27 April 2009
Four of the biggest insurers in Britain have commenced legal action over Scottish legislation that would allow compensation claims against a benign asbestos-related condition...
27 April 2009
While the hard market has arrived for D&O insurance, the rest of the US commercial insurance market has seen little or no change in rates in the first quarter...
27 April 2009
The UK Government has stepped in to prop up the UK trade credit insurance market after a 51% increase in first-quarter claims exacerbated a vacuum in available cover...
27 April 2009
Munich Re has flagged a “satisfactory” result for the first quarter of 2009, saying its consistent risk management approach is paying off amid the global financial crisis...
27 April 2009
US insurance giant Chubb has recorded a 49% decrease in first-quarter net profit after poor investment results adversely affected generally sound underwriting...
27 April 2009
Lloyd’s has opened an office in Rio de Janeiro, Brazil, a year after receiving approval to become the first foreign reinsurer in the country...
27 April 2009
A UK Institute of Insurance Brokers survey has found major UK insurers have plenty of room for improvement – at least as far as brokers are concerned...
27 April 2009
Global insurer Axa has joined other major insurers in giving a mixed reaction to the draft UK Flood and Water Management Bill...
20 April 2009
Troubled insurance giant AIG has agreed to sell its US personal lines auto business to Zurich Financial Services for $US1.9 billion ($2.6 billion)...
20 April 2009
Economic hardship always leads to insurance fraud, but the Association of British Insurers says fraud in the UK has already reached record levels with 2000 cases being exposed every week...
20 April 2009
Credit insurer and ratings agency Coface has imposed negative ratings actions on 47 countries as trade risk continues to spiral...
20 April 2009
New results showing a 96.2% drop in profits for America’s property and casualty insurers last year reflect a hammering by catastrophe losses and the financial crisis...
20 April 2009
US property and casualty insurers are riding out the global financial crisis with their operating models intact and are in good stead to survive the storm...
20 April 2009
Moody’s Investors Service has downgraded its rating for Berkshire Hathaway flagship reinsurer National Indemnity Company from Aaa to Aa1 and dropped the issuer default rating...
20 April 2009
This year’s Atlantic hurricane season should feature a normal level of storm activity, according to Colorado State University’s Tropical Meteorology Project...
06 April 2009
UK broker groups have welcomed a decision by the regulator not to impose mandatory disclosure on local insurance brokers...
06 April 2009
International insurance trade groups have lobbied the Group of Twenty leaders at their meeting last week to distinguish between insurance and banking...
06 April 2009
US politicians have introduced legislation to create federal regulation of insurance, pledging to improve the current system where more than 50 state-based regulators run the industry...
06 April 2009
The new London & International Insurance Brokers’ Association claims it now represents 98% of the London-based international broker sector...
06 April 2009
Reinsurers are continuing to outperform the rest of the financial services sector, according to a report by global reinsurance broker Willis Re...