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  • AIG hires 11 bookrunners for AIA listing

    03 September 2010

    American International Group has appointed 11 bookrunners for its pan-Asian life insurance unit’s IPO, The Wall Street Journal reports. More »

  • Discovery posts H1 results

    03 September 2010

    South Africa’s Discovery Holdings has posted results for the first half of 2010. The company’s operating profit increased by 36% to $345.045m, while its gross inflows under management exceeded $5.658bn in the first six months of this year. More »

  • Insurance regulators hire BlackRock

    03 September 2010

    The National Association of Insurance Commissioners in the US has appointed BlackRock to evaluate commercial mortgage holdings for the insurance industry. More »

  • Newbridge sells $1.2bn Ping An shares

    03 September 2010

    Newbridge Capital has raised $1.2bn by selling shares in Chinese insurer, Ping An Insurance, Bloomberg reports More »

  • Title premium insurance drops in Q2: Alta

    03 September 2010

    Title insurance premiums written during the second quarter of 2010 dropped 8.5% as compared with the same period a year ago, according to the American Land Title Association (Alta). More »

  • FEATURE: Murky waters

    02 September 2010

    It looks as though only time will pull the marine insurance out of stable but competitive waters as the global economy gradually heals itself. More »

  • Munich Re opens new Japanese life branch

    02 September 2010

    European reinsurer Munich Re has opened a new life reinsurance branch office in Japan in order to meet the rising demand for consultative services. More »

  • Typhoon Kompasu hits South Korea

    02 September 2010

    Typhoon Kompasu hit South Korea on Thursday morning, killing three people, reports CNN, More »

  • Evacuations as weakened Earl nears North Carolina

    02 September 2010

    Hurricane Earl weakened slightly to a Category 3 storm on Thursday as it approached the North Carolina Coast, reports Reuters. More »

  • AIG applies for AIA IPO

    02 September 2010

    American International Group has filed an application with the Hong Kong Stock Exchange to list its Asian life insurance unit, AIA, reports Reuters. More »

  • Cigna appoints new CFO

    02 September 2010

    Cigna Corporation, the US based global health service and financial company, has appointed Thomas McCarthy, Cigna’s vice president and treasurer, to the position of acting chief financial officer, effective immediately. More »

  • Metropolitan posts H1 results

    02 September 2010

    South African insurer, Metropolitan, has posted results for the first half of 2010, Reuters reports. The firm’s profit has increased by 13% in the first six months of this year. More »

  • QBE subsidiary acquires US specialty firm

    02 September 2010

    Sterling National Corporation, a subsidiary of Australian insurance firm QBE, has acquired Seattle Specialty Insurance Services. More »

  • Standard Life to axe 500 jobs

    02 September 2010

    Standard Life will lay off 500 employees as part of its CEO, David Nish’s efforts to cut costs, Bloomberg reports. More »

Reactions from the global insurance market

News analysis, features and opinion

  • FEATURE: Thiele earns right to be irresponsible

    01 September 2010

    Patrick Thiele is leaving PartnerRe after 10 years. He leaves his successor, Costas Miranthis, a much different firm to the one he inherited.

  • FEATURE: Coping with shocks to the system

    31 August 2010

    Globalisation has opened up a dazzling amount of opportunity for the business world. But it has also produced an unprecedented level of risk for the insurance industry to deal with.

  • PROFILE: Kiln turns up temperature on growth

    30 August 2010

    Now firmly established in the Tokio Marine fold, Kiln is expanding in Asia and elsewhere, according to its CEO Charles Franks.

  • COMMENT: Hurricane Katrina five years on

    27 August 2010

    With the fifth anniversary of Hurricane Katrina hitting New Orleans on August 29, Reactions' editor Michael Loney reflects on how the insurance and reinsurance market has changed since then.

  • COMMENT: Solvency II, The Fifth Element

    25 August 2010

    The approach of Solvency II has a classic sci-fi feel to it, says Reactions' contributing editor Garry Booth. And now that attention is being focused on the fifth quantitative impact study, QIS 5, an insurance remake of the cult sci-fi movie The Fifth Element is in pre-production.

  • FEATURE: Sitting on a tiny reserving cushion

    20 August 2010

    Reserve releases have helped prop up the US property/casualty industry’s results. But releases are running out and a period of reserve deficiencies lies ahead.

  • ANALYSIS: RSA's “bold move” unlikely to work

    17 August 2010

    Aviva and analysts alike do not believe the value of the offer adequately recognises the fact that Aviva is a leading general insurance business in the UK and Ireland, and the number two player in Canada.

  • The July/August issue of Reactions is online

    04 August 2010

    The July/August 2010 issue of Reactions is now online. Click through to read a selection of articles.

  • FEATURE: IASB proposes accounting overhaul

    17 August 2010

    The overhaul of accounting standard proposed in the IASB’s recent exposure draft would be a pain for insurers to comply with. But the benefits outweigh the inconvenience.

  • COMMENT: A revolutionary holiday reveals lessons for insurers

    12 August 2010

    Even when he is on vacation, Reactions’ contributing editor Garry Booth cannot help but think about the implications for the insurance industry.

  • ANALYSIS: AIG’s results show signs of stability

    10 August 2010

    AIG's underlying insurance operations show continued signs of stability, which bodes well for the troubled insurer. But analysts remain concerned about the impact of the government’s exit and the company’s recapitalisation efforts.

  • COMMENT: Bermuda not yet the weakest link

    04 August 2010

    Bermuda is not going away but it is under threat, says Reactions' editor Michael Loney.

  • Legal Analysis: UK Bribery Act

    04 August 2010

    The new UK Bribery Act (the Act), which will come into force in April next year, is designed to provide a more effective framework for the relevant authorities to bring the force of the law to bear on bribery.

Latest News by Sector

North America

Casualty/liability

  • US P/C insurers' earnings down, capital solid

    30 August 2010

    Second-quarter 2010 earnings for US publicly traded property/casualty insurers were down, largely as a result of catastrophe losses, but capital positions remain solid, according to Moody's Investors Service.

Bermuda

Property-catastrophe

Europe

  • FEATURE: Murky waters

    02 September 2010

    It looks as though only time will pull the marine insurance out of stable but competitive waters as the global economy gradually heals itself.

Financial management

Lloyd's and London Market

  • FEATURE: Murky waters

    02 September 2010

    It looks as though only time will pull the marine insurance out of stable but competitive waters as the global economy gradually heals itself.

Legal and regulation

  • Insurance regulators hire BlackRock

    03 September 2010

    The National Association of Insurance Commissioners in the US has appointed BlackRock to evaluate commercial mortgage holdings for the insurance industry.

Poll

How big would insured catastrophe losses this hurricane season have to be to move reinsurance pricing up?

$0-15bn
7%
$15bn-$30bn
12%
$30bn-$50bn
38%
$50bn-$75bn
31%
$75bn-$100bn
7%
>$100bn
5%