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…
International
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…
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…
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…