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…
International
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…
Alberta flood costs top $1.7 billion
30 September 2013
Insured losses from the Alberta floods have exceeded $C1.7 billion ($1.76 billion), making them Canada’s costliest natural disaster…
Colorado floods cause $2 billion of damage
30 September 2013
Floods in Colorado have caused more than $US2 billion ($2.13 billion) of economic damage, according to catastrophe risk modeller Eqecat…
UK brokers attack flood insurance plans
30 September 2013
Future broking leaders have delivered a damning verdict on part of the UK’s proposed levy-funded flood reinsurance pool for high-risk households…
US reform to remove state barriers
30 September 2013
The US insurance industry has welcomed government moves to create the National Association of Registered Agents and Brokers, to streamline insurance across state borders…
Auto price rises to boost Japan profits: Moody’s
30 September 2013
Auto cover premium gains and consolidation benefits could raise Japanese property and casualty insurer profits, according to a report by Moody’s Investors Service…
Aon shuffles leadership pack
30 September 2013
Aon has announced a raft of management appointments to “guide clients through changing times”…
Catlin launches online portal for coral reef studies
30 September 2013
Catlin has made its research on the world’s coral reefs freely available through the online Global Reef Record…
JLT and Towers Watson merge reinsurance operations
23 September 2013
JLT has acquired the reinsurance brokerage business of Towers Watson for $US250 million ($266 million), creating “a new force” in the international market…