Investments turn a profit for Ecclesiastical
25 March 2013
Ecclesiastical Insurance has reported a £27.6 million ($40.1 million) profit for last year, driven by strong returns on investments…
International
More countries gaining stability: Aon
25 March 2013
Global political risk is decreasing, according to Aon…
British brokers suffer another PPI hit
25 March 2013
UK brokers have been hit with an additional £16 million ($23.28 million) bill for the Financial Services Compensation Scheme…
Insurers weather Sandy’s impact
25 March 2013
Superstorm Sandy’s impact on insurance markets “will not be devastating”, according to Marsh…
Munich Re remains optimistic for year ahead
18 March 2013
Munich Re is targeting a profit of almost €3 billion ($3.81 billion) this year and has forecast a sideways shift in the reinsurance renewals of April and July…
BIBA announces new CEO
18 March 2013
The British Insurance Brokers’ Association has appointed Steve White as CEO…
Allianz to concentrate on operations
18 March 2013
Low interest rates have forced Allianz to focus on technology, people and distribution, according to Board of Management Chairman Michael Diekmann…
Swiss Re looks to growth as rates firm
18 March 2013
Swiss Re will divert more capital to the property and casualty business as rates firm, according to Chairman Walter Kielholz…
Insurers must act on growing threat of tornadoes
18 March 2013
Tornadoes represent a serious and increasing threat to the insurance industry in the US, a new report from Lloyd’s warns…
Impact Forecasting unveils cat models
18 March 2013
Impact Forecasting has launched a new suite of catastrophe models focusing on historic and hypothetical events…
Insured losses from US drought soar
18 March 2013
Insured crop losses from the US drought could reach $US17 billion ($16.4 billion), according to a Munich Re report…
P&C income increases 50% in US
18 March 2013
US property and casualty insurers reported a 50% rise in net income last year on lower catastrophe losses and higher earned premiums, according to Moody’s…
ABI calls for crackdown on UK ‘whiplash epidemic’
18 March 2013
The UK must shake off its reputation as the whiplash capital of Europe, the Association of British Insurers says…
JLT increases profit by 20%
11 March 2013
International broker JLT Group will continue to recruit for its specialty business, CEO Dominic Burke says…
Australian cedants help Hannover Re to record profit
11 March 2013
Hannover Re has posted a record net profit for the year to December 31, thanks to strengthened rates, improved investment conditions and fewer natural catastrophes…
Scor reports strong year
11 March 2013
French reinsurance group Scor recorded net income of €418 million ($534 million) in the year to December, up 26.7% on lower natural catastrophe exposures and solid investment returns…
US storms fail to flatten industry
11 March 2013
Four fierce storms hit the US last month but insured losses were “lower than might have been expected”, according to Aon Benfield subsidiary Impact Forecasting…
Doyle’s star rises at Dual
11 March 2013
Underwriter Dual has expanded the role of former Zurich Australia CEO Shane Doyle, appointing him CEO of Dual UK and Group Chief Underwriting Officer…
Claims data should be public: FSA
11 March 2013
UK insurers may be forced to publish claims data under proposals by the outgoing financial regulator…
American commercial and personal rates rise
11 March 2013
US commercial and personal line rates rose last month, but the markets are still categorised as flat by insurance exchange MarketScout…