06 February 2012
Younger female motorists could suffer premium hikes of 11% or more after a European Union ruling preventing insurers from using gender when risk rating comes into effect later this year…
06 February 2012
UK insurance companies and brokers are expecting a bleak start to 2012 after profits and business volumes declined in late 2011…
06 February 2012
More than 200,000 houses in the UK could lose their flood cover if the insurance industry and the Government fail to negotiate a special agreement in the next 18 months…
06 February 2012
Hannover Re has obtained significant price increases at the January treaty renewals, with average rises of 60% in Australian premiums…
06 February 2012
A UK parliamentary report into the cost of motor insurance has blamed the rise in premiums in recent years on a surge in whiplash claims…
06 February 2012
Brokers, managing general agents and aggregators should be brought under the umbrella of an expanded insurance intermediaries’ association, according to the British Insurance Brokers Association…
30 January 2012
Economic losses from natural catastrophes in 2011 were the highest on record, according to global reinsurers…
30 January 2012
Reinsurance rates have not risen uniformly despite a year of severe natural catastrophe losses, according to the latest renewals data…
30 January 2012
Major broker Aon has decided to move its global headquarters from Chicago to London…
30 January 2012
Risk is poorly understood and must be a priority for business leaders after the most devastating economic losses on record, Lloyd’s CEO Richard Ward has warned…
30 January 2012
Insurance losses from flooding in Thailand could reach $US20 billion ($18.8 billion), although a final figure won’t be known until all business interruption policies are processed…
30 January 2012
Swiss Re has appointed current Global Partnerships Chairman Michel Liès as the successor to outgoing CEO Stefan Lippe…
30 January 2012
Liability claims from the grounding of the Italian cruise ship Costa Concordia could be the single largest insurance loss in maritime history…
30 January 2012
Bermuda will retain its leading position among global insurance markets despite regulatory pushes from Europe, rising catastrophe losses and a soft underwriting cycle, according to AM Best…
30 January 2012
Warren Buffett has named his preferred successor at the helm of US investment and (re)insurance giant Berkshire Hathaway, but the man tapped to inherit the billionaire’s vast empire will not serve…
12 December 2011
The growth of life and non-life insurance in Asia will outpace developed markets next year, according to Swiss Re Chief Economist Asia Clarence Wong…
12 December 2011
US electronic insurance exchange MarketScout has heralded the end of the enduring soft market cycle, with all classes recorded in the US market in November now either flat or up slightly…
12 December 2011
Insurance losses from the Thai floods could reach as high as $US20 billion ($19.66 billion), according to US insurance guru Bill Berkley…
12 December 2011
The troubled UK motor insurance market could rebound as much as 20% this year after a string of shocking results…
12 December 2011
British Insurance Brokers’ Association CEO Eric Galbraith has called on the UK Government and the financial services regulator to stop blaming the industry for the global financial crisis…