Gen Re gets a hefty fine
28 November 2006
The UK Financial Services Authority has fined General Reinsurance £1.2 million ($2.9 million) for arranging two improper reinsurance transactions…
International
Munich Re holds global risk meeting
28 November 2006
Global chief risk officers have met for the annual CRO Assembly meeting at Munich Re to discuss how to manage risks more efficiently to create sustained value…
UK questions travel insurance
28 November 2006
Travel insurance, one of the most abused, difficult and essential insurance policies of all, is coming under the official microscope in the UK…
Insurers celebrate strong third quarter
21 November 2006
The predictions were dire but the third quarter of 2006 proved to be relatively disaster-free, and that’s had quite an effect on international insurers’ results…
UK shapes up to climate change
21 November 2006
British insurers have welcomed Prime Minister Tony Blair’s introduction of a bill to reduce greenhouse emissions and tackle climate change…
Beware the $1 trillion disaster
21 November 2006
Catastrophic weather is becoming more frequent and more costly, and the worst is yet to come…
Anthony Lim to head WFII
21 November 2006
The World Federation of Insurance Intermediaries has named Singapore Insurance Brokers Association President Anthony Lim as its incoming Chairman…
S&P alters its formulas
21 November 2006
Standard and Poor’s is considering a change in the way it assesses international insurance providers…
Don’t chase market share, says Lloyd’s
14 November 2006
Lloyd’s Director Worldwide Markets Julian James has warned insurers around the world to heed one of the most prudent – and often ignored – precepts of insurance…
Commercial premiums down, says RIMS
14 November 2006
Commercial insurance premiums in the US fell slightly in the third quarter of this year, according to a RIMS survey, representing a continuation of trends in the past two quarters…
AM Best applauds discipline
14 November 2006
All hurricanes and terrorism threats aside, the fundamental strength of the US property and casualty insurance industry has remained strong over 2006, says ratings agency AM Best…
Lloyd’s report calls for action
07 November 2006
Nicholas Stern isn’t the only one issuing reports on climate change…
Mixed results for top brokers
07 November 2006
Third quarter results for the world’s two biggest brokers, Marsh & McLennan and Aon, were a mixed bag this year, with Marsh & McLennan’s earnings more than doubling…
Insurers can cap World Trade Centre payout
07 November 2006
The feud between the insurers of New York’s World Trade Centre buildings destroyed in the 9/11 attacks and developer Larry Silverstein continues, this time with the insurers…
FSA plans more open regulation
07 November 2006
The UK Financial Services Authority is looking to insurers and brokers to help reduce the regulatory burden on business…
Willis profit grows
31 October 2006
No 3 global broker Willis Group has turned in a third-quarter result of $US301 million ($391 million) for the first nine months of this year…
Marsh CEO rejects acquisition speculation
31 October 2006
Marsh CEO Brian Storms has denied that the insurance broker and its parent company are for sale…
UK examines insurance sector
31 October 2006
In a bid to maintain principles-based regulation for the financial services sector, the UK’s Financial Services Authority will examine whether the regulatory regime for insurance…
Risk services help Gallagher along
31 October 2006
Major global broker Arthur J Gallagher has achieved $US421.2 million ($548.6 million) in revenue for the three months to the end of September…
UK advances asbestos legislation
31 October 2006
The British Government will bring forward legislation to ensure that at least 800 sufferers of asbestos-related diseases are able to keep their full compensation…