Cyber cover should be standard practice: Munich Re
03 December 2012
Munich Re has added to the growing chorus of warnings about cyber risks, saying companies must consider the threat of turnover losses and reputational damage…
International
Smartphone app rates driver safety
03 December 2012
Self-professed “good drivers” can now put their skills to the test, with a smartphone application developed by UK insurer Aviva…
Regulations squeezing brokers, BIBA warns
03 December 2012
The British Insurance Brokers’ Association says some members may withdraw from personal lines insurance sectors because of the high cost of meeting regulations proposed in the Financial Services Bill…
AIG jumps on China bandwagon with PICC
26 November 2012
The People’s Insurance Company of China is to list on the Hong Kong stock exchange after securing $US1.85 billion ($1.78 billion) in pledges from investors…
Tokio Marine cuts full-year profit forecast
26 November 2012
Japanese insurer and reinsurer Tokio Marine Holdings has issued a full-year profit warning following losses from Hurricane Sandy…
HSBC wants out of Ping An
26 November 2012
HSBC is in negotiations to sell its 15.6% stake in China’s second-largest insurer Ping An for about $US9.6 billion ($9.23 billion) – with Thai group Charoen Pokphand reportedly interested in buying…
India aims to raise foreign investment cap
26 November 2012
The Indian Government hopes to pass a bill further opening its insurance sector to foreign investors within the next month, according to Indian media reports…
Challenges ahead, marine underwriters warn
26 November 2012
Marine insurers will be hit by low interest rates and a weak global economy, according to American Institute of Marine Underwriters Chairman Robert Gallagher…
Scottish independence could harm insurers: BIBA
26 November 2012
Some insurers could lose market share if Scotland votes for independence next year, the British Insurance Brokers’ Association has warned…
Sandy second only to Katrina in insured losses
19 November 2012
Hurricane Sandy continues to take its toll, with latest estimates putting insured losses at $US20-25 billion ($19.3-24.1 billion)…
Zurich falls on German GI writedown
19 November 2012
Zurich says pricing discipline and a strong focus on portfolio management contributed to a rise in business operating profit for the nine months to September, although a writedown of its German…
Catlin GWP rises 8%
19 November 2012
Lloyd’s insurer Catlin has posted solid figures for the nine months to September 30…
Scor Re delivers improvement
19 November 2012
French reinsurer Scor Re has recorded strong results for the first nine months of the year, with net income of €318 million ($393 million), up from €228 million ($282 million) in the previous corresponding…
Travis Atkinson to run IAG’s Malaysian joint venture
19 November 2012
AmBank Group has appointed Travis Atkinson as CEO of IAG’s Malaysian joint venture partners, AmG Insurance and Kurnia Insurans (Malaysia)…
UK skills gap closes, but concerns remain
19 November 2012
Skills shortages in the UK have eased but most insurers are still vexed by the issue, according to the Chartered Insurance Institute…
Insurance Hall of Fame candidates named
19 November 2012
Candidates for next year’s selection to the International Insurance Society Hall of Fame have been announced…
Munich Re raises its profit target
12 November 2012
Munich Re has lifted its full-year profit guidance off the back of encouraging third-quarter figures…
Benign nat cat environment helps Swiss Re to strong Q3
12 November 2012
Swiss Re has posted a net profit of $US2.2 billion ($2.1 billion) for the third quarter, up from $US1.3 billion ($1.2 billion) in the corresponding period last year, boosted by the sale of its US Admin Re…
Hannover Re Q3 healthier on rate rises, fewer catastrophes
12 November 2012
Hannover Re achieved a major improvement in profit for the nine months to September 30 thanks to fewer catastrophes and hardening rates…
Marsh & McLennan profit grows 24%
12 November 2012
Diversified insurance group Marsh & McLennan increased third-quarter net income 24.4% to $US917 million ($880 million) compared with the corresponding period last year…