Reinsurance
CEA: still time to get Solvency II right despite fears over Ceiops
A new CEA report demonstrates that overly prudent capital requirements would restrict the insurance industry's role not only as a risk-absorber but also as an institutional investor financing long-term economic growth.
CEA: still time to get Solvency II right despite fears over Ceiops
A new CEA report demonstrates that overly prudent capital requirements would restrict the insurance industry's role not only as a risk-absorber but also as an institutional investor financing long-term economic growth.
Bolt warns underwriters of claims increase
Lloyd's recently appointed director of performance management Tom Bolt has warned underwriters to prepare for an increase in claims from financial institutions.
Chaucer redomiciliation likely over tax fears
Chaucer has indicated that high corporation tax in the UK could force it to redomicile to Switzerland, Bermuda or Ireland in 2011, despite posting an increase in profit of £134.8m for 2009.
Hardy sees profits rocket before exchange
Bermuda-domiciled insurer Hardy has reported a steep increase in profit before tax and foreign exchange movements of £26.7m (2008: £4.4m), in contrast to a slight dip in profit before tax of £20.1m (2008: £23.1m). The combined ratio before foreign…
QBE shakes up European arm
QBE Europe has puts its asset protection book into run-off, following a restructure of its product underwriting and distribution model.
Munich Re boss confident of €2bn profit in 2010 despite early losses
Gross premiums written rose by 9.5% to €41.4bn (€37.8bn). But if exchange rates had remained the same, premium volume would have increased by 9.9% compared with the previous year.
Munich Re boss confident of €2bn profit in 2010 despite early losses
Gross premiums written rose by 9.5% to €41.4bn (€37.8bn). But if exchange rates had remained the same, premium volume would have increased by 9.9% compared with the previous year.
Swiss Re gives quake and Xynthia loss estimates
Reinsurer claims losses for the European winter storm to be approximately $100m.
Swiss Re gives quake and Xynthia loss estimates
Reinsurer claims losses for the European winter storm to be approximately $100m.
Glacier reports $34m growth in net income
Glacier has reported net income for 2009 up to $60m and a total gross written premium decline pf 17% from 2008.
Glacier reports $34m growth in net income
Glacier has reported net income for 2009 up to $60m and a total gross written premium decline pf 17% from 2008.
PartnerRe Chile quake claims could reach $320m
PartnerRe has said it expects initial claims worth $220m-$320m, on a pretax basis, related to the recent devastating earthquake in Chile.
Obama launches fresh attack on health insurers
President Barack Obama launched a fresh attack on health insurers in a speech on Monday and called on fellow Democrats to rise above politics and pass a healthcare overhaul in the next few weeks.
Greenberg to testify on Gen Re deal
A state judge has ordered that former AIG Chief Executive Hank Greenberg will be deposed about the controversial reinsurance transaction between AIG and General Re.
Marsh to take $600m hit on Kroll disposal
The Financial Times reports The Carlyle Group, Apax Partners and General Atlantic have all entered bids by the deadline for first expressions of interest in late February.
Transatlantic costs for Q1 catastrophe events up to $90m
Transatlantic agrees to purchase 2m shares from AIG and announces preliminary cost estimates for first quarter 2010 catastrophe events which have occurred to date.
Beazley delivers syndicate result
The board of managing agency Beazley Furlonge has announced its results for syndicate 623, which writes business on behalf of third party capital at Lloyd’s.
Dubai crisis played down by reinsurers
There has been much speculation that the near-demise of Dubai World and the knock-on effects in the emirate are not as bad as feared for the industry, writes Katherine Blackler
New US sanctions on Iran put the industry on high alert
The US bill to expand the Iran Sanctions Act is being watched keenly by the (re)insurance world, reports Katherine Blackler
QBE restructures European business
With immediate effect, QBE will operate four product underwriting divisions: casualty & motor; property; marine & energy; and reinsurance & specialist.
QBE restructures European business
With immediate effect, QBE will operate four product underwriting divisions: casualty & motor; property; marine & energy; and reinsurance & specialist.
Earthquake losses "manageable" for Chilean insurers, claims Moody's
Early estimates indicate that the magnitude 8.8 earthquake off the coast of Chile on 27 February, will bring high insured losses, which will likely pressure overall profitability.
RMS: detailed damage reports following Turkish earthquake still scarce
The Unites States Geological Survey has reported a fixed focal depth of 6.2 miles (10 km) and an epicentral location close to the village of Basyurt, 340 miles (550 km) east of the Turkish capital, Ankara.