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International

AIG, Berkshire unit sign reinsurance deal

06 February 2017

AIG expects its fourth-quarter financial results to include an “adverse development charge” due to a reinsurance agreement with Berkshire Hathaway-owned National Indemnity Company, announced last month…

Global premium growth slows: IAIS

06 February 2017

Non-life premium growth around the world was slower last year than in 2015, rising 2.4% in real terms, according to the International Association of Insurance Supervisors…

Marsh & McLennan reports strong Q4

06 February 2017

Marsh & McLennan says its fourth-quarter net income grew 16% to $US436 million, aided by increased earnings from its core risk and insurance services business…

Society to recognise insurance educators

06 February 2017

The International Insurance Society has created a certificate for universities and colleges with outstanding risk management and insurance programs…

Reinsurance giants set up shop in India

06 February 2017

Swiss Re and Munich Re will open branches in Mumbai after securing licences from the Insurance Regulatory and Development Authority of India…

NZ quake shakes XL Catlin’s earnings

06 February 2017

XL Catlin’s fourth-quarter operating net income tumbled 34% to $US128.44 million as the November earthquake in New Zealand and other catastrophes hit earnings…

Global heat record tumbles again

30 January 2017

The World Meteorological Organisation says last year’s average global temperature was the highest on record…

Lloyd’s warns on underwriting profitability

30 January 2017

Underwriting discipline will remain a focus at Lloyd’s after profitability deteriorated last year, according to an annual note from Chairman John Nelson and CEO Inga Beale…

AM Best puts AIG ratings on review

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…