04 February 2013
Most reinsurance programs have renewed at flat to slightly lower prices in the January 1 renewal season, as reinsurance capital rose to record levels, reinsurance brokers have reported…
04 February 2013
Global risk group Aon says its revenue increased 2% to $US11.5 billion ($11.03 billion) for the year to December 31…
04 February 2013
Global broker Arthur J Gallagher increased its profit by 35% to $US195 million ($186.7 million) in 2012 on strong organic growth and acquisitions…
04 February 2013
Ace increased its profit by 13% to $US2.6 billion ($2.5 billion) in 2012, despite $US502 million ($480.5 million) of pre-tax Superstorm Sandy losses in the fourth quarter…
04 February 2013
WR Berkley has reported a stronger fourth quarter, boosting its 2012 full-year result…
04 February 2013
Hyperion Insurance Group has reported revenue from continuing operations of £111 million ($169 million) for the year to last September 30 – up 42% on the previous year…
04 February 2013
Natural catastrophes caused $US65 billion ($62.4 billion) in insured losses last year, according to Swiss Re and Munich Re…
04 February 2013
There were 295 natural peril events worldwide last year, causing total economic losses of $US200 billion ($192 billion) and insured losses of $US72 billion ($69 billion), according to Impact Forecasting’s…
04 February 2013
The chance of enduring another year of losses comparable to 2011 is one in 15, according to catastrophe modeller AIR Worldwide…
04 February 2013
The International Association of Insurance Supervisors’ bid to regulate globally important insurers fails to present a clear view on systemic risk in the sector, resulting in incoherent measures…
04 February 2013
Early reports from UK motor insurance comparator sites suggest premiums have risen for women and held steady for men after the EU gender directive took effect in December…
04 February 2013
Funds raised through insurance-linked securities rose by 35% in 2012 as investors poured capital into a market that offered diversity and attractive returns…
04 February 2013
Superstorm Sandy is forecast to cost the insurance industry $US20 billion ($19.2 billion) – but it may not lead to a hard market…
04 February 2013
Economic and environmental risks need to be dealt with across a range of industries and organisations, according to industry experts speaking at the World Economic Forum’s latest global risk briefing…
04 February 2013
AIG has sold the last of its shares in Hong Kong-based AIA for $US6.45 billion ($6.2 billion), bringing total returns from the sell-down to $US35 billion ($33.67 billion)…
10 December 2012
A life insurance contract dispute between Berkshire Hathaway and Swiss Re appears to have spread to the general reinsurance business…
10 December 2012
American property and casualty insurers enjoyed a healthy third quarter but face insured losses of up to $US25 billion ($23.87 billion) following Hurricane Sandy, according to a Moody’s Investors Services report…
10 December 2012
UK flood insurance losses for the year are estimated at £1 billion ($1.53 billion), after torrential rain killed four people and damaged more than 1100 houses last month…
10 December 2012
Hong Kong’s insurance industry grew 10% in the first nine months of this year, taking gross written premium (GWP) to $US190.1 billion ($181.63 billion) – more than five times the size of the Australian…
10 December 2012
Small island nations have called for an insurance program covering climate change, as new data shows the Arctic sea ice melted at a record pace during the northern summer…