British insurer dials up a $4.6 million fine
08 July 2013
The UK Financial Conduct Authority has fined a mobile phone insurer more than £2.8 million ($4.68 million) for failing to deal with customer complaints…
08 July 2013
The UK Financial Conduct Authority has fined a mobile phone insurer more than £2.8 million ($4.68 million) for failing to deal with customer complaints…
08 July 2013
A “paradigm shift” in risk assessment methods is needed in the face of increasingly extreme weather events, according to the Geneva Association…
08 July 2013
AIG and GE Capital are to be among the first US groups designated systemically important non-bank financial institutions, after a 30-day appeal period passed…
08 July 2013
More than a quarter of UK general insurers are optimistic about the future, but only 3% have reported business volume growth since the March quarter, a survey shows…
08 July 2013
The global financial crisis has affected insurers’ ability to reach new customers, according to a report by Ernst & Young…
01 July 2013
Global insurance premiums are likely to rise at a moderate pace this year after returning to growth last year with a 2.4% increase, according to Swiss Re’s latest Sigma study…
01 July 2013
US property and casualty insurers’ net income after tax grew 41.2% to $US14.4 billion ($15.5 billion) in the first quarter of this year…
01 July 2013
Swiss Re has briefed investors on plans to reduce debt, cut costs and grow its dividend…
01 July 2013
The UK Government and the Association of British Insurers have signed a memorandum of understanding to develop a flood insurance pool…
01 July 2013
The British Insurance Brokers’ Association is seeking members’ views on its strategic review…
01 July 2013
Insurers are withdrawing from the Long Island homeowners’ market following Superstorm Sandy, despite many properties avoiding damage, US senator Charles Schumer claims…
01 July 2013
Fitch Ratings has affirmed Lloyd’s of London’s insurer financial strength rating at A+ and revised its outlook from stable to positive…
01 July 2013
AM Best has upgraded its financial strength and issuer credit ratings on Ironshore and affiliated operating companies…
01 July 2013
The US Federal Claims Court has allowed former AIG Chairman and CEO Hank Greenberg to continue legal action against the US Government over its bailout of the insurer in 2008…
24 June 2013
Capital management challenges and increased regulatory constraints are among the leading concerns for insurance executives, according to a global survey by risk consultants Towers Watson…
24 June 2013
Insured losses from devastating floods in Germany could be between €4 billion and €5.8 billion (($5.74 billion to $8.32 billion), according to catastrophe modeller AIR Worldwide…
24 June 2013
European insurers’ gross written premium grew 1.6% to €1114 billion ($1572 billion) last year…
24 June 2013
The Risk and Insurance Management Society has backed New York City Council’s bid for a long-term extension to the Terrorism Risk Insurance Act…
24 June 2013
The long-term guarantee package under Europe’s proposed Solvency II reforms should deliver a high level of policyholder protection, according to a new report…
17 June 2013
Governments could reduce the human and economic costs of natural catastrophes by working more closely with the insurance industry, the Geneva Association says…