30 January 2017
AIG’s credit ratings are under review with negative implications after announcing its fourth-quarter financial result will include “a material adverse reserve adjustment and capital-supporting reinsurance transaction” for its US commercial business, AM Best says…
30 January 2017
Toronto-based Fairfax Financial Holdings is acquiring Swiss (re)insurer Allied World in a cash and stock deal for $US4.9 billion…
30 January 2017
Catastrophe bond activity picked up in the fourth quarter of last year after a quiet northern summer, Willis says in a market update…
30 January 2017
Environment-related risks are among the top five global threats, according to an annual World Economic Forum report…
30 January 2017
Reinsurance broker Aon Benfield and reinsurers Munich Re and Swiss Re have published varying estimates of last year’s global catastrophe losses…
30 January 2017
The Association of British Insurers has attacked proposed reforms to a compensation scheme it calls “a vital safety net”…
30 January 2017
Berkshire Hathaway Specialty Insurance has gained a licence from Malaysia’s Labuan Financial Services Authority to provide non-life reinsurance, and has established an office in Kuala Lumpur…
30 January 2017
UK-based Hyperion Insurance Group remains on the lookout for acquisitions after corporate deals helped drive a 45% revenue gain last financial year…
30 January 2017
US commercial rates were down 1% last month, compared with drops of 4% at the start of last year, according to analyst MarketScout…
30 January 2017
Guy Carpenter Head of Asia-Pacific James Nash has been appointed President of the group’s new international division…
12 December 2016
Lloyd’s says a new corporation operating model to be introduced next month will sharpen its focus and help it deliver the Vision 2025 strategic plan more efficiently…
12 December 2016
The political surprises thrown up by the Brexit vote and the US presidential election are just the start of a global trend, with the rest of Europe not far behind, WR Berkley founder and Executive Chairman William Berkley warns…
12 December 2016
Last month’s 7.8-magnitude earthquake in New Zealand caused at least $NZ3 billion of economic damage, Impact Forecasting’s latest catastrophe report says…
12 December 2016
An increase to Indonesian infrastructure spending may drive up demand for insurance products, according to Fitch…
12 December 2016
The British Insurance Brokers’ Association has helped develop a flood insurance product for small businesses excluded from the Flood Re program…
12 December 2016
Insurers have lowered their expectations for US property and casualty premium growth next year following Donald Trump’s election, according to a report by EY…
12 December 2016
Chubb says it is well placed to expand its global share of the growing but fragmented property and casualty market…
12 December 2016
Growth in US personal lines rates remained steady last month at 1%, while the decline in commercial rates moderated “ever so slightly”, according to insurance analyst MarketScout…
05 December 2016
Zurich must do more to return its general insurance earnings to pre-2015 levels, according to AM Best…
05 December 2016
Swiss Re has created an institute to drive its research and development activities and strengthen a competitive advantage…