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  • Insurance simply does not present the same systemic risks as banking, so regulators should not treat the two sectors in the same way, the chief economist of Swiss Re today told an industry forum in London.
  • Zurich Insurance and Munich Re are at the vanguard of a public-private network launched to develop insurance products for low-income people in emerging markets.
  • Companies who think more astutely about managing their risk exposures will reduce the volatility in the cost of financing risk, according to a report by broker Marsh.
  • The spectre of asbestos has returned to haunt reinsurance giant Munich Re as it revealed in its full annual report this morning (20 March) a $600mn strengthening of loss reserves for related claims.
  • US military mutual USAA's thirteenth cat bond, Residential Re 2009, became the latest insurance linked security (ILS) to increase in size this year apparently confounding market wisdom that high yield expectations from investors is deterring issuance.
  • Australian insurer QBE has warned that the global insurance market is likely to remain soft for the next 12 to 18 months.
  • Omega Insurance was the first Lloyd's insurer to raise capital following the bail-out of AIG and collapse of Lehman Brothers last September and, in a trading statement, the firm says its decision is being validated...
  • Net income at Zurich Financial Services (ZFS) strengthened by 86 percent to $1.35bn in the second quarter as its results benefited from a positive $4.5bn year-on-year swing on unit-linked investments
  • A temporary restraining order has been issued against Bermudian (re)insurer Arch Capital Group (Arch) over its poaching of a 30-strong property fac team from US rival General Reinsurance Corporation (Gen Re), The Insurance Insider can reveal.
  • Speculation is mounting over the insurance industry's exposures to Enron - the giant US energy group that filed for bankruptcy protection last week. While initial fears concentrated on possible D&O and professional indemnity losses, concerns are rising ov