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International

Lloyd’s retains excellent rating

20 July 2009

Credit ratings agency AM Best has affirmed its A (Excellent) rating for Lloyd’s of London, saying the market should maintain a solid and flexible capital base into next year…

Investment in risk management stable

20 July 2009

The adoption of enterprise risk management has flattened out at about 65% of businesses according to a joint report by Marsh and the Risk and Insurance Management Society…

US lawmaker blasts AIG bonus plan

20 July 2009

A US government insurance industry watchdog has blasted AIG over US reports it will again push for bonuses for top executives…

New cat bond offer from Hannover Re

20 July 2009

Hannover Re is marketing a €75 million ($132 million) catastrophe bond to cover against extreme losses from European windstorms…

AIG to sell $US15 billion life asset

13 July 2009

Embattled US insurance conglomerate AIG has reportedly again entered talks with life insurer MetLife to hand over its American Life Insurance Company…

American rates down in June

13 July 2009

While the trend everywhere else is up, general insurance rates in the US market appear to be continuing to slide…

Jury sides with Greenberg in AIG case

13 July 2009

A US jury has sided with former AIG CEO Maurice “Hank” Greenberg in a $US4.3 billion ($5.5 billion) lawsuit brought by his former company…

Losses will lift aviation rates

13 July 2009

June is shaping up as the most expensive month for aviation insurance since the US terrorist attacks in September 2001, with rates set to rise significantly as a result…

New York amends commission rules

13 July 2009

The New York State Insurance Department has made concessions to draft commission disclosure rules that put the onus on buyers to raise the issue with brokers…

New chief for British brokers

13 July 2009

Well-known UK broker Patrick Smith will succeed Derek Thornton as Chairman of the British Insurance Brokers’ Association in September…

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...

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...