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International

Willis slugs Aon over contingent commissions

26 July 2010

Willis has launched a withering attack on rival broker Aon, labelling the latter’s decision to resume commissions on retail business as “troublesome and ambiguous”…

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Lloyd’s retains ratings tick

26 July 2010

Ratings agency Fitch has affirmed Lloyd’s credit rating ahead of forecasting its performance will suffer due to a “series of large losses”…

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Liability lag limits D&O exposure: Moody’s

26 July 2010

Insurers’ exposure to the global financial crisis is being shielded by the length and complexity of class action claims in the US, a Moody’s report claims…

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Natural disasters hit Chubb

26 July 2010

The cost of dealing with natural disaster claims has hit Chubb’s second-quarter net income, pushing it down $US33 million ($37 million) to $US518 million ($580 million)…

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Soft conditions reign in US P&C market

26 July 2010

Excess capacity in the US property and casualty market has led to another quarter of declining renewal pricing as insurers continue to chase market share…

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UK compo body weighed down by hefty costs

26 July 2010

UK brokers threatening to refuse to pay levies for a national compensation scheme won’t be happy to hear the scheme paid more than £204 million ($349 million) to 21,000 claimants…

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Maquarie
Brought to you by:
Maquarie