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  • AJ Gallagher's organic growth dipped over the first nine months of 2010, with the broker reporting a 1.9 percent decline in organic commissions and fees, supplemental commissions and contingent commissions.
  • The French insurance market is maintaining its stability despite increased pressure on motor rates and a lacklustre economy, according to a report from rating agency Standard & Poor’s (S&P).
  • Ron Sandler, the chairman of Bermudian insurer Ironshore Ltd and the former chief executive of Lloyd's, is poised to run the stricken UK bank, Northern Rock, if it is nationalised.
  • Although the industry has learnt the business lessons of the 9/11 terrorist attacks, only those companies that suffered actual loss of life in the tragedy have developed sufficient risk strategies, according to research released today (17 October).
  • Major brokers Aon Corp and Willis Group Holdings have welcomed the seven-year extension of the Terrorism Risk Insurance Act (TRIA) that was signed into US law by President Bush on 26 December.
  • American International Group (AIG) is speeding up plans to reposition its Asian life insurance operations as an independent company that will include a multi-billion dollar initial public offering (IPO).
  • Established Bermudian RenaissanceRe trumped analysts’ expectations with record earnings figures last week, posting operating earnings of $524mn for 2003, equivalent to $7.38 per share and significantly higher than consensus estimates of $1.81 a share.
  • An attempt by Barclays Capital to rescue ailing structured investment vehicle (SIV) Mainsail II failed last month.
  • US military mutual insurer USAA's thirteenth consecutive cat bond, Residential Re 2009, closed last week after further upsizing to $250mn.
  • Absent a major loss event, signs are pointing to a flat reinsurance renewal season in January 2010, broker Guy Carpenter's new vice chairman Richard Booth told a briefing during the Monte Carlo Rendez-Vous.