US commercial rates make slight gains
08 December 2014
US commercial insurance prices increased 1% last month, with industry barometer MarketScout reporting slight growth across various lines…
International
Tokio Marine rating under review after Japan cut
08 December 2014
Moody’s is considering a downgrade for Tokio Marine & Nichido Fire Insurance after Japan’s sovereign rating was cut to A1 with a stable outlook, down from Aa3…
Expansion costs dent Innovation Group profit
08 December 2014
UK claims technology company Innovation Group says pre-tax profit fell 8% to £13.2 million in the year to September 30, due to exceptional costs from recent expansion…
Rates continue downward trend worldwide
01 December 2014
Global insurance prices fell 2.8% in the third quarter, according to Marsh…
UN backs Willis-led disaster stress test
01 December 2014
The United Nations has endorsed the “1-in-100” disaster resilience stress test championed by Willis Group…
Emerging markets to lead growth: Swiss Re
01 December 2014
The global economy is expected to strengthen “modestly” next year, according to Swiss Re…
Winter storms to cost US insurers $2.9 billion
01 December 2014
Insured losses from winter storms in the US this year are tipped to exceed $US2.5 billion ($2.9 billion), as parts of the country again shiver under an Arctic blast…
IPCC finalises global warming mitigation report
01 December 2014
The United Nations Intergovernmental Panel on Climate Change has released its full report on mitigation, arguing immediate action is needed to keep global warming in check…
Ace names regional accident and health VP
01 December 2014
Ace Group has promoted Blain Waterford to the new position of VP and Deputy Head of Accident and Health in Asia-Pacific…
Email campaign raises consumer awareness
01 December 2014
The US Insurance Information Institute has launched an email campaign to help consumers ensure they regularly review their cover and have the right policies for their needs…
Lloyd’s welcomes China Re syndicate
24 November 2014
China Reinsurance Corp has signed a deal to become the first Chinese-owned company to establish a Lloyd’s syndicate writing open-market business…
HDI-Gerling parent makes gains despite ‘significant’ losses
24 November 2014
Talanx, the parent of HDI-Gerling Industrial Insurance, says net profit totalled €530 million ($758 million) in the first nine months of this year, little changed from €528 million…
Pool Re accepts Treasury reforms
24 November 2014
Pool Re members have voted to accept a UK Treasury-proposed shake-up to ensure the future of the British terrorism pool…
UK businesses agree dispute resolution reforms
24 November 2014
Senior executives at UK financial services businesses have become more engaged with complaint handling following a review by the Financial Conduct Authority…
Aon announces share buyback
24 November 2014
Aon’s board has approved a $US5 billion ($5.77 billion) share buyback, with President and CEO Greg Case saying the company has strong free cashflow…
ABI selects new chief
24 November 2014
The Association of British Insurers has appointed Huw Evans as its next Director-General…
Teamwork key to modern risk management: CROs
24 November 2014
Insurers and stakeholders have been urged to step up co-operation in risk management, to get a better handle on the challenges posed by rapid technological advances…
Catlin founder nominated for hall of fame
24 November 2014
Catlin Group founder and CEO Stephen Catlin has been nominated for induction to the Insurance Hall of Fame next year…
Amlin grows GWP amid ‘challenging environment’
24 November 2014
Lloyd’s insurer and reinsurer Amlin has reported gross written premium of £2.29 billion ($4.11 billion) for the first nine months, up 4.2% on the corresponding period…
London dominance ‘under threat’
17 November 2014
London could lose its position as the world’s insurance industry hub after failing to grab a significant share of emerging markets, according to a report by the influential London Market Group…