Oklahoma tornado ends relatively benign year for twisters
27 May 2013
Insurance claims of over $US2 billion are forecast from the deadly tornado that ripped through a suburb of Oklahoma City in May…
International
US Congress considers ending reinsurance tax benefit
27 May 2013
Plans to end a reinsurance tax loophole used by foreign-controlled insurers operating in the US are “short-sighted”, an industry group has claimed…
EIOPA issues Solvency II preparation guide
27 May 2013
The European Insurance and Occupational Pensions Authority is seeking feedback on its guide to preparations for the Solvency II reforms…
TRIA renewal proves a hot topic in US
27 May 2013
Uncertainty over the future of terrorism insurance has sparked a fierce debate in the US…
Tokio Marine raises profit and enters alliance talks
27 May 2013
Tokio Marine Holdings has reported a rise in annual profit, driven by its overseas business and domestic life insurance…
Hurricane experts predict active Atlantic, peaceful Pacific
27 May 2013
The Atlantic hurricane season will be active or extremely active this year, according to a National Oceanic and Atmospheric Administration forecast…
Risk is a driver of growth, Aon says
27 May 2013
Business leaders should view risk as a route to prosperity, according to Aon President and CEO Greg Case…
Hollard joins forces with Etana
27 May 2013
The Hollard Group is to acquire South African insurer Etana Insurance and become “a major force” in the South African industry…
Airlines and insurers enjoy safe year
27 May 2013
Airline insurers turned profits at the end of last year despite cutting prices to meet premium targets, according to Aon Risk Solutions…
India joins international regulatory scheme
27 May 2013
India has signed up to the International Association of Insurance Supervisors’ minimum standards document…
US insurance commissioners reject ComFrame
20 May 2013
The proposed global common framework on insurance supervision is too prescriptive and will not be accepted in the US, the National Association of Insurance Commissioners says…
Munich Re predicts period of growth
20 May 2013
The global insurance sector is set for strong growth until 2020, according to a new report from Munich Re…
Middle East and Africa dominate terrorism risk map
20 May 2013
Almost half of the 200 countries featured on this year’s Terrorism and Political Violence Map have identifiable risk, Aon Risk Solutions says…
Talks continue as UK flood cover deadline nears
20 May 2013
The future of UK flood insurance remains uncertain after insurers and the Government failed to reach a new agreement in last-minute talks…
Allianz celebrates record quarter
20 May 2013
Allianz has reported record-high revenue and a 20% increase in operating profit to €2.8 billion ($3.66 billion) for the first quarter…
Low interest rates hit Zurich Q1 profit
20 May 2013
Zurich Insurance Group has reported a 7% drop in after-tax profit to $US1.07 billion ($1.09 billion) for the first quarter, after weak investment markets offset a strong underwriting performance…
Scor posts solid result
20 May 2013
Scor says net profit grew 7% to €111 million ($145.6 million) in the first quarter – a good result in an uncertain economic environment, according to the reinsurer…
RIMS supports terror legislation extension
20 May 2013
The Risk and Insurance Management Society has backed an attempt to extend the US Terrorism Risk Insurance Act for another 10 years…
UK brokers announce strategic review results
20 May 2013
The British Insurance Brokers’ Association has revealed the first recommendations of a strategic review that aims to make it “a top-tier trade association capable of meeting the challenges of the 21st century”…
Regulator scrutinises UK claims process
20 May 2013
Consumer complaints about UK personal lines claims have prompted a strategic review of the sector by the Financial Conduct Authority…