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Takaful overtaking conventional insurance
Middle East
Online Published Date:
28 April 2008
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836 - 28 April 2008
Micro insurance in China
Asia
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28 April 2008
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836 - 28 April 2008
Corporate manslaughter cover
Europe
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28 April 2008
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836 - 28 April 2008
New pricing model for CEA
US
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28 April 2008
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836 - 28 April 2008
US most popular destination for captives
International
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28 April 2008
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836 - 28 April 2008
Aviation
4.4, crash, fatalities
Suriname: experts from the Netherlands were due to arrive in Suriname to help identify victims of a plane crash in a remote jungle that killed all 19 on board. The twin-engine Antonov-AN28, operated by Surinamese carrier Blue..
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28 April 2008
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836 - 28 April 2008
Marine
3.4, sale of bulk carrier
South Africa: the sale of bulk carrier Lady East
in Richards Bay for an unexpectedly high figure, illustrated the unprecedented demand for tonnage in the global shipping market. The vessel was sold for $6.575mn. At..
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28 April 2008
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836 - 28 April 2008
Liability, awards and settlements
9.4, Andrew J. Barberi, settlement
US: the family of a man killed in the 2003 crash of ferry Andrew J.Barberi
agreed to a $1.5mn wrongful-death settlement with the city, their lawyer said. The victim was one of 11 people who died when the..
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28 April 2008
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836 - 28 April 2008
Property damage and business interruption
1.4, chemical spill
Australia: a chemical spill in the Broughton River was described as the worst environmental disaster in history for the Charters Towers region in north Queensland. Land-holders along the river use it for drinking water and..
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28 April 2008
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836 - 28 April 2008
Chubb Corporation
Chubb’s exposure in hurricane risk states like Texas is less than 5.0%. Indeed, no state – other than New York, California and New Jersey - accounts for more than 5.0% of the group’s premium income
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28 April 2008
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836 - 28 April 2008
Foreign investors wait for next wave of market consolidation
The life market has been undergoing fundamental change since about half of the foreign companies that obtained licences during the period 1995 to 2000 have withdrawn or merged. Interest rates have fallen and the larger life offices, in particular the foreign companies, have repriced their traditional products and are moving away from guaranteed interest rate returns to participating and investment-linked contracts, which will put further pressure on the smaller domestic companies to compete
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28 April 2008
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836 - 28 April 2008
Sector recovery cut short by IMF judgement on credit crisis
After two successive periods of quite strong recovery amidst the general turmoil, the insurance and reinsurance stocks tracked by WIR deteriorated markedly for the fortnight ending 17 April as the market was confronted by a series of bad news..
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28 April 2008
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836 - 28 April 2008
Coface looks to Ecuador and Uruguay for regional growth
The credit insurer wants up to 40% growth • Colombia proposes reform for US free trade pact • Delay strikes Costa Rica market opening • Dominican Republic premiums up • Peru pensioners offered currency options • Paraguay market stagnating
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28 April 2008
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836 - 28 April 2008
Foreign companies line up to enter Brazilian reinsurance market
Companies are emphasising the provision of risk management consulting services as much as the provision of reinsurance capacity to the Brazilian primary insurance market
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28 April 2008
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836 - 28 April 2008
Regulator expects more new entrants to insurance sector
The rate of growth in India’s life insurance sector will attract further investors, particularly from banks
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28 April 2008
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836 - 28 April 2008
LIC’s market share slips as industry premiums double
Private insurers are closing down the gap on India’s only public sector insurer
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28 April 2008
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836 - 28 April 2008
Insurers’ association backs extension of Solvency II to pensions
New solvency rules would provide some much-needed harmonisation to pension fund arrangements in Europe, says the CEA
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28 April 2008
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836 - 28 April 2008
Sava Re launches IPO to fund further expansion plans
The reinsurer has diversified into direct insurance • European property cat reinsurance rates to record renewal falls, Aon
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28 April 2008
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836 - 28 April 2008
Soft market conditions “accelerating” in first quarter
Two market surveys agree that 2008 will not see an end to soft premium rates
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28 April 2008
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836 - 28 April 2008
Hurricane predictions need to take a longer view
With another active storm season in sight, forecasters are under pressure to improve accuracy
Online Published Date:
28 April 2008
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836 - 28 April 2008
Return to profit at least two years away for mortgage insurers
S&P downgrades four insurers as unemployment levels near 6% and fourth quarter results show further deterioration
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28 April 2008
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836 - 28 April 2008
Grasping the unknown: Understanding workers’ compensation accumulations
Since the 9/11 terrorism attacks, the insurance and reinsurance industries have intensified their efforts to develop a better understanding of workers’ compensation accumulations. “Known” accumulations – which identify where..
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28 April 2008
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836 - 28 April 2008
The influence of reinsurance capacity on primary market underwriting cycles
As with past cycles, the property/casualty insurance industry’s success is contributing to the deterioration of the market. Capital has grown tremendously in recent years despite significant recent growth in capital outflows from dividends and..
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28 April 2008
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836 - 28 April 2008
Pay as you drive insurance in France
The country has been slower than its EU peers to adopt pay as you drive schemes owing to privacy concerns raised by the national data watchdog
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28 April 2008
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836 - 28 April 2008
A good start for Platinum
The business shown to Everest Re, one of the two early reporting companies, was more often rated less adequately than its renewing business. Joe Taranto, the company’s chief executive, said that the market was “into that normal part of the cycle where you have to work hard to get the proper margins”, but that it was doable
Online Published Date:
28 April 2008
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836 - 28 April 2008