07 March 2011
Bermuda-based reinsurer Flagstone Re says it has recorded losses of $US60 million to $US80 million ($59 million to $79 million) as a result of its exposure to the flooding in Queensland and…
07 March 2011
A bill to overhaul the US National Flood Insurance Program will be introduced into the US House of Representatives this week…
28 February 2011
Allianz’s Australian general insurance business has reported an 11.4% increase in revenue to €2.1 billion ($2.8 billion) for the 12 months ending December 31 2010…
28 February 2011
AIG has reported an after-tax loss of $US2.2 billion ($2.16 billion) for the quarter to December 31 and a full-year loss of $US898 million ($885 million) after increasing reserves…
28 February 2011
Proposals to reform Britain’s complex civil litigation system have received an overwhelming vote of confidence from the Association of British Insurers…
28 February 2011
The amount of business written by Bermuda-based captive insurers rose sharply in 2010, despite a fall in overall gross written premium n the domicile…
28 February 2011
Royal Bank of Scotland’s insurance arms continues to struggle, with premium income down 3% to £4 billion ($6.3 billion) for the 2010 financial year ending December 31…
28 February 2011
UK broker Arthur J Gallagher International is in talks to buy local rival Heath Lambert, according to sources close to the companies…
28 February 2011
Berkshire Hathaway’s insurance operations have provided a $US66 billion ($65 billion) float to fund the group’s other investments, according to Chairman Warren Buffett…
21 February 2011
US insurance industry heavyweight Bill Berkley believes AIG will raise rates at its rebranded property and casualty insurer Chartis in a move which could help turn the soft market around…
21 February 2011
The US National Flood Insurance Program continues to face a massive deficit bill adding to growing concerns over its future management…
21 February 2011
Swiss Re has almost doubled its profit with a $US863 million ($853.2 million) return for the 2010 calendar year…
21 February 2011
Marsh & McLennan Companies has posted a strong return for 2010, recording a 7% increase on the previous year’s result to $US10.6 billion ($10.4 billion)…
21 February 2011
The UK Financial Services Authority says the calibration model it intends to use to check that insurers meet the Solvency II requirements will be crucial…
21 February 2011
The UK’s flood funding crisis could see insurance cover completely dry up following continued government funding cuts to the struggling scheme…
21 February 2011
UK brokers are up in arms over a decision by the Financial Services Authority to delay its review into the way the Financial Services Compensation Scheme is funded…
21 February 2011
Aon is pursuing opportunities to grow on the coat-tails of its clients as they globalise, President and CEO Greg Case says…
14 February 2011
Zurich’s global general insurance business suffered a 23% slump in profits to $US2.7 billion ($2.69 billion) for the year ending December 31…
14 February 2011
The Association of British Insurers has warned its members to prepare for a ban on premium price differentiation based on gender…
14 February 2011
The winter storm in the US over February 1 and 2 is estimated to cost insurers between $US790 million ($787 million) and $US1.4 billion ($1.39 billion) according to Boston-based catastrophe…