Global brokers doing better
07 August 2007
The world’s leading brokers are reporting improved results for the first half of 2007…
International
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…
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…
…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…