Zurich first half dented by storms, floods
21 August 2007
Weather-related losses have cut a swathe though Zurich’s first-half results, but the Swiss insurer still managed a respectable 12% rise in operating profit…
International
Willis considers changing D&O market
21 August 2007
The changing global market is making international businesses take a fresh look at their directors’ and officers’ liability insurance, according to international broking giant Willis…
Marsh seeks new fee deal
14 August 2007
As it labours through another quarter of mediocre earnings, global broker Marsh is seeking to redraft its agreement with the state of New York to ban contingency fees…
Insurance sales lift AIG
14 August 2007
American International Group has achieved a net income growth of 11.3% for the second quarter of 2007, compared with the period last year, taking its first-half adjusted income…
Swiss Re improves results
14 August 2007
Swiss Re has powered through the year so far, reporting a 45% increase in net income for the second quarter…
Katrina two years on
14 August 2007
Nearly two years after Hurricane Katrina struck the US Gulf Coast, the overwhelming majority of claims – worth $US40.6 billion ($48.2 billion) – have been settled…
UK insurer weathers the floods
14 August 2007
Recent floods in the UK have taken a toll on the bottom line of Royal & SunAlliance, but the London-based group says it has achieved a strong first-half (interim) result…
Floods also dampen Aviva profit
14 August 2007
British insurer Aviva has also borne the brunt of recent flooding in the UK, posting an 8% drop in first-half profit…
Tougher rules for China investors
14 August 2007
China has moved to curtail international influence over its $US100 billion ($118.4 billion) insurance market, with the country’s regulator introducing new restrictions…
US hurricane forecast lower
14 August 2007
Predictions of the severity of this year’s US hurricane season have been downgraded, but an “active” season remains likely, according to analysts…
UK brokers turn on Axa
07 August 2007
We saw it in Australia when AAMI’s direct commercial operation undermined the role of brokers, and now Axa in the UK has fallen into the same trap…
Bush defied as Terror Act extended
07 August 2007
The US House of Representatives has defied the Bush Administration by passing the Terrorism Risk Insurance Revision and Extension Act…
Industry focuses on growth
07 August 2007
The global insurance industry is again concentrating on ways of capitalising on new market opportunities, according to a survey of participants…
Global brokers doing better
07 August 2007
The world’s leading brokers are reporting improved results for the first half of 2007…
Munich Re aims for record, Berkshire happy
07 August 2007
Munich Re is celebrating a successful first half, while major reinsurance operator Berkshire Hathaway is also celebrating…
Allianz on track for record year
07 August 2007
German global insurer Allianz says a buoyant first half has set the company up for a record full-year profit…
Syndicates set precedent by quitting Lloyd’s
07 August 2007
Two non-life syndicates have been allowed to leave Lloyd’s of London, the first to do so in the market’s 319-year history…
UK floods to cost $7.7 billion
07 August 2007
The clean-up continues in flood-affected regions of the UK this week as insurers clarify their expected losses…
US underinsurance causes concern
07 August 2007
Only 14% of Americans have a flood insurance policy, and only 20% have taken steps to secure their homes against a natural disaster…
UK floods cost insurers billions
31 July 2007
British floods of the past two months are expected to cost insurers more than £3 billion ($7.01 billion), according to Fitch Ratings…