AIG sells more of AIA
10 September 2012
AIG has sold almost 600 million AIA shares for $US2.02 billion ($1.94 billion)…
International
Lloyd’s appoints new global director
10 September 2012
Lloyd’s has appointed former Zurich CEO of Global Corporate Asia-Pacific Vincent Vandendael as Director, International Markets…
Dual rebrands in the Americas
10 September 2012
UK-based underwriter Dual says its US and Latin American businesses will adopt the Dual name from October 1…
Swiss insurers avoid new regulations
10 September 2012
The Swiss financial services regulator will allow insurers “breathing space” on solvency requirements, as low interest rates continue to hit investment income…
US rates climbing, MarketScout says
10 September 2012
US rates are continuing to harden, according to information exchange MarketScout…
US court allows WTC to sue airlines over September 11
10 September 2012
The owner of the World Trade Centre’s twin towers will continue legal action against airlines over the September 11 terrorist attacks, after a New York judge refused to dismiss the case…
Guy Carpenter to open in Shanghai
10 September 2012
The China Insurance Regulatory Commission has granted reinsurance broker Guy Carpenter permission to open a Shanghai office…
Alternative reinsurance here to stay, but likely to remain niche
03 September 2012
Capital market reinsurance models such as catastrophe bonds, sidecars and hedge fund-backed reinsurance start-ups are an increasingly viable alternative to traditional reinsurance, a new report by…
New flood systems beat Isaac on Katrina anniversary
03 September 2012
Seven years after Hurricane Katrina devastated New Orleans, Hurricane Isaac crossed the Louisiana coast last week, testing defences built after the August 2005 disaster…
Lloyd’s bids for ‘United Nations of Insurance’ title
03 September 2012
The new strategic direction for Lloyd’s will see the market build a “United Nations of insurance” off the back of booming developing markets, according to reinsurance broker Guy Carpenter…
US drought bill growing for crop insurers
03 September 2012
The US drought is spreading to more states as analysts continue to revise insurance cost forecasts upward…
QBE Aviation gives something back
03 September 2012
US-based QBE Aviation will pay a 22% “good experience return” to the Independent Fixed Base Operators Association’s workers’ compensation scheme…
US reinsurers more profitable in first half
03 September 2012
US reinsurers made a combined profit of $US3.7 billion ($3.56 billion) in the six months to June 30 – up substantially on the previous corresponding period when they were hit by earthquake, tsunami…
Ebix banks on Indian boom
03 September 2012
Software supplier Ebix is to expand its Indian workforce amid a boom in the business process outsourcing sector…
Zurich looks to emerging markets
03 September 2012
Zurich is seeking further growth in emerging markets, with CEO Martin Senn saying the group wants to buy more licences in Chinese cities…
JLT Re takes aim at Asia
03 September 2012
JLT Reinsurance Brokers has increased its presence in Asia, as it seeks to build on what it considers a good fit between its strategic focus and the emergence of growing markets…
Reinsurers playing it safe in Asia, says Fitch
27 August 2012
The spate of Asia-Pacific catastrophes in the past two years has encouraged reinsurers to take stock of their existing portfolio and re-evaluate their underwriting approach and risk appetite…
Industry faces $US5 billion in crop insurance losses
27 August 2012
A Standard & Poor’s report on the US drought has put the cost to crop insurers and reinsurers at $US5 billion ($4.75 billion)…
Ecclesiastical says results ‘steady’ despite losses
27 August 2012
Ecclesiastical Insurance, the parent of Ansvar Insurance, has described the church-based insurer’s first-half results as “steady” despite underwriting losses of £14.4 million ($21.8 million)…
US insurers primed for growth
27 August 2012
US insurers can look forward to a bump in earnings over the coming months following a strong second quarter, according to ratings agencies…