October 2007/5

US insurance giant The Chubb Corporation has received approval from the Chinese authorities to turn its Federal Insurance Company from a Shanghai branch to a wholly owned insurance subsidiary.

Bancassurance is gaining in popularity particularly in emerging markets, according to research by Swiss Re.

Major UK retail bank Lloyds TSB Group plc has been sued in the US for allegedly violating federal anti-money laundering provisions, a case which could be brought as a claim against its Directors and Officers (D&O) insurance policy, placed in the London ma

Airline premium rates fell again this month - after a brief hiatus in August/September - according to the latest data from Aon Aviation.

Bermuda-based insurer Hiscox plc has continued to build on its international expansion with the launch of Hiscox Global Markets in New York.

David Stevens, COO of UK niche-branded insurer Admiral Group plc, has purchased £1.9mn of shares in the company, taking the director's shareholding in Admiral to 3.84 percent.

Thousands of jobs are under threat at UK household insurer Norwich Union after its parent, Aviva, announced £350mn of cost savings in the UK by the end of 2009.

After decades of lobbying from the international (re)insurance community, one US state is spearheading new regulation that would remove collateral requirements for the highest rated foreign and non-New York reinsurers.

As reinsurance market practitioners gathered in the town of Baden Baden this weekend, German reinsurance giant Munich Re boldly stated that, for the 1 January 2008 renewals, it predicts markets to be "harder than expected" in certain sectors of the indust

Reinsurance broker Guy Carpenter & Co has announced two key appointments to its facultative team as it continues to rebuild following a number of senior defections to Integro earlier this year.

Reinsurance broker Guy Carpenter & Co has announced that it has changed the name of MMC Securities to GC Securities and has expanded its investment banking capabilities in Europe.

Bermudian energy mutual Oil Insurance Limited is co-suing the US government over the flooding of a refinery during Hurricane Katrina.