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Local groups look to regional market for growth
Vietnam, Laos and even Taiwan are targets for Japanese and Korean companies
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Life insurers end two-year premium decline
Sales in March alone were up 22%, with the demand for life insurance driven by low interest rates on savings accounts
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Eureko enters fresh PZU talks with Poland
The two sides have signed another agreement to avert arbitration proceedings over the ownership of Polish insurer PZU
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Industry ‘strong in the face of adversity’ on multiple fronts
Sector’s net income would have been lowest for 20 years but for loss suffered in 2001 as result of World Trade Centre attack
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
New life insurance sales shrink by 6%
India’s state-run general insurance companies lost market share in 2008-9 to the private players
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
State banks will compete for life and non-life business
The insurance and banking regulators are likely to allow the Bank of China to open an insurer this year
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Solvency II approved, minus controversial group rules
But concerns remain about amendments to the treatment of equity risk which the EU Internal Market and Services Commissioner warned could result in the introduction of “an imprudent regime” for investment in risk-based capital
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Munich Re reduces stake in UK’s Admiral
The sale will contribute €107mn to Munich Re’s second quarter results after “gratifying rise” in Admiral’s share price
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Bolivia launches single market regulator
Premiums from Bolivia’s insurers increased by 25% in 2008
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
BNP Paribas takes majority stake in South Korean insurer
Foreign players are continuing to increase their investment in Asia, despite the economic slowdown
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
US P&c companies distance themselves from AIG and life insurers
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Foreign investment limit raised to 70%
Overseas insurers will also be allowed to hold majority stakes in takaful companies
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Berkshire Hathaway
Although the Omaha-based investment holding company Berkshire Hathaway’s insurance and reinsurance operations delivered an underwriting profit for the sixth consecutive year last year (despite an increased level of catastrophe losses), 2008 was a tough year for the group with overall net profits slumping from $13.2bn in 2007 to $4.99bn. Consolidated revenue also fell by $10.5bn to $107.8bn. Losses of around $900mn from hurricanes Gustav and Ike resulted in a reduced underwriting profit of $2.8bn in 2008 for the company’s (re)insurance operations, Berkshire’s core business. This figure was $582mn, or 17%, down on the previous year’s surplus.
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Government reluctant to privatise state-owned insurers
The increase in non-life gross written premium income in Tanzania in recent years (the market expanded by 29.7% in 2007) is attributed to a number of factors, not least the improvement in the economic environment that has inevitably led to more demand for insurance. In addition, the public is gradually regaining confidence in the insurance sector, together with greater compliance of the non-admitted insurance regulation by the business community. Although these regulations continue to be flouted, Tanzania’s Insurance Supervisory Department (ISD) is forging ahead with its programme to educate the public and increase its efforts to seek out and impose penalties on those not complying
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
AIU Holdings targets federal projects
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
World Loss Log: 31 March - 27 April 2009
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Zurich Global Energy appointment
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
ITIC maintains loyalty credit
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
‘White listing’ puts Guernsey in pole position in China
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Management of markets in diverse cultures
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Tough times call for a new approach from insurers
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Much reduced appetite for Brazilian business
The financial crisis, coinciding with several significant losses, have caused some reinsurers to withdraw capacity from the market
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
Majority of kidnapping incidents still occur in Latin America
Kidnapping is a thriving business that is more common than companies would like to admit. Statistics are difficult to gather because only about 10% of incidents are reported on average
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009
RenRe gets Lloyd’s license
Online Published Date:
12 May 2009
Appeared in issue:
860/861 - 11 May 2009