insurance industry
Waterland Financial acquires MetLife’s Taiwan unit
Taiwan's Waterland Financial Holding announced Monday it will pay 112.5 million US dollars for the acquisition of US insurance giant MetLife's local unit.
Waterland, a...
Energy insurers must cope with rising power demand unchecked by the recession
The economic recession has barely dented global usage of electricity in the long term leaving both power generators and their insurers having to cope...
Insurance association BIBA launchs “Facts about limitation of liability”
The British Insurance Brokers’ Association (BIBA) has launched a new publication to provide clarification to brokers on the issue of limitation of liability when...
XL Insurance sets up Casualty Operation for Middle Market business in Ireland
XL Insurance, the global insurance operations of XL Capital Ltd (NYSE: XL), today announced the launch of its new Dublin based underwriting operation for...
Reinsurer Swiss Re estimated a big disaster bill in 2010
Disasters killed 15,000 people and cost the world 62 billion dollars in 2009, but the insurance industry could face a financial bill five times...
75% of UK SMEs say competitive price is key factor in buying business insurance
Lowest premium is key insurance buying factor as insurer and broker advice is undervalued according to QBE Survey.
Key points
75% of UK SMEs say...
Insurers confidence to be more difficult to sustain as brokers confidence boosted
Life Insurance
Life insurance companies saw a rise in new business values for the first time in over two years, although other income values fell...
UK commercial insurers could be hit by the recession due to more risks
U.K. commercial insurers could be hit with a raft of new claims in the coming years due to businesses taking on much more risk...
Natural catastrophes cost insurers $20 billion in 2009
Aon Benfield today releases its Annual Global Climate and Catastrophe report, which analyses global natural perils in 2009 and the resultant economic and insured...
Buyout market subdued in 2009, but pipeline of business good
The turmoil in the economy and general increase in buyout prices has had a big impact on the buyout market. The latest Market Watch...
Insurance proved its resilience throughout the crisis and is set for growth
Swiss Re’s economists predict that insurance and reinsurance will continue their recoveries in 2010, based on the assumption of a “U-shaped” recovery. Balance sheets...
Ten leading scientific institutions join the Willis Research Network
The Willis Research Network (WRN), part of Willis Group Holdings Limited, the global insurance broker, today announced that 10 leading scientific institutions from the...
AXA awarded ‘Insurer of Choice’ by Auto Body Professionals Club
AXA Insurance has been voted the Insurer of Choice for its vehicle claims management at the Auto Body Professionals (ABP) Club annual ‘Night of...
European stress test to be run in the insurance sector in december 2009
CEIOPS’ Members endorsed in today’s meeting the proposal to run a EU-wide stress test in the insurance sector in December 2009.
CEIOPS will continue to...
“Crash for cash” scammers earn an average of £16,000 per accident
"Crash for cash" scammers earn an average of £16,000 per "accident", according to the body set up to combat this type of fraud.
Richard Davies,...
Zurich named Marketer of the Year by the Direct Marketing Association
Zurich Financial Services Group today received the Direct Marketing Association’s (DMA) Marketer of the Year Award.
The DMA Marketer of the Year honors an individual...
Insurance industry has improved customer outcomes, but has further to go
The Insurance Times Forum, Challenges for 2010 and Beyond has reflected upon the impact of the global financial crisis on the insurance industry, the...
Aon to launch Inpoint to expand its insurance carrier consulting services
Aon Corporation today announced the launch of Inpoint, an Aon company formed to help insurance carriers improve their performance. Inpoint provides advisory and real-time...
One million Brits would consider ‘staging’ a car accident to claim on cover
Desperate Brits are being driven to extreme measures behind the wheel because of the recession, according to moneysupermarket.com. Research from the UK's price comparison...
Aon’s networking breakfast at Ferma highlights emerging role of CFO
Chief Financial Officers (CFOs) are playing an increasingly pivotal role in the risk management of their firm and setting best practice, according to a...
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