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…
24 October 2011
The Association of British Insurers has warned that changes to the UK’s planning processes could result in a rise in uninsurable building projects…
24 October 2011
The new US Federal Insurance Office is wasting no time making its presence in the market felt, calling for comments on ways to reform the country’s splintered and sometimes chaotic insurance…
24 October 2011
US catastrophe losses have dragged Chubb Corporation net income down, with net third-quarter income at $US298 million ($288 million), compared with $US572 ($553 million) in the corresponding…
17 October 2011
Royal Bank of Scotland Insurance – the insurance arm of the Royal Bank of Scotland – is set to return as much as £1 billion ($1.54 billion) to its parent company in the short term…
17 October 2011
The European general insurance sector is approaching a critical time which will “severely test” individual companies and the industry as a whole, according to a new report by AM Best…
17 October 2011
UK insurers have lost a Supreme Court appeal to have compensation claims made in Scotland for the asbestos-related condition pleural plaques dismissed…
17 October 2011
Hurricane Jova, a category two storm, made landfall in Mexico last week but caused minimal insured damage…
10 October 2011
The US Government has declared a record-breaking 86 natural disasters in the past year, up from a previous record of 81 – a figure set only last year…
10 October 2011
UK general insurers and brokers are planning cost-cutting programs and layoffs after profits and business volumes fell for the second consecutive quarter, according to a survey…
10 October 2011
UK brokers have welcomed the Financial Services Authority’s decision to reopen the review of its compensation scheme…
10 October 2011
Electronic insurance exchange Marketscout says the end of the soft market in the US “may be nearing” as small rate increases continue to be recorded, particularly in SME business…
10 October 2011
Premium rates around the world remain stubbornly stable, even decreasing in some sectors, in the third quarter, according to major broker Marsh…
10 October 2011
The Asian monsoon season caused nearly $US7 billion ($7.1 billion) of damage last month, according to Aon Benfield’s catastrophe report for September…