No growth in soft market: Swiss Re
18 September 2007
Global reinsurer Swiss Re says it will forgo building its premium book if it can't be expanded profitably into next year…
International
Insurers urge action on US terrorism bill
18 September 2007
The US Congress must pass a 15-year extension of the nation's terrorism insurance legislation to shield businesses from the economic fallout of a future attack…
Reinsurance back in favour
11 September 2007
This year's global reinsurance market is stabilising as a flood of new capital balances the increase in demand from earlier "mega-catastrophes"…
… but one hurricane could change the tune
11 September 2007
The chance is slim, but a single hurricane in a certain place could cause more than $US65 billion ($78.6 billion) of damage to US energy producers…
Lloyd’s Levene issues terrorism warning
11 September 2007
Lloyd's Chairman Lord Levene has called for increased investment in risk management to combat the threat of terrorism…
Insurance Aid rocks Africa
11 September 2007
Insurance is helping to break the poverty cycle in Africa through a new product offsetting drought in Kenya, Mali and Ethiopia…
Insurer/broker conspiracy allegations collapse
11 September 2007
Anti-trust charges against some of the world's leading insurers and brokers have been dropped in the US…
Marsh offers risk leadership program
11 September 2007
Global broking giant Marsh & McLennan has broadened its services beyond broking commercial insurance by opening the Marsh Centre for Risk Insights…
Insurers spark fear in UK brokers
04 September 2007
The trend for insurers to buy UK brokers is an increasing source of concern to the broking fraternity, according to the latest member survey by the Institute of Insurance Brokers…
US insurers safe from subprime
04 September 2007
The fallout from the subprime mortgage implosion is not expected to drag down the US insurance industry, with ratings agencies confirming insurers have limited direct exposure…
… and Europeans also survive
04 September 2007
The European insurance industry is cruising through the year, with good results and stable ratings throughout the first half…
Ohio targets top insurers and broker
04 September 2007
Some of the world’s largest insurance companies, along with the world’s largest broker, have been accused of anti-competitive practices and a far-reaching conspiracy to fix prices…
Subprime fears on insurance exposure
28 August 2007
Insurers and the financial services sector face increased exposure to legal action arising from the meltdown in the US sub-prime mortgage market, international broker Marsh says…
Allianz restructure on track as profit plunges
28 August 2007
The German operations of Allianz suffered a 33% fall in net profit in the first half of 2007 to €7.11 billion ($11.78 billion)…
Saudi reforms to boost market growth
28 August 2007
The general insurance market in Saudi Arabia market could grow by up to $US4 billion ($4.86 billion) by 2009 as a result of market reforms, according to analysts…
Hurricane Dean to intensify
21 August 2007
Insurance claims from Hurricane Dean are estimated to top $1.5 billion as the storm gathered momentum this morning (Australian time) and headed west towards Mexico’s…
Peru earthquake to cost $US10 billion
21 August 2007
The tragic human aftermath of last Wednesday’s earthquake in Peru is still playing out as survivors continue to fight for food and clean water, but prudent insurers…
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…
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…