05 September 2011
Loss estimates from Hurricane Irene, which hit the US east coast last week, range from $US1.5 billion to $US6 billion ($1.4 billion-$5.6 billion), but industry observers say the losses are not significant…
05 September 2011
The British Insurance Brokers’ Association and Institute of Insurance Brokers are calling for the newly formed Finance Conduct Authority to reassess its regulatory demands…
05 September 2011
US insurers have been too slow to recognise the impact of climate change on their business models, according to a new report by ethical investment researcher Ceres…
05 September 2011
The combined operating ratio of US reinsurers took a beating in the first half of 2011, jumping to 116.2% for the six months to June 30, according to a survey of 19 US reinsurers by the Reinsurance…
05 September 2011
The outlook for the catastrophe bond market this year is positive despite losses from the Japan earthquake, Aon Benfield says in its latest annual review of insurance-linked securities…
05 September 2011
Tokyo Electric Power Company has started the process of compensating thousands of people forced to evacuate the area around its crippled Fukushima nuclear plant…
05 September 2011
British society guide Debrett’s has moved into providing insurance for the well-heeled individual…
29 August 2011
Hurricane Irene is unlikely to be a market-turning event as early estimates of losses begin to come in…
29 August 2011
Ratings agencies and insurance industry researchers are calling an end to the soft market in the US…
29 August 2011
The first half of 2011 saw almost as many new insurers register in Bermuda as for the whole of 2010, new figures from the Bermuda Monetary Authority have revealed…
29 August 2011
Insured losses from last week’s earthquake in the US state of Virginia should be less than $US100 million ($96 million), catastrophe modeller Eqecat says…
29 August 2011
The Association of British Insurers says the industry’s £10.4 billion ($16.2 billion) tax bill highlights the need for more competitive and consistent rules to aid industry growth…
29 August 2011
More US hedge fund executives and lawyers are moving towards using group personal excess liability insurance instead of individual policies…
29 August 2011
Lloyd’s insurer Amlin has posted a pre-tax loss of £192.3 million ($299 million) for the first half of 2011, after a recent warning that its profits would be hit by the deterioration in Suncorp’s gross…
22 August 2011
The US-based Risk and Insurance Management Society believes the results of its latest benchmarking survey indicate the US soft market may be “near bottom”…
22 August 2011
American International Group has repaid $US2.15 billion ($2.06 billion) to the US Government following the sale of Taiwan’s Nan Shan life group…
22 August 2011
The Indian Government has suspended the Chairman and MD of New India Assurance over alleged irregularities in the distribution of credit insurance when he was in charge of another insurer…
22 August 2011
Aviva is to simplify its UK general insurance business to enable it to meet the new Solvency II proposals…
22 August 2011
Wesfarmers-owned broker OAMPS UK has split its petrochemical business into retail and wholesale divisions as part of a corporate reorganisation…
15 August 2011
The Association of British Insurers continues to raise the claims estimates from the recent riots in London and other regional centres upwards, with its expectation currently standing at “in excess of…