Storms quits Marsh
18 September 2007
Marsh CEO Brian Storms has quit as head of the international broking firm after just two years at the helm…
International
Fitow wreaks havoc
18 September 2007
The name may mean "beautiful fragrant flower" in some parts of Micronesia but Typhoon Fitow has been far from sweet for its Japanese host…
Lloyd’s ramps up pressure on market reform
18 September 2007
Lloyd's is taking aim at managing agents who fail to meet expected targets on process reform, issuing individual progress report cards…
Reinsurers have opportunity to expand horizons
18 September 2007
World reinsurance markets are at a crossroads, according to guests at Reinsurance Rendezvous 2007 in Monte Carlo, which finished at the weekend…
No growth in soft market: Swiss Re
18 September 2007
Global reinsurer Swiss Re says it will forgo building its premium book if it can't be expanded profitably into next year…
Insurers urge action on US terrorism bill
18 September 2007
The US Congress must pass a 15-year extension of the nation's terrorism insurance legislation to shield businesses from the economic fallout of a future attack…
Reinsurance back in favour
11 September 2007
This year's global reinsurance market is stabilising as a flood of new capital balances the increase in demand from earlier "mega-catastrophes"…
… but one hurricane could change the tune
11 September 2007
The chance is slim, but a single hurricane in a certain place could cause more than $US65 billion ($78.6 billion) of damage to US energy producers…
Lloyd’s Levene issues terrorism warning
11 September 2007
Lloyd's Chairman Lord Levene has called for increased investment in risk management to combat the threat of terrorism…
Insurance Aid rocks Africa
11 September 2007
Insurance is helping to break the poverty cycle in Africa through a new product offsetting drought in Kenya, Mali and Ethiopia…
Insurer/broker conspiracy allegations collapse
11 September 2007
Anti-trust charges against some of the world's leading insurers and brokers have been dropped in the US…
Marsh offers risk leadership program
11 September 2007
Global broking giant Marsh & McLennan has broadened its services beyond broking commercial insurance by opening the Marsh Centre for Risk Insights…
Insurers spark fear in UK brokers
04 September 2007
The trend for insurers to buy UK brokers is an increasing source of concern to the broking fraternity, according to the latest member survey by the Institute of Insurance Brokers…
US insurers safe from subprime
04 September 2007
The fallout from the subprime mortgage implosion is not expected to drag down the US insurance industry, with ratings agencies confirming insurers have limited direct exposure…
… and Europeans also survive
04 September 2007
The European insurance industry is cruising through the year, with good results and stable ratings throughout the first half…
Ohio targets top insurers and broker
04 September 2007
Some of the world’s largest insurance companies, along with the world’s largest broker, have been accused of anti-competitive practices and a far-reaching conspiracy to fix prices…
Subprime fears on insurance exposure
28 August 2007
Insurers and the financial services sector face increased exposure to legal action arising from the meltdown in the US sub-prime mortgage market, international broker Marsh says…
Allianz restructure on track as profit plunges
28 August 2007
The German operations of Allianz suffered a 33% fall in net profit in the first half of 2007 to €7.11 billion ($11.78 billion)…
Saudi reforms to boost market growth
28 August 2007
The general insurance market in Saudi Arabia market could grow by up to $US4 billion ($4.86 billion) by 2009 as a result of market reforms, according to analysts…
Hurricane Dean to intensify
21 August 2007
Insurance claims from Hurricane Dean are estimated to top $1.5 billion as the storm gathered momentum this morning (Australian time) and headed west towards Mexico’s…