01 August 2011
With volcanic ash and tsunamis wreaking disruption and billion-dollar losses this year, the Aon Benfield UCL Hazard Centre has released a guide on the important characteristics that global…
01 August 2011
JLT has reported a strong performance from its Australasian operations in the six months to June 30. It says Australia and New Zealand operations performed well “by increasing its focus on…
01 August 2011
Increased losses due to catastrophes have become the common thread as more insurers and reinsurers report their half-year figures…
01 August 2011
Ace Insurance has lifted its full-year earnings forecast after a solid second-quarter performance…
01 August 2011
More than $US1.2 billion ($1.08 billion) of catastrophe losses pushed Liberty Mutual into the red in the quarter to June 30…
01 August 2011
US tornadoes sent RenaissanceRe into a loss in the second quarter while PartnerRe has warned of extra losses from the Christchurch earthquake…
01 August 2011
Australian and Japanese natural disasters have pushed New India Assurance into a loss for the first time in its 90-year history…
01 August 2011
French insurer Scor has reported a net income of €40 million ($52 million) for the six months ending June 30 after being hit with €423 million ($551 million) of claims from natural catastrophes…
01 August 2011
Zurich has filed a lawsuit against Sony Corporation in a bid to avoid paying the technology giant’s defence costs and indemnify it against a number of class actions it is facing over the…
01 August 2011
Insurance company executives are eyeing the developing markets of Asia for future growth, but despite the bright outlook there are particular challenges for insurers entering the region…
25 July 2011
The Association of British Insurers is wading through a number of possibilities to fix the UK flood insurance crisis, including a pool option to ensure cover remains widely available for high-risk…
25 July 2011
Axis Capital is estimating the Christchurch earthquake and tornadoes in the US earlier this year will cost it between $US90-105 million ($84-98 million)…
25 July 2011
The Atlantic hurricane season, already expected to be worse than usual, could be the tipping point for property insurance markets, according to global broker Marsh…
25 July 2011
Tornadoes and storms in the US ate into Chubb’s profit in the second half of the 2010/11 financial year, but the group is seeing signs of healthier pricing in its standard commercial lines in…
25 July 2011
The UK Financial Services Authority has fined Willis £6.895 million ($10.3 million) for failings in its anti-bribery and corruption systems and controls…
25 July 2011
Marsh has formed a global claims practice to capture its claims expertise and experience from around the world…
18 July 2011
This year has seen the highest-ever half-year economic loss recorded, exceeding the previous record year of 2005, according to Munich Re…
18 July 2011
The global insurance market remains well-capitalised and competitive despite the series of natural disasters eating into reserves in the first half of this year, according to research by Marsh…
18 July 2011
New research from the UK’s Institute of Insurance Brokers shows brokers’ compensation scheme levies have increased by almost 1000% in the past two years…
18 July 2011
The embattled US National Flood Insurance Program has jumped its latest set of legislative hurdles, but the race to provide cover for those in high-risk area is still far from over…