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Transatlantic insurance market gets shot in the arm from US, EU deal

The United States and European Union have come to an agreement to boost this international marketplace. On Friday, the United States and European Union came…

Despite disasters, global insurance industry sees only modest rate hikes in 2011

This year, the global insurance industry saw more than $100 billion in insured losses due to natural disasters. Normally, losses are accompanied by rate increases,…

China is likely to allow foreign companies into its mandatory auto insurance marketplace

The Insurance Association of China’s chairman has announced that the country will likely be opening its doors to the largest auto market in the world…

Chartis insurance group seeks quality over quantity when it comes to growth

Europe’s debt crisis has not daunted Chartis, a division of AIG that operates in the property and casualty insurance market. The company continues to seek…

Too big to fail insurance corporations should be governered by different rules than the banking industry

The term “too big to fail” rose to prominence in the wake of 2008’s economic recession. Much like the effects of the recession, the phrase…

Insurance risk research shows industry struggling with growth and reserve risks

Aon Corporation’s capital adviser and global reinsurance intermediary, Aon Benfield, has released a report containing the results of its annual study – called the 2011…

Insurance company coming to the Middle East to offer coverage to Palestinians

A new insurance company is being formed in the Middle East to cater to the Arab sector. Businessmen from Israel and Palestine have come together…