US avoids storms but cat bills continue to mount
12 September 2011
Insured losses from recent wildfires in Texas will easily top the $US100 million ($94 million) mark, according to the Insurance Council of Texas…
International
Insurance-linked securities market continues to expand – Swiss Re
12 September 2011
The market for insurance-linked securities such as catastrophe bonds continues to expand and is broadening beyond US perils, says Swiss Re in a study of the market…
Compo culture must go, say UK insurers
12 September 2011
The Association of British Insurers is stepping up its campaign to eliminate the “have a go” compensation culture…
London company market size surprises
12 September 2011
The inaugural London Company Market Statistics Report, conducted by the International Underwriting Association, has revealed that the London market is larger than previously thought…
Typhoon damage in Japan could reach $US600 million
12 September 2011
Tropical Storm Talas, which hit Japan on September 2, is expected to cost between $US150 million ($142 million) to $US600 million ($566 million) in insured losses, according to catastrophe…
Moody’s likes US commercial lines sector
12 September 2011
Moody’s has upgraded its rating on the US commercial property and casualty insurance sector from negative to stable…
Counting the cost of Hurricane Irene
05 September 2011
Loss estimates from Hurricane Irene, which hit the US east coast last week, range from $US1.5 billion to $US6 billion ($1.4 billion-$5.6 billion), but industry observers say the losses are not significant…
UK brokers call for fairer regulations
05 September 2011
The British Insurance Brokers’ Association and Institute of Insurance Brokers are calling for the newly formed Finance Conduct Authority to reassess its regulatory demands…
Insurers ‘ignoring climate change’
05 September 2011
US insurers have been too slow to recognise the impact of climate change on their business models, according to a new report by ethical investment researcher Ceres…
US reinsurers suffer in the wake of cats
05 September 2011
The combined operating ratio of US reinsurers took a beating in the first half of 2011, jumping to 116.2% for the six months to June 30, according to a survey of 19 US reinsurers by the Reinsurance…
Cat bond outlook positive, says Aon Benfield
05 September 2011
The outlook for the catastrophe bond market this year is positive despite losses from the Japan earthquake, Aon Benfield says in its latest annual review of insurance-linked securities…
Nuclear evacuees to receive compensation
05 September 2011
Tokyo Electric Power Company has started the process of compensating thousands of people forced to evacuate the area around its crippled Fukushima nuclear plant…
Insurance for the nobility and gentry
05 September 2011
British society guide Debrett’s has moved into providing insurance for the well-heeled individual…
Irene strikes but losses limited
29 August 2011
Hurricane Irene is unlikely to be a market-turning event as early estimates of losses begin to come in…
US market starts to turn
29 August 2011
Ratings agencies and insurance industry researchers are calling an end to the soft market in the US…
Cats lead to surge in Bermuda insurance registrations
29 August 2011
The first half of 2011 saw almost as many new insurers register in Bermuda as for the whole of 2010, new figures from the Bermuda Monetary Authority have revealed…
Damage from US earthquake minimal
29 August 2011
Insured losses from last week’s earthquake in the US state of Virginia should be less than $US100 million ($96 million), catastrophe modeller Eqecat says…
Insurers bolster UK economy
29 August 2011
The Association of British Insurers says the industry’s £10.4 billion ($16.2 billion) tax bill highlights the need for more competitive and consistent rules to aid industry growth…
US group liability plans growing fast
29 August 2011
More US hedge fund executives and lawyers are moving towards using group personal excess liability insurance instead of individual policies…
Cats drag on Amlin results
29 August 2011
Lloyd’s insurer Amlin has posted a pre-tax loss of £192.3 million ($299 million) for the first half of 2011, after a recent warning that its profits would be hit by the deterioration in Suncorp’s gross…