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AIR Worldwide : revises its industry loss estimates for Hurricane Irene
AIR Worldwide has revised its industry insured loss estimates for Hurricane Irene’s impact in the Bahamas to between USD 200 million and USD 400...
Insurers signing up to flood courses to prepare for winter
A press release from the National Flood School has revealed that a large number of insurers are showing interest in improving their preparation for...
Fitch Ratings : Irish Life Assurance on Rating Watch Evolving
Fitch Ratings has placed Irish Life Assurance’s ratings on Rating Watch Evolving. These include the company’s IFS, IDR and subordinated debt rating.
The rating action...
AIA : rumoured to be interested in Prudential takeover
New rumours abound over the possible takeover of insurance giant Prudential this week, ensuring the firm’s stock price soared.
One of the names mentioned as...
Aon : named for the 2011 InformationWeek 500
Aon Corporation has been named to the 2011 InformationWeek 500, an annual listing of the nation's most innovative users of business technology.
"Aon prides itself...
S&P : Groupama placed on CreditWatch Negative because of likely weakening Financial profile
Standard & Poor's Ratings Services placed its 'BBB+' long-term counterparty credit and insurer financial strength ratings on France-based composite insurer Groupama S.A. on CreditWatch...
S&P : French CNP Assurance outlook negative and long term rating ‘AA-‘ is confirmed
Standard & Poor’s has revised its outlook on French insurance company CNP Assurance and its guaranteed entity CNP Caution from stable to negative. At...
AXA : expects India regulators to accept reliance deal by the end of the year
A senior executive at AXA has said they are awaiting regulatory approval by the end of the year to swap its majority partner in...
Inflation : more problematic for insurers than disasters and debt?
Insurers are at more risk as a result of inflation than they are as a result of natural disasters, such as tsunamis, or from...
AIR Worldwide : European wind and earthquake catastrophe models updated
Catastrophe risk modeling firm AIR Worldwide (AIR) released updates to its Extratropical Cyclone and Earthquake Models for Europe. Both models were significantly expanded to...
Fitch Ratings : Austrian insurers are well capitalised as they engage in Eastern European markets
In a new report, Fitch Ratings sais that prospects for Austrian insurers are closely linked to Central Eastern and Southern Eastern Europe (CESEE), as...
MIB : UK’s uninsured driving hotspots identified
The Motor Insurance Bureau reveals uninsured driving hotspots. Despite the overall drop in uninsured driving in the last five years, the rate of progress...
Munich Re : sees January 2012 renewal rates rise slighlty
Munich Re’s board member Torsten Jeworrek announced contract rates should rise for the renewal period of January 2012 when compared to 2011.
For instance, rates...
Which? : consumers back bank ring-fencing plans
Recent research from Which? shows that a majority of consumers do not think the banks (76%) or the Government (71%) have done enough to...
Aon Benfield : released its 2011 Insurance Risk Study
Aon Benfield’s 2011 Insurance Risk Study has just been released. The study, now in its sixth edition, provides underwriting volatilitybenchmarks that are a...
Aon Benfield : latest report on reinsurance market outlook
Aon Benfield has released its Reinsurance Market Outlook – Value Creating Capital report, which reviews major events in the year to date and highlights...
OFT : launches investigation into car insurance costs
The Office of Fair Trading (OFT) has announced it is launching a major investigation into the rising cost of car insurance.
The OFT said it...
Swiss Re : 2011 second most expensive for catastrophe loss
Earthquakes in Japan and New Zealand, storms in the United States and floods in Brazil have caused widespread death and disrupted the lives of...
Swiss Re : healthy future of ILS market predicted
A new report by Swiss Re has predicted that the market for insurance-linked securities (ILS) is set for growth.
The report, entitled ‘The Fundamentals of...
S&P : revised Allianz Russia’s outlook to stable
Standard & Poor’s has revised Allianz Russia’s outlook from negative to stable. They have affirmed a ‘BBB-‘ counterparty credit and financial strength, and ‘ruAA+’...
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