non-life insurance

• Prima Release Customizes Claims Management

  By Staff Writer  |  December 1, 2011

  Software provider Prima Solutions announces the availability of Prima Insure V7.2, the latest version of its customizable contracts and claims management application for life and non-life insurance.

• A.M. Best: New Zealand P&C Market Eying Alternatives, Including Captives

  By Caroline McDonald, PropertyCasualty360.com  |  November 14, 2011

  Faced with continuing aftershocks and earthquakes, New Zealand’s property and casualty insurance market is in flux, as it also adjusts to regulatory developments. Both factors are making captive insurance more attractive.

• HSBC Approaches Japan Insurers on Sale of Non-Life Unit: Sources

  By Reuters  |  October 6, 2011

  HSBC Holdings has approached the top three property-and-casualty insurers in Japan about the sale of its non-life insurance business, which could fetch more than $1 billion, sources close to the matter said on Thursday.

• Industry Facing Profitability Headwinds, But Market Turn Starting

  By Mark E. Ruquet, PropertyCasualty360.com, Phil Gusman, PropertyCasualty360.com  |  July 14, 2011

  The property and casualty insurance industry’s earnings are expected to be modest for the first half of this year after insurers were hit by a series of weather-related losses, according to a financial analyst’s report.

• Tax Issues Complicate Wind-Downs Of Insolvent Insurance Cos.

  By Michael Callan, Susan Leonard, Mark Lynch, Patricia Gergen  |  July 14, 2011

  Procedures to unwind troubled insurance companies can be complicated by unforeseen tax issues, blindsiding stakeholders—regulators, creditors, owners of troubled companies, and even healthy ones included in consolidated returns—at a time when none of these parties is focusing on the Internal Revenue Service.

• Swiss Re: P&C Premium Growth Returns; Profitability Challenges Remain

  By Phil Gusman, PropertyCasualty360.com  |  July 6, 2011

  Premium growth is expected to continue throughout 2011 as the global economy recovers; however, the industry may be challenged by reserve adequacy issues, stricter regulations and rising combined ratios, according to a new report.

• German Insurers Recover Well From Crisis, But Challenges Remain

  By Staff Writer  |  October 18, 2010

  The German insurance industry rebounded effectively from the global economic downturn, although growth has been limited by underwriting conditions and catastrophe losses, according to a Moody's Investors Service analysis.

• Non-Life Weathers Recession, But Competition Keeps Profits Down

  By Staff Writer  |  June 29, 2010

  Non-life insurance business was not heavily affected by the global recession as premiums remained relatively flat at $1.74 billion in 2009 compared to 2008, according to a Swiss Re sigma report on world insurance premiums.

• Lloyd's Report Examines Markets' Future, Global Influences

  By Caroline McDonald, PropertyCasualty360.com  |  February 9, 2010

  The Lloyd's market said in a report that to keep expanding it will need London to remain competitive as a financial services center and must ensure that regulations being developed don't damage its position.

• Obama Budget Would End Offshore Insurers' Tax Edge

  By Arthur D. Postal, PropertyCasualty360.com  |  February 2, 2010

  President Obama has proposed a budget for 2011 that reopens the volatile issue of taxing offshore insurers, especially those based in Bermuda.