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Property and casualty insurers 'overlooked' by investors, says Morgan Stanley
Property and casualty insurers continue to outperform other financial services companies but are more likely to be overlooked by investors who don’t understand the sector, according to Morgan Stanley.
14 July 2008
Natural Catastrophe insured losses in 2008 reach $13bn, says Munich Re
Insured losses from natural catastrophes so far this year have totalled $13bn in a period that will be remembered for years to come for its high natural catastrophe death toll, according to reinsurance giant Munich Re.
14 July 2008
SEC discovers 'significant weaknesses' in rating agencies
The Securities and Exchange Commission (SEC) has revealed "significant weaknesses" in ratingspractices following a 10-month investigation into rating agencies Moody's, Fitch and Standard & Poor's (S&P).
14 July 2008
UIB settles with Marsh over poaching case
Marsh has made an out of court settlement with United Insurance Brokers (UIB) over claims that the broker poached senior aviation staff, according to reports.
14 July 2008
Insured losses from Midwest flooding could be largest in 15 years
Insured losses from recent flooding in the US Midwest could be "as large or larger" than those recorded during the Great Flood of 1993, according to Standard & Poor's (S&P).
14 July 2008
Investor pressure forces Zurich out of RBSI race
Investor pressure is thought to have been the key driver behind Zurich Financial Services (ZFS) sudden exit from the bidding process for the insurance business of the Royal Bank of Scotland (RBS) announced last Thursday (11 July).
14 July 2008
Former Euclidian exec to head THB Group MGA
AIM-listed broker THB Group has appointed former Euclidian chairman James Truscott as managing director of its new underwriting agency Unicorn Underwriting Ltd.
14 July 2008
PartnerRe receives Brazilian licence
PartnerRe Ltd has become the latest reinsurer to enter the newly-deregulated Brazilian reinsurance market after receiving approval from the market regulator, SUSEP.
14 July 2008
Following markets put upward pressure on airline rates
Static premium rates for lead hull & liability during June disguised an underlying trend in following markets that will see many airline operators find their cost of insurance higher than last year, according to broker Aon.
14 July 2008
SCOR to make 200 redundancies in savings drive
French reinsurer SCOR has announced plans to make 200 redundancies across the group as part of the reinsurer's integration of acquisitions Converium and Revios.
14 July 2008
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