UK insurers stand with Government against cyber threat
17 November 2014
Leading insurers have committed to work with the UK Government to tackle the growing threat of cyber attacks…
International
US insurers predict gains through product development
17 November 2014
New products, geographic expansion and access to new distribution channels will drive profitable growth next year, according to a survey of US insurance and reinsurance professionals…
Berkshire Hathaway reports insurance gains
17 November 2014
Berkshire Hathaway posted a stronger insurance result in the third quarter, but overall company earnings dropped after writedowns on its investment in UK retailer Tesco…
Liberty Mutual grows Q3 profit
17 November 2014
US-based global insurer Liberty Mutual has reported net income for the third quarter of $US609 million ($700 million), up 26.6% on the corresponding period last year…
Catlin confident despite falling rates
17 November 2014
Catlin has reported a 2.9% drop in average weighted premium rates for the nine months to September 30, with rates for catastrophe-exposed business down 6.9%…
Falling reinsurance rates hit Hiscox
17 November 2014
Bermuda-based Hiscox says gross written premium fell to £1.36 billion ($2.45 billion) from £1.37 billion ($2.47 billion) in the nine months to September 30, due to declining reinsurance rates…
Brit benefits from specialty growth
17 November 2014
Acquisitions helped UK-based Brit lift gross written premium by 5% to £990.7 million ($1.8 billion) in the nine months to September 30…
UK terrorism pool set for shake-up
10 November 2014
Pool Re will hold an extraordinary general meeting on November 21 to consider UK Treasury proposals to reform the British terrorism pool…
Investment revenue drives AIG earnings rise
10 November 2014
US-based global insurer AIG’s net income grew 1% to $US2.19 billion ($2.53 billion) in the third quarter as investment earnings offset an underwriting loss in the property and casualty division…
Zurich forecasts soft phase
10 November 2014
Zurich warns prices may weaken after it posted a reduced general insurance operating profit in the third quarter…
Allianz ‘on right track’ as Q3 profit grows
10 November 2014
Allianz Group has reported revenue of €28.78 billion ($41.50 billion) for the third quarter, up 14.5% over the corresponding period last year…
Munich Re targets growth as profits rise
10 November 2014
Munich Re has reported third-quarter profits of €738 million ($1.07 billion), up from €630 million ($914 million) in the corresponding period last year…
Benign losses lift Swiss Re profit
10 November 2014
Swiss Re says net income for the first nine months of the year grew to $US3.26 billion ($3.77 billion) from $US3.24 billion ($3.75 billion) thanks to a benign period for natural…
Ebix Q3 profit surges
10 November 2014
Ebix has reported net income of $US18 million ($20.8 million) for the third quarter, up 37% on the corresponding period last year…
Hyperion and RKH to create ‘super independent’
10 November 2014
British insurance and reinsurance intermediaries Hyperion Insurance Group and RK Harrison Holdings are engaged in merger talks…
Weak currencies dent Asia-Pacific reinsurance spend
10 November 2014
Reinsurance premium spending in the Asia-Pacific region has fallen sharply, due partly to key currencies dropping against the US dollar, according to Marsh subsidiary Guy Carpenter…
Insurers face large bill following Asia disasters
10 November 2014
A cyclone that struck India last month and a string of other natural disasters across Asia will cost millions in claims, according to Aon Benfield-owned catastrophe modeller Impact Forecasting…
Hannover Re lifts Q3 profit by 21%
10 November 2014
German reinsurer Hannover Re says third-quarter net profit grew 21% to €251 million ($363 million)…
Beazley holds steady as rates dip
10 November 2014
Dublin-based Beazley says it has maintained gross written premium for the first nine months of this year, despite rate pressure…
Slowdown continues on US commercial rates
10 November 2014
US commercial insurance prices grew 1% last month, with industry barometer MarketScout forecasting rate rises will continue to slow…