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Thursday, January 17, 2013

New Report from AIR Worldwide Puts Recent Catastrophe Losses in Perspective

AIR Worldwide reportIn 2011, insured losses from global natural catastrophes exceeded USD 110 billion according to industry sources, the second-highest figure ever recorded. A new report from catastrophe modeling firm AIR Worldwide reveals that there is nearly a 7 percent probability that the global ...

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Insurance Becomes M&A Powerhouse in Asia

M&AsInvestors and insurers are swooping in on Asia's insurance industry for acquisitions, encouraged by a low rate of penetration in the region's emerging markets at a time when European banks in need of cash are exiting the sector.

Insurance, not long ago a sleepy corner in Asia's mergers-and-acquis...

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Sandy Could Tally Art Losses in the Hundreds of Millions, Lead to Reassessment of Exposures

Art damaged in hurricaneThe damaging storm surge strike dealt by Hurricane Sandy to New York City art galleries could be responsible for wiping out up to nearly three-quarters of global premiums and potentially lead to re-underwriting of risks as insurers assess exposure to the type of wrath the late-season storm u...

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PCI Issues Statement on IAIS Global Systemically Important Insurers Proposal

PCIThe Property Casualty Insurers Association of America (PCI) on January 14 participated in a discussion with the International Association of Insurance Supervisors (IAIS) Financial Stability Committee on policy measures that would be applied to any insurance company

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Health Insurance Rule Will Go by Size of 2013 Staff

Health costs and staffStart counting your staffers now. That is the upshot of regulatory guidance issued by the government on Dec. 28, when few small-business owners noticed in the midst of the holidays and the "fiscal cliff" debate.

Small-business owners have been bracing for 2014, when a health-car...

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Fortune’s Pattie Sellers to Speak at Women in Insurance Global Conference

IICFPatricia Sellers, Fortune Magazine's Editor at Large will speak at the Insurance Industry Charitable Foundation's (IICF) Women in Insurance Global Conference. The first-of-its-kind forum will take place June 12-14, 2013 in New York City and will explore  topics ranging from changing mindsets that limit corporate ...

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Call for Entries for 2013 IMCA Showcase™ Awards

Insurance  Marketing & Communication Association awardsThe Insurance Marketing and Communications Associationsm (IMCA) is pleased to announce a worldwide invitation for entries into the prestigious IMCA ShowcaseTM Awards, the longest-running creative awards competition for insurance mar...

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