Merged XL Catlin ‘bigger and better’
02 February 2015
The combined XL Group and Catlin will gain advantages of scale in a consolidating reinsurance market, XL CEO Mike McGavick has told investors…
02 February 2015
The combined XL Group and Catlin will gain advantages of scale in a consolidating reinsurance market, XL CEO Mike McGavick has told investors…
02 February 2015
Ace Insurance has reported a record operating profit of $US3.32 billion ($4.24 billion) for last year, up 4.7% on the previous year…
02 February 2015
US-based insurer Chubb has reported a 10% drop in profit to $US2.1 billion ($2.63 billion) for last year – still one of the highest results in its history…
02 February 2015
UK-based Hyperion Insurance Group has posted a 19% rise in revenue to £199 million ($386 million) for the year to September 30…
15 December 2014
Lloyd’s Chairman John Nelson has delivered an upbeat forecast for the international insurance and reinsurance market…
15 December 2014
Next year is expected to be “daunting” for insurers, with low interest rates set to remain at least until 2016, Standard & Poor’s says…
15 December 2014
Moody’s has maintained its negative outlook for the global reinsurance sector next year, as profitability buckles under the weight of intense competition…
15 December 2014
The US House of Representatives has passed legislation to extend the federal terrorism insurance backstop for six years…
15 December 2014
The UK Government is to release information on flood risks that was previously available to insurers only…
15 December 2014
Only a “select group” of reinsurers have the scale, diversity and financial strength to attract the highest-quality business, according to a Fitch report on Munich Re…
15 December 2014
Foreign insurers will be allowed to buy up to 49% of Indian insurance companies if the Government passes the Insurance Bill this week, as widely expected…
15 December 2014
Workers’ compensation ranks lowest for claims, billing and payment satisfaction among large US commercial insurance clients, according to a new survey…
15 December 2014
China’s new solvency framework should improve insurers’ credit profiles, particularly among larger companies, Standard & Poor’s says…
08 December 2014
This year’s tropical cyclone season was mostly benign, with 40 events worldwide causing preliminary insured losses of $US2.7 billion and killing 544 people, according to Munich Re…
08 December 2014
The UK-based scientific group the Royal Society says principles used in insurance should be adopted more broadly in the financial sector, to ensure weather risks are made clear as climate changes…
08 December 2014
ACORD President and CEO Gregory Maciag has announced he will retire in January 2016…
08 December 2014
Terrorists may use cyber attacks to hit the aviation industry, an Allianz Global Corporate & Specialty report warns…
08 December 2014
The severe winter in North America points to increased storm activity in Europe, Impact Forecasting warns in its global catastrophe report for last month…
08 December 2014
Moody’s has maintained its stable outlook for the global property and casualty insurance sector next year…
08 December 2014
Pirate activity has soared in southeast Asia, according to the International Maritime Bureau’s latest report…