24 September 2012
The US Government should extend its Terrorism Risk Insurance Program beyond the end date of December 31 next year or face the curtailment of cover by private insurers, according to Aon Benfield…
24 September 2012
UK insurers and brokers have pushed back against tighter supervision by their regulator…
24 September 2012
Brian Duperreault will stand down as president and CEO of Marsh & McLennan at the end of the year, to be replaced by current Group President and COO Daniel Glaser…
24 September 2012
Royal & Sun Alliance has lost patience with the UK mid-market car insurance business, announcing plans to exit the sector early next year…
24 September 2012
The developing world is a major source of potential growth for insurance, according to the latest Allianz Global Wealth Report…
17 September 2012
The US Government’s $US182 billion ($172.18 billion) rescue package of troubled insurer AIG has been repaid, plus change, in a windfall for taxpayers…
17 September 2012
The British Government is considering “a number of options” on the progress of the country’s new flood insurance program…
17 September 2012
A shift to catastrophe reinsurance is making it increasingly hard for reinsurers to diversify their income streams, according to reinsurance broker Aon Benfield…
17 September 2012
UK Insurance, part of the Royal Bank of Scotland, prompted the most general insurance complaints to Britain’s Financial Ombudsman Service in the first half of this year…
17 September 2012
The US Terrorism Risk Insurance Program should be made permanent or given a long-term extension, Insurance Information Institute President Robert Hartwig says…
17 September 2012
Google’s UK car insurance price comparison site has become the second most visible in the sector…
17 September 2012
AIA Group is in line to buy the Malaysia and Thailand insurance businesses of Dutch bank ING, according to reports…
17 September 2012
Risk Management Solutions (RMS) estimates Hurricane Isaac caused insured losses of $US1 billion to $US2 billion ($954 million to $1.91 billion)…
17 September 2012
The UK has launched an insurance fraud register featuring details of all known offenders…
17 September 2012
Moody’s has given the US property and casualty insurance sector a stable outlook, with reserve releases and rate rises compensating for poor investment returns and “macro-economic weakness”…
10 September 2012
On the eve of the annual Reinsurance Rendezvous in Monte Carlo, Aon Benfield has reported that reinsurance capital in the industry has hit record levels…
10 September 2012
Insured losses from floods have increased from $US1-2 billion in 1970 to $US15 billion in 2011, according to a Swiss Re report…
10 September 2012
The UK Financial Services Authority has declared war on sales incentives – a move hailed by brokers…
10 September 2012
US hurricane risks are behind the boom in insurance-linked securities, according to a report from Aon Benfield Securities…
10 September 2012
The US Gulf Coast suffered its first hurricane landfall since 2008 when Hurricane Isaac brought a 4.57-metre storm surge, inland flooding and powerful winds causing billions of dollars of damage last month…