09 June 2009
The loss of Air France flight AF447 in the mid-Atlantic last week could result in insured losses of more than $US1 billion ($1.25 billion), according to international industry observers...
09 June 2009
Aon is taking over sponsorship of English soccer team Manchester United after AIG earlier announced it will not renew its contract with the club...
09 June 2009
Lawmakers in Texas have approved plans to replenish a state insurance scheme after Hurricanes Ike and Dolly depleted the fund last year...
01 June 2009
Competition and new players in some lines are continuing to keep UK commercial insurance rates down, Marsh says in a report on the first quarter...
01 June 2009
Munich Re has warned Italians that while statistical data doesn’t indicate a trend towards a rise in weather catastrophes, increasing drought, floods and heat will leave an impression...
01 June 2009
A bid by British insurers to overturn a new Scottish asbestos compensation law gathered pace last week when a judicial review convened in Edinburgh...
01 June 2009
The UK Institute of Insurance Brokers has urged its members to adopt new industry transparency guidelines, warning that mandatory disclosure could be forced on British brokers...
01 June 2009
Ratings agency Moody’s has offered a note of hope to global life insurers and life reinsurers, saying the industry is strong and solvent...
25 May 2009
AIG Chairman and CEO Edward Liddy has announced his resignation less than a year after his appointment by the US Government...
25 May 2009
Japan’s top four general insurers have reported a painful 12 months to March 31, each ravaged by investment writedowns and difficult market conditions...
25 May 2009
Europe’s 30 biggest insurers will be stress tested next year to determine their ability to withstand the global financial crisis, according to a leading insurance supervisor...
25 May 2009
Lloyd’s has been granted a licence to write business in Portugal...
18 May 2009
UK firms are set to benefit from low insurance premiums during second-quarter renewals as insurers chase volume at all costs...
18 May 2009
US general insurers are in a strong capital position ahead of the hurricane season beginning next month, according to the Insurance Information Institute...
18 May 2009
Dutch banking and insurance company ING has recorded a first-quarter loss of €793 million ($1.4 billion) as insurance activities plunged the firm into the red...
18 May 2009
US insurance jobs fell by 4000 in April as unemployment in the industry soars...
18 May 2009
Italy’s largest insurer Generali has reported its first-quarter profits sank 89% to €103.8 million ($187 million) compared with €910.3 million ($1.64 billion) in the corresponding period last year...
11 May 2009
Victoria’s Black Saturday bushfires have helped depress the first-quarter results of two major German reinsurers...
11 May 2009
Global reinsurer Swiss Re is working its way out of the red, posting a first-quarter profit on the back of its shocking $1 billion loss last year...
11 May 2009
Zurich Financial Services has reported a 75% slump in first-quarter profit of $US362 million ($480 million), driven largely by a $US1 billion ($1.3 billion) writedown in group investments...