Insurer
QBE estimates quake exposure at $125m
Insurer QBE has estimated its exposure to the Japanese earthquake to be around $125m (£77.6m).
CEA: QIS5 reveals sector strength
The results of the fifth "and last" comprehensive quantitative impact study into the effects of the forthcoming EU regulatory regime, Solvency II have been published.
Chaucer confirms Japan nuclear plant involvement
Chaucer has confirmed it provides cover for Tokyo Electric Power Company, the owner and operator of three nuclear plants affected by the 11 March earthquake and tsunami. However the firm has played down the chances of a significant loss from the…
CEA: QIS5 reveals sector strength
The results of the fifth "and last" comprehensive quantitative impact study into the effects of the forthcoming EU regulatory regime, Solvency II have been published.
Macmillan Sheikh launches first scheme for security industry
The scheme will be administered by Macmillan Sheikh under a delegated authority binder agreement and has been developed with A-rated capacity from specialty insurer Inter Hannover.
Japan earthquake insured losses could top $35bn
The insured property losses caused by the devastating earthquake which struck Japan could reach $35bn (£21.7bn), catastrophe modelling firm Air Worldwide has warned.
BI presents "wildcard" among Japanese quake losses
Major insurance and reinsurance losses both in Japan and globally following last Friday's huge earthquake in Japan will cause negative credit implications for the two sectors, according to Moodys.
Commercial insurance "crisis looming"
The Association of Insurance and Risk Managers has welcomed today’s Mactavish / PwC report, which it claims has “lifted the lid” on a “potential crisis” looming in the UK commercial insurance market.
Commercial cover “not fit for purpose”
Research firm Mactavish has warned that commercial insurance is currently “not fit for purpose” and could lead to a rise in claims disputes.
Apil calls on insurers to take action on fraud
The Association of Personal Injury Lawyers has urged the insurance industry to drive forward the recommendations outlined in the Transport Select Committee report.
Exclusive gender-ruling content now available on Post Europe
Post Europe’s weekly update is now live with three different opinions from the insurance industry on last week’s gender-ruling from the European Court of Justice.
Post Europe: View from the top - A shared responsibility for honest consumers
Ludicrous, stupid, unfair, illogical… these are just some of the comments I have heard from peers in the industry regarding the ruling by the European Court of Justice to annul the ‘insurance exemption’ from the gender directive as of December 2012.
View from the top - A shared responsibility for honest consumers
Ludicrous, stupid, unfair, illogical… these are just some of the comments I have heard from peers in the industry regarding the ruling by the European Court of Justice to annul the ‘insurance exemption’ from the gender directive as of December 2012.
Post Europe: Telematics – a ready-made gender solution?
Following the gender ruling last week insurers now need to look at how they price motor risks, Ian Faulkner argues that telematics is a ready-made solution and that with legislation considering this anyway insurers would be well placed to start…
Telematics – a ready-made gender solution?
Following the gender ruling last week insurers now need to look at how they price motor risks, Ian Faulkner argues that telematics is a ready-made solution and that with legislation considering this anyway insurers would be well placed to start…
Where does discrimination stop?
Europe has made it clear that gender discrimination is no longer acceptable in insurance and this is going to have long lasting affects on the market. Catherine Barton reflects that this is not the only area where discrimination is seen and asks when it…
Post Europe: Where does discrimination stop?
Europe has made it clear that gender discrimination is no longer acceptable in insurance and this is going to have long lasting affects on the market. Catherine Barton reflects that this is not the only area where discrimination is seen and asks when it…
ABI launches SII modelling guidelines
The Association of British Insurers has published guidelines to help insurers understand the Solvency II internal model approval process.
ABI launches SII modelling guidelines
The Association of British Insurers has published guidelines to help insurers understand the Solvency II internal model approval process.
Tawa completes acquisition
Tawa has acquired 100% of the issued shares of Oslo Reinsurance Company (UK).
Tawa completes acquisition
Tawa has acquired 100% of the issued shares of Oslo Reinsurance Company (UK).
Aon Benfield: Japan earthquake seventh strongest ever recorded
Aon Benfield has released a cat alert for the devastating 8.9 magnitude earthquake with an epicenter 80 miles east of Sendai, Japan.
Allianz “dismayed” at transport committee Jackson snub
Allianz Insurance has criticised the Transport Select Committee Report for not calling for a full implementation of Lord Justice Jackson’s review of civil litigation costs.
$10bn insured loss estimated from Japan quake
The Japanese earthquake could cost the insurance industry $10bn (£6.25bn) but it is not likely to cause rates to harden across the market.