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…
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…
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…
27 September 2010
Lloyd’s is expected to reveal considerable losses in its first-half financial results which will be released in London tomorrow…
27 September 2010
Airline hull and liability premiums have risen by an average of 7% between January and July this year, according to a new report by Aon…
27 September 2010
The 2001 September 11 terrorist attacks in New York were the worst “mega-disaster” of the past decade, according to the North American branch of Swiss insurer Zurich…
27 September 2010
Developing countries could ease natural catastrophe losses by up to 90% through better application of insurance models, a new Swiss Re report claims…
27 September 2010
London is still the best place for insurers to do business, according to Lloyd’s Chairman Lord Levene…
20 September 2010
US insurers remain resilient in the face of an otherwise moribund economy, more than doubling net income in the first half despite a steep increase in underwriting losses…
20 September 2010
A new study shows broker views about the Lloyd’s market are more positive than they were two years ago…
20 September 2010
Ace has been on a spending spree, buying US crop insurer Rain and Hail for $US1.1 billion ($1.17 billion) and forking out $US200 million ($213 million) for Malaysian general insurer…
20 September 2010
Munich Re has responded to the Gulf of Mexico oil spill by offering cover for individual drilling operations…
20 September 2010
Commercial insurance premiums in the US are flat for the sixth consecutive quarter, according to Towers Watson’s latest pricing survey…
20 September 2010
US insurer Liberty Mutual Agency, a unit of the Liberty Mutual Group, is pursuing a $US1.41 billion ($1.5 billion) initial public offering in a bid to slash debt…
13 September 2010
British brokers are having a hard time getting their clients’ claims paid as UK insurers get stricter during the economic slump…
13 September 2010
Former AIG CEO Martin Sullivan has joined Willis Group as Deputy Chairman and CEO of a new business unit, Willis Global Solutions…
13 September 2010
Premium rates in the US property and casualty market are continuing to fall, but there are signs of a tentative hardening…
13 September 2010
The European Parliament has made the first step towards a tighter financial regulatory system, adopting a six-month period for monitoring of national budgets and economic policies…
13 September 2010
Lloyd’s has teamed up with a group of UK brokers to test out the new Apple iPad in its underwriting room…
13 September 2010
More than 100 international insurance companies have called on governments to use risk management techniques and insurance expertise to help the developing world adapt…