China’s insurance market in transition, says AM Best
15 October 2012
Ratings agency AM Best says the Chinese insurance market is in a “state of transition”…
International
Regulator demands workable Solvency II timetable
15 October 2012
The European insurance regulator has called for a “clear and credible” timetable for implementing the Solvency II rules…
Aon launches risk-pooling practice
15 October 2012
Aon Risk Solutions has formed a risk-pooling practice to provide comprehensive property, casualty and employee benefits products for organisations involved in group purchasing…
UK regulatory chief admits failures
15 October 2012
UK Financial Services Authority Chairman Adair Turner has admitted numerous regulatory shortcomings in the organisation and praised the “twin peaks” model to be introduced next year…
Global rates firm in Q3, says Marsh
08 October 2012
Global insurance prices continued to rise in the third quarter of this year, according to the Marsh Risk Management Global Insurance Index…
Insurers recover from recent catastrophes, say regulators
08 October 2012
The worldwide insurance industry has been resilient in the face of the global financial crisis and last year’s catastrophes, according to the International Association of Insurance Supervisors…
Floods take toll in Asia and Europe
08 October 2012
Floods have become “one of the costliest perils across the globe”, according to Aon Benfield’s Global Catastrophe Recap for last month…
UK watchdog cracks down on car insurers
08 October 2012
Regulators are investigating the UK car insurance market amid concerns it is “not working well for motorists”…
Cunningham Lindsey gets new owner
08 October 2012
An investor group led by private equity firm CVC Capital Partners has taken a majority stake in global loss adjuster Cunningham Lindsey…
US insurers’ income jumps after fewer catastrophes
08 October 2012
US property/casualty insurers’ net income more than tripled to $US16.4 billion ($16 billion) in the first half of this year, as natural catastrophes eased…
Munich Re wants China quake support
08 October 2012
Munich Re has called on China to set up a catastrophe protection body similar to New Zealand’s Earthquake Commission…
American rates maintain growth
08 October 2012
US property and casualty rates rose 5% last month, the same as in August, according to information exchange MarketScout…
Munich Re, Ironshore ratings hold, Genworth doubtful
08 October 2012
Moody’s Investors Services has backed the financial strength of Munich Re and affirmed an Aa3 rating for the overall group, its US non-life reinsurance subsidiary and its German life subsidiaries…
Mega-earthquakes trigger smaller tremors globally
01 October 2012
Large earthquakes can trigger smaller ones globally for up to a week, according to US research that could prompt changes in catastrophe modelling…
No skirting gender pricing: ABI
01 October 2012
A European Union sexual discrimination ruling will see premium pricing change in the UK by the end of the year, according to the Association of British Insurers…
Munich Re set to launch ILS fund
01 October 2012
Munich Re is working towards the launch of an insurance-linked securities fund to manage third-party capital due to increasing interest from a wide range of investors…
UK general insurance complaints grow
01 October 2012
Complaints made against UK general insurance intermediaries soared in the first half of this year, Financial Services Authority figures show…
Ace buys in Indonesia
01 October 2012
Zurich-based Ace Group has acquired an 80% interest in Indonesian general insurer PT Asuransi Jaya Proteksi…
Howorth takes JLT Asia role
01 October 2012
JLT Group has appointed Duncan Howorth as the new CEO of JLT Asia, based in Hong Kong. He replaces Warren Merritt, who has left to “pursue other opportunities”…
AIR Worldwide sets up in Singapore
01 October 2012
US catastrophe modeller AIR Worldwide has opened an office in Singapore to service the Asian insurance markets, including Australia…