… 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…
International
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…
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…