03 November 2008
China Pacific Insurance has reported a loss of 1.64 billion yuan ($351 million) for the third quarter as weak investment markets took a toll on the major life and general insurer...
03 November 2008
Italy’s largest insurer, Generali, has been hard hit by the global financial crisis with a 29% slide in nine-month net profit to €1.67 billion ($3.2 billion) from €2.36 billion ($4.55 billion) last year...
27 October 2008
A repeat of the 1918 Spanish flu outbreak is statistically overdue, and any mass outbreak will contribute to a global recession, according to a report from Lloyd’s...
27 October 2008
A Willis report shows the global general insurance sector has so far survived the credit crisis, with little exposure to subprime investments and few negative ratings actions...
27 October 2008
Two major hurricanes in the US and the global financial crisis have failed to alter the soft commercial insurance market in the third quarter...
27 October 2008
Swiss Re and private equity firm CVC Capital Partners are making a joint bid for a majority stake in the Royal Bank of Scotland’s British insurance assets...
27 October 2008
Willis Group has recorded a 46% fall in net third-quarter earnings as it accounted the cost of acquiring US firm Hilb Rogal & Hobbs...
27 October 2008
Reinsurer Hannover Re has abandoned its profit forecast for the year but remains “cautiously optimistic” about next year’s prospects...
27 October 2008
Swiss Re has entered into a weather derivative contract to pay up to $US5 million ($7.6 million) if Malawi’s farmers suffer from a drought-related shortfall in maize production...
20 October 2008
Standard & Poor’s says global insurers are well placed to ride out the turbulence caused by the American subprime meltdown...
20 October 2008
The global financial crisis will shift the balance of power within the finance industry towards insurers and away from banks, according to the head of Munich Re...
20 October 2008
The US Government’s loan to AIG will see the liquidation of the company and the loss of thousands of jobs as well as billions of dollars in shareholder value…
20 October 2008
The International Association of Insurance Supervisors has ratified six new papers on solvency assessment, citing the importance of insurer solvency amid the current financial…
20 October 2008
ING Group will pump €2 billion ($3.9 billion) into the balance sheet of ING Insurance after the Dutch Government agreed to inject €10 billion ($19.5 billion) into the company...
20 October 2008
US insurers are promoting new technology in a bid to cut down on car crashes caused by a menacing minority – drivers using mobile phones...
13 October 2008
The US Federal Reserve has offered even more cash to the struggling AIG...
13 October 2008
Potential buyers are eyeing off AIG business units after the US insurer announced the sale of non-core assets to focus on its international general insurance business...
13 October 2008
The London Market Brokers’ Committee, which represents Lloyd’s brokers in the UK, is seeking member support to form a new broking association separate to the British…
13 October 2008
Hard times are descending on the US general insurance industry...
13 October 2008
Munich Re has reiterated its goal of increasing earnings per share to €18 ($36.70) by 2010...