News
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.
GC files against Lockton Re
Guy Carpenter has filed a suit in a bid to recoup brokerage fees after clients followed an employee to Lockton Re. The action follows disputed brokerage fees for placing reinsurance coverage.
BIS 2010: Actuaries can "charge what they want"
The Actuarial profession is undergoing a "Y2K moment" as the demand for skills increase under looming regulatory proposals, WNS Global has said.
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.
Ironshore enters space market
Ironshore's aviation division has entered into a treaty reinsurance programme with the Starr Group to provide protection against commercial satellite risks. The global space insurance programme provides coverage for satellite launch insurance and in…
Scor reports 19% growth
Property and casualty and specialty treaty renewals at end of June have resulted in premium growth of 19% at constant exchange rates, while fully respecting the technical underwriting profitability criteria.
Brit opens books to private equity
Brit has confirmed that private equity house Apollo has submitted a revised indicative proposal to acquire the entire issued and to-be-issued ordinary share capital of the company at a price of £10.75 for each share in cash.
Goss Re appoints new CEO
Goss Reinsurance Brokers, the reinsurance brokerage division of US Risk Insurance Group, has appointed Scott Brock as chief executive officer.
Carroll joins Chaucer board
Chaucer Holdings has appointed Tim Carroll, former underwriting director at managing general agents Canopius, as a non-executive director at Chaucer Syndicates, its managing agency and main operating company. He has also joined the risk and capital…
Asia push sees Howden extend into Singapore
Howden Broking Group is set to expand its Asian wholesale operation after securing a trading licence in Singapore and rebranding its Korean joint venture under its own name.
Ex-Fortis fraud boss joins Groupama
Andy Pagett has been appointed by Groupama Insurances in the senior role of counter fraud manager.
Q2 cat bond issuance surge
Guy Carpenter has announced the completion of eight catastrophe bond transactions, totaling $2.05bn of risk capital as investor appetite remains strong.
Energy rates rise
Worldwide energy insurance rates will continue to harden in 2010 because of the Deepwater Horizon oil disaster Beazley has claimed.
Gallagher acquires SBA
Gallagher International has acquired Australia-based natural resources risk management provider Specialised Broking Associates for an undisclosed sum.
BIS 2010: CEBR warns of “sluggish” insurance market
The economic landscape following the credit crunch will cause growth in the European insurance market to slow, the Centre for Economics and Business Research has claimed.
BIS 2010: CEBR warns of “sluggish” insurance market
The economic landscape following the credit crunch will cause growth in the European insurance market to slow, the Centre for Economics and Business Research has claimed.
BIS 2010: XL head compares insurers to doctors who smoke
In highlighting the importance for clients to understand an insurers' risk, Nigel Bamber, XL Insurance head of client relationship management UK, asked today's British Insurance Summit: "Is the insurer like a doctor who smokes?"
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.
Hannover Re to sponsor the Global Earthquake Model initiative
Hannover Re and the GEM Foundation have announced their partnership agreement.
Guy Carpenter names chief actuary
Guy Carpenter has promoted Steve White to chief actuary, effective immediately.
THB makes Dutch appointment
THB has expanded its operation in Amsterdam with the appointment of Peter de Kersaint Giraudeau.
THB makes Dutch appointment
THB has expanded its operation in Amsterdam with the appointment of Peter de Kersaint Giraudeau.