Olympics and World Cup hosts face terror threat
03 February 2014
Brazil’s terrorism risk rating has increased from medium to severe in the lead-up to this year’s soccer World Cup, while Winter Olympics host Russia is also a potential target…
International
Europe, Asia dominate natural catastrophe losses
03 February 2014
Natural catastrophe losses fell last year and were skewed towards Europe and Asia rather than the US, with Germany registering the costliest insurance event…
BIBA unveils manifesto, price index
03 February 2014
The British Insurance Brokers’ Association has launched this year’s manifesto focusing on such key issues as access to insurance, a better regulatory system and improving public understanding…
Broker standards council launches in Britain
03 February 2014
The launch of a new broker standards group in the UK has drawn a swift response from established organisations such as the British Insurance Brokers’ Association…
Risk management has arrived: RIMS chief
03 February 2014
New Risk and Insurance Management Society President Carolyn Snow has predicted a profitable future for her industry…
UK flood subsidy pool faces delay
03 February 2014
Britain’s flood pool may not be ready to begin operations at its proposed start date of June next year, according to UK media reports…
QBE to send UK jobs overseas
03 February 2014
QBE is to reduce its UK workforce by offering redundancies and sending some jobs to the Philippines…
UK car insurance premiums drop 12.5%
03 February 2014
UK comprehensive car insurance policy prices fell 12.5% to average £644 ($1216) last year, but the pace of decline slowed in the fourth quarter, according to a pricing index…
Aon full-year profits rise
03 February 2014
Aon has reported a 12% rise in net income, earning $US1.1 billion ($1.26 billion) last year compared with $US993 million ($1.13 billion) in 2012…
US, UK recovery drives Arthur J Gallagher profit
03 February 2014
Arthur J Gallagher’s brokerage arm increased revenue by 22% in the fourth quarter, with Chairman and CEO J Patrick Gallagher citing growing optimism about economic recovery in the US and UK…
Ace reports record full-year profit
03 February 2014
Premium growth and fewer catastrophe losses helped global insurer Ace to a record profit of $US3.76 billion ($4.29 billion) last year, up 39%…
US growth lifts Chubb profit
03 February 2014
Chubb’s net profit grew 73% to a record $US2.3 billion ($2.63 billion) last calendar year thanks to higher premium growth in the US and lower claims…
US Treasury backs federal regulation
16 December 2013
Federal involvement in US insurance regulation is necessary in some areas, according to a Treasury report…
Lloyd’s chief Ward to join Brit Insurance
16 December 2013
Brit Insurance Holdings has appointed outgoing Lloyd’s CEO Richard Ward as Chairman, effective from February 1…
Swiss Re earns Moody’s upgrade
16 December 2013
Moody’s has upgraded Swiss Re’s insurance financial strength rating and senior debt rating…
Britain gets tough on whiplash rorts
16 December 2013
UK Chancellor George Osborne has announced a crackdown on whiplash insurance fraud…
Axis paves way for $800 million buyback
16 December 2013
Axis Capital has approved a $US750 million ($823 million) share buyback, as it extends a repurchasing program and returns funds to investors…
Dutch insurer Achmea cuts 4000 jobs
16 December 2013
The Netherlands’ largest general and health insurer has announced 4000 job cuts in a bid to adapt to customers’ online demands and maintain its “long-term financial health”…
Atlantic enjoys quiet hurricane season
16 December 2013
This year’s Atlantic hurricane season was “unusually quiet”, with the fewest recorded events since 1982, according to Willis Re…
European cyclone losses may pass $2 billion
16 December 2013
Insured losses from Cyclone Xaver in Europe will range from €700 million to €1.4 billion ($1.07 billion to $2.15 billion), according to catastrophe modeller AIR Worldwide…