International
22 October 2012
Famous for his New York swagger, unconventional management style and “anything is possible” mantra, Willis CEO Joe Plumeri is to step down after 12 years running the world’s third-largest brokerage…
22 October 2012
Commercial insurance is growing two to three times faster in emerging markets than elsewhere, according to Swiss Re’s latest Sigma report…
22 October 2012
The CEO of the UK’s new Financial Conduct Authority says the forthcoming “twin peaks” model will provide more resources for protecting customers and policing institutions…
22 October 2012
A US insurer that underwrote performance bonuses paid to Lance Armstrong after winning his sixth Tour de France is preparing to sue the former champion cyclist…
22 October 2012
Insurers and other interest groups are divided about new US legislation designed to protect residents from natural disasters…
15 October 2012
International trade bodies including the Insurance Council of Australia have joined forces to create the Global Federation of Insurance Associations…
15 October 2012
The American Insurance Association fears the ComFrame working draft is being interpreted as a new layer of prudential supervision…
15 October 2012
Bermuda is becoming a centre of the global insurance-linked securities and special purpose insurer (SPI) business, according to the local regulator…
15 October 2012
The Royal Bank of Scotland has raised £787 million ($1.2 billion) from the initial public offering of its insurance unit Direct Line, according to reports…
15 October 2012
AIA Group has bought ING’s Malaysian life business for $US1.73 billion ($1.64 billion)…
15 October 2012
Ratings agency AM Best says the Chinese insurance market is in a “state of transition”…
15 October 2012
The European insurance regulator has called for a “clear and credible” timetable for implementing the Solvency II rules…
15 October 2012
Aon Risk Solutions has formed a risk-pooling practice to provide comprehensive property, casualty and employee benefits products for organisations involved in group purchasing…
15 October 2012
UK Financial Services Authority Chairman Adair Turner has admitted numerous regulatory shortcomings in the organisation and praised the “twin peaks” model to be introduced next year…
08 October 2012
Global insurance prices continued to rise in the third quarter of this year, according to the Marsh Risk Management Global Insurance Index…
08 October 2012
The worldwide insurance industry has been resilient in the face of the global financial crisis and last year’s catastrophes, according to the International Association of Insurance Supervisors…
08 October 2012
Floods have become “one of the costliest perils across the globe”, according to Aon Benfield’s Global Catastrophe Recap for last month…
08 October 2012
Regulators are investigating the UK car insurance market amid concerns it is “not working well for motorists”…
08 October 2012
An investor group led by private equity firm CVC Capital Partners has taken a majority stake in global loss adjuster Cunningham Lindsey…
08 October 2012
US property/casualty insurers’ net income more than tripled to $US16.4 billion ($16 billion) in the first half of this year, as natural catastrophes eased…