Reinsurance
Warning over scrapping retirement age
The Forum of Private Business has warned that government proposals to scrap the default retirement age threaten the future of SMEs across the UK and could lead to a raft of "painful and costly" legal disputes.
Hoban pledges 'dedicated' resource for insurance
The Conservative Party has attempted to allay the insurance industry's fears that it will be tarred with the same brush as banks, if the party comes to power this year and scraps the current regulator, by promising 'dedicated resources' to the sector.
EMC ups guidance
EMC, the US property/casualty insurer, said it is upping its operating earnings guidance for 2009.
Willis appoints interim CFO
Stephen Wood, Willis global group financial controller, replaces Patrick Regan on 19 February.
Mapfre increases international business premiums
Spanish insurer Mapfre also increases its attributable result to €926.8m, and added consolidated revenues exceeded €18.8bn, a 6.3% rise over 2008.
Mapfre increases international business premiums
Spanish insurer Mapfre also increases its attributable result to €926.8m, and added consolidated revenues exceeded €18.8bn, a 6.3% rise over 2008.
Senior trade credit broker defects to Aon Benfield
Political risk and trade credit broker Steve Hart has moved from Willis to Aon Benfield, Reinsurance has learned.
FM Global becomes admitted reinsurer in Labuan (Malaysia)
Property insurer FM Global has become an admitted reinsurer in Labuan, a federal territory in Malaysia, to serve its clients’ reinsurance needs in the region.
Ace reports strong profits increase
Ace, the Switzerland-based (re)insurer, said that fourth quarter and yearly pretax profits grew.
CEIOPS agrees to co-operate closer with Swiss regulator
Members have also decided the Swiss supervisory regime of reinsurance undertakings equivalent to that applying to EU reinsurers.
CEIOPS agrees to co-operate closer with Swiss regulator
Members have also decided the Swiss supervisory regime of reinsurance undertakings equivalent to that applying to EU reinsurers.
US commercial insurance buyers take issue with Obama's budget blueprint
The Risk and Insurance Management Society, expressed its deep concern with plan to reduce or elminate the federal underpinnings of terrorism insurance.
Obama aims to eliminate terrorism subsidy for insurers
Barack Obama has proposed eliminating insurers' terrorism subsidy in his 2011 Budget.
Munich Re's profits jump in 2009
Munich Re has reported that its profits rose to €2.56bn in 2009 from €1.58bn in 2008. The Germany-based reinsurance giant's fourth quarter profit also grew substantially, jumping to €0.78bn from €0.11bn in the fourth quarter of 2008.
Munich Re's profits jump in 2009
Munich Re has reported that its profits rose to €2.56bn in 2009 from €1.58bn in 2008. The Germany-based reinsurance giant's fourth quarter profit also grew substantially, jumping to €0.78bn from €0.11bn in the fourth quarter of 2008.
RGA profits improve
Reinsurance Group of America, the US life reinsurer, reported a substantial improvement in fourth quarter and yearly profits.
2010 to be a year of 'profitable stagnation', says Thiele
Partick Thiele, the chief executive of PartnerRe, has said that 2010 will be a year of "profitable stagnation", providing that no major catastrophes arise.
Neste Oil to receive EUR 47.5m from reinsurers
Finnish oil refining company Neste Oil has announced that it will receive 47.5m euros from a syndicate of reinsurers following a fire at a refinery in April 2008
Neste Oil to receive EUR 47.5m from reinsurers
Finnish oil refining company Neste Oil has announced that it will receive 47.5m euros from a syndicate of reinsurers following a fire at a refinery in April 2008
Insurers given access to escape of water and accidental/malicious damage models
Experian has launched three new Perils models, providing insurance companies with greater insight into a household's level of exposure to escape of water, malicious damage and accidental damage.
General aviation recruits join Aon
Aon has made six new appointments to its general aviation team, specialising in industrial aid and commercial aircraft.
Reinsurers had profitable 2009 claims broker Cooper Gay
Reinsurers benefit in 2009 from recovering investment returns and absence of major catastrophes although 2010 could be more challenging with above average hurricane season expected according to a Cooper Gay report.
Gulf Insurance Group restructures reinsurance
The Gulf Insurance Group has restructured its reinsurance programme, broked through Guy Carpenter.
Scottish Lion decision "not the end"
Today’s decision by the Inner Court of Session, which found in favour of Scottish Lion, is by no means the end of the matter, according to law firm Elborne Mitchell.