Commercial prices steady as US insurers fight for business
03 November 2014
The US commercial property and casualty market stabilised in the third quarter, according to the Council of Insurance Agents & Brokers…
International
Willis negotiates ‘market headwinds’
03 November 2014
Willis Group has reported a net loss of $US7 million for the third quarter, improving on a $US27 million loss in the corresponding period last year…
Gallagher salutes ‘excellent’ third quarter
03 November 2014
Arthur J Gallagher says third-quarter revenue grew 53.9% to $US1.29 billion, partly driven by acquisitions in Australia and New Zealand…
Diversification pays off for Axis
03 November 2014
Axis says low catastrophe losses, favourable reserve development and the value of diversification helped the company more than double its third-quarter profit to $US279.1 million…
Profit slumps at XL Group
03 November 2014
XL Group has reported a net profit of $US72.4 million for the third quarter, down sharply from $US135.6 million in the corresponding period last year…
Arch doubles Q3 profit
03 November 2014
Bermuda-based insurer and reinsurer Arch Capital has reported third-quarter net income of $US223.19 million – more than double the $US109.34 million it made in the corresponding period last year.
Reinsurance industry must ‘adapt to winds of change’
27 October 2014
Reinsurance market conditions do not necessarily represent doom and gloom, according to Guy Carpenter Europe Middle East and Africa Operations CEO Nick Frankland…
China to run natural disaster program
27 October 2014
The Chinese Government will establish a natural catastrophe insurance scheme by 2017…
Insurers slow to acknowledge climate risks, US report shows
27 October 2014
US insurers are mostly unprepared for climate change and are not taking the issue seriously enough, according to a report by advocacy group Ceres…
Multiline insurers to strengthen: S&P
27 October 2014
Global multiline insurers will further strengthen capitalisation next year thanks to their diverse income sources and wide geographical reach, Standard & Poor’s says…
Willis tips US commercial property rates to fall
27 October 2014
US commercial property insurance rates are expected to fall 10-15% across non-catastrophe-exposed and catastrophe-exposed risks, according to global broker Willis Group…
Strong risk policies lift corporate results: Aon
27 October 2014
Companies with sound risk management practices achieve better financial results, according to the Aon Risk Maturity Index Insight Report…
WR Berkley profit soars
27 October 2014
US-based insurer and reinsurer WR Berkley has reported third-quarter net income of $US188.54 million ($214.07 million), up 38% on the corresponding period last year…
Ace Q3 earnings decline
27 October 2014
Ace says third-quarter net income fell 14.2% to $US785 million ($894 million) following losses related to annuity reinsurance accounting…
Chubb books higher Q3 profit
27 October 2014
Chubb’s third-quarter net profit improved 9.8% to $US594 million ($675 million), lifted by a solid underwriting performance and low catastrophe losses…
Cat expenses dent Allied World earnings
27 October 2014
Allied World says third-quarter net profit fell to $US30.9 million ($35.2 million) from $US122.8 million ($139.7 million) amid increased catastrophe expenses and lower…
Ebola claims may hit US insurers
20 October 2014
Ebola cases in the US could affect workers’ compensation schemes, with healthcare staff at greatest risk, the Insurance Information Institute says…
S&P cools on Lloyd’s outlook
20 October 2014
Standard & Poor’s has affirmed Lloyd’s insurer financial strength rating at A+ (strong), but downgraded its outlook to stable from positive…
Indonesia passes ‘nationalist’ insurance law
20 October 2014
Indonesia has tightened its rules on insurer ownership with passage of the New Insurance Law…
Insurers see threats from all sides
20 October 2014
About one-third of insurance executives view e-commerce groups such as Google and Amazon as their main external threat, a new survey shows…