Aon calls for risk feedback
22 October 2012
Broker Aon wants risk leaders across the insurance industry to contribute to its forthcoming global risk management survey…
International
Galbraith to depart as BIBA chief
22 October 2012
Eric Galbraith, who oversaw a turbulent decade of regulation and reform as head of the UK’s peak insurance broking body, is to end his tenure as CEO…
JLT shares fall on dour update
22 October 2012
Global insurance broker JLT Group has taken a share price hit after warning of a drop in profits across its reinsurance business and European-based Thistle Insurance Services…
Indonesia insurance stable: Fitch
22 October 2012
The Indonesian insurance industry is expected to remain stable next year, with most insurers maintaining their financial fundamentals, Fitch Ratings says…
RAA wants framework for global reinsurance supervision
22 October 2012
The Reinsurance Association of America has called for a framework of regulatory co-operation between the US and the European Union…
Plumeri’s replacement another non-broker
22 October 2012
Famous for his New York swagger, unconventional management style and “anything is possible” mantra, Willis CEO Joe Plumeri is to step down after 12 years running the world’s third-largest brokerage…
Emerging markets enjoy commercial insurance boom
22 October 2012
Commercial insurance is growing two to three times faster in emerging markets than elsewhere, according to Swiss Re’s latest Sigma report…
Twin peaks provides better protection
22 October 2012
The CEO of the UK’s new Financial Conduct Authority says the forthcoming “twin peaks” model will provide more resources for protecting customers and policing institutions…
Insurer ensnared in Armstrong doping scandal
22 October 2012
A US insurer that underwrote performance bonuses paid to Lance Armstrong after winning his sixth Tour de France is preparing to sue the former champion cyclist…
Insurers divided on proposed US disaster laws
22 October 2012
Insurers and other interest groups are divided about new US legislation designed to protect residents from natural disasters…
ICA joins global federation
15 October 2012
International trade bodies including the Insurance Council of Australia have joined forces to create the Global Federation of Insurance Associations…
Americans criticise ComFrame ‘confusion’
15 October 2012
The American Insurance Association fears the ComFrame working draft is being interpreted as a new layer of prudential supervision…
Islands attract more insurance-linked securities deals
15 October 2012
Bermuda is becoming a centre of the global insurance-linked securities and special purpose insurer (SPI) business, according to the local regulator…
RBS sells insurance unit
15 October 2012
The Royal Bank of Scotland has raised £787 million ($1.2 billion) from the initial public offering of its insurance unit Direct Line, according to reports…
AIA takes ING’s Malaysian arm for $1.64 billion
15 October 2012
AIA Group has bought ING’s Malaysian life business for $US1.73 billion ($1.64 billion)…
China’s insurance market in transition, says AM Best
15 October 2012
Ratings agency AM Best says the Chinese insurance market is in a “state of transition”…
Regulator demands workable Solvency II timetable
15 October 2012
The European insurance regulator has called for a “clear and credible” timetable for implementing the Solvency II rules…
Aon launches risk-pooling practice
15 October 2012
Aon Risk Solutions has formed a risk-pooling practice to provide comprehensive property, casualty and employee benefits products for organisations involved in group purchasing…
UK regulatory chief admits failures
15 October 2012
UK Financial Services Authority Chairman Adair Turner has admitted numerous regulatory shortcomings in the organisation and praised the “twin peaks” model to be introduced next year…
Global rates firm in Q3, says Marsh
08 October 2012
Global insurance prices continued to rise in the third quarter of this year, according to the Marsh Risk Management Global Insurance Index…