14 November 2011
UK-based Howden Broking Group has acquired the insurance operations of Accette Insurance Group in Hong Kong, Singapore, Thailand, Malaysia and the Philippines for an undisclosed sum…
07 November 2011
The Asia-Pacific region accounts for less than 15% of excess of loss catastrophe premiums globally, but this year has provided 67% of reinsurers’ losses, according to Guy Carpenter’s 2011…
07 November 2011
Losses from the Thai floods cannot be assessed with any certainty until floodwaters subside and access is regained…
07 November 2011
The merger between UK broker associations the British Insurance Brokers’ Association and the Institute of Insurance Brokers was formalised in London last week…
07 November 2011
A private equity firm has reportedly made a bid to own some of the UK’s best-known insurance brands which are being sold by the Royal Bank of Scotland…
07 November 2011
American International Group (AIG) has reported an after-tax loss of $US3 billion ($2.9 billion) for the third quarter due to weak investment markets…
07 November 2011
Bermudian insurers Axis Capital and XL Group have reported profits for the third quarter ending September 30, despite the cost of this year’s catastrophes…
07 November 2011
Marsh & McLennan has reported strong revenue growth for the third quarter to September 30, with CEO Brian Duperreault saying all its divisions are growing and the group is…
07 November 2011
Swiss Re more than doubled its profit to $US1.3 billion ($1.25 million) for the third quarter, due to premium growth and fewer catastrophe losses…
07 November 2011
Liberty Mutual Group has reported a third-quarter net loss of $US111 million ($106 million) – a big drop from the $US567 million ($545 million) profit achieved in the corresponding period…
07 November 2011
Insurers are ill-prepared to face a social media revolution but are conscious that it will strike with force, according to several studies and reports…
31 October 2011
Munich Re has flagged its intentions to push for higher renewal rates on casualty and liability treaties due to the ongoing low interest rate environment…
31 October 2011
Flooding in Thailand is affecting industrial estates north of Bangkok and claims are likely to amount to more than the current estimate of $US3.3 billion ($3.1 billion), according to estimates…
31 October 2011
Insured losses from the deadly eastern Turkey earthquake are likely to be in the range of $US55 million to $US200 million ($51 million-$187 million), most of which will be passed on to international…
31 October 2011
Global insurer WR Berkley has posted a third-quarter income fall of 18% compared with the third quarter last year, dropping from $US93.6 million ($87.3 million) to $US77.3 million ($72.1 million)…
31 October 2011
Three of the world’s largest insurance brokers have reported organic growth in their third-quarter results, an indicator that market conditions are beginning to improve…
31 October 2011
UK financial services executive John Nelson has taken as Chairman of Lloyd’s, replacing well-known industry figure Lord Peter Levene…
31 October 2011
Life insurers have been able to negotiate decreases in their reinsurance premiums this year, Aon Benfield has found in its 2011 Death and Disability Cat Benchmarking Study…
24 October 2011
Bermuda-based reinsurers have unveiled losses of up to $US460 million ($451 million) from global natural catastrophes for the third quarter…
24 October 2011
Stiff competition coupled with weak demand has resulted in flat pricing rates in the US, according to a survey by the Council of Insurance Agents & Brokers…