Researchers predict two more hurricanes
09 October 2007
Researchers are predicting another four named storms, two of them hurricanes, before the end of the Atlantic hurricane season on November 30…
International
Principles-based rules unprincipled: UK brokers
02 October 2007
The UK Financial Services Authority move towards principles-based regulation is unnerving intermediaries, with the British Insurance Brokers' Association baulking at changes…
Lloyd’s calls for discipline as profits soar
02 October 2007
Lloyd's pre-tax profit has increased 34% to £1.8 billion ($4.1 billion) for the first six months of the year, compared with £1.35 billion ($3.1 billion) for the same period last year…
Swiss Re offers disaster cover to Third World
02 October 2007
Swiss Re is developing insurance products to cover natural calamities for developing countries under a new program related to climate…
Profit declines for US insurers
02 October 2007
Profit margins in the US property and casualty insurance sector are under pressure, despite the sector reaching a record $US32.6 billion ($36 billion) in net income…
Goldman Sachs in talks to buy Benfield
02 October 2007
Global banker Goldman Sachs is reportedly positioning itself for a takeover of reinsurer Benfield…
Terrorism extension passes first, but easiest, hurdle
25 September 2007
The US House of Representatives has voted to extend the Federal Government's terrorism backstop program for 15 years…
Vietnam touted as next Asian insurance tiger
25 September 2007
Australian insurers seeking growth opportunities in Asia should be looking beyond China and India for expansion opportunities…
Marine insurers travelling well
25 September 2007
The world marine insurance market is steadily increasing, delegates to the International Union of Marine Insurance conference have been told…
Lloyd’s calls for international co-operation on terror risks
18 September 2007
Lloyd's Chairman Lord Levene says the insurance industry needs to work closely with governments and the business community to deal with emerging areas of terrorism risk…
Insurers sign climate pact
18 September 2007
International and UK insurance groups have signed a new treaty pledging to pool resources in understanding and combating climate change…
Greenberg gloomy on subprime effect
18 September 2007
Insurance industry luminary Maurice Greenberg has predicted further pain for insurers stemming from US subprime mortgage defaults…
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…
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…