09 November 2009
Giant US investment company Berkshire Hathaway has tripled its third-quarter profit to $US3.2 billion ($3.5 billion) due to lower insurance costs and higher revenue from financial products…
09 November 2009
German reinsurer Hannover Re staged a strong turnaround in the third quarter, booking a net profit of €159 million ($256 million) this year, compared with a net loss of €395 million…
09 November 2009
A 25% jump in average annual windstorm insurance losses for the UK by 2060 is among the projections in a new report on climate change commissioned by…
09 November 2009
British insurance brokers have welcomed the review of an industry compensation scheme following concerns insurers could be asked to carry the can for failed banks…
09 November 2009
Insurance premiums for commercial airlines are on the rise, with October aviation renewals increasing about 30% compared to last year…
09 November 2009
Axis Capital Holdings has booked a third-quarter loss of $US96 million ($105 million) as growth in gross written premium was undermined by the increased liability of…
09 November 2009
The son of the founder and CEO of US insurer WR Berkley is to take over as President and COO of the company…
02 November 2009
Rescued Dutch bancassurer ING will sell its remaining insurance and investment management operations to focus on banking, mainly in Europe, by the end of 2013…
02 November 2009
Global insurers have witnessed resurgent fortunes during the third quarter as benign weather conditions in the US have helped fill company coffers…
02 November 2009
Moody’s Investors Service has assigned a “stable” outlook to the global intermediary sector as brokers react to tough market conditions by cutting costs and conserving cash…
02 November 2009
Global broker Aon has endured a difficult third quarter, earning a 3% increase in net profit of $US120 million ($135 million)…
02 November 2009
Global insurance broker Willis Group has reported a net income of $US78 million ($87 million) for the third quarter, more than double the $US36 million ($40 million) posted…
02 November 2009
The Royal Bank of Scotland will probably be forced to sell its personal lines insurance operations as a condition of the bank’s hefty state bailout…
02 November 2009
Three former Marsh brokers in the US have been acquitted of bid rigging-related charges that followed a 2005 investigation by then New York Attorney-General Eliot Spitzer…
02 November 2009
UK broker Swinton Group has copped a £770,000 ($1.4 million) fine from the British regulator for committing “serious failures” in the sale of payment protection insurance…
02 November 2009
Lloyd’s says it is on track to meet financial expectations for the full year, although it is not expecting investment returns to keep improving…
02 November 2009
Willis Group Chairman and CEO Joe Plumeri has vowed his global company won’t go back to the “old ways” of doing business by accepting contingent commissions…
26 October 2009
An ongoing insurance bid-rigging saga continues to plague global broker Marsh and insurer AIG after the launch of a US lawsuit last week…
26 October 2009
AIG’s most senior executives will have their base cash salary capped at $US500,000 ($539,000) – down 91% from last year’s levels – under orders from America’s “pay czar”…
26 October 2009
Next year promises no relief from soft commercial rates that have plagued US property and casualty insurers since 2004, according to analysts Advisen…