E&Y predicts more southeast Asia opportunities
24 March 2014
Trade liberalisation is creating new opportunities in southeast Asia, but insurers should beware regulatory differences, according to an Ernst & Young global outlook report…
International
Reinsurers rise to capital challenge: Guy Carpenter
24 March 2014
Reinsurers’ traditional business model is under pressure from the growing influence of alternative market capacity, according to reinsurance broker Guy Carpenter…
Munich Re forecasts profits dip
24 March 2014
Munich Re is aiming for a profit of €3 billion ($4.58 billion) this year, down 9% on last year due to low interest rates and expectations of a higher tax bill…
Aviva publishes customer reviews
24 March 2014
Aviva has become the first UK insurer to publish customer claims reviews on its website…
Japan quake premiums increase
24 March 2014
Japanese earthquake insurance premiums will rise an average of 15.5% in July, according to AM Best…
American reinsurer profits soar
24 March 2014
US reinsurer profits increased more than 40% last year, according to Reinsurance Association of America underwriting results…
Regulator urges reform of UK add-on market
17 March 2014
The UK’s Financial Conduct Authority has called for reform of the general insurance add-on market, after a review found consumers being overcharged up to £200 million…
US CFOs keen to use alternative capital
17 March 2014
Most US insurance companies’ CFOs do not use alternative forms of capital for reinsurance but are open to doing so in future, according to a survey by consultants Towers Watson…
Premium gains lift Hannover Re profit
17 March 2014
Hannover Re’s earnings grew 5.4% to €895.5 million ($1.39 billion) last year, driven by increased non-life premiums…
Zurich to cut 800 staff globally
17 March 2014
Zurich Insurance has announced a reorganisation that will cut about 800 staff from its global workforce of 55,000…
Regulatory load puts pressure on Allianz
17 March 2014
Allianz has flagged increasing supervision, legislation and solvency requirements as challenges for the year ahead…
US P&C insurers record strong growth
17 March 2014
US property and casualty insurers increased their earnings by 54% last year, according to Moody’s…
LMA claims review wins praise
17 March 2014
Members of the Lloyd’s Market Association and the London and International Insurance Brokers Association have backed a review of Lloyd’s claims management…
Acquisitions drag on JLT Group profit
10 March 2014
Costs from acquisitions and a business transformation program caused JLT Group’s profit to drop marginally to £101.96 million last year…
Berkshire insurance earnings rise
10 March 2014
Berkshire Hathaway’s insurance earnings grew 28% to $US7.8 billion last year as all divisions except General Re posted gains…
Japanese snowstorms drive February payouts
10 March 2014
Deadly snowstorms in Japan have caused insured losses of about $US585 million, according to Impact Forecasting’s Global Catastrophe Recap for last month…
Willis Re chief flags risks for smaller reinsurers
10 March 2014
Traditional reinsurers must be wary of diversifying to survive amid fierce competition, Willis Re President Paddy Jago warns…
Gallagher appoints Australian to run Asia hub
10 March 2014
Arthur J Gallagher has set up an Asian hub and moved Australian executive Dick Heath from Sydney to Singapore to run it…
PPI drives caseload record at UK FOS
10 March 2014
The number of new complaints to the UK’s Financial Ombudsman Service grew 38% to a record high of 575,836 last year…
Scor P&C records strong year
10 March 2014
Scor’s global property and casualty gross written premium grew 8.3% to €4.8 billion last year.