United States of America (USA)
Kennedys to open Miami office
Insurance commercial litigation law firm Kennedys is set to open an office in Miami.
Insurance-linked transactions: Trigger happy
Eduard Held discusses trigger types and how they are being used by the reinsurance industry.
Rethink: Rates caution as Monte Carlo approaches
Our monthly round-up of readers' opinions shows that rates are stable with little sign of imminent change as the market gears up for the Monte Carlo Rendezvous.
Aon's contingent commissions alarming for industry - Willis
Willis has claimed that Aon's announcement of its resumption of accepting contingent commissions "where appropriate and legally permissible" is a wake-up call to insurance buyers.
Neal Bill opposition grows
Opposition to the bill proposed in the US congress by senator Richard Neal has continued to grow this month, with the CEA and German government both voicing opposition.
Aon Benfield ILS benchmarker
Aon Benfield Securities has launched an insurance-linked securities (ILS) benchmarking tool, Aon Benfield ILS Indices, which provides a quantitative view of ILS returns since December 2000.
Widespread flood losses hit Asia
Aon Benfield's monthly catastrophe recap report, which provides an analysis of worldwide catastrophic events, highlighted that July witnessed some of the worst flood events in history, with Asia being particularly badly affected.
BIS 2010: Speaker "delivers happiness" to the industry
The culture of a company is the single most important ingredient to success, according to Jeneen Minter, director of finance at Zappos.
US Re scopes out Danish terrorism risk market
The European subsidiary of US Re Corporation, international reinsurance brokers, has been selected by Finanstilsynet, the Danish financial Supervisory Authority, to conduct a study of terrorism risk reinsurance capacity in the Danish market.
Sports sponsorship: A sporting frenzy
At first glance, sports stars and insurers wouldn't appear to have much in common but, with the benefits of sports sponsorship proving their worth, Daniel Dunkley asks is it any wonder everyone is trying to get in on the action?
Lloyd’s names new American director
Specialist insurance market Lloyd’s has appointed Pat Talley as the regional director of its Central US region.
US financial markets - Enter the enforcer
Two years on from the onset of the financial crisis, what lessons has reinsurance learnt? Tim Evershed investigates.
Interview: Two is better than one
Katherine Blackler talks to Swiss Re's Alex Kaplan - vice-president of regulatory affairs - and Michael Natal - vice-president of tax - about their unconventional specialisms and the potential impact of the Neal Bill
FSA joins forces with US regulator
The Financial Services Authority has entered a memorandum of understanding with theUS Financial Industry Regulatory Authority.
Zurich ranks 9/11 and SARS top "mega-disasters" of last decade
Terrorist attacks, hurricanes, and pandemic risks top the list of “Top Ten Mega Disasters” of the past decade, released today by Zurich.
FSA enters agreement with US regulator
The Financial Services Authority and the US Financial Industry Regulatory Authority have entered into a memorandum of understanding to support more robust cooperation between the two regulators.
Karl wreaks havoc in east of Mexico
Hurricane Karl made landfall around 11:30am on 17 September local time, just to the north of the port city of Veracruz on the east Mexican coast.
Integro elects Byrne as chairman
John (Jack) Byrne, who led Fireman’s Fund and its former parent company, White Mountains Insurance Group, as well as Geico, has been elected chairman of the board of Integro.
Bermudan delegation to discuss ILS issues in New York
As a result of an upsurge in interest in the creation and listing of Insurance Linked Securities, a delegation from Bermuda is set to meet key industry figures in New York.
Aon Benfield predicts key considerations for (re)insurers in 2010/11
Inflation and pricing are key considerations for (re)insurers in 2010/11, according to Aon Benfield, which released its 2010 Insurance Risk Study, quantifying systemic risk across the global insurance industry.
Randall & Quilter buy from Guy Carpenter
The Board of Randall & Quilter has announced that, subject to regulatory approval, the group has agreed to acquire the Reinsurance Solutions Limited businesses’ from Guy Carpenter and Marsh for $10m in cash.
RMS: 120 homes damaged in California explosion
Risk Management Solutions has provided an update on the explosion that occurred in San Bruno, in San Mateo County, central California, US.
One dies in California gas explosion
A gas pipe explosion in California has killed one person and injured dozens more.
Former AIG boss Sullivan joins Willis
Former AIG chief executive Martin Sullivan has been appointed deputy chairman of Willis Group Holdings and chairman and CEO of a new business unit, Willis Global Solutions.