Insurers retreat from Florida coast
31 July 2007
Florida’s largest private home insurer will strike windstorm damage from more than 50,000 policies next year to reduce its risk profile…
International
…but US flood program takes wind on
31 July 2007
American legislators have decided to include windstorm cover in the National Flood Insurance Program, providing protection for policyholders dumped by their insurers…
Minorities pay more for insurance: report
31 July 2007
US consumers with a poor credit history and those belonging to racial minorities pay more for their car insurance, according to a government report…
Chubb results on the up
31 July 2007
International insurer Chubb has reported an 18% improvement on its second quarter net income, bringing in $US709 million ($833 million) for the three months to June 30…
Merger to create UK life giant
24 July 2007
Two of the UK's biggest life insurance companies, Resolution and Friends Provident, are close to announcing an intended £8.3 billion ($19.35 billion) merger…
Marsh still leads the world of broking
24 July 2007
It's becoming an annual story of market domination…
… but lawsuit keeps the top brass on edge
24 July 2007
However, life's not all rosy in the offices of MMC. Legal action by dumped CEO Roger Egan threatens to dredge up some unwelcome history…
Commercial decline continues
24 July 2007
Commercial lines premiums in the US have continued their decline, according to second quarter renewals data in the latest Risk and Insurance Managers Society benchmark survey…
Zurich takes aim at M&A
24 July 2007
Zurich Financial Services Group has made a big splash in the mergers and acquisitions market, creating a dedicated unit to assist customers on either side of a takeover…
Brazil crash scars AIG
24 July 2007
American International Group has a bigger-than-usual claim on its books after last week's air disaster in Brazil…
Lloyd’s may force brokers to reform
17 July 2007
Lloyd’s CEO Richard Ward’s determination to modernise the market’s processes is becoming more obvious…
Hurricane threat simmers
17 July 2007
With the devastation of 2005 still high in their minds, insurers will be pleased to know the probability of a similar Atlantic hurricane season this year is lessening…
Catastrophe prices level out
17 July 2007
The downgraded hurricane forecast comes after one of the most catastrophe-free quarters the US has ever enjoyed…
New FSA boss backs principles-based regulation
17 July 2007
Hector Sants has been appointed head of the UK’s Financial Services Authority, three years after joining the regulator from the private sector…
UK reforms to benefit industry: Treasury
17 July 2007
UK insurers will operate under a lightened regulatory load after the Treasury approved a less intrusive role for the country’s FSA…
Aon: global terror patterns shifting
10 July 2007
Business must acknowledge the shifting patterns of terrorism and how they affect global revenue and supply chains, according to major broker Aon…
Profits up, premium growth down
10 July 2007
World life insurance markets are experiencing healthy growth this year, but the general insurance sector has proved stagnant, according to new research by Swiss Re…
EU revamps insurance regulation
10 July 2007
The European Union will have its first big overhaul of insurance regulation in 30 years when a common framework is unveiled this week…
England flood bill exceeds $3.5 billion
10 July 2007
Flooding throughout parts of England is expected to cost local insurers £1.5 billion ($3.5 billion), according to the Association of British Insurers…
M&A hunters going global
03 July 2007
The global consolidation scramble is only going to get more frantic, say industry analysts at KPMG…