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Daily NewsFlash : November 02, 2011

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Wednesday, November 02, 2011

PartnerRe CEO: January Renewals Will Bring Rate Increases

The market is in a time of change, and PartnerRe Ltd. is expecting to see higher rates at the pivotal Jan. 1 renewal season, President and Chief Executive Officer Costas Miranthis said.

"We... Read More

XL Group 3Q Earnings Drop on Catastrophe Losses

XL Group PLC  third-quarter earnings fell 45%, as the property-and-casualty insurer's core profit also dropped on another quarter of heavy catastrophe losses.

The company, which also p... Read More

Renewal Discussions Kick Off in Baden Baden

Insurance and reinsurance specialists converge in the German town Baden-Baden to begin their 'renewal season' discussions in earnest and in preparation for January 1, when deals between primary ins... Read More

Four Million-Plus Borrowers Eligible for Foreclosure Review

More than 4 million borrowers who have faced foreclosure since early 2009 will have the chance to have their cases reviewed for potential wrongdoing, federal regulators and some of the nation&... Read More

Government Receives $972M Repayment from AIG

American International Group on Monday repaid $972 million to the U.S. Treasury. The latest repayment brings the insurance giant’s outstanding balance from the 2008 taxpayer-funded bailout do... Read More

Towers Watson: Most U.S. Employers Have Restored 401(k) Matching Contributions

The vast majority of U.S. employers that suspended their 401(k) plan matching contributions during the recent economic downturn have since restored them, according to new analysis by Towers Watson,... Read More

Allstate Purchase Signals Shift to On-Line Sales Approach

Allstate Insurance's recent announcement that it has wrapped up its acquisition of Esurance and Answer Financial has highlighted ongoing changes in the way consumers are shopping for auto coverage,... Read More

Aon Expands Membership Role to Focus on Building Global Inclusive Workplaces

In alignment with its commitment to diversity and inclusion as a global firm, Aon, a leading global provider of risk management, insurance and reinsurance brokerage, and human resource consulting a... Read More

IIHS Gives Top Safety Ratings to Five Minivans

The Insurance Institute for Highway Safety (IIHS) has given top safety ratings to five minivans but said two others were not as good.

The insurance trade group awarded the 2012 Chrysler Tow... Read More


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