12 November 2012
Rate rises and fewer catastrophes helped Allianz lift profit by 87% to €4.2 billion ($5.1 billion) for the nine months to September 30, with strong performances from the property/casualty…
12 November 2012
Berkshire Hathaway’s insurance pre-tax earnings fell 58% in the September quarter to $US1.58 billion ($1.51 billion), mainly due to a $US1.47 billion ($1.41 billion) turnaround in reinsurance earnings…
12 November 2012
A lull in natural catastrophes has enabled diversified insurer XL Group to post $US569.6 million ($547.35 million) in net income for the first nine months of the year, more than half a billion dollars…
12 November 2012
The British Insurance Brokers’ Association will review its board governance, how effectively it works with other industry associations and development of a compulsory code of conduct for members…
12 November 2012
The insurance bill for US crop claims stemming from the prolonged drought could exceed $US25 billion ($24 billion), according to new government figures…
12 November 2012
Insured losses from Huricane Sandy could match or even exceed the devastation caused by Hurricane Katrina, according to Willis Chairman and CEO Joe Plumeri…
12 November 2012
US property and casualty rates increased 4% in October, according to US insurance exchange MarketScout…
05 November 2012
Insured losses from post-Tropical Cyclone Sandy, which hit the US east coast last week, are estimated at up to $US20 billion ($19.2 billion)…
05 November 2012
Global reinsurance capacity is at near-record levels and reinsurers are increasing their appetite for Asia-Pacific catastrophe risk despite the trauma of last year, according to Guy Carpenter’s latest…
05 November 2012
The British Insurance Brokers’ Association has launched a template to help homeowners present their flood risks to insurers…
05 November 2012
Former RSA Insurance Group CEO Andy Haste has been appointed one of three deputy chairmen on the Lloyd’s Council…
05 November 2012
AIG’s third-quarter result completes an “extraordinary comeback” from the depths of the global financial crisis and a $US182 billion ($176 billion) US taxpayer bailout, CEO Robert Benmosche says…
05 November 2012
Global insurer Allianz has reported an operating profit of €2.5 billion ($3.1 billion) for the third quarter, up from €1.9 billion ($2.36 billion) in the corresponding period last year…
05 November 2012
Boston-based insurer Liberty Mutual has delivered a $US1 billion ($965 million) turnaround in nine-month net income, although Hurricane Sandy is poised to damage future results…
05 November 2012
Arthur J Gallagher says it remains on course to exceed its full-year net earnings estimate by “low to mid-single digits”…
05 November 2012
Macquarie Bank is winding up its UK cashflow lending business to insurance brokers, blaming market conditions in Britain…
05 November 2012
Insurance brokers should not have to pay for the mistakes of insolvent credit brokers, the British Insurance Brokers’ Association says…
29 October 2012
Pricing in the January 1 reinsurance renewals is expected to be relatively flat, delegates at the Baden-Baden meeting have heard…
29 October 2012
Britain’s new insurance regulator has identified two statutory objectives for supervising insurers: to promote their safety and soundness and to work to secure appropriate protection for policyholders…
29 October 2012
Hurricane Sandy, which is heading for the northeast coast of the US, has already caused up to $US2 billion ($1.93 billion) of property damage in Cuba…