United States of America (USA)
Zurich profits fall 33% in Q1 as it suffers $517m nat cat loss
Zurich Financial Services Group (Zurich) today reported a 33% drop in business operating profit of $849m (Q1 2010: $1.3bn) and a 32% drop in net income after tax of USD $637m (q1 2010: $935m) for the three months ended March 31, 2011.
Brit launches new package policy for US higher education sector
Brit Insurance has launched a new package policy designed specifically for the needs of the US higher education community.
Chubb reports $270m cat hit in Q1 2011
Chubb has reported that the impact of catastrophes in the first quarter of 2011 was $270m (£164m) before tax. This figure includes the winter storms in the US, flooding in Australia, and earthquakes in New Zealand and Japan.
Zurich executive committe member steps down after 33 years
Zurich today announced that after a 33-year career with the company Paul Hopkins has elected to retire as a member of the group executive committee.
Zurich executive committe member steps down after 33 years
Zurich today announced that after a 33-year career with the company Paul Hopkins has elected to retire as a member of the group executive committee.
Hannover Re buys Scottish portfolio
Hannover Re has agreed to buy a reinsurance portfolio from Scottish Re (US).
Hannover Re buys Scottish portfolio
Hannover Re has agreed to buy a reinsurance portfolio from Scottish Re (US).
Dual MGA enters property market
VK Underwriting has taken its first steps towards expanding its product range beyond its core specialty lines by entering the property market.
Tawa takes 51% stake in US business
Tawa has entered into a definitive agreement to acquire a 51% stake in newly formed US holding company LGIC Holdings for $1.
Energy insurance prices stagnate as capacity reaches all-time high
Energy insurance prices have stagnated following the massive Tohoku earthquake in March, according to a new report by Willis Group.
Tawa creates specialist run-off reinsurer
Tawa has established a reinsurance run-off firm to provide cover for Penn National Insurance.
Insurers landed with $43bn cat bill
The insurance industry was hit with a $43bn (£26.8bn) exposure for natural catastrophes and man made disasters during 2010, research from Swiss Re has revealed.
International legal group rebrands
The Benefit Insurance Lawyers Group has changed its name to Insuralex.
International legal group rebrands
The Benefit Insurance Lawyers Group has changed its name to Insuralex.
Swiss Re exceeds claims budget following Japan quake
Reinsurer Swiss Re has revealed that it has already gone beyond its claims estimates for 2011 following the Japanese earthquake.
London improves insurance ranking in Global Financial Centres Index
London has risen one place to fourth in a latest ranking of the world’s most prominent insurance centres.
Exclusive tax and Solvency II content now available on Post Europe
Post Europe’s weekly update is now live with an article on how a crack down on tax evasion in the US is impacting European insurers and an in-depth look at the results from quantitative impact assessment 5 for Solvency II.
Why US Federal Excise Tax matters to Europe
The US Internal Revenue Service is keen to combat tax evasion and is tightening its federal excise tax enforcement procedures. Asher Harris looks at affect FET has on European insurers doing business with US firms and the resultant cascading effect.
Post Europe: Why US Federal Excise Tax matters to Europe
The US Internal Revenue Service is keen to combat tax evasion and is tightening its federal excise tax enforcement procedures. Asher Harris looks at affect FET has on European insurers doing business with US firms and the resultant cascading effect.
Major loss: meeting the challenges of major loss
With the global nature of modern business exposing insurers to a variety of major loss challenges, Trevor Latimer assesses the consequences.
Kane acquires HSBC business for $27.5m
Risk and insurance management services Kane has signed an agreement to acquire the insurance management operations of HSBC.
Post history - 10 years ago: Rock band serves writ on syndicates
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Aspen appoints president of US insurance
Aspen Insurance has named former Zurich global corporate chief executive Mario Vitale as president of US insurance.
Solvency II - Equivalence: The cost of regulation to cross-border trading
The regulatory costs associated with cross-border trading have long been a burden on international insurers, but things may be improving explains Nick Lowe.