07 September 2009
The frosty relationship between AIG and its former CEO Maurice “Hank” Greenberg could be set to thaw, with the two parties launching binding arbitration procedures to settle various legal disputes…
07 September 2009
UK regulator the Financial Services Authority has released fresh statistics that show complaints about general insurance products have more than doubled in the space of two years…
07 September 2009
The £493 million ($960 million) underwriting loss reported for last year by the UK private motor insurance industry is more like £1 billion ($1.95 billion), a new report from consultants…
07 September 2009
The British owner of Australia’s Ansvar Insurance turned loss into profit in the first half of this year…
07 September 2009
Paris-based global trade credit insurer Coface has recorded a €103 million ($173 million) first-half loss…
07 September 2009
Bushfires raging in California have been described as some of the biggest in the state’s history…
07 September 2009
A forecast 15-20% rise in offshore energy insurance rates has failed to materialise, and October renewals should stay generally flat, according to Aon…
07 September 2009
Global reinsurer Swiss Re has urged governments to appoint “national risk officers” to help close the gap between economic and insured losses when disaster strikes…
31 August 2009
Piracy attacks have more than doubled, creating headaches for marine insurers…
31 August 2009
Some reinsurers have regained half or more of the capital they lost last year in the financial crisis and through windstorms, thanks to gains in underwriting and calmer investment markets…
31 August 2009
Interest rates and inflation pose the biggest long-term risk for US property and casualty insurers, according to reports by two ratings agencies…
31 August 2009
North America’s hurricane season is in full swing, with category-four Jimena looking a threat to Mexico’s Baja California Peninsula on the west coast…
24 August 2009
The world's largest insurer, AIG, has reported net income of $US3.09 billion ($3.32 billion) for the third quarter, a 27% decrease on the corresponding period last year…
24 August 2009
New British research shows 87% of brokers regularly negotiate an increase of up to 20% on claim payment offers made by insurers…
24 August 2009
Rescued insurance giant AIG will pay new CEO Robert Benmosche a package worth $US7 million ($8.46 million) a year…
24 August 2009
As the eye of a weakened Hurricane Bill nears Canada's east coast, residents are battening down in preparation for damaging winds, pounding seas and heavy rain - and insurers…
20 August 2009
Insurers engaging in price wars are gambling with their future, according to a paper by Liberty International Underwriters that calls into question the industry's financial health…
17 August 2009
Former AIG chief Maurice "Hank" Greenberg and other former executives of the insurance giant have reportedly agreed to settle a lawsuit brought by a group of Ohio pension funds…
17 August 2009
Global broker Aon has urged clients to improve risk management procedures following a spate of terrorist attacks on hotels in popular tourist areas…
17 August 2009
Global claims management provider Crawford & Company has reported a first-half loss of $US85 million ($102 million), due primarily to heavy goodwill charges…