24 November 2008
Implementation of Solvency II regulations across Europe is likely to be delayed until 2013, with participating nations unlikely to be prepared in time for the original date of inception...
24 November 2008
Lloyd’s will undergo a modernisation to reflect changes in the regulatory environment...
17 November 2008
The US Government has restructured its bailout of AIG, increasing its financial rescue package to $US150 billion ($228 billion)...
17 November 2008
AIG reported a $US24.47 billion ($38.27 billion) net loss for the third quarter, compared to a profit of $US3.09 billion ($4.8 billion) for the third quarter of last year...
17 November 2008
Zurich Financial Services has reported a 90% drop in profit for the third quarter due to the financial crisis and an expensive US hurricane season...
17 November 2008
Allianz may have finally sold Dresdner Bank, but losses from the bank have forced the German insurer to abandon forecast earnings for its life insurance and asset management businesses...
17 November 2008
A $US697 million ($1.08 billion) liability from Hurricanes Ike and Gustav has blown a hole in third-quarter earnings at Liberty Mutual Group, with the insurer haemorrhaging 98.5% of…
17 November 2008
The British Government has set up a new industry group to focus on the long-term needs of the insurance and investment industry...
17 November 2008
A Financial Services Authority review of British insurance comparison websites has found most sites are improving but some still have a way to go...
17 November 2008
Dutch group ING reported its first quarterly loss last week, as it wrote down the value of investments impacted by the market crisis...
17 November 2008
A Canadian law firm is mounting a class action against AIG, claiming it has caused “massive losses to Canadian investors”...
17 November 2008
The insurance businesses of billionaire investors Warren Buffett and Wilbur Ross are close to buying all or part of Financial Security Assurance, the US bond insurance unit of Dexia bank...
10 November 2008
No 1 global reinsurer Munich Re has cut profit targets for the second time in four months as it reported disappointing third-quarter results on Friday...
10 November 2008
Reinsurer Swiss Re has reported a surprising third-quarter loss, hurt by lower investment performance and a higher level of catastrophe claims...
10 November 2008
Falling revenue from US investment company Berkshire Hathaway’s insurance operations has been the major contributor to a 77% fall in third-quarter profit...
10 November 2008
The worsening financial crisis and higher than average catastrophe losses have taken their toll on Hannover Re...
10 November 2008
Credit ratings agency Standard & Poor’s has downgraded the ratings of a number of AIG property and casualty subsidiaries from “developing” to “negative”...
10 November 2008
Marsh & McLennan has posted a third-quarter loss on restructuring changes, reversing its strong profit rise from a year ago...
10 November 2008
The subprime meltdown and global credit crisis will have a major impact on directors’ and officers’ insurance, with losses predicted to far exceed earned premium...
10 November 2008
Bermuda-based insurer XL Capital has posted a quarterly net loss of $US1.65 billion ($2.45 billion), which is in line with preliminary estimates...