Ace down in fourth, rallies in final
11 February 2008
Bermuda-based insurer Ace Insurance has tabled a 12% rise in full-year net income to $US2.58 billion ($2.88 billion), despite a lull in fourth-quarter earnings…
11 February 2008
Bermuda-based insurer Ace Insurance has tabled a 12% rise in full-year net income to $US2.58 billion ($2.88 billion), despite a lull in fourth-quarter earnings…
11 February 2008
The UK Government has accepted the key recommendations of an interim report into last year's floods, which caused an estimated £3 billion ($6.75 billion) in insured losses out…
11 February 2008
International claims management specialist Crawford enjoyed a 7% rise in net income to $US16.1 million ($17.9 million) last year…
04 February 2008
Well-known UK brokers' advocate Andrew Paddick died suddenly in late January…
04 February 2008
Lloyd's underwriting capacity for this year has slid by 0.9% to £15.95 billion ($35.6 billion)…
04 February 2008
US President George W Bush gave the insurance industry a Boxing Day treat by signing a seven-year extension to the federal terrorism insurance backstop…
04 February 2008
The Chinese insurance market increased by almost a quarter in premium revenue last year…
04 February 2008
The US insurance industry is heading for another profitable underwriting year, despite a slight deterioration in its overall combined ratio, the Insurance Information Institute notes…
04 February 2008
Global reinsurance prices fell by an average of 9% last year, according to global reinsurance broker Guy Carpenter…
04 February 2008
Insured losses from natural catastrophes doubled to $US30 billion ($33.75 billion) last year, Munich Re says in its annual market report…
04 February 2008
Munich Re has escaped relatively unscathed from the subprime credit crisis with another record profit, due to a conservative investment strategy and prudent disposals…
11 December 2007
An OECD study has found as many as 150 million people in coastal cities worldwide are likely to be reliant on flood defences by the 2070s – more than treble the 40 million people…
11 December 2007
The UK Financial Services Authority is continuing its review into broker remuneration but has decided against mandating commission disclosure for the time being…
11 December 2007
Prosecutors plan to call billionaire Warren Buffett as a witness in the criminal trial of five senior insurance executives in the US…
11 December 2007
The US property/casualty insurance market is enjoying its fourth consecutive year of double-digit returns on capital, says Fitch Ratings…
11 December 2007
The US subprime crisis has exposed deficiencies in risk management among financial institutions globally, according to a report by consultants TowerGroup…
11 December 2007
The soft US property and casualty insurance market shows no sign of turning, with rates down an average of 15% last month…
11 December 2007
Standard & Poor’s has lowered its counterparty credit rating on Marsh & McLennan (MMC) to BBB- from BBB, which it attributes to the poor performance of broking…
11 December 2007
The US reinsurance sector’s combined ratio improved to 94.1% from 95.4% for the first nine months of the year, according to the Reinsurance Association of America’s latest…
04 December 2007
British businesses need to develop practical ways to combat terrorism risk, according to a Lloyd’s report…