United States of America (USA)
Moody's affirms Aegon rating
Moody's Investors Service affirmed the A3 senior debt and Baa2 subordinated debt ratings of Aegon and the A1 insurance financial strength ratings of Aegon's US life insurance operating companies.
Aon Benfield launches ILS benchmarking tool
Aon Benfield Securities has launched an insurance-linked securities (ILS) benchmarking tool, the Aon Benfield ILS Indices, which provides a quantitative view of ILS returns since December 2000.
S&P affirms AA rating for Allianz
Standard & Poor’s has affirmed the stand-alone AA (stable) financial strength rating on 12 August for Allianz Global Corporate & Specialty, the industrial arm of the Allianz Group.
Lockton issues fiscal report
Lockton generated $774m (£495m) in fiscal 2010 revenue, representing a 5% organic growth rate.
Bupa CEO confident of new opportunities as H1 results show revenue up 10%
Bupa this morning reported revenues up 10% to £3.71bn, driven by organic growth of 4% and favourable foreign exchange movements of 6%.
Nordlin appointed chief information technology officer for Zurich
Zurich Financial Services Group has appointed Markus Nordlin to the position of chief information technology officer and member of the group management board.
Nordlin appointed chief information technology officer for Zurich
Zurich Financial Services Group has appointed Markus Nordlin to the position of chief information technology officer and member of the group management board.
Crawford results show $2.5m net loss
Loss adjuster Crawford & Company has reported consolidated revenues before reimbursements of $238.2m in the second quarter of 2010 compared to $249.7m in the same period of 2009.
Catastrophe bond issuance surges in Q2 – Guy Carpenter
Eight transactions completed, totaling $2.05bn of risk capital as investor appetite remains strong according to the reinsurance broker.
QBE restructures exec to better reflect growth
As a result of its continued expansion, QBE has decided to restructure into three main operating divisions – Europe, the Americas and Australia Asia Pacific.
AIG Q2 2010 results reveal losses
AIG has reported a net loss attributable to AIG of $2.7bn for the second quarter of 2010, compared to $1.8bn in the second quarter of 2009.
IUA welcomes US financial services reform
The International Underwriting Association of London has stated new US legislation will help London Market companies writing surplus lines business.
Insurance exports hit a new high according to The City UK report
Net UK insurance exports reached a record £8.3bn in 2009 according to a new report.
Insurance exports hit a new high according to The City UK report
Net UK insurance exports reached a record £8.3bn in 2009 according to a new report.
Cooper Gay targets binder growth
Cooper Gay has laid out plans to double the number of binding authorities it handles worldwide within three years.
Contingent commissions a “conflict of interest” for brokers – Greenberg
Contingent commissions, the once- banned payments that insurers pay to entice brokers, create a conflict of interest and ought not to become prevalent again, Ace CEO Evan Greenberg has said.
Zurich reshapes global life business
Zurich has appointed four regional chief executives within global life, Europe, Asia Pacific & Middle East, North America and Latin America.
Brokers at war over contingent commissions
Aon has become embroiled in a war of words with rival Willis after it signalled its intent to once again accept contingent commissions in the US.
CEA submits statement
The CEA has submitted a written statement to the US House of Representatives Subcommittee to express its concerns over proposals to change the US tax treatment of reinsurance between affiliated entities.
Aegon downgraded by Fitch
Ratings agency Fitch has downgraded Aegon’s long term issuer default rating from A+ to A.
CEA voices concerns over Neal Bill
The CEA has submitted a written statement to the US House of Representatives Subcommittee to express its concerns over proposals to change the US tax treatment of reinsurance between affiliated entities
CEA voices concerns over Neal Bill
The CEA has submitted a written statement to the US House of Representatives Subcommittee to express its concerns over proposals to change the US tax treatment of reinsurance between affiliated entities
Bonnie causes minimal damage but disrupts spill clean-up
Tropical Storm Bonnie, the second named storm of the Atlantic hurricane season, degenerated into a remnant low over the weekend after clipping southern Florida.
Guy Carpenter files suit against Lockton Re after client defections
Guy Carpenter has filed a suit in a bid to recoup brokerage fees after clients followed an employee to Lockton Re.