News
US: Chinese drywall makers may ignore lawsuits
Lawyers say they expect Chinese companies that made the wallboard to ignore hundreds of lawsuits filed against them in US courts.
Insurer RSA hands broker Oval millions
However, insurer does not take equity stake in broker.
Willis acquires Argentinian operation
Willis Re completes the purchase of Herzfeld Willis S.A. (retail) and Willis S.A. (reinsurance) in Argentina
Groupama launches Romanian subsidiary
Insurer Groupmama has launched Groupama Asigurari in the Romanian insurance market.
FSA unveils new PPI complaints measures
185,000 previously rejected claims due to be reopened
Georgia floods may cost $500m
The flooding that wreaked havoc in Georgia last week may cost insurers $500m
Report: FDIC preparing to ask banks to prepay $36bn
The US regulator could banks to prepay $36bn in premiums to replenish the deposit insurance fund.
Munich Re, Lloyd's syndicates could be affected by Iran sanctions
Sanctions on Iran could affect the business of Munich Re and Lloyd's syndicates, the Financial Times has reported.
Typhoon death toll rises in Philippines
The death toll from Typhoon Ketsana rises to 240 in Phillipines
Ernoult returns to Marsh after leaving Giles
He will take up the role as leader of the southern region.
CILA shakes up exam structure
New executive director Malcolm Hyde hails restructure.
Cassano returns to US to face the music
Former AIG executive leaves London
Stanford blocked from accessing Lloyd’s funds
Allen Stanford’s court-appointed receiver persuades US judge to block bid to access insurance funds to pay lawyers
US health program vote likely Tuesday
Vote on Barack Obam's US health reform later on Tuesday.
Willis wins Panama Canal contract
Panama Canal Authority selects Willis over two rivals
Brokers need to tighten their systems and controls to guard against bribery
Pincent Masons comments on warning from the FSA
DIMA sees record Irish growth
DIMA, the representative body for the international (re)insurance industry in Ireland, has seen another record year of premium income growth in its membership.
US surplus lines results dip from competition, cat losses and economy
Report from AM Best notes that in 2008, the underwriting and operating performance of surplus lines companies continued to outpace that of the total property/casualty industry, although at a diminished level from 2007.
US property/casualty net income tumbled first-half 2009
Net income tumbles but underwriting results and investment returns improving.
Chinese regulator defines new insurer rules
The China Insurance Regulatory Commission has created new standards in the country's personal accident insurance sector.
Axa in multi-million pound deal to overhaul commercial systems
Insurer elects to work with Duck Creek and Tata.
E&Y licenses EMB capital modelling software
E&Y reviews Igloo model ahead of Solvency II deadline
NIG introduces new rating structure
Insurer reviews traders combined product
Philippines hammered by typhoon
Over 100 feared dead as typhoon hammers Pacific nation.