30 June 2008
British insurers have “generally responded well” to last year’s devastating summer flooding but could do better, according to an official report by leading bureaucrat Sir Michael Pitt...
30 June 2008
Thousands of jobs may be lost in the US and Europe as the world’s biggest financial firms shed workers amid slowing revenue growth and billion-dollar writedowns...
23 June 2008
US ratings agency AM Best has downgraded ratings on two AIG subsidiaries in another setback for the beleaguered American insurer...
23 June 2008
Almost three years since Hurricane Katrina devastated properties and, in turn, the insurance industry, little along the US coast has changed...
23 June 2008
Dutch financial services firm ING Group has completed the sale of its run-off reinsurance unit NRG to Columbia Insurance Company...
23 June 2008
Only 17% of Americans have flood insurance, according to a survey by the Insurance Information Institute...
23 June 2008
US property and casualty insurers will suffer underwriting losses this year as the market continues to soften, says Fitch Ratings...
23 June 2008
The Insurance Information Institute has updated its International Fact Book with the latest statistics on the international insurance industry...
16 June 2008
AIG CEO Martin Sullivan has stepped down from the embattled American insurer...
16 June 2008
Ratings agencies have reacted with concern to the reliance of major broker Willis on debt to fund its $US2.1 billion ($2.2 billion) purchase of Hilb Rogal & Hobbs...
16 June 2008
Standard & Poor’s has assigned a “stable” outlook to most global insurers despite intense competition holding down earnings...
16 June 2008
Insurers are the least likely financial institutions to bear the brunt of the US subprime mortgage crisis, says a ratings agency official...
16 June 2008
Swiss Re has called on governments to use public-private partnerships to prevent natural catastrophes draining public funds...
16 June 2008
Damage to infrastructure from last week’s floods in the US state of Iowa is expected to reach hundreds of millions of dollars...
16 June 2008
US bond insurers are in dire straits if last week’s ratings downgrades are anything to go by...
10 June 2008
Three years after the “big three” brokers in the US agreed to stop accepting contingent commissions, a new agreement with government agencies paves the way for…
10 June 2008
Ace Limited has denied it’s planning to move from its Bermuda headquarters after deciding to change its place of incorporation from the Cayman Islands to Switzerland...
10 June 2008
Zurich and US insurer Allstate are the major bidders for the insurance wing of the Royal Bank of Scotland, which is on sale for about £7 billion ($14.5 billion)...
10 June 2008
Global insurance broker Willis Group Holdings has bought major US competitor Hilb Regal and Hobbs for $US2.1 billion ($2.2 billion)...
10 June 2008
Liberty Mutual is the latest foreign insurer to recognise the potential of the fast-growing Indian market...