02 May 2011
Last week’s devastating tornadoes in the US are expected to cost insurers $US2 billion-$US5 billion ($1.8-$4.5 billion), with Eqecat warning that the tornado season has only just begun…
02 May 2011
Major brokers are continuing to pour water on the prospect of a global hardening market, with Marsh the latest to dismiss suggestions of rate rises in its latest market update…
02 May 2011
Global disasters have not made an impact on US commercial lines as strong capacity continues to fuel across-the-board premium falls, according to the Risk and Insurance Management Society…
02 May 2011
The combined profit of US private property and casualty insurers rose last year despite a soft underwriting market…
02 May 2011
Several global brokers have expressed confidence in their ability to continue growing after a challenging first quarter…
02 May 2011
Smaller global insurers are reporting a mixed first quarter, with Australian and New Zealand natural catastrophes leading to significant claims…
02 May 2011
Losses from the Japan earthquake cost Berkshire Hathaway more than $US1 billion ($912 million) in the first quarter, with Chairman Warren Buffett telling the company’s annual shareholder meeting…
02 May 2011
The amount of capital held by reinsurers hit record highs at the end of 2010, according to reinsurance broker Aon Benfield…
02 May 2011
The British Insurance Brokers Association has called on the UK Treasury to ensure the future regulation of insurance brokers is “appropriate, proportionate and cost-effective”…
02 May 2011
AIG has offloaded more than $US3.5 billion ($3.21 billion) in potential asbestos liabilities as it prepares for a major share sale…
02 May 2011
A Canadian independent insurance research body is calling for government collaboration on options for flood cover, which is currently not available…
02 May 2011
The number of global ship losses continues to rise, with 2010 one of the five worst years for vessel losses in the past 17 years…
02 May 2011
The Royal Bank of Scotland will sell its insurance business in the second half of next year…
18 April 2011
UK motor premiums have jumped by more than 40% in the 12 months ending March this year…
18 April 2011
The UK insurance industry has plummeted into the red with claims exceeding income during the fourth quarter of last year…
18 April 2011
New estimates of insured losses from the Japanese earthquake and tsunami have come in between $US18 billion ($17.1 billion) and $US26 billion ($24.7 billion)…
18 April 2011
Many reinsurers have exhausted their catastrophe loss budgets for this year and are raising rates while managing capacity more tightly, according to a report by Willis Re…
18 April 2011
Asian life insurer AIA has reported a 17% rise in new premium sales to $US512 million ($485.6 million) for the first quarter ending February 28…
18 April 2011
While low earthquake insurance penetration and the relatively small amount of insurance losses passed on to international players mean the catastrophe is unlikely to impact global prices…
11 April 2011
The soft market is over for catastrophe-exposed property in the US, according to analyst MarketScout…