Think tank warns of challenges to global capital standard
14 October 2013
Controversial plans to introduce a risk-based global insurance capital standard will face “significant challenges”, according to the Geneva Association…
International
GFIA warns on global standards and supervision
14 October 2013
International regulation is at a key stage in its evolution, according to the Global Federation of Insurance Associations…
British insurers shake off the gloom
14 October 2013
UK general insurers feel mildly optimistic after business volumes and premium incomes gained over the northern summer, according to a survey…
September catastrophes cost $15.89 billion
14 October 2013
Global natural catastrophes caused economic damage of $US15 billion ($15.89 billion) last month, exposing a lack of insurance, according to Aon Benfield’s latest report…
Kaufmann takes Munich Re CRO role
14 October 2013
Munich Re has appointed Bernhard Kaufmann as Group Chief Risk Officer, effective from January 1…
American P&C premiums increase
14 October 2013
US property and casualty premium rates grew slightly last month, according to insurance exchange MarketScout…
Moody’s affirms XL Group ratings
14 October 2013
Moody’s Investors Services has affirmed its A2 insurance financial strength ratings on XL Group’s insurance subsidiaries…
Property premiums could drop 12% in US: Willis
14 October 2013
Global broker Willis expects US commercial property premiums on non-catastrophe-exposed risks to fall 10-12% next year…
Alternative capital is here to stay: Lloyd’s
07 October 2013
Lloyd’s predicts more syndicates backed by alternative capital will join the market as investor demand for new revenue streams grows…
Cat bonds near record high
07 October 2013
Global catastrophe bond issuance this year may beat the $US7 billion ($7.45 billion) record set in 2007, according to Guy Carpenter…
Protests grow as US continues cutting flood subsidies
07 October 2013
The US Federal Emergency Management Agency has attracted its own protest group, as further measures to phase out National Flood Insurance Program subsidies began last week…
EU proposes two-year delay to Solvency II
07 October 2013
The European Union is considering a further delay to Solvency II, to give supervisors, insurers and reinsurers enough time to prepare for the new regulatory regime…
Economic growth to lift premiums: Swiss Re
07 October 2013
Gradual global economic growth will raise premiums over the next couple of years, as insurers’ investment returns remain subdued, according to Swiss Re…
US P&C insurers increase profits
07 October 2013
US property and casualty insurers recorded a 42% rise in profit for the six months to June 30, as premiums increased and losses fell…
EU insurers gain from Singapore trade deal
07 October 2013
A free trade agreement between the European Union and Singapore will provide greater market access for European insurers, AM Best says…
Risk management framework ‘lacks flexibility’
07 October 2013
The Financial Stability Board’s risk management framework must consider the diversity of insurance business models, according to the Global Federation of Insurance Associations…
Investment decline cuts Lloyd’s profit
30 September 2013
Lloyd’s earnings fell 9.9% in the six months to June 30 as investment returns slumped…
Flood cover inquiry hears US affordability, mitigation fears
30 September 2013
Winding back flood insurance subsidies may lead consumers to cut cover and could cost people their homes, a US Senate inquiry has heard…
Third-party capital ‘benefits mutual insurers’
30 September 2013
The influx of third-party capital to the reinsurance market will bring major benefits for mutual insurers, according to Willis Re…
New York lays down law on force-placed cover
30 September 2013
Regulators in New York have proposed new force-placed insurance rules, after an investigation found homeowners were charged excessive premiums for involuntary cover…