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Swiss Re upbeat on global economy despite investment challenges
Insurers will benefit from a bounce in the US and global economies next year as quantitative easing programmes continue to fuel demand, according to predictions from Swiss Re.
08 December 2010
Catlin Re Switzerland secures regulator’s approval
Catlin Re Switzerland has received approval from the Swiss Financial Market Supervisory Authority to operate as a reinsurance company.
08 December 2010
Berkshire Hathaway reserve releases ‘unsustainable’
Statutory Q3 reserve release data filed by Berkshire Hathaway suggests it will be unable to maintain its earnings due to over-reliance on prior-year reserve releases, according to Stifel Nicolaus analyst Meyer Shields.
08 December 2010
Canopius and Hiscox fiddled by Stradivarius loss
Lloyd's insurers Canopius and Hiscox will be forced to face the music if attempts to recover a $1.9mn antique violin stolen in London on Monday (6 December) are unsuccessful, The Insurance Insider has learned.
07 December 2010
Tolle steps up to Beazley main board
Former Lloyd's franchise performance director Rolf Tolle has joined the board of Beazley plc, just under five months after joining the board of Beazley Group's Lloyds managing agency Beazley Furlonge
07 December 2010
US P&C softens faster as competition for large accounts intensifies
Price softening in the US P&C sector appeared to speed up in November with a composite rate of minus five percent against the prior-year period, according to the latest data from MarketScout.
07 December 2010
News in brief
Gallagher buys Premier Risk Services; Bermuda to chair IAIS subcommittee; Chubb appoints Katerina Kikillou as London claims manager
06 December 2010
Tokio Marine scheme gets leave to convene
Tokio Marine Europe Insurance (TMEI) received permission from a UK court last week to call a creditors' meeting for its proposed solvent scheme of arrangement.
06 December 2010
Supreme Court will not review Travelers asbestos decision
The US Supreme Court will not review a ruling that allows Chubb Indemnity Insurance Co to seek damages for asbestos injury claims from The Travelers Indemnity Co.
06 December 2010
Qantas threatens legal action over A380 loss
Qantas has threatened to sue Rolls Royce after an engine exploded on an Airbus A380 early last month.
06 December 2010
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