Claims
AIG sells Japanese building to Nippon Life
AIG has confirmed that it is to sell its Japanese headquarters to Japanese life insurance giant Nippon Life for $1.2bn.
Canopius FY pretax profits jumps 31%
Canopius, the Lloyd's (re)insurer, reported a 31% rise in pretax profits for the year to end-December 2008. Pretax profits grew to £43m from £33m in 2007.
Berkshire Hathway stumbles to $1.53bn loss
Berkshire Hathaway stumbled to a $1.53bn loss in the first quarter of the year – a huge swing from the $940m it made in the first quarter of 2008.
Obama health insurance plan takes major step forward - reports
Barack Obama's plans for a US health insurance system for every American citizen took a major step forward today when health care industry leaders offered $2trn in spending reductions over the next decade to pay for a system, according to reports from…
DAS in City expansion and move
DAS Legal Expenses Insurance has announced the expansion and relocation of its London office to accommodate a dedicated City underwriting team.
Foil welcomes Jackson report
The Forum of Insurance Lawyers has welcomed the preliminary report into civil litigation costs published today by Lord Justice Jackson but warned it signals the start of the "real work" as the review moves into the consultative stage of the process.
Civil justice costs report published
Lord Justice Jackson has today published his preliminary report as part of his year-long review of the civil justuce costs regime in England and Wales.
Allied World Q1 results 'blows away' estimates
Allied World, the Bermudian (re)insurer said that net income in the first quarter of the year rose to $131.4m, from $130.9m in the first quarter of 2008.
Allstate in heavy Q1 loss
Allstate, the US insurance giant, reported a first quarter net loss of $274m, down from a gain of $348m in the first quarter of 2008.
AIG Q1 results worse than analysts' expectations
AIG managed to stem its losses in the first three months of the year, but still missed analysts' expectations.
Swiss Re to close Johannesburg office
Swiss Re is to close one of its offices in South Africa as part of a cost-saving initiative, Reinsurance can reveal.
Endurance Q1 net income improves
Endurance Specialty Holdings, the Bermudian (re)insurer, said that net income for the first three months of the year rose to $78.3m from $77.8m in the first quarter of 2008.
Zurich GI profit cut by 25%
Zurich has reported that its general insurance gross written premiums decreased 12% to $9.8bn and a decline in profit of 25% to $889m. Its general insurance combined ratio worsened 1.2 points to 95.8%.
Zurich Q1 profits fall 40%
Zurich Financial Services, the Swiss insurance giant, said that first quarter net income fell 75%.
Beazley reports jump in GWP
Beazley, the Lloyd's (re)insurer, said that gross written premiums for the first three months of the year were up 27% on last year.
Swiss Re beats analysts' expectations with Q1 profit
Swiss Re, the Swiss (re)insurance giant, beat analysts' expectations when it said that it had recorded net income in the first quarter of the year.
Education, education, education
Environmental Liability: Broker awareness
Subrogation plan revealed
A new project aimed at slashing the "huge administration and time delays" associated with subrogated...
Rehab group hits the road running
The British Association of Rehabilitation Companies has launched with more than 30 providers having ...
Police partnership will prompt four-fold ROI
Vehicle-enabled crime, subrogated recoveries, preparedness for terrorism and joint working with clai...
Apil president in plea for insurers to share information
Insurers should share information on fraud indicators with claimant solicitors to facilitate a joint...
Claimant cost criticism "ironic"
Accusations that claimant solicitors are obsessed with costs are ironic bearing in mind the countles...
AIG paid over $450m in additional bonuses in 2008
AIG, the stricken US insurer, said that it paid over $454m in additional bonuses to employees in 2008, CNB C has reported.
MMC Q1 net income rises despite total revenue fall
US financial services giant MMC, the holding company for insurance broker Marsh and reinsurance broker Guy Carpenter, said that net income for the first quarter of the year rose to $176m from a $210m loss in the first quarter of 2008.