06 June 2011
Insurers around the world have nominated regulation as the top risk for the industry, in a survey from the London-based Centre for the Study of Financial Innovation and PricewaterhouseCoopers…
06 June 2011
Rates are still falling in the US property and casualty market, despite indicators supporting a market turn, according to the market barometer compiled by Dallas-based insurance exchange MarketScout…
06 June 2011
The first quarter of 2011 saw the combined ratio of a group of 19 US property and casualty reinsurers blow out to 129.3%, compared to 102.2% for the same period last year…
06 June 2011
Swiss Re is to buy about 300,000 UK life insurance policies from American Life Insurance…
06 June 2011
French insurer Axa has sold its Canadian business for $C2.6 billion ($2.5 billion) to Canada’s biggest property and casualty insurer, Intact Financial…
06 June 2011
Asia Pacific aerospace lead premiums fell about 6% in 2010, according to Aon’s latest aerospace market outlook…
30 May 2011
The latest run of US tornados could cost insurers between $US1 billion ($943 million) and $US3 billion ($2.83 billion), according to modelling firm Eqecat…
30 May 2011
The price for the US Government’s sale of shares in AIG has been set at $US29 ($27.39) per share, marginally above the Government’s break-even price of $US28.73 ($27.13)…
30 May 2011
Xchanging has merged its UK insurance businesses into one group to be called Xchanging Insurance Sector…
30 May 2011
The world’s top insurance CEOs believe insurers will be caught up in measures to prevent another global financial crisis, raising costs for companies and their clients…
30 May 2011
European flights have returned to normal after the latest Icelandic volcano eruption last week sent a column of ash high into the atmosphere over northern Europe…
23 May 2011
Bermuda-based insurers and reinsurers have recorded “better than expected” operating results in the past year, according to an annual Deloitte-Standard & Poor’s survey…
23 May 2011
The UK Parliament has introduced a new bill setting out what consumers should tell their insurer before taking out a policy…
23 May 2011
US insurer WR Berkley has launched a London-based casualty and property treaty reinsurer, Berkley Re UK Limited…
23 May 2011
Lloyd’s CEO Richard Ward has issued a warning to the insurance market that the next big natural catastrophe will be a capital rather than earnings event, unless there are “significant” rate rises…
23 May 2011
The number of insurance-related complaints directed to the UK’s Financial Ombudsman Services fell during the 12 months ending March 31…
23 May 2011
The embattled US National Flood Insurance Program is one step closer to being given the tick of approval to continue for another five years despite a $US17.75 billion ($16.3 billion) black hole in its…
23 May 2011
Tokio Marine’s profit fell 44% to ¥71.9 billion ($827 million) in the year to March 31 thanks to earthquake claims and a fall in underwriting income…
23 May 2011
National regulations are stopping multinational companies from buying global insurance policies to protect their interests, a new Ace Insurance report claims…
23 May 2011
Insurance losses from a spate of US tornadoes early last month are continuing to climb, with the latest estimates saying the bill could be as high as $US6 billion ($5.6 billion)…