United States of America (USA)
Strong US ties help rate Axa's entities as 'AA-'
Axa has had all its entities' insurer financial strength ratings affirmed at 'AA-' by Fitch Ratings.
US expected to achieve Solvency II equivalence
The US solvency regime for insurers is expected to achieve equivalence with the European Union's Solvency II requirements according to Fitch Ratings.
McGovern named on US Treasury insurance committee
Lloyd’s North America director and general counsel Sean McGovern has been appointed to the US Treasury’s committee on insurance.
AIG reveals $972m payment to US Treasury after MetLife deal
AIG has announced that it had paid the United States Department of the Treasury $972m to reduce the liquidation preference on one of the special purpose vehicles created as part of the government's assistance to AIG.
Rina to reach Mexico in 36 hours
Hurricane Rina is expected to hit popular tourist destination Mexico in the next 36 hours.
Market moves: All change at Zurich and Willis
Following a slow period, large insurers made a number of key appointments this week, including major moves at Zurich, Allianz and RSA.
NW England bodily injury claims largest in UK and America
The Institute and Faculty of Actuaries has welcomed the government decision to ban referral fees after its research found claims management companies (CMCs) pocketed almost £500m last year.
Zurich names chief underwriting officer for North America
Zurich has announced Mary Merkel is to replace Time Carter as regional chief underwriting officer for the insurer in North America, with immediate effect.
In series - Lloyd's & London Market: An eye on the future
Lloyd’s and the London market has a fantastic reputation and its inherent creativity and principle of continuous self-improvement should be feared by its competitors.
Willis teams with science academy on event management
Global insurance broker Willis and the leaders of the US National Academy of Sciences have pledged to continue to explore activities aimed at increasing the physical and financial resilience of populations to extreme events.
Coface downgrades forecasts
Trade credit insurer Coface has downgraded its forecasts for the US and much of Europe claiming financial market volatility “has spread to the real economy”.
Bermuda is US’s biggest insurance ally
Business Bermuda’s 2011 Economic Impact Study claims that for the first time ever Bermuda became the most important international provider of insurance services to the US last year.
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on how European insurers will be affected by US Asbestos, Pollution and Health Liabilities when Solvency II is implemented; and a guest blog on brokers putting business out to auction.
European insurers and US Asbestos, Pollution and Health liabilities
European insurers may not currently be focused on US Asbestos, Pollution and Health liabilities but according to John Winter they need to act now to avoid problems as Solvency II is implemented.
CEA opposes US tax proposals as barrier to European insurers
The CEA is strongly opposing Bills introduced this week US House of Representatives saying they could lead European insurers to withdraw from the US market.
Interview - Ann Haugh: Making the right decisions
UK CEO of Zurich Global Corporate Ann Haugh has never been averse to taking risks and reveals her determination to grow the business is as strong as it is strategic.
Market moves: Brokers pick up the pace
Following a quiet fortnight, major players in the broking sector have actively been recruiting this week.
Swedish Sirius has rating affirmed
Sirius International Insurance Corporation of Sweden has has its financial strength rating of A (Excellent) and the issuer credit rating of "a" affirmed by AM Best.
Event insurance: Dancing in the street
Next year could be huge for the events industry, with the Diamond Jubilee and the London Olympics taking place. With a host of celebrations occurring, can the events insurance sector capitalise?
Agriculture: Reaping the rewards
With a rise in the theft of agricultural plant equipment, the industry and police are striking back with new initiatives.
Brit acquires public entity package team from HCC
Brit has opened a new office in Richmond, Virginia to underwrite first dollar package business for the public entity sector.
Top 100 UK insurers supplement: Steadying the ship
After a tough 2009, the top insurers have managed to maintain GWP levels in 2010 but snapping at their heels are a few new entrants doing their best to prove there is still money to be made in general insurance.
American broker blames barriers to entry for lack of interest in London
Reinsurance broker Tiger Risk Partners UK has claimed to be the first US-owned broker to set up a London office since 2003, blaming the lack of interest on the UK’s “significant barriers to entry”.
MYI CEO targets more acquisitions after sealing double deal in a week
McLarens Young International has underlined a period of rapid global expansion with the acquisition of a US-based SME claims adjusting firm, just days after announcing its commitment to the aviation sector.