United States of America (USA)
Blog: It's Superbowl 50 - the insurance market as NFL teams
With the climax of the NFL season this weekend to commemorate Superbowl 50 I wondered: If these insurance names were American football teams, which franchises would they be?
Gallagher sees 2015 broking profits rise by 1% despite Q4 dip
Arthur J Gallagher’s broking division recorded a marginal increase in profits to $266.4m (£186.3m) last year, representing a 1.3% uptick on the $262.9m it generated in 2014.
International Group of P&I Clubs in talks with US over Iranian oil coverage
The London-based International Group of Protection & Indemnity Clubs is in talks with the US government to find a way to insure Iranian petroleum shipments, now that sanctions over Iran's nuclear program have ended.
RSG completes purchase of MGA George & Partners
Ryan Specialty Group has acquired specialist managing general agent Hunter George & Partners.
Marsh unveils global excess cyber risk facility
Global broker Marsh has launched a new global excess cyber risk facility that is designed to provide more reliable insurance coverage for organisations around the world.
AIG pares back to achieve planned $25bn shareholder return
AIG plans to return $25bn (£17.5bn) to shareholders through measures including a part-IPO of its mortgage insurance subsidiary and a series of reinsurance transactions, a strategic announcement revealed today (26 January).
Divestments expected from AIG in strategic statement
AIG CEO Peter Hancock is expected to outline his strategy for the company including support for divesting non-core parts of the business in a live webcast tomorrow (26 January), reports claim.
Crawford still waiting on findings of bribery investigation
Loss adjusting giant Crawford & Company is still waiting to hear if it will face any regulatory action over a potential breach of the US Foreign Corrupt Practices Act.
AIG strategy failing to win support among majority of investors
Only a small minority of shareholders back AIG’s present strategy amid pressure from activists such as Carl Icahn for a change to the insurer’s approach, according to a poll by investment management firm Bernstein.
Zurich to spend up to £702m on US agricultural insurer
Zurich's subsidiary, Zurich American Insurance Company, will buy US agricultural insurer Rural Community Insurance Services for up to $1.05bn (£702m) from Wells Fargo, which will strengthen its top five position in US commercial insurance.
Integro acquires Entertainment Insurance Partners
Integro Insurance Brokers has acquired Entertainment Insurance Partners, the parent company of Robertson Taylor Insurance Brokers.
Cybercrime threat overlooked by majority of SMEs
Concern over cybercrime exposure is rising among SMEs but the rate is still low, with just 8% of firms worried about such attacks and 17% thinking they're too insignificant to be targeted.
Tornadoes: Whirling havoc
Widespread media coverage may give the impression tornadoes only occur in the US. This is not the case, with the high-speed weather phenomenon threatening destruction around the world
McLarens names Brown CEO as Chalfant becomes exec chair
Global loss adjuster McLarens has unveiled a senior management reshuffle that will see chief operating officer Gary Brown take over as CEO with his predecessor in the role, Vern Chalfant, becoming executive chairman.
AIG UK boss McNamee to exit amid $500m cost-cutting drive
AIG UK managing director Jaqueline McNamee is to depart the insurer amid a swingeing cost-cutting initiative that could impact up to 400 senior executives globally.
Three UK Crawford execs depart
Global loss adjuster Crawford and Company has confirmed the departure of five executives, including three from the UK.
Ryan Specialty Group acquires M&A specialist MGA
Chicago-based Ryan Specialty Group has acquired managing general agent Hunter George & Partners, which offers insurance solutions for mergers and acquisitions.
Global insurance leaders back inaugural Insurance Careers Month
Lloyd's CEO Inga Beale is one of several global insurance players to pledge their support to the inaugural Insurance Careers Month to be held during February 2016 in the US.
AIG planning to axe 400 senior executives
AIG is planning to cut up to 400 senior staff in the US after posting a $231m (£149m) loss for the third quarter of 2015.
Deal finalised as Integro acquired by private equity investor
A deal to acquire international insurance brokerage and risk management firm Integro by an Odyssey Investment Partners affiliate was completed today (November 2).
Applied Net 2015: Ex-US secretary of state Albright raises cyber concerns
Former US secretary of state Madeleine Albright described cyber risk as an inevitable consequence of global technological development amid at a period of “chronic uncertainty” around the world.
Applied Net 2015: Comparing Google
Ellen Carney of Forrester Research has predicted that there will be a 25% reduction in the number of insurance agencies in the US by 2020.
Applied Net 2015: Millennials hold key amid ageing shareholder demographic
The US insurance industry must up its investment in young talent in order to secure a healthy future for the market, according Reagan Consulting principal Thomas Doran.
Applied Net 2015: Smaller brokers told to take long-term approach to M&A
Smaller brokers must focus on “life after the deal” in order to compete against the likes of Arthur J Gallagher and private equity-backed rivals in the booming mergers and acquisition environment.