Reinsurance
Report: Scor says reinsurance renewal pricing up
Pricing up by 3-5%, report says.
Pinpoint accuracy
Using geo-risk technology could reap huge rewards for the insurance industry. Sarah Hills reports on the ways it is being used already, and the advantages it could supply in the future.
Aon to sue Jardine Lloyd Thompson over aviation staff departure
Aon is in the process of suing rival broker Jardine Lloyd Thompson over the departure of some of their aviation broking staff, Reinsurance can reveal
Chinese (re)insurers clear to invest in real estate
Chinese insurers allowed to invest directly in commercial real estate for the first time under new regulations
US economy shrank less than expected Q2
Figures from Commerce Department show that the US economy shrank by 0.7% April-June, the best performance in over a year
Hartford names new CEO
Former Bank of America exec named as new CEO at property/casualty insurer
RSA sells business to Enstar
Deal removes £107m of liabilities from its balance sheet.
Japanese trio detail merger
Mitsui Sumitomo, Aioi Insurance and Nissay Dawa all detail their previously announced merger
Flagstone Re buys rest of African subsidiary
Flagstone Re buys rest of African subsidiary, formally known as Imperial Re
Kiln appoints active underwriter
Philip Wray joins Syndicate 1880 from Swiss Re
FDIC proposes prepayment of three years of fees
FDIC proposes prepayment of three years of fees
Tsunami hits Western Samoa
24 people die as tsuami hits Pacific island
US: Chinese drywall makers may ignore lawsuits
Lawyers say they expect Chinese companies that made the wallboard to ignore hundreds of lawsuits filed against them in US courts.
Willis acquires Argentinian operation
Willis Re completes the purchase of Herzfeld Willis S.A. (retail) and Willis S.A. (reinsurance) in Argentina
Georgia floods may cost $500m
The flooding that wreaked havoc in Georgia last week may cost insurers $500m
Report: FDIC preparing to ask banks to prepay $36bn
The US regulator could banks to prepay $36bn in premiums to replenish the deposit insurance fund.
Munich Re, Lloyd's syndicates could be affected by Iran sanctions
Sanctions on Iran could affect the business of Munich Re and Lloyd's syndicates, the Financial Times has reported.
Typhoon death toll rises in Philippines
The death toll from Typhoon Ketsana rises to 240 in Phillipines
DIMA sees record Irish growth
DIMA, the representative body for the international (re)insurance industry in Ireland, has seen another record year of premium income growth in its membership.
US surplus lines results dip from competition, cat losses and economy
Report from AM Best notes that in 2008, the underwriting and operating performance of surplus lines companies continued to outpace that of the total property/casualty industry, although at a diminished level from 2007.
US property/casualty net income tumbled first-half 2009
Net income tumbles but underwriting results and investment returns improving.
Philippines hammered by typhoon
Over 100 feared dead as typhoon hammers Pacific nation.