Insurance
-
Soft market was reason to be disciplined at renewals report Munich Re
Reinsurance rates continued to soften across lines and regions at the 1 January renewals, with some major German reinsurers demonstrating…
-
Lord Levene warns against over regulation
The chairman of Lloyds’ of London, Lord Levene, has joined the chorus of insurance leaders who have warned against the…
-
Rhine spillage hits ship owners and industry
With the Rhine still closed to ships travelling downriver companies and ship owners alike have been hit with business interruption…
-
Stability in Nordic region as high capacity cancels out losses
The Nordic region suffered rising losses last year as both bad weather and a series of industrial fire losses hit…
-
Benelux remains a buyer’s market
Aon Benfield reported that the Dutch primary market, especially on the commercial and industrial property side, ‘continues to soften’ with…
-
No major losses at last and buyers reap rewards
The Austrian insurance market has suffered some big losses in recent times and 2010 finally provided the market with some…
-
Marsh: Soft market continues into 2011 but negotiations may become tougher
[New York]—International broker Marsh expects the soft insurance market to continue in 2011, but warns that the years of commercial…
-
Central/Eastern Europe: Big growth market but high losses in 2010
Reinsurance broker Guy Carpenter reported that reinsurance rates in the Central and Eastern European (CEE) region were driven by loss…
-
Hannover Re reports ‘disciplined softening’ in rates
Germany’s Hannover Re experienced a ‘disciplined softening’ of rates for non-life reinsurance at the 1 January renewals, according to Chief…
-
Iberian primary market still softening and reinsurance capacity abundant
Despite a tough period for both the Spanish and Portuguese economies and plenty of losses in the Latin American market…
-
Spanish premiums hit by downturn
Insurance premiums were down in Spain last year, as the industry suffered from a tough economic downturn. According to the…
-
The specifics
The IASB singled out a number of key areas within the proposed accounting standards that need ‘re-deliberation’ in combination with…
-
AXA extends annual commitments to brokers
[Deauville]—AXA Corporate Solutions yesterday launched its first set of service commitments to French brokers to complete what CEO Philippe Rocard…
-
In the eye of the beholder– Jerry de St. Paer
Solvency II is not the only new set of rules that will fundamentally change the way the insurance industry operates…
-
FFSA numbers confirm tentative recovery begun
Non life insurance premiums produced only modest growth in France in 2010, as a result of fierce competition in the…
-
Not the time to drop the ball–Lex Baugh
For Chartis 2010 was a year of reconstruction and renewal as it sought to forge its own identity and prove…
-
AIG sells Star and Edison life to Prudential for $4.8bn
American International Group has announced that it has sold AIG Star Life Insurance Co and AIG Edison Life Insurance Company…
-
GAREAT–Rates fall 10% as capacity flocks to cat pool
[Paris]—Reinsurance rates charged by GAREAT, the French terrorism pool, for large risks fell by 10.7% at this year-end renewal compared…
-
AGCS denies soft French market forces 10% volume drop
Axel Theis, Chief Executive of Allianz Global Corporate & Specialty (AGCS), has denied rumours in France that the insurer opted…
-
Renault files industrial espionage case against ‘persons unknown’
Renault stated last month that it had filed a complaint with the French prosecutors’ office against ‘persons unknown’ for acts…