A new report from A.M. Best notes that “intense competition and the effect of the weak economic climate on investment returns and loss experience continue to put pressure on U.K. non-life insurers’ financial performance. “Results for 2010 also provided further …
Generally speaking the reinsurance industry is in good shape, certainly better than it was in 2008 and 2009, when even mighty Swiss Re needed a bailout from Berkshire Hathaway. A combination of improved models and a greater understanding as to …
A new special report from A.M. Best found some “hopeful signs” emerging for the global reinsurance industry. “After years of a soft market, weak investment returns, lukewarm investor interest and sluggish consolidation activity, the bottom line has been squeezed, and …
Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world’s fastest-growing major economies of China and India continue to mint millionaires, a report from Julius Baer said on Wednesday. The …
The Association of British Insurers notes that the industry made a “total contribution of £10.4 billion [$17.21 billion] to the Exchequer – which would cover the entire £10.2 billion [$16.9 billion] Home Office budget. Insurance companies in the Hundred Group …
“With the credit quality of the U.S. imperiled by the current impasse over raising the debt ceiling, insurance companies are facing increased overall risk on their balance sheets,” states A.M. Best. The company recently announced the findings of stress testing …
European politicians accused credit rating agencies on Wednesday of anti-European bias after Moody’s downgrade of Portugal’s debt to “junk” cast new doubt on EU efforts to rescue distressed euro zone states without debt restructuring. European Commission President Jose Manuel Barroso …
Nearly two-thirds of mid-size U.S. companies expect higher profits in the next 12 months, and many plan to borrow more and increase hiring and investment, according to a survey by JPMorgan Chase & Co. The survey highlights one of the …
Strong export numbers are boosting the economy in nine Midwest and Plains states, even though high raw material costs have hurt profits, according to a new monthly report released June 1. The overall economic index for the Mid-America region rose …
Ireland has been much in the news recently, and not just for its economic woes. The visit by the UK’s Queen Elizabeth II, the first by a British monarch in 100 years, and the upcoming visit of President Obama, as …
