The new Solvency II regulations for insurers domiciled in the European Union--which will use a three-pillar approach to determine and supervise implementation of capital requirements--don't take effect
U.S. reinsurance buyers expecting a continuation of the soft market for Jan. 1 renewals might be disappointed, as higher than expected catastrophe losses and the fallout from the global financial
The Risk and Insurance Management Society Benchmark Survey of policy renewal prices, as reported by North American corporate risk managers, also found that lower insurance industry net income may sign
Based on current estimates that cover onshore and offshore claims across both windstorms, there will be a negligible impact on Lloyd's capital and no Central Fund exposure, Lloyd's said. The announcem
Risk management salaries are higher "across the board," but job security in this troubled economy depends on several factors, including just how far risk managers have come in proving their worth, a
Softening market conditions and a rise in attritional claims cut the pre-tax profit of Lloyd's in half for the first six months of this year--down to ?949 million (about $1.88 billion at current
Like water under the bridge, lingering suspicions between insurance buyers and their brokers following the contingency fee and bid-rigging scandals that tarnished the reputations of some of the
While 68 percent of risk managers are "very confident" or "somewhat confident" in American International Group's financial security following the $85 billion federal bailout of its corporate parent,
Although the London market is unique, trends challenging the world's oldest insurance center--softening prices, increasing competition, pressure to cut expenses--mirror those around the globe, with the
The survey was conducted from Sept. 23-25 with 1,000 respondents, 84 percent of whom have insurance decision-making authority for their companies--of which 76 percent identified themselves as risk