News
Brokers upbeat on prospects for 2009
Brokers are upbeat on the prospects for 2009, senior management has told an AM Best conference
Willis in management reorganisation
Willis Re has announced some widespread changes in senior management.
Aon makes addition to renewable energy practice
Peter Lewis joins from Marsh
Pick of the week
IFB to move into new product areas; Stakeholders to discuss CPR rules; Hastings Direct to launch high street branch; Accident Exchange issues Autofocus proceedings; Primary Group set to axe 10% of staff
Housley joins new Rowell syndicate
Former Axis specialty chief joins Johnny Rowell's new syndicate, Reinsurance has learned.
Reinsurance demand expected in 2009 not materializing - AM Best
Reinsurance demand expected in 2009 is not materializing, according to AM Best
Senate Finance Committee passes health plan
The US Senate Finance Committee has passed a $829bn health plan that will overhaul the country's healthcare system.
AIG may sell $4.5bn worth of planes to ILFC CEO
AIG may sell $4.5bn worth of its ILFC planes to ILFC CEO Steven Udvar-Hazy, Bloomberg has reported.
JLT raids Aon for Asia boss
Dominic Burke hails capture of Anthony Longridge in regional push.
Run off market increased by 30% in 2008
Annual KPMG report claims market is worth £37.4bn.
Proaktive expands into Sheffield
Risk Group opens new office
Ace names Derek Talbott executive vice president of international property
Ace appoints ex Aon Benfield Fac senior vice president Derek Talbott as executive vice president, international property.
Insurer American Keystone shut down
American Keystone placed into receivership with the Florida Department of Financial Services and will be liquidated after the company’s latest financials were insufficient to buy reinsurance, regulators said.
PICC raises $732m
PICC Property & Casualty, China's largest non-life insurer in terms of premiums, has completed the issuance of RMB 5bn worth of ten-year subordinated bonds (circa $732m).
Aegon gets $650m boost
Dutch insurer Aegon has made $650m in regulatory capital available to its US operations by tapping future life insurance profits in a 10-year reinsurance transaction with JPMorgan Chase.