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Reactions from the global insurance market

News analysis, features and opinion

  • “Privatisation” of IRB Brasil Re a misnomer

    04 February 2010

    The Brazilian federal government has decided to reduce its control of IRB Brasil Re, the former reinsurance monopoly holder in Brazil, by transferring control over to Banco do Brasil.

  • FEATURE: Insurance firms redomiciling

    29 January 2010

    XL plans to redomicile to Ireland and the remaining Lloyd’s players headquartered in the UK are also considering leaving. We ask why firms are looking to move and to where.

  • Travelers’ Q4 not a good sign for brokers

    28 January 2010

    Travelers’ fourth quarter underwriting performance does not bode will for brokers’ ongoing commissions and organic growth, an analyst at Atlantic Equities has warned.

  • Interview: Tom Bolt - Lloyd’s new enforcer

    28 January 2010

    The new director of underwriting performance at Lloyd’s has a big challenge to fill the shoes of his predecessor, Rolf Tolle.

  • Florida’s insurance market in disarray

    27 January 2010

    Florida’s insurance market is in a state of disarray. Uncertainties about the quality, price and availability of property insurance have left homeowners desperately seeking stability, and insurers are struggling to meet demands.

  • Wrynn “guardedly optimistic” about exchange

    25 January 2010

    New York’s Insurance Department will prioritise making the city a place where insurance companies want to do business by launching the New York insurance exchange, said James Wrynn, the department’s superintendent, at a Reactions US Business Club held in New York last week.

  • AIG’s Alico would be “great deal” for MetLife

    20 January 2010

    MetLife’s rumoured deal for AIG’s Alico subsidiary would be a good deal for the US life insurance firm, according to an equity analyst.

  • Data: Full year 2009 capital raising activity

    20 January 2010

    Insurance industry debt and equity issuance and the top ten bookrunners for 2009 have now been published in Reactions specialist data section in partnership with Thomson Reuters.

  • The December/January issue of Reactions

    13 January 2010

    Read a selection of stories from the December 2009/January 2010 issue of Reactions.

Latest News by Sector

North America

  • Hartford posts $557m in Q4 income

    09 February 2010

    Hartford Financial Services has posted $557m of net income in the fourth quarter of 2009 as against a 2008 fourth quarter net loss of $806m.

Casualty/liability

Bermuda

  • Aon beats analysts’ expectations in Q4

    05 February 2010

    Aon Corporation surpassed expectations in the fourth quarter as the company saw the benefit of restructuring savings and favourable foreign currency translation.

Property-catastrophe

  • Chartis on hook for US plant loss: source

    08 February 2010

    Chartis, the property/casualty insurance operation of American International Group, is on the hook for millions of dollars of losses after an explosion at an under-construction power plant in Middletown, Connecticut.

Europe

  • Aon beats analysts’ expectations in Q4

    05 February 2010

    Aon Corporation surpassed expectations in the fourth quarter as the company saw the benefit of restructuring savings and favourable foreign currency translation.

Financial management

  • Hartford posts $557m in Q4 income

    09 February 2010

    Hartford Financial Services has posted $557m of net income in the fourth quarter of 2009 as against a 2008 fourth quarter net loss of $806m.

Lloyd's and London Market

  • Lloyd’s of London to unveil strategic review

    08 February 2010

    Lloyd’s of London is set to reveal its biggest ever strategic review. The insurer will unveil the Deloitte-led plan following a nine-month consultation with underwriters, brokers and market associations.

Legal and regulation

  • Pleural plaques Bill reintroduced

    08 February 2010

    Labour MP Andrew Dismore on Friday reintroduced a Bill in the UK House of Commons to reverse a 2007 House of Lords ruling that ended rights of pleural plaques sufferers from claiming compensation.

Poll

How do you believe 2010 will compare with 2009 for the insurance industry?

Better
43%
Worse
33%
About the same
24%