Rates mostly fall in reinsurance renewals
01 February 2010
January 1 reinsurance renewals saw lower rates across most property catastrophe lines, according to broker Guy Carpenter in its latest annual briefing…
01 February 2010
January 1 reinsurance renewals saw lower rates across most property catastrophe lines, according to broker Guy Carpenter in its latest annual briefing…
01 February 2010
General Re will pay $US92.2 million ($103 million) in settlements for its part in transactions with AIG and Prudential Financial, some dating back to 1997, that allegedly defrauded…
01 February 2010
AIG is reportedly in the process of selling American Life Insurance Co, one of its biggest life insurance divisions, to New-York based rival MetLife for between $US14-15 billion…
01 February 2010
British insurers have launched an appeal against a Scottish court ruling that threatens to expose them to a raft of asbestos liabilities…
01 February 2010
A group of US executives charged with fraud will have legal costs covered by their directors’ and officers’ insurer after previously being told their policy would not be honoured…
01 February 2010
The International Association of Insurance Supervisors has set the wheels in motion for a global framework intended to improve supervision of international insurance groups…
01 February 2010
XL Capital has joined a flight of insurers from Bermuda seeking safer pastures on the European continent…
01 February 2010
Benign weather conditions in the North Atlantic and the arrival of the El Nino phenomenon have contributed to a below average loss season for insurers…
14 December 2009
Willis Group CEO Joe Plumeri has outlined the “new and complex” risks facing international business in the next decade…
14 December 2009
German insurer Allianz SE has identified Asia as a key growth market next year, with regional gross domestic product expected to contribute nearly 40% of growth…
14 December 2009
A surprise tax change by the UK Government has riled British insurance brokers…
14 December 2009
The insurance industry landscape emerging from the global financial crisis will have a new balance of power, according to a new international report by professional services giant…
14 December 2009
The US House of Representatives has passed a bill to establish the Federal Insurance Office…
14 December 2009
Willis Group shareholders last week approved changing the company’s place of incorporation from Bermuda to Ireland…
14 December 2009
Insurer AIG has been cleared to pay retention bonuses to senior executives after their ongoing service was deemed critical to the future success of the company…
14 December 2009
US property and casualty insurance rates dropped an average 5% last month compared with those of a year earlier, according to electronic insurance exchange MarketScout…
14 December 2009
Sandeep Malik has been appointed in the new role of Asia Aon Risk Services CEO, based in Hong Kong…
07 December 2009
Rescued insurance giant AIG has moved to cut its debt to the US Government by $US25 billion ($27 billion) through two debt-for-equity swap transactions with the Federal Reserve…
07 December 2009
Catastrophes are projected to cause economic losses of $US52 billion ($57 billion) this year as a benign US hurricane season helped to restrain total costs…
07 December 2009
This year’s official US hurricane season has emerged as the calmest in 12 years, with only three hurricanes forming from the nine named storms that developed in the Atlantic…