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Zurich hit by $440mn German PI reserve strengthening
Zurich Insurance Group surprised markets this morning with a $550mn pre-tax Q3 charge for increased claims reserves on its German medical malpractice and architects' and engineers' books, as well as a deferred acquisition cost (DAC) for its German life book
17 October 2012
Swiss Re: Emerging markets still playing commercial catch-up
Developed economies are still by far the largest and most important commercial insurance markets in the world, despite rapid sector growth in emerging countries, according to a Swiss Re Sigma study
17 October 2012
PRA to practise ‘judgement-based’ supervision
The Bank of England and the Financial Services Authority (FSA) have said that the UK's new prudential regulator will emphasise judgement, new risks and the different needs of individual businesses when regulating insurers
16 October 2012
Mapfre’s shares shrug off S&P downgrade to rise 7%
Spanish (re)insurer Mapfre's share price surged 7 percent higher yesterday (16 October) as senior German politicians signalled a willingness to extend financial support to Spain's ailing economy
16 October 2012
European run-off market hits EUR220bn
PricewaterhouseCoopers has estimated the non-life European run-off market's total size at EUR220bn in 2012, essentially flat on last year's EUR218bn
16 October 2012
European insurers lead re-rating march
Valuations for (re)insurers in The Insurance Insider's P&C universe
16 October 2012
M&A 2012 transaction tracker
2012 transaction tracker
16 October 2012
Data room: Stock movements
2012 broker M&A transaction tracker
16 October 2012
Brown & Brown organic revenue growth drops
New York-listed broking house Brown & Brown has reported a reversal of its upward trend for organic growth, with 1.0 percent underlying growth achieved in the third quarter compared to 3.2 percent in Q2
16 October 2012
Alterra reveals $35mn Q3 cat toll
Bermudian (re)insurer Alterra has told investors that it expects to take $22.5mn of pre-tax losses from its US crop reinsurance portfolio and a further $10mn-$15mn from Hurricane Isaac
16 October 2012
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