insurance industry
RSA abandons one billion dollar rights issue plan
After unsuccessfully searching the markets for takeover targets, RSA has abandoned plans to raise one billion dollars in a rights issue.
In its effort to...
Interview with Torsten Jeworrek, Board member of Munich RE
The insurance industry is changing and with it the demands placed on reinsurance. Merely providing capacities at competitive prices will no longer off er...
News-Insurances.com announces today its official launch
Few months after a test period, News-Insurances.com announces today its official launch.
News-Insurances.com is the new independent media exclusively dedicated to the insurance sector.
The main...
Zurich warns general insurance industry to act on climate change
'The community, including the general insurance industry, must urgently act on the issue of climate change'. Many brokers believe they have a major role...
Association of British Insurers worried about UK competitiveness propose solutions
80% of UK insurance executives surveyed by the ABI feel that if the Government fails to improve competitiveness, there will be a drop in...
Release of the U.S. Quarterly Market Overview for Property, Casualty, and Directors’ and Officers’ Lines
Aon Corporation, the leading global provider of risk management services, today released its U.S. Quarterly Market Overview for Property, Casualty, and Directors' and Officers'...
Swiss Re ready to support clients in seizing business opportunities
Swiss Re strongly positioned to offer capacity, enabling clients to seize business opportunities, while maintaining a stringent focus on profitable underwriting.
Stefan Lippe, Swiss Re’s...
Insurance mergers and acquisitions activity to increase in 2010
The insurance industry will see a pick up in mergers & acquisitions (M&A) activity in 2010, according to Tony Ursano, Chief Executive Officer of...
SBI-AXA life insurance introduces Japan’s first automated underwriting engine for life insurance
Japans SBI-AXA Life Insurance Company Ltd. today announced the launch of a new processing system for life insurance applications. This will allow faster applications...
New AIG CEO Robert Benmosche will Get $7M Annual Salary
AIG (American International Group) said Monday that it agreed to pay new Chief Executive Robert Benmosche an annual salary of $7 million. The compensation...
The Global Economy: A weak recovery ahead ?
Zurich Financial Services Group’s latest issue of the Economic Outlook highlights the following topics :
Leading indicators for major economies seem to have passed...
Brit Insurance appoints Fiona Gibbs as Motor Fleet Underwriter
Brit Insurance Holdings PLC, ("Brit Insurance" or "The Group"), the international general insurance and reinsurance group, today announces the appointment of Fiona Gibbs as...
AIG board of directors confirms Robert H. Benmosche as president and CEO
American International Group, Inc. (AIG) today announced that its Board of Directors has elected Robert H. Benmosche President and Chief Executive Officer. Mr. Benmosche...
AIG appoints New CEO : Robert Benmosche
Robert Benmosche, the former chairman and chief executive of MetLife Inc., has been selected to be the new CEO of American International Group Inc.,...
Heavy losses due to severe weather in the first six months of 2009
The natural catastrophe figures for the first six months of 2009 were marked by heavy losses due to severe weather in areas with a...
The Insurance Fraud Awards 2009 shortlist announced
Fraud is at the top of the general insurance industry’s agenda in 2009 as economic pressures created by a turbulent economy provide an increase...
Challenges and opportunities facing the UK Insurance Industry
The Insurance Industry Working Group (IIWG) today published its report into the medium and long-term challenges facing the insurance industry.
The group was set up...
Special Report shows importance of insurance to the economy – recommendations must be implemented in full
Report shows importance of insurance to the economy – recommendations must be implemented in full
Responding to publication today of the Insurance Industry Working Group,...
AIG forms special purpose vehicle to advance separation of global property casualty and general insurance franchises headed by Kristian P. Moor
American International Group, Inc. (AIG) today announced that it has formed the special purpose vehicle (SPV) into which it intends to contribute the equity...
UK life insurers were tested with easier stress-test than banks.
According to Financial Services Authority, life insurers could survive a recession that assumed a 15 percent drop in property prices in 2009.
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