22 July 2013
European insurers are increasingly investing in illiquid asset classes such as private loans, as they try to raise investment returns amid low interest rates and heightened regulation, according to Moody’s…
22 July 2013
Moody’s Investors Service has affirmed its ratings on Zurich Insurance, based on the company’s strong market position in a range of countries and its business and geographic diversification…
22 July 2013
The UK’s Financial Ombudsman Service received 159,197 complaints in the three months to June 30, up 179% on the corresponding period last year…
15 July 2013
Hard market conditions forced up the cost of risk last year, according to the Risk and Insurance Management Society Benchmark Survey…
15 July 2013
The UK’s Financial Conduct Authority will hold a review into insurance “add-on” products that are often sold with holidays, cars and gadgets…
15 July 2013
Estimates of insured loss assessments for floods that hit Germany and neighbouring countries in May and last month have revealed wide discrepancies…
15 July 2013
Floods caused almost half of all worldwide natural catastrophe losses in the first half of this year, according to Munich Re…
15 July 2013
Winter storms in New Zealand were among dozens of natural catastrophes to strike last month, according to Aon Benfield’s latest report…
15 July 2013
Insurance losses from flooding in central and eastern Europe could be between $US3.5 billion and $US4.5 billion ($3.8 billion and $4.9 billion), according to Swiss Re…
15 July 2013
Regulatory and legislative pressures are the most significant barriers to growth in the US, according to most respondents in this year’s KPMG Insurance Industry Survey…
15 July 2013
Interest rate rises have revealed a major dilemma for the US property and casualty sector, according to a report by ratings agency Moody’s…
15 July 2013
International loss adjuster McLarens (formerly McLarens Young International) has acquired Agrical as part of its expansion in the UK commercial claims market…
08 July 2013
Richard Ward will resign as CEO of Lloyd’s at the end of December after almost eight years in the role…
08 July 2013
The reinsurance market’s capital structure is changing as investors grow more comfortable with alternative financing vehicles, according to Guy Carpenter…
08 July 2013
US personal lines rates increased by an average of 4% last month as insurers prepared for an active hurricane season…
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…