Liberty in third-quarter lull
06 November 2007
Giant US insurer Liberty Mutual has registered a 27.3% slide in third-quarter earnings amid intense competition in US property and casualty lines…
International
Indie three guilty
30 October 2007
As Rodney Adler enjoys his newfound freedom, Ray Williams languishes in jail and ASIC wraps up its HIH investigations, a long-running and high-profile case…
California fire losses could reach $US1.6 billion
30 October 2007
Insured losses from southern Californian bushfires could exceed $US1.6 billion ($1.7 billion) as authorities struggle to contain more than 20 separate blazes raging across the state…
Ace settles bid-rigging payment
30 October 2007
Bermuda-based insurer Ace has settled with nine US jurisdictions over allegations that it colluded with broker Marsh in bidding on rigged insurance contracts…
Willis posts solid quarter
30 October 2007
Willis says it remains on track to post a full-year operating margin of 24% after unveiling third-quarter net income of $US67 million ($73 million)…
Olympic insurers named
30 October 2007
Royal & SunAlliance and Munich Re have been appointed lead insurers for the 2012 London Olympic Games…
Chubb lifts forecast on record results
30 October 2007
Chubb Corporation has improved its net income for the third quarter to $US738 million ($799 million) from $US604 million ($654 million) a year ago but its net written premiums…
Zurich chief receives global honour
23 October 2007
Zurich CEO James Schiro is the 2007 Insurance Leader of the Year, as chosen by St John's University School of Risk Management…
Munich Re makes $US1.3 billion niche play
23 October 2007
Munich Re has purchased a US speciality insurer for $US1.3 billion ($1.5 billion)…
Lloyd’s threatens audit for electronic laggards
23 October 2007
The Lloyd's market's transition from paper to full electronic claims processing is in doubt, according to the latest figures of the Market Reform Group…
New York to open up reinsurance market
23 October 2007
The New York State Insurance Department has proposed changes to its collateral reinsurance regulations in a bid to attract more reinsurance capital to the state…
UK insurers win asbestos judgement
23 October 2007
A decision in the UK House of Lords on pleural plaques could save UK insurers with asbestos liabilities as much as £1.4 billion ($3.2 billion)…
Soft property a hard sell in 2008: Aon
23 October 2007
Global broker Aon does not expect a bounce in global property premiums next year, amid strong earnings, frugal exposures and rating agency pressures…
Piracy on rise off Africa
23 October 2007
African waters are among the most perilous in the world, says a new piracy report by the International Maritime Bureau…
US legislature at loggerheads over flood bill
23 October 2007
A stand-off over reform to the US federal flood insurance program is looming after a Senate version of the bill removed wind damage as a covered risk…
Marsh faces court in the Constitution State
16 October 2007
It's a case of another state, another anti-trust lawsuit for Marsh & McLennan…
UK disclosure proposal under fire
16 October 2007
The Institute of Insurance Brokers has slammed the UK Financial Services Authority's proposed changes to disclosure requirements…
UK insurers urge Government to act on flooding
09 October 2007
Insurers are pushing the UK Government to act quickly on flood mitigation measures expected to cost more than £1.6 billion ($3.6 billion)…
US flood program extension under fire
09 October 2007
Reform to the US federal flood insurance program to add wind damage cover is under fire as a costly impost that will lead to irrational development along coastal regions…
International commercial rates fall
09 October 2007
The decline in commercial premiums is showing no sign of slowing, according to the latest survey by the Risk and Insurance Management Society…