16 July 2012
Capital held by Bermuda’s reinsurers and insurers fell only 2% last year despite the string of natural catastrophes, supporting arguments that the cost of reinsurance is not rising because the market…
16 July 2012
Most UK drivers would support a ban on claims management companies cold-calling people to represent them in motor vehicle claims, according to a new Association of British Insurers survey…
09 July 2012
Current reinsurance rate increases do not mean a hardening market, reinsurance broker Willis Re says…
09 July 2012
UK industry bodies are concerned about recent changes to insurance broker regulation across Europe, specifically those relating to new guidelines on compulsory commission disclosure…
09 July 2012
UK general insurers are reporting flat profitability and falling buyer sentiment, according to a survey by PricewaterhouseCoopers and the Confederation of British Industry…
09 July 2012
Continued slow growth in the insurance sector is turning the focus of US insurance executives inward as they grapple with operational issues, according to the latest Insurance Industry Outlook survey…
09 July 2012
The US Government has extended its National Flood Insurance Program for five years and will allow it to buy reinsurance cover from the private market…
09 July 2012
The European Parliament has affirmed January 2014 for implementation of the Solvency II regime for insurers and reinsurers in the European Union…
09 July 2012
The market positions of Europe’s 10 largest general insurers remained relatively static last year, a new ranking from Spanish researcher the Mapfre Foundation shows…
09 July 2012
The composite rate for US property and casualty insurance “held steady” at 4% for June, according to insurance exchange MarketScout…
09 July 2012
Ratings agency Moody’s has upgraded its outlook for Japan’s property and casualty sector and the life insurance industry to stable from negative…
09 July 2012
The storm known as a derecho that hit 13 mid-Atlantic and midwestern US states has caused fatalities, extensive property damage and widespread power outages…
02 July 2012
Insurers should brace for “fast, relentless and potentially devastating” changes in the industry soon, says PricewaterhouseCoopers Global Insurance Leader David Law…
02 July 2012
Bermudian insurer and reinsurer Axis Capital has replaced founder John Charman as chairman after a board dispute over the “role and responsibilities of the chairman position”…
02 July 2012
Rates in the global insurance market generally firmed in the second quarter of this year, with cyber security emerging as a key operational risk for organisations, according to global broker Marsh…
02 July 2012
The cost of risk increased only mildly in the past year despite catastrophe losses that were expected to affect premiums, according to the Risk and Insurance Management Society…
02 July 2012
A significant increase in property and casualty insurers’ net income and improved underwriting results have boosted the US market, according to first-quarter industry results of the Property Casualty…
02 July 2012
The insurance industry did not start the global financial crisis and reform of the sector will be proportionate and balanced, according to EU Commissioner Michel Barnier…
02 July 2012
Moody’s has put the debt ratings of Genworth Financial Inc and the insurance financial strength ratings of its US mortgage insurance companies on review for downgrade…
25 June 2012
Participants at the International Insurance Society’s annual seminar in Rio de Janeiro last week said pricing and profitability are the top concerns for life and general insurers…