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Reserve releases 'not sustainable'
The double digit reserve releases reported by a number of Bermudian (re)insurer's in 2007 are unlikely to continue, according to a report by ratings agency AM Best.
06 May 2008
Virgin account to test airline rates as aerospace continues to slide
The 1/5 renewal for Virgin will be a bellwether on the health of the airline market following signs earlier this year that rates had finally stopped falling.
06 May 2008
Lloyd's to pilot messaging hub
Lloyd's will pilot its new messaging hub, the Lloyd's Exchange, in the third quarter of this year, The Insurance Insider can reveal.
06 May 2008
£60mn+ UK takaful start-up given go-ahead
Principle Insurance Company Ltd is to launch as the first dedicated British takaful provider after receiving authorisation from the FSA.
06 May 2008
Large risk losses now top $6bn
But impact on softening rates not expected outside affected industry sectors
06 May 2008
Swiss Re shares slide as profits halve on credit losses
Swiss Re shares fell more than 5 percent this morning after the reinsurance giant continued to disappoint analysts with further structured credit losses that halved Q1 profits.
06 May 2008
Lloyd's acquisition also backfires on IAG
When IAG bought the Singapore-focussed, Lloyd's platform Alba from Whittington in 2006, The Insurance Insider observed what a tremendous deal it was for the outsourcing firm...
06 May 2008
Broker cost cutting takes gloss of revenue growth
Giant Marsh & McLennan Companies, which was due to report as The Insurance Insider goes to press, has a tough act to follow with its two main broking rivals Aon Corp and Willis Group booking Q1 revenue growth despite...
06 May 2008
Mining losses mount on BI inflation
(Re)insurers will need to dig deep on unprecedented losses fuelled by record commodity prices
06 May 2008
Swiss Re profits halve on credit losses
Swiss Re shares slid more than 6 percent to SFr82.30 after the reinsurance giant continued to disappoint analysts with further structured credit losses that halved Q1 profits.
06 May 2008
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