United States of America (USA)
US doomed to another crisis if financial reforms are not implemented – Obama
President Barack Obama scolded the US financial services sector for its "furious efforts" to fight tighter regulation, saying the United States was doomed to another financial crisis if reforms were not implemented.
Swiss Re, Lloyd’s see boost for insurers in Dodd Bill
Proposed plans to create US Treasury Department office to negotiate international regulations have drawn praise from (re)insurers.
Brown & Brown Q1 profit down 8%
US (re)insurance broker Brown & Brown has reported a quarterly profit that narrowly beat market estimates, helped by low expenses.
Endurance promotes Asquino
Endurance Specialty Holdings has announced the appointment of Thomas Asquino as CUO, property and casualty, of Endurance Worldwide Reinsurance.
Goldman Sachs does not have E&O cover
Goldman Sachs, the investment banking giant that has recently been indicted by the SEC for fraud, does not carry E&O insurance, market sources have told Reinsurance.
AIG linked with Goldman Sachs legal action as Clegg weighs in
AIG is reported to be considering action against Goldman Sachs.
Waterland to buy MetLife Taiwan for $112.5m
Waterland Financial Holdings to pay cash for the Taiwan business of the US life insurer as more insurers exit the country.
US Congress extends National Flood Insurance Program
President Barack Obama has signed into law legislation that extends the National Flood Insurance Program (NFIP) through to 31 May.
Goldman Sachs charged with fraud by the SEC
Goldman Sachs Group was charged with fraud on Friday by the US regulator in the structuring and marketing of a debt product tied to subprime mortgages.
View from Top - Europe: Facing up to global litigation risks
Embracing the benefits of a global supplier network and access to customers around the world carries opportunities and risks alike. While the risks around the global supply chain are frequently discussed, the dangers in regards to product liabilities…
QBE set for $565m purchase of US underwriter NAU
QBE has agreed to agree underwriter and multi-peril crop insurance firm NAU Country Insurance for $565m (£365m).
Soft market continues but rising premiums on the horizon - RIMS
RIMS benchmark survey finds lower premiums are continuing for US commercial insurance pricing but looming catastrophe losses could portend a turn in the market.
AIG: Bernstein erred in reserve-shortfall estimate
AIG told US regulator that Sanford C. Bernstein’s review of its claims-paying resources relied on faulty analysis.
30 years ago: Computer lawsuit is delayed
Lawsuits between Lloyd's underwriters and South Western Bell Telephone Company in the US over computer leasing risks are unlikely to be tried until later this year.
Homeserve makes US acquisition
Homeserve is expanding its international operations and the development of its US business with the acquisition of National Grid Energy Services service contract business from National Grid Energy Services.
FM Global research underlines sprinkler importance
Automatic fire sprinkler protection can significantly cut the environmental impact of fires in addition to its proven effectiveness at minimising property damage. That is the key finding of new US scientific research published this week.
AIG CEO Benmosche received $2.7m for 2009
Robert Benmosche received $2.7m in compensation for 2009 as the bailed-out insurer began selling assets to repay government loans
Berkshire Hathaway insurance profits may fall – Barclays
Warren Buffett’s Berkshire Hathaway may post declining returns on equity through next year on reduced insurance earnings, said Jay Gelb, an analyst at Barclays.
Fairholme becomes biggest AIG investor after US government
Fairholme Capital Management has acquired about 15 million shares of AIG in a bet on a rebound of the bailed-out insurer.
Greenberg seeks to end civil fraud case
Former AIG chief exec Hank Greenberg has asked a judge to dismiss a civil fraud lawsuit brought by New York's attorney general, who is seeking to hold him personally liable for a sham reinsurance transaction.
Dutch insurance giant outlines new reporting style
Aegon has unveiled its new reporting format that it claims better aligns with the way it manages its businesses.
Dutch insurance giant outlines new reporting style
Aegon has unveiled its new reporting format that it claims better aligns with the way it manages its businesses.
BMS poaches Guy Carpenter ILW specialist
BMS has appointed Stefano Nicolini, as senior vice president concentrating on industry loss warranty (ILW) business.
Beazley changes reporting currency
Lloyd's insurer Beazley is to change its reporting currency to US dollars for the 2010 financial year onward.