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…
International
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…
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…
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…