Reinsurance giants say the market’s turning
08 August 2011
The world’s biggest reinsurers have reported a hardening in the market in the second quarter and say they expect the trend to continue…
08 August 2011
The world’s biggest reinsurers have reported a hardening in the market in the second quarter and say they expect the trend to continue…
08 August 2011
The Association of British Insurers is establishing a national fraud database to counter the rising incidence of insurance fraud…
08 August 2011
The increase in Suncorp’s gross losses from February’s Christchurch earthquake has forced Lloyd’s (re)insurer Amlin into a profit warning…
08 August 2011
Lloyd’s insurers Hiscox and Catlin both recorded combined operating ratios of 117% for the first half of 2011 as catastrophes hit that market hard…
08 August 2011
Bermudian (re)insurer XL turned in one of the best results of the reporting period, while fellow Bermudian (re)insurer Axis Capital was harder hit by the catastrophes…
08 August 2011
The position of Chartis, the former AIG property and casualty business, continues to improve with the company posting an operating profit for the second quarter after a first-quarter loss…
08 August 2011
The UK Financial Ombudsman Service will report complaints relating to payment protection insurance separately to general insurance complaints from September…
08 August 2011
Tropical cyclones killed hundreds and caused billions of dollars in losses across Asia during July, according to research by Aon Benfield…
08 August 2011
Four former General Re executives and one former AIG executive have won a new trial over an allegedly fraudulent finite reinsurance deal transacted in 2000…
08 August 2011
Restructuring costs have hit outsourcing firm Xchanging as it continues to rebuild after a huge loss and impairment charges in 2010…
01 August 2011
With volcanic ash and tsunamis wreaking disruption and billion-dollar losses this year, the Aon Benfield UCL Hazard Centre has released a guide on the important characteristics that global…
01 August 2011
JLT has reported a strong performance from its Australasian operations in the six months to June 30. It says Australia and New Zealand operations performed well “by increasing its focus on…
01 August 2011
Increased losses due to catastrophes have become the common thread as more insurers and reinsurers report their half-year figures…
01 August 2011
Ace Insurance has lifted its full-year earnings forecast after a solid second-quarter performance…
01 August 2011
More than $US1.2 billion ($1.08 billion) of catastrophe losses pushed Liberty Mutual into the red in the quarter to June 30…
01 August 2011
US tornadoes sent RenaissanceRe into a loss in the second quarter while PartnerRe has warned of extra losses from the Christchurch earthquake…
01 August 2011
Australian and Japanese natural disasters have pushed New India Assurance into a loss for the first time in its 90-year history…
01 August 2011
French insurer Scor has reported a net income of €40 million ($52 million) for the six months ending June 30 after being hit with €423 million ($551 million) of claims from natural catastrophes…
01 August 2011
Zurich has filed a lawsuit against Sony Corporation in a bid to avoid paying the technology giant’s defence costs and indemnify it against a number of class actions it is facing over the…
01 August 2011
Insurance company executives are eyeing the developing markets of Asia for future growth, but despite the bright outlook there are particular challenges for insurers entering the region…