Commercial decline continues
24 July 2007
Commercial lines premiums in the US have continued their decline, according to second quarter renewals data in the latest Risk and Insurance Managers Society benchmark survey…
International
Zurich takes aim at M&A
24 July 2007
Zurich Financial Services Group has made a big splash in the mergers and acquisitions market, creating a dedicated unit to assist customers on either side of a takeover…
Brazil crash scars AIG
24 July 2007
American International Group has a bigger-than-usual claim on its books after last week's air disaster in Brazil…
Lloyd’s may force brokers to reform
17 July 2007
Lloyd’s CEO Richard Ward’s determination to modernise the market’s processes is becoming more obvious…
Hurricane threat simmers
17 July 2007
With the devastation of 2005 still high in their minds, insurers will be pleased to know the probability of a similar Atlantic hurricane season this year is lessening…
Catastrophe prices level out
17 July 2007
The downgraded hurricane forecast comes after one of the most catastrophe-free quarters the US has ever enjoyed…
New FSA boss backs principles-based regulation
17 July 2007
Hector Sants has been appointed head of the UK’s Financial Services Authority, three years after joining the regulator from the private sector…
UK reforms to benefit industry: Treasury
17 July 2007
UK insurers will operate under a lightened regulatory load after the Treasury approved a less intrusive role for the country’s FSA…
Aon: global terror patterns shifting
10 July 2007
Business must acknowledge the shifting patterns of terrorism and how they affect global revenue and supply chains, according to major broker Aon…
Profits up, premium growth down
10 July 2007
World life insurance markets are experiencing healthy growth this year, but the general insurance sector has proved stagnant, according to new research by Swiss Re…
EU revamps insurance regulation
10 July 2007
The European Union will have its first big overhaul of insurance regulation in 30 years when a common framework is unveiled this week…
England flood bill exceeds $3.5 billion
10 July 2007
Flooding throughout parts of England is expected to cost local insurers £1.5 billion ($3.5 billion), according to the Association of British Insurers…
M&A hunters going global
03 July 2007
The global consolidation scramble is only going to get more frantic, say industry analysts at KPMG…
UK floods may cost $2.4 billion
03 July 2007
The Association of British Insurers predicts insured damage from the flooding in England last week is expected to reach £1.1 billion ($2.4 billion)…
US premium growth weakest since 1992
03 July 2007
The US general insurance industry’s net income after taxes dropped 5.5% to $US15.8 billion ($18.5 billion) in the first quarter of this year…
FSA to regulate all travel insurance
03 July 2007
The UK Government intends to extend the responsibility of the Financial Services Authority so that it regulates travel insurance sold with a holiday…
Munich Re aims for climate-neutral status
03 July 2007
Munich Re – one of the first corporations to warn of the potential impacts of global warming in the early 1990s – is aiming for climate-neutral global reinsurance activities by 2012…
Lloyd’s market under review
26 June 2007
Government regulation of the UK-based Lloyd’s market could be relaxed, in conjunction with a wider review of the London insurance market…
Greenberg counter-sues AIG
26 June 2007
AIG founder and former CEO Maurice “Hank” Greenberg has counter-sued 16 current and former company directors in response to a $US1 billion ($1.8 billion) suit…
New financial services rules in the UK
26 June 2007
The loosening of financial services regulation in the UK does not give companies free rein to dishonestly market their services, the industry regulator has warned…