US commercial market going strong
04 December 2007
US commercial property/casualty insurers appear to be in rude health despite soft market conditions, says a report by Standard & Poor’s…
International
AIG Europe boss to head Marsh
04 December 2007
AIG Europe MD Daniel Glaser has been appointed Chairman and CEO of Marsh…
AIG in subprime horror show
27 November 2007
Giant insurer AIG is facing the subprime blowtorch as it deals with a shareholder lawsuit, the possibility of further writedowns and the disaffection of influential…
Hurricane risk remains high
27 November 2007
US residents face an elevated threat of hurricanes making landfall over the next five years, according to weather forecaster Risk Management Solutions…
UK professional rates hit seven-year low
27 November 2007
Rates are continuing to fall in financial, executive and professional lines of insurance, according to a Willis survey of UK insurers…
Hike in P&I club claims force up premiums
27 November 2007
A surge in costly protection and indemnity pool claims is increasing shipowners’ premiums, with P&I clubs initiating increases of 10% to 20% at renewal…
No sign of lift-off in airline market
20 November 2007
The soft market in airline insurance is likely to continue to the end of the year, says a report from Aon…
FM Global policyholders in credit bonanza
20 November 2007
US-based mutual FM Global is returning $413 million to its policyholders in next year's renewal season…
Soft market here to stay: consultant
20 November 2007
The market for property and casualty insurance will stay soft next year, with premiums expected to decline further or at least remain flat…
Zurich income up 25%
20 November 2007
Zurich has reported a 25% increase in net income to $US4.2 billion ($4.7 billion) for the nine months to September 30, compared with the first three quarters of last year…
Swiss Re decked by subprime loss
20 November 2007
The subprime mortgage meltdown in the US has claimed its first reinsurance victim, with Swiss Re announcing a startling CHF1.2 billion ($1.22 billion) write-down from exposure…
Over the Limit in QBE Euro restructure
13 November 2007
QBE European Operations will replace a swag of well-known brands with QBE livery in the new year when it launches a new product and distribution structure…
Marsh back in the commission game
13 November 2007
No 1 global broker Marsh will begin charging US insurers an "enhanced" commission for small and middle-market commercial business from early next year…
Allianz weathers cat season
13 November 2007
German global insurer Allianz improved its net income by 21% to €1.92 billion ($3.11 billion) for the third quarter, despite a difficult catastrophe period…
Goldman Sachs arrows into Lloyd’s
13 November 2007
Investment bank Goldman Sachs is to enter the Lloyd's insurance market on January 1…
Lloyd’s: broking roads lead to China
13 November 2007
The Chinese broker market has capacity for further growth, says Lloyd's in a new report…
Swiss Re stands up to financial turbulence
13 November 2007
Swiss Re's net income for the third quarter has slipped 5% to CHF1.5 billion ($1.4 billion) from the same period last year…
Munich Re on track for record year
13 November 2007
A rise in natural disasters has failed to dent Munich Re's prospects of a record annual result, with the reinsurer's profit passing €3.3 billion ($5.46 billion) in the first nine months…
US insurers hit by litigation costs
06 November 2007
American insurers are being deluged by lawsuits, according to a new survey…
South Africans pool resources
06 November 2007
South Africa's major financial intermediary associations have merged to form a new body…