09 May 2011
Zurich’s net income fell 32% to $US637 million ($593 million) for the first quarter, with natural catastrophes and the slow economic recovery in the US and Europe affecting profits…
09 May 2011
The worst quarter of natural catastrophes on record has hit the bottom line of the reinsurance industry with a mixed bag of first-quarter results…
09 May 2011
AM Best will maintain its ratings on reinsurers at present, but has warned there are a number of potential factors that could result in negative reappraisals…
09 May 2011
Insurer members of the General Insurance Association of Japan have paid out ¥185,978 million ($2.15 billion) on almost 125,000 dwelling claims relating to the March 11 earthquake…
09 May 2011
Global insurer Tokio Marine is the latest to announce a projected drop in profit following the Japan and Christchurch earthquakes…
02 May 2011
UK financial services executive John Nelson will join Lloyd’s in October as its new chairman, bringing to an end the long reign of Lord Levene…
02 May 2011
Last week’s devastating tornadoes in the US are expected to cost insurers $US2 billion-$US5 billion ($1.8-$4.5 billion), with Eqecat warning that the tornado season has only just begun…
02 May 2011
Major brokers are continuing to pour water on the prospect of a global hardening market, with Marsh the latest to dismiss suggestions of rate rises in its latest market update…
02 May 2011
Global disasters have not made an impact on US commercial lines as strong capacity continues to fuel across-the-board premium falls, according to the Risk and Insurance Management Society…
02 May 2011
The combined profit of US private property and casualty insurers rose last year despite a soft underwriting market…
02 May 2011
Several global brokers have expressed confidence in their ability to continue growing after a challenging first quarter…
02 May 2011
Smaller global insurers are reporting a mixed first quarter, with Australian and New Zealand natural catastrophes leading to significant claims…
02 May 2011
Losses from the Japan earthquake cost Berkshire Hathaway more than $US1 billion ($912 million) in the first quarter, with Chairman Warren Buffett telling the company’s annual shareholder meeting…
02 May 2011
The amount of capital held by reinsurers hit record highs at the end of 2010, according to reinsurance broker Aon Benfield…
02 May 2011
The British Insurance Brokers Association has called on the UK Treasury to ensure the future regulation of insurance brokers is “appropriate, proportionate and cost-effective”…
02 May 2011
AIG has offloaded more than $US3.5 billion ($3.21 billion) in potential asbestos liabilities as it prepares for a major share sale…
02 May 2011
A Canadian independent insurance research body is calling for government collaboration on options for flood cover, which is currently not available…
02 May 2011
The number of global ship losses continues to rise, with 2010 one of the five worst years for vessel losses in the past 17 years…
02 May 2011
The Royal Bank of Scotland will sell its insurance business in the second half of next year…
18 April 2011
UK motor premiums have jumped by more than 40% in the 12 months ending March this year…