Brokers more positive about Lloyd’s
20 September 2010
A new study shows broker views about the Lloyd’s market are more positive than they were two years ago…
International
Ace digs deep for insurers
20 September 2010
Ace has been on a spending spree, buying US crop insurer Rain and Hail for $US1.1 billion ($1.17 billion) and forking out $US200 million ($213 million) for Malaysian general insurer…
Munich Re offers flexible oil drilling cover
20 September 2010
Munich Re has responded to the Gulf of Mexico oil spill by offering cover for individual drilling operations…
Commercial insurance prices ‘flat’
20 September 2010
Commercial insurance premiums in the US are flat for the sixth consecutive quarter, according to Towers Watson’s latest pricing survey…
Liberty unit IPO will cut debt
20 September 2010
US insurer Liberty Mutual Agency, a unit of the Liberty Mutual Group, is pursuing a $US1.41 billion ($1.5 billion) initial public offering in a bid to slash debt…
UK brokers fighting for claims payouts
13 September 2010
British brokers are having a hard time getting their clients’ claims paid as UK insurers get stricter during the economic slump…
Former AIG CEO goes to Willis
13 September 2010
Former AIG CEO Martin Sullivan has joined Willis Group as Deputy Chairman and CEO of a new business unit, Willis Global Solutions…
Competition keeps US rates falling
13 September 2010
Premium rates in the US property and casualty market are continuing to fall, but there are signs of a tentative hardening…
EU moves towards tighter financial regulation
13 September 2010
The European Parliament has made the first step towards a tighter financial regulatory system, adopting a six-month period for monitoring of national budgets and economic policies…
Lloyd’s tries iPad over slips
13 September 2010
Lloyd’s has teamed up with a group of UK brokers to test out the new Apple iPad in its underwriting room…
Insurers want action on climate change
13 September 2010
More than 100 international insurance companies have called on governments to use risk management techniques and insurance expertise to help the developing world adapt…
Willis seeks partner after India knockback
13 September 2010
Willis is poised to sign up a new joint venture partner in India after the government refused to renew its licence…
RBS insurance sale now on
06 September 2010
Royal Bank of Scotland is tipped to sell its insurance business through a trade sale rather than going for a public listing…
Catastrophes continue in August
06 September 2010
Historic flooding in Pakistan, deadly landslides in China and bushfires in Europe combined to make August an active month for catastrophes…
Coface posts strong results
06 September 2010
Global trade credit insurer Coface has posted a first-half operating profit of €55 million ($77.7 million) – up from €47 million ($66 million) in the second half of last year…
AIG’s Nan Shan sale fails
06 September 2010
Taiwanese regulators have rejected the $US2.2 billion ($2.4 billion) sale of AIG’s Nan Shan Life unit to a Chinese company…
Moody’s says US P&C insurers ‘solid’
06 September 2010
US property and casualty insurers took a hit on catastrophe losses but maintained solid capital strength, Moody’s Investors Service says in its latest industry analysis…
Zurich UK fined over data loss
30 August 2010
The UK Financial Services Authority has fined Zurich Insurance UK £2.275 million ($3.98 million) for losing client data…
AIG repays $US4 billion
30 August 2010
AIG has cut its debt to the US Federal Reserve by nearly $US4 billion ($3.5 billion), the single-largest payment the insurer has made since its bailout during the financial crisis…
Ping An first-half net profit jumps 28%
30 August 2010
Chinese insurer Ping An has achieved a net profit rise of 27.9% in the first half of the year to reach 9.87 billion yuan ($1.65 billion)…