United States of America (USA)
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.
Scor reports 19% growth at treaty renewals
P&C and specialty treaty renewals at end of June have resulted in premium growth of 19% at constant exchange rates, whilst fully respecting the technical underwriting profitability criteria.
How many letters?
Tim Evershed investigates the property and catastrophe market in the early stages of the Atlantic and Pacific hurricane seasons
The Reinsurance Power List 2010: Who's the daddy?
After the usual team debates, tears and tantrums, once again the Reinsurance team presents its annual Power List. We give you our opinions on who is hot and who is not in the reinsurance world and why they are a force to be reckoned with
Climate change litigation: the forecast remains unclear
Conflicting judgments in the US mean that no clear decision has been reached there to determine if companies are facing a barrage of litigation for polluting the environment, writes Fredric Bellamy, Mark Freeze, David Nelson and Angus Rodger
Inside View: On the brink of change
Despite BP's self-insured status, oil and energy (re)insurance could be about to undergo radical change in the wake of the Deepwater Horizon disaster, writes Alistair Lockhart-Smith
News analysis: US reforms herald federal sector regulator
After a marathon 20-hour debate, the US Congress passed an amended version of the Dodd-Frank Bill that includes measures to create a federal insurance regulator. Katherine Blackler investigates
New analysis: Rates decline at July renewals
Prices fell for most peak lines at the 1 July 2010 renewals, with moderate pressure on property rates in regions with catastrophe activity, writes Katherine Blackler
Mapfre H1 revenues rise 9.2%
Increased international business and the recovery of sales in Spain has helped boost growth revenues at Mapfre.
Mapfre H1 revenues rise 9.2%
Increased international business and the recovery of sales in Spain has helped boost growth revenues at Mapfre.
Ironshore enters space market
Ironshore's aviation division has entered into a treaty reinsurance program with the Starr Group to provide protection against commercial satellite risk.
Rims attacks Aon stance on contingent commissions
The Risk and Insurance Management Society has criticised Aon's decision to accept contingent commissions and reiterated its opposition to the practice.
German government voices opposition to Neal Bill
The German ambassador to the United States Klaus Scharioth has written to house ways and means committee chairman Sandy Levin registering the opposition of the German government to the Neal Bill.
AIG names ex-Pru chief head of AIA ahead of listing
AIG has named former Prudential chief executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on the Hong Kong stock exchange.
Lloyd's welcomes US bill as step towards Solvency II harmonisation
Lloyd's welcomed the passage of the Dodd-Frank financial reform bill through the Senate yesterday.
Euro bounces back after four year low
The euro has today gained over 10 cents against the USD, taking it to 1.2986. The rise follows the euro hitting a 4 year low in June.