Largest postal network opens to insurers
18 October 2010
A landmark ruling by India’s insurance regulator has opened the world’s largest post office network for the insurance industry…
International
BIBA TV gets switched on
18 October 2010
The British Insurance Brokers’ Association has launched its own “television channel” on YouTube…
Get ready for Asia ‘supercats’
18 October 2010
Asia must prepare for future “supercat” catastrophe events like those experienced in the US, says reinsurance intermediary Aon Benfield…
Big storms ‘not unexpected’
11 October 2010
A report by reinsurance broker Aon Benfield warns the Atlantic hurricane season is far from over, with damage already reaching into the billions of dollars…
Regulation has dangers, says Lloyd’s chairman
11 October 2010
Lloyd’s Chairman has fired a shot across the bows of Europe’s financial watchdogs, warning that regulation in the wake of the global financial crisis should not get in the way of growth…
Premiums down, soft market continues
11 October 2010
US brokers’ predictions that current soft market trends will continue for another two years have been supported by analysis group MarketScout…
Swiss Re restructures
11 October 2010
Swiss Re is restructuring its leadership team from the top down in a bid to keep up with customer expectations…
UK regulator calls for ethics in shaping behaviour
11 October 2010
The CEO of the UK’s Financial Services Authority says it’s crucial to address the role culture and ethics play in shaping corporate behaviour and decision-making…
Lloyd’s profit hit by catastrophes
04 October 2010
A dramatic rise in claims has resulted in Lloyd’s positing an interim pre-tax profit of £628 million ($1.02 billion) for the six months to the end of June…
It’s getting hotter, says Munich Re
04 October 2010
As temperatures soar across the globe to 130-year highs, climate change is being blamed for the rise in catastrophic events…
Ebix buys Brazilian exchange
04 October 2010
Software and e-commerce services firm Ebix has acquired Rio de Janeiro-based insurance exchange, Usix Technologies…
Marsh settles out of court
04 October 2010
Mega-broker Marsh & McLennan has agreed to an out of court settlement of $US4.75 million ($4.88 million) with the Attorney-General of Ohio following an antitrust lawsuit arising from allegations that the brokerage engaged in bid-rigging and kickbacks…
Investors force down AIA’s value
04 October 2010
AIG has had to lower its sights on the amount AIA will raise from its float as cornerstone investors force a lower unit price…
Gallagher moves on GAB Robins
04 October 2010
US broker Arthur J Gallagher has signed off on an agreement to acquire a controlling interest in major loss adjuster GAB Robins North America…
Lloyd’s expected to reveal losses for first half
27 September 2010
Lloyd’s is expected to reveal considerable losses in its first-half financial results which will be released in London tomorrow…
Airline premiums – and losses – on the rise
27 September 2010
Airline hull and liability premiums have risen by an average of 7% between January and July this year, according to a new report by Aon…
9/11 tops the decade’s disaster list
27 September 2010
The 2001 September 11 terrorist attacks in New York were the worst “mega-disaster” of the past decade, according to the North American branch of Swiss insurer Zurich…
Insurance vital for Third World, says Swiss Re
27 September 2010
Developing countries could ease natural catastrophe losses by up to 90% through better application of insurance models, a new Swiss Re report claims…
London still the place to be: Levene
27 September 2010
London is still the best place for insurers to do business, according to Lloyd’s Chairman Lord Levene…
US insurers shine in shaky economy
20 September 2010
US insurers remain resilient in the face of an otherwise moribund economy, more than doubling net income in the first half despite a steep increase in underwriting losses…