Towers Perrin and Watson Wyatt merge
06 July 2009
Global financial services consultants Towers Perrin and Watson Wyatt have announced they will combine to form a new, publicly listed company to be known as Towers Watson...
International
Reinsurance rate hike slower than expected
06 July 2009
Reinsurers have reported generally stable pricing and capacity during the latest renewal period after initial fears of a dramatic rise in rates...
G8 fails on climate change
06 July 2009
The Group of Eight most industrialised countries has failed to protect the world against climate change, according to a report by global insurer Allianz and the World Wildlife Fund...
Geneva Association outlines insurers’ role on climate change
06 July 2009
Insurance sector innovation can play a major role in mitigating climate change, according to Swiss-based researcher the Geneva Association...
Risk agency reduces financial strength rating on 13 countries
06 July 2009
Credit insurer and ratings agency Coface has imposed negative ratings actions on 13 countries amid an ongoing increase in international trade risk...
European airlines flout insurance rules
06 July 2009
Four European airlines are charging passengers for travel insurance despite a European ban on the practice, a UK consumer watchdog has warned...
Financial crisis tops risk list
29 June 2009
The financial market crisis tops the list of the 10 biggest risks for the insurance industry in a new report by Ernst & Young...
Changes galore as AIG brand fades
29 June 2009
AIG continues to evolve into something less indebted to the US Government...
Allianz study reveals growing piracy threat
29 June 2009
Global insurer Allianz has encouraged marine clients to improve the protection of ships and crew as the threat of piracy off the Horn of Africa continues to grow...
Insurers off the hook in AIG case
29 June 2009
A US court has dismissed a lawsuit that alleged several insurance companies helped AIG defraud investors...
AIG struggling to prove case against Greenberg
29 June 2009
The judge presiding over AIG’s $US4.3 billion ($5.3 billion) lawsuit involving former CEO Maurice “Hank” Greenberg has suggested the company’s case will fail unless lawyers...
Buyers set to re-emerge as US insurers cash up
29 June 2009
Strategic buyers and foreign government wealth funds may revive merger and acquisition activity in the US insurance market late this year, according to a new report by Deloitte...
British insurance body tackles non-insurance
29 June 2009
The Association of British Insurers has stepped up the fight against non-insurance by joining with brokers and insurers to develop and promote low-cost contents insurance schemes...
US Government proposes national insurance office
22 June 2009
Plans to establish a federal system of insurance regulation in the US continue to divide the insurance industry despite widespread approval from other quarters...
Greenberg on defence over fund
22 June 2009
Looking small and frail in the witness box of a New York court, 84-year-old insurance legend Maurice (Hank) Greenberg last week fronted up against lawyers for AIG, the company he built...
AIG/Gen Re whistleblower avoids jail
22 June 2009
A former executive who helped bring successful charges against his former colleagues over a sham AIG/Gen Re reinsurance deal has avoided a prison term...
North American commercial rates down
22 June 2009
Rates fell in almost every commercial insurance line in North America last year, despite the economic turmoil and the second-worst year on record for natural catastrophe losses...
Swiss Re’s cat bond with a difference
22 June 2009
Swiss Re has established a $US100 million ($126 million) catastrophe bond to reinsure Ace American Insurance against US hurricane and earthquake risks for three years...
Transparency to lead insurers forward: Plumeri
22 June 2009
Willis Chairman and CEO Joe Plumeri has called on the insurance industry to show leadership amid the global economic downturn by abolishing contingent commissions...
Munich Re heads for the desert
22 June 2009
Munich Re is leading the charge in an ambitious plan to ease Europe’s energy woes by building solar power plants in the Sahara desert...