United States of America (USA)
US insurers 'irritated' by equivalency scheme
Some US-based insurers find plans to align more closely with their European counterparts under the Solvency II equivalency scheme 'irritating'.
Tawa targets US growth
Risk capital and insurance services provider Tawa has outlined plans to increase its investment in the US marketplace.
QBE strikes $700m Bank of America insurance agreement, acquires BOA arm
QBE has entered into an initial ten year distribution agreement with Bank of America for lender placed and voluntary homeowners, contents, motor and other related consumer lines and associated services.
QBE halts share trades as it is linked with $2bn US acquisition
QBE Insurance is in talks to buy US insurer Balboa from Bank of America , according to reports.
CFC launches 'unambiguous' recruitment product
Underwriting agency CFC is targeting a share of the £30m gross written premium recruitment insurance market, after launching an "unambiguous" product aimed at the sector.
Breckenridge acquires specialty reinsurance intermediary
Breckenridge has acquired a majority interest in REcentis Intermediaries, a specialty reinsurance broker with offices in Westlake Village, California and Sydney, Australia.
XL Insurance makes senior underwriting appointment
XL Insurance has appointed Cristiana Báez-Safa as chief underwriting officer professional lines international.
News analysis - Aviva shake-up: Mayer's return to Europe
With Igal Mayer set to spearhead Aviva's European plans, Daniel Dunkley asks the market its opinion on the appointment of this divisive figure and how he is likely to fit in with the firm's strategy.
Howden forms programme with Liberty
Howden Specialty Underwriters, Hyperion Insurance Group’s US general agent, and Liberty International Underwriters, the global specialty lines division of Liberty Mutual Group, now offer a management liability insurance programme focused on private…
$50bn loss needed for reinsurance rates to rise, Flagstone Re chief warns
Reinsurance renewal pricing was down by eight per cent in the US, according to Gary Prestia, Flagstone Re’s chief underwriting officer for North America.
Analysts postive on Aviva and RSA following market updates
Analyst Jeffries has issued two positive notes on insurers Aviva and RSA this morning in the wake of the announcements made yesterday.
Postscript - 15 years ago: East coast floods see death toll rise
Looking back through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 15 years ago reveals.
Ex-Aviva UK GI CEO returns to London in new leadership role
Former Aviva UK general insurance boss Igal Mayer is set to return to Europe as CEO EMEA.
Ex-Aviva UK GI CEO returns to London in new leadership role
Former Aviva UK general insurance boss Igal Mayer is set to return to Europe as CEO EMEA.
Mapfre report highlights market growth in Latin America
Insurance markets in Latin America experienced a 10.5% rise in premium volumes in 2009 compared to the preceding year – reaching €76 591m.
QBE sells US subsidiary to Catlin
Catlin has acquired Blue Ridge Insurance Company from QBE Insurance Group.
Florida a hot-spot for staged motor accidents
Florida’s chief financial officer has pledged to go after insurance fraudsters following seven arrests last week across two of the state’s cities.
CGSC takes 100% holding in Mexican broker
Insurance broker Cooper Gay Swett & Crawford has moved to a 100% shareholding of Mexican reinsurance arm Cooper Gay Martinez del Rio after acquiring the shares of local senior executives.
Postscript - 100 years ago: Explosion at Grand Central
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 100 years ago reveals.
Legal update - Transatlantic triggers: The same but different
Mark Burton and Don Ramsey examine whether the UK can glean potential solutions from the US as the courts continue to wrestle with the thorny issue of what triggers a disease-related EL policy.
One in four holidaymakers shun travel insurance
Almost a quarter of British holidaymakers are traveling overseas without insurance, research by the AA has revealed.
XL expands
XL has expanded its professional liability offering for architects and engineers after commencing writing on Lloyd's paper.
Ironshore launches new European platform with Allied World raid
Ironshore has announced the formation of Ironshore Europe, domiciled in Dublin, Ireland.
Axa declared largest insurer in the world by net written premium
The world's largest insurers, measured by assets and net premiums are based in Japan and France respectively, AM Best has found in its annual ranking of global insurers.