02 September 2013
Reinsurers are increasingly entering capital market partnerships as financial investors’ abundant capacity puts pressures on prices and drives “thinner” underwriting profits, according to a report by AM Best…
02 September 2013
The Bermuda Monetary Authority has reported an 81% increase in new insurer registrations…
02 September 2013
Moderate rate gains will push US property and casualty commercial insurance underwriting margins into favourable territory over the next year to 18 months, according to ratings agency Moody’s…
02 September 2013
The US National Association of Insurance Commissioners has passed a resolution backing the renewal of the Terrorism Risk Insurance Act…
02 September 2013
The cost of salvaging the Costa Concordia has spiralled to more than €500 million ($742 million)…
26 August 2013
Disasters have killed 7000 people and led to insurance industry losses of $US20 billion ($22.15 billion) in the first half of this year, according to Swiss Re…
26 August 2013
Extra capital supplied to the insurance market through the Willis Global360 sidecar will be credit-negative for Lloyd’s participants because of its impact on rates, according to ratings agency Moody’s…
26 August 2013
The UK Government’s proposed flood insurance scheme may not be sustainable because it does not account for climate change, a submission from the London School of Economics warns…
26 August 2013
Rapid urbanisation and rising sea levels will expose coastal cities to costly and dangerous flooding, according to a new study…
26 August 2013
Global insurer Willis is supporting a world record attempt in the Antarctic, to aid climate change research…
26 August 2013
Lloyd’s aims to strengthen its presence in China by opening an underwriting office in Beijing…
26 August 2013
Veteran insurance figure Joe Plumeri has joined investment bank Kohlberg Kravis Roberts as a senior adviser, a month after retiring as chairman of Willis…
26 August 2013
Lloyd’s insurer and reinsurer Amlin has reported a slump in first-half profit after European floods pushed up catastrophe losses…
26 August 2013
US insurers delivered strong earnings growth in the second quarter, mostly due to lower catastrophe losses…
26 August 2013
Regulators should consider requiring home lenders and mortgage insurers to align their interests, to stop mortgage insurance stress and failure, according to the international supervisory Joint Forum…
19 August 2013
The UK Government’s proposed flood cover scheme needs more work, according to the British Insurance Brokers’ Association…
19 August 2013
Zurich has reported net income of $US1.85 billion ($2.01 billion) for the first half of this year, down 17% from $US2.23 billion ($2.43 billion) in the corresponding period last year…
19 August 2013
AIG has rehired former executive Kevin Hogan to be CEO of its expanded Global Consumer Insurance business…
19 August 2013
Lloyd’s has put a video and a written collection of historic milestones on its website to celebrate its 325th anniversary…
19 August 2013
US property and casualty insurance fraud costs $US32 billion ($35 billion) a year, according to the Insurance Information Institute…