Claims flow in after UK floods
30 November 2009
British insurers expect to part with at least £100 million ($181 million) after floods in parts of England and Scotland, according to the Association of British Insurers…
International
Allianz/WWF report warns on climate change
30 November 2009
Global warming could trigger “tipping points” which result in the world’s diverse regions and ecosystems suffering devastating environmental, social and economic changes…
Notes issue goes through despite swine flu publicity
30 November 2009
Swiss Re says media focus on swine flu has not threatened its successful placement of a $US75 million ($83.2 million) notes issue for extreme mortality risk in the US and UK…
Reinsurer finally settles WTC dispute
23 November 2009
More than eight years after the World Trade Centre disaster, French reinsurer Scor has finally agreed to settle a dispute with Allianz over its 2007 settlement with…
Floods swamp UK
23 November 2009
Torrential rain has sent heavy floodwaters across northwest England and Ireland, washing out road bridges and surging through urban streets and homes…
Airline premiums soar
23 November 2009
Airline hull and liability premiums have soared by 20% and more during October and November placements, according to global broker Aon…
Major brokers co-operate on Lloyd’s project
23 November 2009
The Lloyd’s Exchange project has received a shot in the arm after global brokers Aon, Marsh and Willis agreed to try out the system…
Willis: marine market still in the doldrums
23 November 2009
Marine underwriters are facing strong headwinds as declining trade, lower investment returns and spreading piracy remain prevalent…
US marine underwriters becalmed by slow growth
23 November 2009
Marine underwriters in the US are facing special challenges from slow economic growth and minimal interest rates…
Aon CEO extends contract
23 November 2009
Aon has announced it has extended the contract of President and CEO Gregory Case by five years to 2015…
AIG ‘likely to repay US Government’
16 November 2009
AIG has achieved “tangible progress” in its restructuring and is on track to pay back its massive US Government rescue package, according to Moody’s Investors Service…
Bermuda insurers face challenges
16 November 2009
Bermuda’s insurers and reinsurers are facing significant pressures ranging from soft pricing to proposed US legislative initiatives that could curtail their activities…
JLT on target
16 November 2009
Jardine Lloyd Thompson Group says it remains on target to achieve its financial objectives for the year after third-quarter trading fell in line with expectations…
Financial upturn lifts ING in third quarter
16 November 2009
Financial market improvement in the third quarter has turned things around for rescued Dutch bancassurer ING…
MMC pays $465 million to settle legal action
16 November 2009
Marsh & McLennan has reached a $US435 million ($465 million) settlement over securities and other class actions filed against the global broker in 2004…
MMC back in black
09 November 2009
Third-quarter results for the global Marsh & McLennan group are more positive than last year, with the company reporting a net profit of $US221 million ($243 million)…
AIG records second straight profit
09 November 2009
Insurance giant AIG has posted its second straight quarterly profit, helped by a recovery in the value of its investments…
Munich Re posts $1 billion profit
09 November 2009
Munich Re has banked a third-quarter net profit of €651 million ($1.06 billion) as the global reinsurer continues to bounce back from the global economic downturn…
Swiss Re recovering with $362 million profit
09 November 2009
Global reinsurer Swiss Re continues to recover from last year’s $1 billion loss with a third-quarter net profit of CHF334 million ($362 million)…
Zurich third-quarter profit soars
09 November 2009
Global insurer Zurich has reported third-quarter operating profit of $US1.5 billion ($1.65 billion), up 138% over the same quarter last year…