Hike in P&I club claims force up premiums
27 November 2007
A surge in costly protection and indemnity pool claims is increasing shipowners’ premiums, with P&I clubs initiating increases of 10% to 20% at renewal…
International
No sign of lift-off in airline market
20 November 2007
The soft market in airline insurance is likely to continue to the end of the year, says a report from Aon…
FM Global policyholders in credit bonanza
20 November 2007
US-based mutual FM Global is returning $413 million to its policyholders in next year's renewal season…
Soft market here to stay: consultant
20 November 2007
The market for property and casualty insurance will stay soft next year, with premiums expected to decline further or at least remain flat…
Zurich income up 25%
20 November 2007
Zurich has reported a 25% increase in net income to $US4.2 billion ($4.7 billion) for the nine months to September 30, compared with the first three quarters of last year…
Swiss Re decked by subprime loss
20 November 2007
The subprime mortgage meltdown in the US has claimed its first reinsurance victim, with Swiss Re announcing a startling CHF1.2 billion ($1.22 billion) write-down from exposure…
Over the Limit in QBE Euro restructure
13 November 2007
QBE European Operations will replace a swag of well-known brands with QBE livery in the new year when it launches a new product and distribution structure…
Marsh back in the commission game
13 November 2007
No 1 global broker Marsh will begin charging US insurers an "enhanced" commission for small and middle-market commercial business from early next year…
Allianz weathers cat season
13 November 2007
German global insurer Allianz improved its net income by 21% to €1.92 billion ($3.11 billion) for the third quarter, despite a difficult catastrophe period…
Goldman Sachs arrows into Lloyd’s
13 November 2007
Investment bank Goldman Sachs is to enter the Lloyd's insurance market on January 1…
Lloyd’s: broking roads lead to China
13 November 2007
The Chinese broker market has capacity for further growth, says Lloyd's in a new report…
Swiss Re stands up to financial turbulence
13 November 2007
Swiss Re's net income for the third quarter has slipped 5% to CHF1.5 billion ($1.4 billion) from the same period last year…
Munich Re on track for record year
13 November 2007
A rise in natural disasters has failed to dent Munich Re's prospects of a record annual result, with the reinsurer's profit passing €3.3 billion ($5.46 billion) in the first nine months…
US insurers hit by litigation costs
06 November 2007
American insurers are being deluged by lawsuits, according to a new survey…
South Africans pool resources
06 November 2007
South Africa's major financial intermediary associations have merged to form a new body…
Liberty in third-quarter lull
06 November 2007
Giant US insurer Liberty Mutual has registered a 27.3% slide in third-quarter earnings amid intense competition in US property and casualty lines…
Indie three guilty
30 October 2007
As Rodney Adler enjoys his newfound freedom, Ray Williams languishes in jail and ASIC wraps up its HIH investigations, a long-running and high-profile case…
California fire losses could reach $US1.6 billion
30 October 2007
Insured losses from southern Californian bushfires could exceed $US1.6 billion ($1.7 billion) as authorities struggle to contain more than 20 separate blazes raging across the state…
Ace settles bid-rigging payment
30 October 2007
Bermuda-based insurer Ace has settled with nine US jurisdictions over allegations that it colluded with broker Marsh in bidding on rigged insurance contracts…
Willis posts solid quarter
30 October 2007
Willis says it remains on track to post a full-year operating margin of 24% after unveiling third-quarter net income of $US67 million ($73 million)…