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Admiral profits up on lower claims
UK motor insurer Admiral reported a bigger-than-expected 6 percent increase in its half-year profit, with lower claims offsetting a drop in revenues as the company retrenched amid falling prices.
29 August 2013
Zurich shares drop after chairman's surprise exit
Shares in Zurich Insurance Group fall after chairman Josef Ackermann quits unexpectedly, saying he felt unable to continue in the role following the death of chief finance officer Pierre Wauthier on 26 August.
29 August 2013
Stable outlook for US P&C sector as property undermines rate momentum
The US P&C insurance sector will continue to see moderate rate firming pushing underwriting margins into favourable territory over the next 12 to 18 months, according to rating agency Moody's.
28 August 2013
Property firm sues Zurich over Sandy losses
An Israeli-based property developer has sued Zurich Insurance Group over $20mn worth of damage the firm suffered in Superstorm Sandy
28 August 2013
FSB urges US to centralise insurance regulation
The G20's Financial Stability Board (FSB) has called on US federal regulators to do more to harmonise insurance supervision across the country, in a move likely to rile state entities
28 August 2013
Alternative capital could take shine off reinsurance stocks: Goldman Sachs
Reinsurance stocks could become less attractive to investors as growing competition and "creative destruction" from the insurance-linked securities (ILS) market erodes traditional reinsurers' earnings, according to analysts at Goldman Sachs.
28 August 2013
The men of 2013
Charman, Jain, McGill. These three mavericks have dominated the industry headlines this year with their bravado performances. But what is driving them?
Marcus Scriven
,
28 August 2013
America's next top model?
The impact of the latest RMS Atlantic hurricane model on (re)insurers remains uncertain
28 August 2013
Surgical precision
Charman wields the scalpel at Endurance to create a fighting fit business with big ambitions...
28 August 2013
On the rocks
The Costa Concordia shipwreck has led influential underwriters to call for the marine reinsurance market to be overhauled following an unprecedented escalation in losses from the event
28 August 2013
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