Greenberg company backs Lloyd’s syndicate
19 September 2006
Lloyd’s has approved a new syndicate backed by the independently owned holding company CV Starr & Co, which once housed a group of insurance agencies for…
International
Spies take cover
19 September 2006
America’s spies who worry they could be sued over some of their more enthusiastic counter-terrorism interrogations are signing up to a new US Government-sponsored insurance…
Lloyd’s looks to eastern markets
12 September 2006
Lloyd’s is looking east for its next market opportunities, with China and India named as its next targets…
Spitzer narrows his case
12 September 2006
New York Attorney-General Eliot Spitzer has amended his office’s complaint against former AIG executives Maurice Greenberg and Howard Smith…
Don’t expect too much, warn US insurers
12 September 2006
Leading US insurers are changing their advertising emphasis from plain old marketing messages to a new focus on preparing for the worst…
Fitch maintains stable reinsurance outlook
12 September 2006
The global reinsurance industry’s outlook has remained stable, according to a report by the Fitch ratings agency…
Aon joins commissions rollback
12 September 2006
The top US insurance brokers are rolling back their blanket ban on contingent commissions, with Aon announcing a deal with regulators to allow it to accept the commissions…
JLT sells out of US retail
12 September 2006
Underperforming London-based broker Jardine Lloyd Thompson has sold its retail operations in the US for $US85 million ($112 million)…
Arthur J Gallagher chief dies
05 September 2006
The Chairman of the Arthur J Gallagher group, Robert E Gallagher, 83, has died after a brief illness…
British insurers assist with road safety
05 September 2006
The Association of British Insurers has launched a campaign to reduce the number of young drivers killed or seriously injured on UK roads…
Marsh pushes for agent profits after Spitzer probes
29 August 2006
Marsh & McLennan has filed a statement with the US regulator saying it is entitled to receive compensation from insurers in cases where it acts as an agent…
Katrina one year on
29 August 2006
It’s a year today since Hurricane Katrina ripped a path through Louisiana and Mississippi, causing severe flooding in New Orleans and overall damage of more than $US30 billion…
UK insurers want better dialogue with regulator
29 August 2006
The Association of British Insurers has asked general insurers about their experience of implementing individual capital adequacy standards since the UK regulator’s new…
US premiums flat for second quarter
22 August 2006
Commercial US insurance premiums during the second quarter of the year were “flat to slightly lower” compared with the corresponding period last year…
Insurers won’t pay for hurricane water damage
22 August 2006
Insurers facing high claims costs as a result of Hurricane Katrina have won a court battle over water damage claims…
Katrina ‘refugees’ won’t return
22 August 2006
Rising insurance premiums are a major reason why 250,000 of the 1 million gulf coast residents who fled because of Hurricane Katrina last year won’t be going back…
Zurich reports strong first half
22 August 2006
Zurich Financial Services has reported strong first-half net income of $US1.96 billion ($2.58 billion) – an increase of 9% on the corresponding period last year…
Reinsurance market tenuous
22 August 2006
The underlying stability of the reinsurance market remains tenuous, even though most reinsurers are financially positioned to meet their claim obligations…
Saomai hits China
22 August 2006
Insurers in China are bracing for a flurry of property claims as the south-east coast of China cleans up after its strongest typhoon in more than 50 years…
Hurricanes still likely: experts
15 August 2006
Weather experts have lowered their predictions for storm activity during the current North American hurricane season…