30 July 2012
Global risk management and brokerage Aon has reported a flat result for the six months to June 30, with total revenue up 2% to $US5.6 billion ($5.3 billion) and net income down 4% to $US484 million ($462 million)…
30 July 2012
International insurance broker JLT has had a strong first half, recording a pre-tax profit up 11% to £85.1 million ($127.9 million) in the six months to June 30…
30 July 2012
Demand continues to grow for insurance-linked securities as investors are attracted by the returns and make capital available…
30 July 2012
Ace Insurance has posted a slight increase in gross written premium and a decline in net income in the second quarter…
30 July 2012
Liberty Mutual’s net income for the first six months of 2012 more than doubled, despite more catastrophe losses…
30 July 2012
Chubb has reported a modest drop in net income despite lower catastrophe losses in the second quarter…
30 July 2012
WR Berkley’s revenue, profit and gross written premium all increased in the second quarter, in results Chairman and CEO William R Berkley describes as “satisfactory”…
30 July 2012
US insurers, unlike the banks, “operated normally” throughout the global financial crisis and continue to bolster the US economy, says Insurance Information Institute President Robert Hartwig…
30 July 2012
UK brokers have reacted angrily to new proposals by the Financial Services Authority to change the funding of the Financial Services Compensation Scheme, which pays customers for losses…
30 July 2012
Aviation premiums have fallen 9% for the year to date, according to a market update by Aon Risk Solutions…
30 July 2012
Willis International is following the shift in economic power towards Asia and the Middle East with the creation of three new regional business units; Australasia, Asia, and the Middle East and Africa…
30 July 2012
A UK broker has been fined £471,846 ($711,836) and banned from working in the financial services industry…
23 July 2012
Weather-related risks in India, China and Japan have been the subject of new risk modelling arrangements made over the past few weeks…
23 July 2012
US insurers are spending $US10 billion ($9.62 billion) a year – about 9% of their IT budgets – on data and analytics, according to a research study released by the Association for Co-operative Operations Research…
23 July 2012
The introduction of the Solvency II capital requirements for insurers could be delayed until January 1, 2014…
23 July 2012
Insurance industry leaders have significant concerns about the effects of inappropriate regulation and are planning to grow in Asia, according to the latest survey conducted by global insurance industry…
23 July 2012
Former Lloyd’s Chairman Lord Levene has joined Maurice “Hank” Greenberg’s Starr International as a director and vice chairman…
23 July 2012
Mortgage insurers with sound credit profiles should generally have stand-alone ratings limited to the single-A range, according to Moody’s Associate MD Stanislas Rouyer…
16 July 2012
Natural catastrophe losses in the Asia-Pacific region were moderate in the first half of 2012, accounting for only 4% of insured losses worldwide, according to Munich Re…
16 July 2012
Continuing floods in the UK mean insurers may face the biggest payouts since 2007 and homeowners may be at risk of insufficient cover…