Growing competition dents premium growth
11 May 2015
Primary insurance premiums in the industrialised economies are expected to come under pressure amid a more competitive landscape, according to Munich Re’s annual Insurance Market Outlook…
International
PartnerRe takeover battle turns hostile
11 May 2015
The two-way battle for control of Bermudan reinsurer PartnerRe has turned hostile, with Italian investment group Exor pressing ahead with its offer despite being rejected…
Pressure on as Solvency II nears
11 May 2015
Insurers will remain cautious when managing capital in the lead-up to the January 1 implementation of the Solvency II European regulatory system, Moody’s says…
Nepal quake insurance losses will be low
11 May 2015
Initial economic losses from the Nepal earthquake may exceed $US5 billion, according to Impact Forecasting’s global catastrophe report for last month…
Zurich seeks improvement after Q1 profit dip
11 May 2015
Zurich Insurance Group says it must do better following a 4% fall in first-quarter net profit to $US1.22 billion…
Munich Re first-quarter profit slides
11 May 2015
Munich Re has reported first-quarter net profit of €790 million, down 16% on the corresponding period last year…
Ebix reports rising income
11 May 2015
Insurance technology specialist Ebix has reported first-quarter net income of $US18.3 million, up 19% on the corresponding period last year…
More pressure on reinsurance rates as capital keeps pouring in
11 May 2015
Reinsurance rates will face downward pressure for the rest of the year as capital continues to flow into the market, according to Willis Re’s latest market report…
Hannover Re confident as net profit grows
11 May 2015
Hannover Re’s net profit grew 20.1% to €279.7 million in the first quarter of this year…
Beazley reports bright spots amid ‘very competitive’ market
11 May 2015
Dublin-based specialist insurer Beazley says gross written premium increased 6% to $US546 million in the March quarter…
US rates remain flat
11 May 2015
Rates for US property and casualty insurance were flat last month compared with the corresponding period last year, according to analyst MarketScout…
Crawford & Co cuts costs
11 May 2015
Fewer severe weather claims have shifted claims manager Crawford & Company’s business mix, driving it to reduce costs after first-quarter profit fell by more than half…
Reputational damage tops Aon’s global risk chart
04 May 2015
Damage to brand or reputation is for the first time the leading risk facing businesses worldwide, according to Aon…
Nepal quake damage tipped to pass $12 billion
04 May 2015
The Nepal earthquake may generate more than $US10 billion ($12.79 billion) in economic losses, according to the US Geological Survey…
Currency movements restrict Aon growth
04 May 2015
Aon has reported a tepid 1% rise in first-quarter net profit, with unfavourable currency changes affecting revenues…
Marsh & McLennan rides out currency hit
04 May 2015
Marsh & McLennan’s first-quarter net profit grew 8.8% to $US482 million ($613.7 million), as higher operating income offset the negative impact of currency movements…
Willis happy with first quarter in ‘uneven’ market
04 May 2015
Global broker Willis Group Holdings has reported net income of $US210 million ($264 million) for the first quarter of this year, down 15% on the corresponding period last year…
JLT expects US trading loss this year
04 May 2015
JLT says it has made a positive start to the year, with a trading performance in line with expectations…
XL finalises Catlin takeover
04 May 2015
XL has completed the acquisition of Catlin following regulatory and shareholder approvals…
US paves way for cyber breach transparency
04 May 2015
The US House of Representatives has passed bills extending liability protection for companies that share information about cyber attacks…