Positive outlook faces uncertain economy
13 December 2010
Insurers could face a return to an uncertain economy next year despite predictions showing continued growth in all areas…
International
Complex deals to pay off AIG debt
13 December 2010
AIG has moved one step closer to removing US Government control by increasing its loan repayments to taxpayers…
Zurich takes axe to global costs
06 December 2010
Zurich Financial Services plans to cut its global costs by $US500 million ($505 million) over the next three years, with around 70% of the savings from its general insurance arm…
Catastrophic economic losses triple
06 December 2010
Rising losses from natural and man-made catastrophes have highlighted the need for prevention and post-disaster management, Swiss Re’s chief economist says has warned…
UK industry pinpointed for climate change talks
06 December 2010
The UK Government has highlighted a need for further talks with the insurance industry on climate change, saying it’s a vital key to tackling the problem…
Broker gets eight years for fraud
06 December 2010
A Canadian life insurance broker has been jailed for eight years for defrauding his clients of almost $C1.5 million ($1.5 million)…
Flood figures worry UK insurers
29 November 2010
The Association of British Insurers is calling for government action to guard against a rising flood damage toll…
Insurers worry about investment performance
29 November 2010
Investment performance in global capital markets is the major concern of insurers after the global financial crisis, according to a new Swiss Re Sigma study…
Risk management still ignored by many companies
29 November 2010
Strategic risk management remains an immature activity in many companies, according to a new survey by the Economist Intelligence Unit…
Europeans move on broker transparency
29 November 2010
Two Europeans insurance bodies will work together in future to ensure broker transactions are more transparent…
New insurance world with Solvency II
29 November 2010
The implementation of Solvency II capital requirements is expected to change the way insurers will operate…
More M&A activity predicted for US
22 November 2010
The US insurance market will see increased merger and acquisition activity over the next 12 to 18 months, according to analysts Towers Watson…
US insurance office opens new doors
22 November 2010
The US Government now has the ability to work with other insurance regulators following the introduction in July of the Dodd-Frank Wall Street Reform and Consumer Protection Act…
Coface reports stronger revenues
22 November 2010
Major trade insurer Coface has reported insurance revenues grew by 12.6% for the third quarter of this year compared to the corresponding period in 2009…
Grants help developing countries
22 November 2010
“Micro-insurers” now have the chance to cash in on grants of up to $US500,000 ($507,756) for projects to help low-income families in developing countries…
Good results for reinsurer
15 November 2010
Munich Re has reported gross written premium of €11.4 billion ($15.6 billion) for the third quarter ending September 30 this year…
JLT’s outlook positive
15 November 2010
Jardine Lloyd Thompson has reported its insurance business is trading well despite soft markets…
Catlin earnings jump
15 November 2010
Specialist property and causality insurer Catlin attributes its 13% increase in net premium earned to a jump in volumes and high rates on business written last year…
Revenue up for Berkshire, but profit down
15 November 2010
Berkshire Hathaway’s extensive insurance businesses have reported $US10.2 billion ($10.3 billion) of total premiums earned in the third quarter ending September 30…
Hannover Re on track for good profit
15 November 2010
Hannover Re’s total gross written premium for the nine months ending September was up 11.5% to €8.6 billion ($11.8 billion)…