Regulation
Insurance reform will save reinsurance industry billions - IUA
Plans to cut collateral requirements for new policies written by international companies protecting US reinsurance risks will save billions of dollars and help provide better value cover for American businesses, the International Underwriting Association…
XL appoints design professional expert
XL has expanded its global design professional team by hiring Stuart Essex as senior underwriter in London.
New York insurance superintendent expects AIG asset sale to start 'within weeks'
New York insurance superintendent Eric Dinallo, chairman of a new National Association of Insurance Commissioners task force, said he expects American International Group to begin selling state-domiciled units within weeks to satisfy its $85bn bailout…
Aviation prices going up for the first time in five years says Aon
Insurance pricing in the aviation insurance market is going up for the first time in five years, according to a report from Aon.
Danillo expects AIG asset sale to start 'within weeks'
(BestWire) — New York Insurance Superintendent Eric Dinallo, chairman of a new National Association of Insurance Commissioners task force, said he expects American International Group Inc. to begin selling state-domiciled units within weeks to satisfy…
Framework for reducing reinsurance collateral advances at NAIC Fall Meeting
A long-debated new reinsurance framework that would reduce collateral obligations for non-US reinsurers moved a step closer to the US marketplace with approval by a key body at the National Association of Insurance Commissioners fall meeting.
AIG signs definitive agreement for $85bn Fed loan
AIG has signed a definitive agreement with the Federal Reserve Bank of New York for a two-year, $85bn revolving credit facility.
Ace subsidiary Sovereign appoints new underwriter
Ace's political risk (re)insurance subsidiary Sovereign has appointed Sophie Demeyer as senior underwriting officer. She will replace Nila Davda, who is relocating to open Sovereign’s office in Dubai.
Richard Neal's speech on overseas tax regulation
On September 18th, 2008 Democratic Congressman Richard Neal made this speech to the US House of Representatives, demanding proposing a change to existing tax regulation for overseas reinsurers:
Aegon calls on the Government to put financial advice on the policy agenda
The chief executive of Aegon UK has called for the government to make wider access to professional financial advice part of its policy response to the current economic crisis.
ABIR says anti-reinsurer legislation will 'drive up US insurance prices'
The Association of Bermuda Insurers and Reinsurers has said that any US legislation closing the tax loophole of overseas reinsuraers will drive up prices for US citizens.
ABI responds to FSA’s interim feedback statement on the RDR
The Association of British Insurers (ABI) has today published its response to the Financial Service Authority’s (FSA) interim feedback statement on the Retail Distribution Review. If the right outcome is reached, the ABI said the review should lead to a…
Berkshire Hathaway lead a coalition to close tax loophole for overseas insurers
Berkshire Hathaway is leading a lobby group to get US politicians to close a current loophole which allows foreign-based insurers to underwrite US risks.
Moody's maintains ratings on AIG despite rescue
Ratings agency Moody's has kept its ratings on AIG despite the $85bn rescue of the company by the US government earlier this week.
Randall and Quilter deal
Randall and Quilter, the run-off management service provider and acquirer of solvent insurance compa...
Looking back
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as these highlights from past-articles reveal
Mediation - Everything in moderation
UK Legal 2008
Who is the fairest of them all?
Conor Raffery of the Financial Services Authority highlights the importance of using plain intelligible language in policy exclusions
Giant falls on rating agency swords in bid for rescue
By the time this comment sees the light of day, AIG may have saved its skin for now, yet the storm t...
Captive strength
Captives: Financial Ratings
Aegon to take future of financial advice to party conferences
AEGON will host a series of breakfast roundtable discussions at each of the three main political party conferences in September and October, teaming up with the Social Market Foundation (SMF).
AM Best downgrades Lehman Re
US ratings agency AM Best has downgraded the financial strength rating (FSR) to B (Fair) from A- (Excellent) and issuer credit rating (ICR) to “bb” from “a-” of Bermudian reinsurer Lehman Re, which is the wholly-owned reinsurance subsidiary of collapsed…
Loss adjuster launches high end liability service
The Quest Partnership has launched a service to provide a tailor-made solution for complex and sensitive liability claims.
European insurers more stable than US counterparts, says CEA
The situation for European insurers is not comparable with the turbulent times faced by US financial institutions, according to the European insurance and reinsurance federation, CEA.