Reinsurance
March cat claims topped $1.1bn in the US
Reinsurance broker Aon Benfield has reported that US storms in March will cost insurers more than $1.1bn, while catastrophes hit Mexico and Australia as well.
Asian aviation: risk or opportunity?
The Asian aviation market is set to grow rapidly in the next 20 years, bringing many opportunities for insurers. But Edward Murray asks whether underwriters are taking all the future risks into consideration.
Guy Carpenter reports reinsurance rises
Research by Guy Carpenter shows reinsurance rates rose at the 1 April round of renewals as the market continues to work through the impact of the events of 2011.
In Series Competitive Edge: Geographic intelligence offers a competitive edge
How do you gain an advantage in a crowded market? Recent research by Ordnance Survey revealed that one-third of underwriters feel threatened by a growing number of competitors entering the sector.
Talks turn to Solvency II and IPO benefits as Project Noah claims wide support
The bosses behind the Project Noah flood solution believe proposals to establish a UK risk pool with £14bn of reinsurance capital could provide a crucial solvency boost for insurers with IPO ambitions.
Landmark asbestos ruling puts an end to EL 'black hole' concerns
Supreme Court judgment means run-off firms cannot avoid liability.
Kidnapping now multi-billion dollar industry
Kidnaping for ransom has become a multi-billion dollar global phenomenon and is occurring more frequently in locations across the globe, according to a report by crisis assistance company, Red 24.
Simply Business says no to MBO
Simply Business will not undergo a management buyout despite QBE taking over trading relations from Brit.
Brit CEO insists it will retain stake in Simply Business despite UK arm sale
Brit has insisted it plans to keep its shareholding in online intermediary Simply Business despite selling its regional retail business.
Post magazine - 5 April 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Axa sells Bluefin benefits consultancy to Capita
French insurer Axa has agreed to sell its employee benefits consulting business, Bluefin Corporate Consulting, to Capita for £50m on a cash-free, debt-free basis.
Middle East and Asia energy markets buoyed by excess capacity
Competition and excess capacity continued to strengthen the market for energy insurance buyers in Asia and the Middle East in the first quarter, according to a Marsh energy report.
CGSC promotes Hooper to chief commercial officer
Wholesale reinsurance brokerage Cooper Gay Swett & Crawford has promoted Shaun Hooper to the new role of chief commercial officer.
Kiln targets equine market with specialist underwriter
Speciality insurer Kiln has recruited equine underwriter Georgina Smart to focus on risks for sports and leisure horses.
SEIB launches multi-risk product for SMEs
Qatari firm SEIB Insurance and Reinsurance has launched a specialist product for SMEs.
Nat cats caused economic losses of $380bn in 2011
Natural catastrophes resulted in 27,000 deaths and $380bn in economic losses during 2011, according to data compiled by Munich Re and analysed by the Worldwatch Institute.
Insurance Insight – top 10 stories
The top 10 most popular articles on insuranceinsight.eu over the past seven days.
Swiss Re launches into Middle East after being granted licence for DIFC
Swiss Re Corporate Solutions has received a licence from the Dubai Financial Services Authority to operate in the Dubai International Financial Centre.
Lockton launches global partnership
Broker Lockton today announced the formation of the Lockton Global partnership.
Indian insurers praise deductibles hike
An increase in deductibles for third-party motor premiums by the Insurance Regulatory and Development Authority has been praised by the insurance industry, despite frustrating consumers.
Paperwork delays payment of Thai flood claims
Japanese firms waiting for claims payment following the flooding in Thailand face delays owing to the volume of paperwork for insurance companies.
Iran sanctions have unintended consequences
Economic sanctions against Iran are an important part of European Union and US attempts to force the country to curb its nuclear programme. But, as Francesca Nyman reports, increasing concern has been voiced in recent months that measures aimed at the…
Q&A: Frank Weinreich, Liberty Syndicates
Frank Weinreich, regional manager for reinsurance for Central and Eastern Europe at Liberty Syndicates, pictured, spoke to Stephanie Denton with a reinsurance point of view on trends in CEE, claims levels and the future of brokers in the region.
Mapfre begins assistance operations in Malta
Spanish insurer launches Maltese subsidiary of Mapfre Assistencia.