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AJ Gallagher's organic growth declines
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.
01 November 2010
French ratings stable, says S&P
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).
08 November 2004
Ironshore chairman poised to head Northern Rock
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.
14 January 2008
Crisis response is more than just claims for (re)insurers
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).
17 October 2005
Brokers welcome TRIA extension
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.
31 December 2007
AIG looks for early Asian life IPO; downgraded by Fitch
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).
18 May 2009
RenRe wades in with strong results
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.
09 February 2004
Mainsail II rescue bid fails
An attempt by Barclays Capital to rescue ailing structured investment vehicle (SIV) Mainsail II failed last month.
09 November 2007
$250mn cat bond closes on eve of hurricane season
US military mutual insurer USAA's thirteenth consecutive cat bond, Residential Re 2009, closed last week after further upsizing to $250mn.
01 June 2009
Reinsurance rates set to remain flat: Guy Carpenter
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.
07 September 2009
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