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Future global insurance growth comes with greater risk
In future insurers will have to take on considerable additional risk in certain jurisdictions in order to realise growth, according Bob Hartwig, president of the Insurance Information Institute.
06 December 2010
AIG chairman plays down second bond issue reports
American International Group (AIG) chairman Steve Miller has played down reports that the insurer is considering another debt issuance after successfully selling $2bn of bonds last week.
06 December 2010
US reinsurers’ Q3 underwriting profits halve
US-based P&C reinsurers' underwriting profits more than halved from $703mn to $304mn in the first nine months of 2010, according to data compiled by the Reinsurance Association of America (RAA).
06 December 2010
Lloyd’s insurer Barbican approved to go it alone
Private equity backed Lloyd's insurer Barbican has now received approval to form its own Lloyd's managing agency, as predicted by The Insurance Insider last month.
06 December 2010
Fairfield MGA start-up lures Ryan exec
Adam Barker, one of the executives to break away from HCC Global (HCCG) to join Ryan Specialty Group's (RSG) nascent London operations, has left the firm by mutual consent, The Insurance Insider can reveal.
06 December 2010
Novae shareholders welcome capital return
Shares in Novae Group closed up 10 percent last week after the Lloyd's insurer confirmed plans to return £33mn of capital - or almost 15 percent of its pre-announcement market capitalisation - to shareholders.
06 December 2010
Lloyd’s players boosted by benign Q3 and investment uptick
Lloyd's insurers' full-year earnings forecasts have been revised upwards after a forgiving third-quarter loss experience and stronger-than-expected investment returns.
06 December 2010
Bolt steps up scrutiny of ‘off-slip’ broker payments
Lloyd's underwriting tsar Tom Bolt has reiterated his stance on so-called "off-slip" payments made to intermediaries by Lloyd's insurers.
06 December 2010
ZFS aims for 93% non-life combined ratio
Global insurer Zurich Financial Services (ZFS) unveiled plans to cut costs last week as part of a bold drive to slash 3-4 percent off the combined ratio of its non-life operations.
06 December 2010
Good news on tax
Under today's political and economic circumstances, the new UK coalition government deserves an awful lot of credit for its stance on attempting to encourage international business to remain or locate in Britain.
06 December 2010
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