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Generali : will buy out an insurance joint venture from Czech group PPF
Italian insurance giant Generali said it will buy out an insurance joint venture from Czech group PPF, acquiring the 49 per cent of the...
Aon Benfield : Impact Forecasting December catastrophe report
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, releases the latest edition of its monthly Global Catastrophe Recap report, which...
Robert Benmosche to receive the 2013 Insurance Hall of Fame Award
The International Insurance Society (IIS) has announced Robert H. Benmosche, President & CEO, AIG, as the 2013 Insurance Hall of Fame winner. Mr. Benmosche...
Willis Re: Superstorm Sandy Impacts Downwards Pricing Pressure on Reinsurers and Marine Classes Suffer Worst Year in Recent History at 1.1. Renewals
With natural catastrophe losses for 2012 estimated at fifty percent less than last year’s losses of USD 120 billion, most reinsurers are not facing...
AXA Wealth : comment on FSA’s research
Andy Zanelli, head of retirement planning, AXA Wealth, comments on FSA research that says a third of consumers believe financial advice is free.
"Today's research...
S&P : downgrades French insurer AXA
Rating firm Standard & Poor's lowered its rating on French insurer AXA, citing its exposure to the troubled eurozone.
S&P said it cut AXA Group's...
Fitch Ratings : Hannover Re’s ratings affirmed
Fitch Ratings has affirmed Hannover Rueckversicherung AG's (Hannover Re) and its reinsurance subsidiary E+S Rueckversicherung AG's (E+S Re) Insurer Financial Strength (IFS) ratings at...
Lloyd’s : Sandy claims up at $2.0-2.5 billion
Lloyd's of London said claims arising from Superstorm Sandy would cost the insurance market $2.0-2.5 billion (1.5-1.9 billion euros).
"Lloyd's, the world's specialist insurance market,...
Fitch Ratings: declining yields could pose ‘Bond Bubble’ threat for corporate bond investors
Declining yields for corporate bonds have created the potential for a 'bond bubble' under which a rising interest rate scenario could result in significant...
Swiss Re : insurers to pay for close to half of the USD 140 billion in economic losses caused by natural catastrophes and man-made disasters
According to Swiss Re sigma preliminary estimates, total insured losses from natural catastrophes and man-made disasters will reach approximately USD 65 billion in 2012....
Fitch Ratings : Gender Ruling will change UK insurance prices
The EU ruling prohibiting insurers from setting premiums along gender lines provides a one-off opportunity to raise rates with the introduction of the new...
Equinox Global announces new partnership with Jubilee
Equinox Global Limited, an approved Lloyd’s cover holder and specialist in trade credit insurance, is pleased to announce that it has secured additional capacity...
AIG : to sell final shares in AIA
US insurance giant American International Group (AIG) will sell its remaining stake in Asian insurer AIA, in a deal that could raise up to...
Zurich : Superstorm Sandy impact at $700 million
Swiss insurer Zurich Insurance Group said on Monday that Superstorm Sandy had hit it with claims worth about $700 million (532 million euros).
"It's difficult...
Allianz : fined by US Securities and Exchange Commission over Indonesia bribe
US securities regulators charged German insurer Allianz SE on Monday with bribing Indonesian government officials, and fined the company $12.3 million for violating overseas...
AIG : pricing on final shares in AIA unveiled
US insurance giant American International Group said Monday it had priced the Hong Kong sale of its remaining stake in Asian insurer AIA.
AIG said...
Zurich : Brits still confused by sickness benefit entitlement
New research from Zurich shows that the majority of UK adults are unaware of the limited financial support available to them if they become...
Central European Bank and the Financial Stability Review
The ECB's Financial Stability Review highlights a tangible easing of euro area financial stability strains since the summer that has been evident across various...
XL Group : announces preliminary loss estimates for storm Sandy
XL Group has announced its preliminary net loss estimate related to Storm Sandy of $350 million, pretax and net of reinsurance and reinstatement premiums....
Asta announces transfer of ICAT Syndicate 4242
Asta Managing Agency Ltd; the Lloyd’s leading third party syndicate manager, is pleased to confirm that subject to final Lloyd’s approval, management of ICAT Syndicate...
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