Swiss Re
Rehabilitation - PAS 150: Kitemark conundrum
The lack of an attached kitemark to new rehabilitation code of practice PAS 150 spelled disappointment for some. In the first of two articles on the standard, Lynn Rouse explores the key issue of accreditation.
Aegon raids Zurich for new UK CFO
Dutch insurer Aegon has appointed Zurich head of group audit Clare Bousfield as chief financial officer of of its UK arm.
Energy - Deepwater Horizon impact: In deep water?
Stephanie Denton reports on the fallout for the energy market from the recent Deepwater Horizon drilling platform explosion.
Swiss Re successfully places $150m natural catastrophe risk for Allianz
Swiss Re Capital Markets has structured and placed $150m of insurance linked securities issued by Blue Fin covering US hurricane and earthquake risk.
Transocean cannot cap Deepwater Horizon liability says court
Transocean cannot use a 150-year- old statute to cap its liability against claims arising from the Gulf of Mexico oil spill, lawyers for victims of the disaster said at a hearing in federal court in Houston, according to newswire Bloomberg.
US financial reform bill passes
The US Senate approved a sweeping Wall Street reform bill on Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s.
US financial reform delayed
In a setback for the Obama administration, Senate Democrats failed to muster enough votes on Wednesday to end debate on the overhaul of financial regulation, delaying a vote on passage.
Swiss Re: Insurers should not ignore 'the elephant in the room'
Against the backdrop of the upcoming regulatory framework in Europe – Solvency II – Swiss Re has outlined how it believes insurance risk managers can shape their companies’ risk management culture in the post-crisis world.
Oil spill could cost $3.5bn
The Deepwater Horizon oil slick approaching the Louisiana coastline could cost the insurance industry $3.5bn (£2.3bn).
Swiss Re profits up 22%
Profits at reinsurance giant, Swiss Re have risen, but figures show total premiums have fallen and property casualty unit income has dropped 69% on heavy cat losses.
Climate change: Just the beginning
After the failures of the conference in Copenhagen, Rachel Gordon looks at the work done by insurers in ensuring the threat of climate change is properly addressed.
Swiss Re, Lloyd’s see boost for insurers in Dodd Bill
Proposed plans to create US Treasury Department office to negotiate international regulations have drawn praise from (re)insurers.
Ex Swiss Re ILS head joins Willis for capital markets push
Willis has appointed Bill Dubinsky as managing director and head of insurance-linked securities for its Willis Capital Markets & Advisory arm.
Munich Re places North Carolina cat bond
Munich Re has placed a catastrophe bond to cover two North Carolina insurance groups' hurricane exposures.
CSR - microinsurance: Small wonder
Traditional insurance has typically focused on affluent markets, mainly in Western industrialised countries, but insurers willing to go off the beaten track could find microinsurance a rewarding addition to their business, writes Ana Paula Nacif.
Dual launches web-based platform
Dual International has selected e-business solutions specialist Salmon to develop and implement a new pan-European web-based underwriting platform.
Reinsurance country report: China - Taming the dragon
A strict regime and a fierce response from local insurers have limited international reinsurers success in China - so will the latest developments be another false dawn? Jem Golden reports
Swiss Re appoints new UK boss
Russell Higginbotham has been appointed as head of client markets for Swiss Re in the UK & Ireland.
Buffett raises Munich Re stake
Warren Buffett, already Munich Re's biggest individual shareholder, has built up his stake to nearly 8%, the reinsurer revealed on Thursday
Miller looks to Markel to boost Singapore team
Miller Insurance Services has announced that Paul Cheng has joined its office in Singapore.
Looking Back 10 Years Ago: Insurers hit by high claims costs
Insurers suffered their second-heaviest claims burden ever last year — only 1992, the year of Hurricane Andrew, was worse.
Swiss Re gives quake and Xynthia loss estimates
Reinsurer claims losses for the European winter storm to be approximately $100m.
Swiss Re back in the black
Swiss Re returned to profit in 2009, reporting net income of CHF506m (£303m) for the year, compared to a loss of CHF864m in the prior year.
Deutsche Bank to take on £3bn BMW longevity risks
Deutsche Bank is to take over the longevity risks of nearly £3bn of pension liabilities from BMW’s UK scheme in what will be the largest deal ever done in corporate longevity insurance in the UK.