News

P&C Income Down by 87% in Q1: A.M. Best

Shaky underwriting and investment markets pushed P&C net income down by 87% in the first quarter of 2009.
The industry saw net income fall to …

Bulletin: August Deadline for Feedback on OSFI Capital Principles

As the Office of the Superintendent of Financial Institutions (OSFI) works toward new risk measurement techniques for the Minimum Capital Test (MCT), it …

Recession Hits Life Premiums, as Emerging Markets Thrive: Sigma Report

Global P&C insurers are showing more recession resilience than their life insurance counterparts, according to a Swiss Re sigma study that reveals strong …

Poor company values push executives to look elsewhere

The 2009 BlueSteps Executive Mobility Survey found that 75% of currently employed executives are likely, or very likely, to consider a new job …

Sales, Stumbles Continue for AIG

AIG continues to shed holdings as it streamlines operations—its Colombian-based consumer finance operations are the latest businesses on the block, the company announced …

IFRS Goals Elusive in the EU, says A.M. Best

Common financial reporting standards in the European Union may not be that consistent after all, according to an A.M. Best report.
Although the EU’s public …

All Provinces Ready for Recovery in 2010: BMO

Most Canadian provinces that experienced economic downturn in 2009 will start to see their economies rebound by 2010, according to the new Provincial …

As Drought Persists, Provinces Adapt Crop Insurance Programs

Government officials in two Western provinces have tweaked their crop insurance programs to aid farmers struggling with drought conditions.
Farmers in stricken areas in …

Time to raise the retirement age

Over the past several months, news headlines have been filled with the troubles pension funds have found themselves in–this, in combination with the poor state …

Tough Q1 for U.S. P&C Insurers: ISO

Private P&C insurers in the U.S. saw their net worth slide during the first quarter of 2009.  says the Insurance Services Office (ISO). …

Copyright © 2017 Transcontinental Media G.P.
Transcontinental Media G.P.