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Two hurricanes predicted to strike US in 2012

Hurricane activity this season is expected to be close to average, with scientists predicting four tropical storms including two hurricanes to strike the US between June and November.

Reinsurance | 24 May 2012 secure

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Xchanging targets North American growth

Business process outsourcing company Xchanging is to expand its insurance offering to the North American market.

Insurer | 23 May 2012 secure

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'Significant' loss will harden rates outside cat exposed regions in July renewals

Price increases in the July reinsurance renewal period could be restricted to loss-affected sectors unless there is a further significant insured loss for the industry, Fitch Ratings has said.

Reinsurance | 09 May 2012 secure

sold-on-seo

Marsh sells portfolio of four businesses to R K Harrison

Marsh has reached an agreement to sell a portfolio of four businesses within Gibbs Hartley Cooper, a part of Marsh UK, to R K Harrison.

Broker | 02 May 2012 secure

michael-watson

Canopius details Omega takeover savings and possible Tower Bermuda sale

Canopius chairman Michael Watson said that taking over Omega will be the "last big deal", but is not the end of its "ambitions".

Insurer | 26 Apr 2012 secure

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The insurance business resource library

Insurance Hound

A free and easy-to-use digital library of briefings, white papers and reports updated on an hourly basis

Google Streetview tracks tsunami desctruction in Japan

Guy Carpenter reports reinsurance rises

Research by Guy Carpenter shows reinsurance rates rose at the 1 April round of renewals as the market continues to work through the impact of the events of 2011.

Reinsurance | 05 Apr 2012 secure

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Aon’s McKenna steps down

Aon’s lead director Andrew McKenna has resigned.

Broker | 03 Apr 2012 secure

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Ex-NY insurance superintendent calls for Solvency II equivalency

The former New York superintendent of insurance has warned that the transatlantic market could be destabilised if the Solvency II equivalency issue is not resolved.

Insurer | 22 Mar 2012 secure

michael-watson

Cat price rises inadequate, says Canopius

Canopius executive chairman Michael Watson has said that tenfold increases in premiums in Thailand have been exceptions, and complained that insurers have not done enough to raise rates across the board.

Insurer | 15 Mar 2012 secure

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Bupa profits rise outside the UK

Private medical insurer Bupa has announced revenues up 6% to £8bn and an underlying surplus up 20% to £559m.

Insurer | 13 Mar 2012 secure

European risk and insurance intelligence

Insurance Insight

Your one-stop-shop for all the news in the European, Asian and Middle Eastern insurance markets

Insurance Insight
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Ancillary income still under scrutiny, despite boost to Admiral profits

After easing the pressure built up during a bodily injury claims-ravaged third quarter, bosses at Admiral have been warned that this year's hot topic of ancillary income could yet provide a sting in the tail.

Insurer | 13 Mar 2012 secure

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Mapfre's new chairman predicts growth

Antonio Huertas has said the Spanish insurer expects to achieve revenues of more than €25,000m in 2012, equivalent to a 6% increase, in a year that will be "hard" and "demanding".

Insurer | 12 Mar 2012 secure

tornado

Insurers face up to $2bn tornado bill

Eqecat has estimated that the latest series of severe weather events in the US has produced $1bn to $2bn in insured losses.

Insurer | 06 Mar 2012 secure

Paulino Fajardo and David Pollitt

A winning combination: interview with Paulino Fajardo and David Pollitt

Davies Arnold Cooper and Beachcroft merged in late 2011 under the DAC Beachcroft banner. Paulino Fajardo and David Pollitt discuss the tie-up and their plans for the future.

Claims | 06 Mar 2012 secure

stormy-weather

Early start to US tornado season

More severe weather hit central and southern regions of the US over the weekend, spawning several tornadoes that killed at least 39 people and caused widespread property damage, according to reports.

Insurer | 05 Mar 2012 secure

Comment

Lynn Rouse

Editor's comment: Fleeing the family nest

This week’s deal developments read like two coming-of-age literary fables written to reward hard work and endeavour, while...

Interview

JLT chief executive Dominic Burke

Interview: JLT's Dominic Burke - a thoroughbred performer

Horseracing-mad Dominic Burke has huge ambitions for JLT, with a firm focus on international expansion, and he scotches...

View from the top

David Reed

View from the top: Airline insurance - the risk remains

Despite 2012 losses being only 12% of the annual average to date, a single incident could flip the market, says David...

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Pitney Bowes 2012 Insurance Industry Report

2012 insurance industry report: The inside track to achieving a more sustainable business

To achieve a sustainable profit, personal lines insurers need to transform their retention rates, using modern communications techniques to engage with customers and understand their individual needs. This white paper is based on a specially commissioned study involving 42 senior managers at UK and Irish insurers.

Work equipment risks in the UK

Work equipment risks in the UK

The complex patchwork of legislation and guidance governing work equipment risks in the UK is an administrative monster that many businesses struggle to wrestle with successfully. It takes significant levels of technical expertise and resources to understand and effectively navigate the maze of legal requirements, and this problem grows increasingly unwieldy for smaller organisations with limited manpower and finances.

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