All articles by Newsdesk – Page 68
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Online onlyObama signs $9.7bn Sandy aid package into law
Wider $51bn package to be voted on in House next week
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NewsMunich Re calls for US to step up loss prevention efforts post Sandy
US accounted for 90% of global insured losses in 2012
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Online onlyGallagher buys four US employee benefits firms
Broker acquires companies in four US states
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Online onlyZurich taps capital markets for $270m US quake cover
Munich Re and Swiss Re team up to structure Zurich’s new cat bond
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NewsIAG increases reinsurance cover to $5bn
Extension follows programme put in place following 2011’s floods and earthquake
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NewsMarine and energy rates increase at 1 Jan renewals
But other lines experience prices decreases, says Guy Carpenter
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NewsPrudential acquires The Hartford's life business for $615m
Deal includes ceding commission to reinsure 700,000 Hartford policies
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NewsOneBeacon completes Essentia sale
Bermudian insurer terminates underwriting agreement with Hagerty
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NewsABIR urges new Bermuda govt to focus on work permits
Kading hopes new regime will continue to develop US and European relations
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NewsUS P&C profits more than double in 2012
Industry remains well-capitalised despite Sandy, says AM Best
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NewsAetna 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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NewsUS 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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NewsMiller strengthens reinsurance team
New hire Condon to focus on power generation and distribution book
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AnalysisHow (re)insurers face an increasing risk of cyber attack
Fraudsters using new tactics to steal data
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NewsMS Frontier granted approval to write business in Malaysia
Reinsurer branches out from Bermuda base
