AIG chief battles cancer
01 November 2010
AIG CEO Robert Benmosche will remain in the top job at the troubled global insurer, despite battling cancer and undergoing aggressive chemotherapy…
International
US commercial lines in slump, says Berkley
25 October 2010
US insurance leader Bill Berkley says the country’s economy faces “volatile” and “uncertain times” and commercial lines products are continuing to lose money…
US soft market decline slowing
25 October 2010
US risk management experts say there is no end in sight to the current soft market, but the rate of premium decreases has slowed…
Chubb weathers cat claims in third quarter
25 October 2010
US-based insurer Chubb rode out a rough third quarter and a six-fold increase in natural catastrophe losses to post a small rise in net income for the first nine months of 2010…
Insurance billionaire joins cannabis law fight
25 October 2010
The CEO of major US insurer Progressive has proven his liberal bona fides with a major donation to a campaign to legalise cannabis in California…
UK underwriting agents launch new body
18 October 2010
A specialist trade body representing UK underwriters will launch next month, with up to 200 managing agents approached for inaugural membership…
Largest postal network opens to insurers
18 October 2010
A landmark ruling by India’s insurance regulator has opened the world’s largest post office network for the insurance industry…
BIBA TV gets switched on
18 October 2010
The British Insurance Brokers’ Association has launched its own “television channel” on YouTube…
Get ready for Asia ‘supercats’
18 October 2010
Asia must prepare for future “supercat” catastrophe events like those experienced in the US, says reinsurance intermediary Aon Benfield…
Big storms ‘not unexpected’
11 October 2010
A report by reinsurance broker Aon Benfield warns the Atlantic hurricane season is far from over, with damage already reaching into the billions of dollars…
Regulation has dangers, says Lloyd’s chairman
11 October 2010
Lloyd’s Chairman has fired a shot across the bows of Europe’s financial watchdogs, warning that regulation in the wake of the global financial crisis should not get in the way of growth…
Premiums down, soft market continues
11 October 2010
US brokers’ predictions that current soft market trends will continue for another two years have been supported by analysis group MarketScout…
Swiss Re restructures
11 October 2010
Swiss Re is restructuring its leadership team from the top down in a bid to keep up with customer expectations…
UK regulator calls for ethics in shaping behaviour
11 October 2010
The CEO of the UK’s Financial Services Authority says it’s crucial to address the role culture and ethics play in shaping corporate behaviour and decision-making…
Lloyd’s profit hit by catastrophes
04 October 2010
A dramatic rise in claims has resulted in Lloyd’s positing an interim pre-tax profit of £628 million ($1.02 billion) for the six months to the end of June…
It’s getting hotter, says Munich Re
04 October 2010
As temperatures soar across the globe to 130-year highs, climate change is being blamed for the rise in catastrophic events…
Ebix buys Brazilian exchange
04 October 2010
Software and e-commerce services firm Ebix has acquired Rio de Janeiro-based insurance exchange, Usix Technologies…
Marsh settles out of court
04 October 2010
Mega-broker Marsh & McLennan has agreed to an out of court settlement of $US4.75 million ($4.88 million) with the Attorney-General of Ohio following an antitrust lawsuit arising from allegations that the brokerage engaged in bid-rigging and kickbacks…
Investors force down AIA’s value
04 October 2010
AIG has had to lower its sights on the amount AIA will raise from its float as cornerstone investors force a lower unit price…
Gallagher moves on GAB Robins
04 October 2010
US broker Arthur J Gallagher has signed off on an agreement to acquire a controlling interest in major loss adjuster GAB Robins North America…