European airlines flout insurance rules
06 July 2009
Four European airlines are charging passengers for travel insurance despite a European ban on the practice, a UK consumer watchdog has warned...
International
Financial crisis tops risk list
29 June 2009
The financial market crisis tops the list of the 10 biggest risks for the insurance industry in a new report by Ernst & Young...
Changes galore as AIG brand fades
29 June 2009
AIG continues to evolve into something less indebted to the US Government...
Allianz study reveals growing piracy threat
29 June 2009
Global insurer Allianz has encouraged marine clients to improve the protection of ships and crew as the threat of piracy off the Horn of Africa continues to grow...
Insurers off the hook in AIG case
29 June 2009
A US court has dismissed a lawsuit that alleged several insurance companies helped AIG defraud investors...
AIG struggling to prove case against Greenberg
29 June 2009
The judge presiding over AIG’s $US4.3 billion ($5.3 billion) lawsuit involving former CEO Maurice “Hank” Greenberg has suggested the company’s case will fail unless lawyers...
Buyers set to re-emerge as US insurers cash up
29 June 2009
Strategic buyers and foreign government wealth funds may revive merger and acquisition activity in the US insurance market late this year, according to a new report by Deloitte...
British insurance body tackles non-insurance
29 June 2009
The Association of British Insurers has stepped up the fight against non-insurance by joining with brokers and insurers to develop and promote low-cost contents insurance schemes...
US Government proposes national insurance office
22 June 2009
Plans to establish a federal system of insurance regulation in the US continue to divide the insurance industry despite widespread approval from other quarters...
Greenberg on defence over fund
22 June 2009
Looking small and frail in the witness box of a New York court, 84-year-old insurance legend Maurice (Hank) Greenberg last week fronted up against lawyers for AIG, the company he built...
AIG/Gen Re whistleblower avoids jail
22 June 2009
A former executive who helped bring successful charges against his former colleagues over a sham AIG/Gen Re reinsurance deal has avoided a prison term...
North American commercial rates down
22 June 2009
Rates fell in almost every commercial insurance line in North America last year, despite the economic turmoil and the second-worst year on record for natural catastrophe losses...
Swiss Re’s cat bond with a difference
22 June 2009
Swiss Re has established a $US100 million ($126 million) catastrophe bond to reinsure Ace American Insurance against US hurricane and earthquake risks for three years...
Transparency to lead insurers forward: Plumeri
22 June 2009
Willis Chairman and CEO Joe Plumeri has called on the insurance industry to show leadership amid the global economic downturn by abolishing contingent commissions...
Munich Re heads for the desert
22 June 2009
Munich Re is leading the charge in an ambitious plan to ease Europe’s energy woes by building solar power plants in the Sahara desert...
Fortis appoints new CEO
22 June 2009
Troubled banking and insurance group Fortis has announced Bart De Smet as its new CEO...
Big insurers look to emerging markets
15 June 2009
The growth potential of emerging world markets will entice 62% of leading life and general insurance companies to expand offshore in the next 12 months, according to a new international survey...
Global CEOs mostly upbeat
15 June 2009
International insurance and reinsurance chief executives are upbeat about the prospects for their companies in the economic downturn...
Marsh predicts PI perfect storm
15 June 2009
Global broker Marsh believes a professional indemnity “perfect storm” is brewing that could leave companies in the UK architectural, engineering and construction industries underinsured...
Insurers hurting after Air France disaster
15 June 2009
The Air France crash that killed 228 people is expected to be the most costly airline disaster for insurers since 2001...