Reinsurance
Bin Shabib and Associates joins Insuralex
Law firm Bin Shabib and Associates LLP has been elected to membership of global insurance lawyers group, Insuralex.
Marsh appoints loss-adjuster to head energy and construction
Global broker Marsh has recruited Vincent Marrot to be its global leader for energy engineering and leader of construction engineering for the firm's international division.
EC gender directive guidelines a ‘disappointment’
The European Commission’s guidelines for applying the soon-to-be-implemented gender directive have added clarity but have been labelled a “disappointment”.
Market moves: New faces in the broker space
This week saw a flurry of moves in the broking sector, with both Lorica and Alan & Thomas brining in several new faces.
Roundtable - Analytics: the true value of quality data
As investment in analytics increases, Post gathered a group of experts to debate the rise in the use of data in all areas of the insurance industry.
Post magazine – 12 January 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Guy Carpenter renewals report identifies shift in industry behaviour
The position by reinsurers to undertake a major review of pricing and underwriting heading into renewal season has led to “significant market fragmentation and increased volatility”, according to Guy Carpenter’s 2012 global reinsurance outlook.
Cooper Gay expands marine reinsurance team
Lloyd’s broker Cooper Gay & Co has appointed John Sullivan as a director of its reinsurance division.
Rising medical costs behind potential 10% growth in Lebanese medical premiums
Medical insurance premiums in Lebanon will rise by 10% in 2012, according to projections by Lebanese insurance association, the ACAL.
Saudi insurers remain profitable despite low interest rates
Domestic insurers in the Kingdom of Saudi Arabia remain profitable despite increasing competition and the current low interest rate environment, according to a report by Standard and Poor’s.
Zurich's 'A+' IFS rating affirmed
Zurich Insurance Company's has had its ‘A+’ insurer financial strength rating and 'A' issuer default rating affirmed by Fitch.
Korean regulator: saturated home market means local insurers must look overseas
South Korea’s six non-life insurance companies saw their earnings in overseas markets drop by 52.2% on a year-on-year basis, it has been reported.
AM Best: Reinsurance market "stable"
The reinsurance market remains stable despite “numerous challenges”, according to A.M. Best.
A windstorm for the insurance market
As the market gradually starts to digest the recent European renewals, Francesca Nyman considers the increasing challenge that European windstorms pose and whether insurers are adequately protected against this risk.
Natural Catastrophes poll
The sequence of earthquakes and large number of weather-related catastrophes have led some insurers to brand 2011 the costliest year ever in terms of natural catastrophes.
More M&A expected in Thailand after reinsurers review flood losses
Heavy losses from Thailand’s recent floods are dampening the appetite of global reinsurers to write business in the region.
Malaysian M&A activity to continue in 2012
The high volume of merger and acquisition activities in the Malaysia financial services sectors is expected to continue in 2012, particularly in the area of insurance, a Pricewaterhouse Coopers official has said.
Post magazine – 29 December 2011/5 January 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Windstorm Ulli expected to hit Scandanavia then dissipate
Windstorm Ulli is passing through Scandinavia and is expected to dissipate as it moves over the Baltic Sea today.
Ageas's Asian subsidiary has ratings affirmed
Ageas Insurance Company (Asia) has had it’s long-term foreign currency issuer default rating affirmed at 'BBB+', and insurer financial strength rating affirmed at 'A-' by Fitch.
AM Best affirms Asia Capital Reinsurance Group FSR
Asia Capital Reinsurance Group has had its financial strength ratings affirmed along with core subsidiaries.
No widescale rate hardening at 1/1 renewals
The 1 January reinsurance renewal season has seen large rate increases in catastrophe-exposed and loss-affected contracts, but there has not been wide market hardening.
News analysis: Lloyd’s CEO Ward outlines diversity message with ambitious three-year plan
The start of every New Year is inevitably accompanied by the desire to deliver on resolutions made the month before — and Lloyd’s is no different.
IAG secures multi-year reinsurance protection
Insurance Australia Group has finalised its catastrophe reinsurance programme for the period commencing 1 January 2012, encompassing protection of up to $4.7bn ($3.63bn), compared to $4.1bn in 2011.