S&P alters its formulas
21 November 2006
Standard and Poor’s is considering a change in the way it assesses international insurance providers…
International
Don’t chase market share, says Lloyd’s
14 November 2006
Lloyd’s Director Worldwide Markets Julian James has warned insurers around the world to heed one of the most prudent – and often ignored – precepts of insurance…
Commercial premiums down, says RIMS
14 November 2006
Commercial insurance premiums in the US fell slightly in the third quarter of this year, according to a RIMS survey, representing a continuation of trends in the past two quarters…
AM Best applauds discipline
14 November 2006
All hurricanes and terrorism threats aside, the fundamental strength of the US property and casualty insurance industry has remained strong over 2006, says ratings agency AM Best…
Lloyd’s report calls for action
07 November 2006
Nicholas Stern isn’t the only one issuing reports on climate change…
Mixed results for top brokers
07 November 2006
Third quarter results for the world’s two biggest brokers, Marsh & McLennan and Aon, were a mixed bag this year, with Marsh & McLennan’s earnings more than doubling…
Insurers can cap World Trade Centre payout
07 November 2006
The feud between the insurers of New York’s World Trade Centre buildings destroyed in the 9/11 attacks and developer Larry Silverstein continues, this time with the insurers…
FSA plans more open regulation
07 November 2006
The UK Financial Services Authority is looking to insurers and brokers to help reduce the regulatory burden on business…
Willis profit grows
31 October 2006
No 3 global broker Willis Group has turned in a third-quarter result of $US301 million ($391 million) for the first nine months of this year…
Marsh CEO rejects acquisition speculation
31 October 2006
Marsh CEO Brian Storms has denied that the insurance broker and its parent company are for sale…
UK examines insurance sector
31 October 2006
In a bid to maintain principles-based regulation for the financial services sector, the UK’s Financial Services Authority will examine whether the regulatory regime for insurance…
Risk services help Gallagher along
31 October 2006
Major global broker Arthur J Gallagher has achieved $US421.2 million ($548.6 million) in revenue for the three months to the end of September…
UK advances asbestos legislation
31 October 2006
The British Government will bring forward legislation to ensure that at least 800 sufferers of asbestos-related diseases are able to keep their full compensation…
ASIC to enforce US law too
24 October 2006
The investment watchdog may soon be inspecting local companies on behalf of US regulators…
Buffett answers Equitas liability question
24 October 2006
The world’s second-richest man has come to the rescue of about 34,000 private investors with a stake in the run-off liabilities of Lloyd’s vehicle Equitas…
WTC ruling divides insurers
24 October 2006
A US Federal Appeals Court has delivered a mixed verdict to World Trade Centre leaseholder Larry Silverstein, meaning he will be able to collect $1.1 billion ($1.45 billion)…
Gallagher CEO named Chairman
24 October 2006
US insurance brokerage Arthur J Gallagher has appointed President and CEO J Patrick Gallagher Jnr to the additional post of Chairman…
US market continues to soften
24 October 2006
The US insurance industry is experiencing similar trends to local insurers when it comes to the continued softening of the market…
Willis named in Marsh move
17 October 2006
No 3 global broker Willis has had its “informal” offer for No 1 broker Marsh & McLennan rebuffed, according to London media reports…
Action urged on climate change
17 October 2006
North American insurers must do more to deal with the effects of climate change, according to a new report co-written by Allianz and the World Wildlife Fund…