United States of America (USA)
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.
Cunninghams completes GAB US purchase
Claims company Cunningham Lindsey has completed the acquisition of the US loss adjusting business of rival firm GAB Robins.
Munich Re completes $131m deal
Munich Re, through its subsidiary Munich Health North America, has successfully concluded the acquisition of US Medicare provider Windsor Health Group for US$ 131m in cash.
AIG fined for misreporting $2.12bn of workers comp premium
AIG and its workers compensation insurance affiliates have agreed to pay $100m (£65m) in fines to insurance regulators in all 50 states and the District of Columbia for alleged premium under-reporting, acting Pennsylvania Insurance Commissioner Robert L…
Highlands policyholders receive full payout
Highlands Insurance Company UK direct policyholders have had their claims paid following the company’s administration in 2007.
RAA backs reinsurance reform
The Reinsurance Association of America has voiced support of the Federal License for Reinsurers Act of 2010.
Shipowners’ Club adds two to Vancouver office
The Shipowners’ P&I Club has transferred two of its London-based staff to its new office in Vancouver.
Europ reveals new five-year plan
Europ Assistance is planning to reduce its reliance on traditional travel and motor lines — which currently account for more than three-quarters of the company's turnover.
Wells Fargo plans sale of 37% stake in Besso
Wells Fargo is seeking a buyer for its stake in Lloyd's broker Besso.
Zurich names head of casualty for global corporate in North America
Zurich has announced the promotion of Brian Winters to head of casualty of global corporate in its North American business.
Zurich names new head of surety
Zurich has appointed Michael Bond as head of surety for its North American operations.
Tunnicliffe rejoins Marsh from Aon
Andrew Tunnicliffe has left Aon to head up Marsh Risk Consulting – the broker he originally left for a role at Aon Global Risk Consulting.
Lockton forms Indian alliance
Lockton has entered into a strategic relationship with Indian broker, Unison Insurance Broking Services.
Lockton forms Indian alliance
Lockton has entered into a strategic relationship with Indian broker, Unison Insurance Broking Services.
Admiral committed to Spain and Italy as it seeks to sell German business
Admiral has confirmed it is in talks which could lead to the sale of its German operation. However, the insurer stressed it remained committed to its other European businesses in Spain and Italy.
Aon Benfield estimates £1.2bn snow losses
The recent adverse weather across Europe has caused an “economic loss” of £1.2bn in Britain alone, according to an estimate from Aon Benfield.
Brokers Link adds new members
CG&B Group, Cornes Insurance Agency and Hertz & Co have joined intermediary network Brokers Link.
RMS: 2010 saw second most hurricanes since 1851
The 2010 Atlantic Hurricane season, which officially ended on 30 November, had the second highest number of hurricanes since records began in 1851, according to analysis by Risk Management Solutions.
RFIB sees 13% growth
Lloyd's broker RFIB has credited its 13% growth in turnover for the year ended 30 June 2010 to the performance of its marine and reinsurance divisions.
Transactional risks - Solutions: Coming of age
Companies with reinvigorated balance sheets are displaying renewed appetite for mergers and acquisitions. John McNally and Tim Allen detail how evolving transactional risk insurance solutions mean the market can meet their needs.
Foreign interest in UK firms rose over 2010
Interest from overseas in UK financial services and insurance companies has improved this year after the credit crunch caused investment and merger and acquisition activities to slow in 2009.
Postscript - 30 years ago: Las Vegas fire spawned huge claims
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Allianz on track to eclipse £30m target
Allianz Commercial is expanding its cross-border insurance offering as part of a relaunch of its UK mid-corporate operation.
Andrew King leaves Marsh to join Aon
Andrew King has joined Aon to enhance its claims consulting practice in the UK, and to contribute to the development of services across Europe, Middle East and Africa.