Regulation
Bullied resignee entitled to bonus
Cantor Fitzgerald International v Horkulak, (Court of Appeal - 14 October 2004)
Question Time - Commercial concerns
Commercial Broking
Appointment at Affiliated FM
Anna Spink has joined commercial property insurer Affiliated FM as production underwriter. Ms Spink ...
Transparency will reap rewards
Just a few weeks after Eliot Spitzer announced his inquiry, many in the UK are ignoring the impact -...
Biba list will take "a while" to sort through
The British Insurance Brokers' Association revealed it will be "a while" before it knows how many se...
Major loss has a major impact
CILA Roundtable
The lucky country?
Australia
Lloyd's capacity auction suggests Names exodus
London Market News
Norwich Union publishes guide
Broker News in Brief
Technology - Tools of the trade
Commercial Broking
Spitzer Inquiry - Tales from the city
Commercial Broking
AM Best affirms Ace Australia rating
AM Best has affirmed the financial strength rating of Ace Australia (ACEAU) at A (excellent) with a stable outlook.
Moody’s still looking at MMC ratings
Moody's Investors Service announced today that it is continuing its review for possible downgrade of the long-term (senior unsecured at Baa2) and short-term (commercial paper at Prime-2) credit ratings of Marsh & McLennan (MMC).
Amlin debt issue rated stable
Moody's Investors Service has assigned a Baa3, stable outlook, subordinated debt rating to Amlin's $50m (£27m) subordinated bonds due 2019. The net proceeds of the issue of the bonds will be used by Amlin to partially refinance existing letters of credit…
New Aon report looks at P&I renewal
The 2005 Protection and Indemnity (P&I) renewal for ship owners is likely to see general rate rises of up to 12.5% in insurance premiums, according to Aon’s new 2004/2005 P&I handbook.
Breuer succeeds Royer on CEA accident committee
Uwe Breuer, director of R+V Allgemeine Versicherung (Germany), has been appointed as the new chairman of the Comité Européen des Assurances Accident Insurance Committee.
Mitsui Sumitomo strengthens subsidiaries
Mitsui Sumitomo Insurance Company has announced plans to strengthen its global reinsurance operations through its two subsidiaries, MS Frontier Reinsurance and Mitsui Sumitomo Reinsurance.
Goshawk takeover plan shelved
Nikko Principal Investments today annouced that it has called of takeover talks with Goshawk.
Brokers should disclose commission fees
Insurance brokers will have to disclose the cash amount of all commission and related payments received from insurers or risk breaking the law and Financial Services Authority rules, warned law firm Reynolds Porter Chamberlain.
Omni Whitting buys Singapore insurer in run-off
Omni Whittington Investments (Guernsey) has purchased Singapore-based Lion City Run-Off Private Limited from DBS Group Holdings.
Hartford buys Nat Cat cover from Foundation Re
Hartford Financial Services Group has bought $247.5m worth of reinsurance for natural catastrophes from Cayman Island-based reinsurer Foundation Re.
CITIC Prudential opens Shanghai office
Prudential’s life insurance joint venture, CITIC Prudential, has received official approval by the China Insurance Regulatory Commission to open a new branch in Shanghai. Prudential said that it now is well positioned to continue its expansion in the…
Zurich urges brokers to help businesses plan for bad weather
Zurich is urging brokers to support businesses by offering them advice on what they can do to reduce the risk of flood to their property.
Aon Re claims UK training pilot success
By Dan Coatswoth Aon’s Reinsurance division will become one of the first companies to receive Exemplar Status for their approach to training as part of the UK Financial Services Skills Council pilot project for accrediting in-house training schemes. Aon…