Axis posts fall in profit
04 November 2013
Bermuda-based Axis Capital Holdings has reported a 39% drop in third-quarter profit…
International
Liberty profits rise as personal premiums pick up
04 November 2013
Liberty Mutual Holding Co says profit grew 17% to $US1.25 billion ($1.32 billion) in the first nine months of this year…
XL profit defies surge in catastrophe costs
04 November 2013
XL Group says profit grew to $US759.14 million ($800.19 million) in the nine months to September, up 33% despite a higher catastrophe bill…
Arch reinsurance profit jumps
04 November 2013
Arch Capital Group has recorded a substantial increase in reinsurance income for the nine months to September 30…
UK storm damage may reach $846 million
04 November 2013
Windstorm Christian caused up to £500 million ($846 million) of damage in the UK, according to Willis Re…
Risk professionals fear losing US terrorism cover
04 November 2013
Nearly one-quarter of risk professionals believe affordable terrorism coverage will be wiped out in the US after the Terrorism Risk Insurance Act expires next year…
Natural catastrophes hit emerging nations hardest
04 November 2013
Emerging economies often have substantial capital bases but are hit particularly hard by natural disasters because they lack the resources and expertise to protect their assets, according to Munich Re…
Insurer brings call centre jobs back from India
28 October 2013
British insurer RSA will partly reverse its offshoring strategy by closing Indian call centres and moving all 350 customer-facing jobs in claims, sales and servicing back to the UK…
UK brokers welcome action on whiplash fakes
28 October 2013
The British Insurance Brokers’ Association has backed a government plan for independent medical panels to assess whiplash injuries…
Aon increases Q3 profit
28 October 2013
Global broker Aon’s net income grew to $US256 million ($267 million) in the third quarter, up 25% on the corresponding period last year…
Ace reports record quarter as margins improve
28 October 2013
Ace Insurance says margin improvement in North America helped deliver a record third-quarter profit and a combined ratio of 86.5% for the nine months to September 30…
Chubb income rises in Q3
28 October 2013
US insurer Chubb has reported third-quarter net profit of $US541 million ($562 million), up 1.5% on the corresponding period last year…
Premium gains lift WR Berkley profit
28 October 2013
WR Berkley says third-quarter earnings grew 36% to $US136.97 million ($141.81 million) as revenues increased…
Geneva Association warns governments on climate change
28 October 2013
Governments must act fast to improve disaster resilience, the Geneva Association has warned…
Worldwide brokerage industry ‘remains healthy’
28 October 2013
The global broking industry has received a strong report card from Moody’s Investor Services…
UK ombudsman flooded with credit insurance complaints
28 October 2013
The UK Financial Ombudsman Service has been forced to hire more staff and increase its fees to cope with a 92% increase in new cases last financial year…
M&A values rise in developing markets
21 October 2013
The number of mergers and acquisitions in emerging markets is steady but the sums involved are rising as insurers look to such regions for expansion, according to a Guy Carpenter research bulletin…
British regulator reports fewer insurance complaints
21 October 2013
Insurance-related complaints to the UK Financial Conduct Authority fell 15% in the first half of this year, but still accounted for the largest number of grievances reported to the regulator…
Uncertainty remains as Europe recovers
21 October 2013
Europe’s general insurers still face challenges despite an improved economic environment, according to a report from AM Best…
Florida backs Mississippi’s flood premium lawsuit
21 October 2013
The US state of Florida will file a brief supporting Mississippi’s court appeal against Federal Government increases in flood insurance rates…