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Nov 2012

Global News


Global reinsurers absorb record 2011 losses with lower impact on capital – IAIS

The reinsurance sector absorbed record-high losses in 2011 with a smaller impact on equity capital than in 2005, the former record-setting year with respect to Nat CATs, said the International Association of Insurance Supervisors (IAIS) in its first-ever Global Insurance Market Report (GIMAR).

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Global Federation of Insurance Associations formed

A federation of the world’s insurance associations has been created for the first time, with 31 insurance associations representing 87% of the worldwide insurance business formally establishing the Global Federation of Insurance Associations (GFIA).

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AIG unveils new logo as part of rebranding

American International Group (AIG) has revealed a new corporate logo as part of its rebranding effort. The new logo will be used in a limited capacity until the insurer completes the rebrand of its property & casualty (P&C) and life & retirement segments later this year.

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