All News articles – Page 271
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US P&C profits more than double in 2012
Industry remains well-capitalised despite Sandy, says AM Best
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Aetna fined $1bn for Washington state violations
Insurer issued unapproved policies and failed to file legally required documents, says Washington state insurance commissioner’s office
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US property catastrophe rates up 10-30% on Sandy affected accounts
But European rates flat to -5% at 1 Jan renewals, says Aspen Re
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Miller strengthens reinsurance team
New hire Condon to focus on power generation and distribution book
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MS Frontier granted approval to write business in Malaysia
Reinsurer branches out from Bermuda base
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Global reinsurance rates flat at Jan 1 renewals
Willis Re report says international and US property catastrophe rates remained constant despite Sandy impact
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‘Several’ interested in QFCA’s Qatarlyst stake
QFCA looking to sell all or part of (re)insurance technology firm
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Validus expects $333m Sandy loss
Flagstone’s $39.1m loss from US storm will not hit Validus results
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Endurance puts Sandy losses at $160m
78% of claims to stem from company’s reinsurance segment
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Bermuda big-hitters expect multi-million-dollar Sandy claims
PartnerRe and Arch estimate losses from US storm
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Moody’s negative on Markel after Alterra buy
Rating agency concerned with ‘significant execution risk’ of deal
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Lancashire and Amlin reveal Sandy losses
US storm could cost Lancashire $60m and Amlin $235m
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Markel to buy Alterra for $3bn
Markel to pay $31 per share for Bermuda (re)insurer in stock and cash deal
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Catastrophes of 2012 to cost industry $65bn – Swiss Re
Insurers on the hook for almost half of the year’s $140bn economic losses
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Cooper Gay hires Aon's Yip as HK treaty head
Appointment part of broker’s Asian expansion drive
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New premier for Bermuda as OBA topples PLP
OBA’s Craig Cannonier to replace incumbent Paula Cox after election battle
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Allianz pays SEC $12.4m over Indonesia bribe charge
Insurer’s Indonesian subsidiary made ‘improper payments’ to win business, SEC investigation finds