United States of America (USA)
Amlin purchases $150m worth of international cat cover
Amlin has revealed that it has acquired coverage for US hurricane, US earthquake and European windstorm perils of up to $150m (£95.7m) from Bermudian special purpose insurer, Tramline Re.
Fitch positive on Tokio Marine's Delphi swoop for enhancing overseas earnings
Fitch Ratings has said that there will be limited immediate impact on Tokio Marine & Nichido Fire Insurance, a core company in Tokio Marine Group, from Tokio Marine Holdings's proposed acquisition of Delphi Financial Group.
Aon pays fines upwards of $16m following bribery charges
Aon has responded to charges that its subsidiaries bribed international government officials by agreeing to pay more than $16m (£10.1m) in fines.
FSA slaps CICA with £2.8m fine for poor customer treatment
Combined Insurance Company of America has been fined £2.8m by the Financial Services Authority after “systematic failings” across the business were identified.
Barclays Corporate steps up NBFI push with insurance appointment
Bosses at Barclays Corporate have vowed to continue to develop the firm’s non-bank financial institutions following the appointment of new head of North American insurance Karla Maloof.
Fitch keeps ING Verzekeringen on negative watch
Fitch Ratings is keeping ING Verzekeringen NV and its subsidiaries on rating watch negative.
News analysis: Escalating loss estimates in Thailand begin to trigger market fallout
It was the worst flooding Thailand had seen for 50 years and, during its four-month spell, more than 600 people died and 77 provinces were submerged in water.
Interview - David Ross: Faster than the rest
David Ross is a man with a plan, pushing Arthur J Gallgaher International up the rankings with a seemingly unrivalled appetite for growth.
US P&C rates rise after six soft years
US Composite P&C rates have finally risen after six years and eight months of soft market pricing, according to the Dallas-based insurance exchange Market Scout.
Dual strikes Aspen and Pembroke capacity deals
Specialist underwriting agency Dual Corporate Risks has entered into a strategic partnership with Aspen Managing Agency (Syndicate 4711) and Pembroke Managing Agency (Syndicate 4000) to provide additional capacity for directors' & officers' liability.
US reinsurers report worsening COR
The Reinsurance Association of America has reported that 19 US property-casualty reinsurers wrote $18.3bn of net premiums during the nine-months ended 30 September 2010 compared to $18.7bn for the same period in 2009.
Howden announces two new hires
Howden Insurance Brokers has appointed Karen Kutger and Dawn Sequeira to its wholesale and reinsurance division.
Perkins Slade rings the changes
Despite a relatively quiet quarter for broker recruitment, Perkins Slade named three new directors this week. The intermediary was not the only firm making changes, with Jelf and Willis also naming new starters. Among insurers I was a bust seven days for…
Stonepoint to reduce interests in Cunningham Lindsey and Lockton
Global claims management group Cunningham Lindsey and broker Lockton International are both looking at options that may see private equity giant Stonepoint Capital divest or reduce its interests in the groups, Post understands.
Editor's comment: Oxygen offers lessons for all
The ‘breath of fresh air’ puns were never too far away when the London market broker Oxygen was launched in 2004 with bullish enthusiasm.
Towers Watson hires five to make telematics programme global
Towers Watson has made five senior appointments to help roll out a programme that aims to support insurers in creating products priced according to the driver’s behaviour.
Hiscox cuts GWP in favour of profit
Hiscox has said its gross written premiums year on year reduced in the first nine months of the year by 3.0% to £1,169.5m (2010: £1,205.3m) as the group maintained underwriting discipline and walked away from poorly rated risks.
EU & US conduct tests for cyber attacks in 'Cyber Atlantic 2011'
The first test of trans-Atlantic responses to cyber incidents, including cyber attacks, has taken place in Brussels.
Strong US ties help rate Axa's entities as 'AA-'
Axa has had all its entities' insurer financial strength ratings affirmed at 'AA-' by Fitch Ratings.
US expected to achieve Solvency II equivalence
The US solvency regime for insurers is expected to achieve equivalence with the European Union's Solvency II requirements according to Fitch Ratings.
McGovern named on US Treasury insurance committee
Lloyd’s North America director and general counsel Sean McGovern has been appointed to the US Treasury’s committee on insurance.
AIG reveals $972m payment to US Treasury after MetLife deal
AIG has announced that it had paid the United States Department of the Treasury $972m to reduce the liquidation preference on one of the special purpose vehicles created as part of the government's assistance to AIG.
Rina to reach Mexico in 36 hours
Hurricane Rina is expected to hit popular tourist destination Mexico in the next 36 hours.
Market moves: All change at Zurich and Willis
Following a slow period, large insurers made a number of key appointments this week, including major moves at Zurich, Allianz and RSA.