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AM Best final agency to turn negative on reinsurance
Ratings agency AM Best has revised its outlook for the reinsurance sector to negative due to tough market conditions, the firm announced today (19 August).
19 August 2014
Lack of support delays smaller UK solicitors’ PI limits
Plans to reduce the minimum level of mandatory professional indemnity insurance (PI) for UK lawyers have been postponed after failing to gain approval, the Solicitors Regulation Authority (SRA) announced today (19 August)
19 August 2014
Towers Watson appoints Eric Speer as insurance head
Professional services company Towers Watson has appointed Eric Speer as global risk consulting and software leader, effective from 1 September.
19 August 2014
Swiss Re’s Aurora courted by Fosun
Chinese conglomerate Fosun is reportedly looking to acquire Swiss Re's US closed life business, according to reports
19 August 2014
Australian liability rates shrank by up to 50% in H1: Marsh
Price reductions of as much as 50 percent hit the Australian general liability insurance business in the first half of 2014, according to Marsh
19 August 2014
Talanx subsidiary opens Brazilian unit
German insurance group Talanx has expanded its Latin American presence by opening a Brazilian office through subsidiary HDI-Gerling
19 August 2014
IAG posts strong annual results
Insurance Australia Group (IAG) has reported profits of A$1.6bn for the full year to 30 June, beating last year's result by 10.6 percent.
19 August 2014
Beazley expands M&A transaction liability team
Lloyd's carrier Beazley has hired Benjamin Welch in a bid to expand its M&A transaction liability business in the US, the company announced yesterday (18 August).
19 August 2014
QBE to raise more than $1.25bn on equity markets
Australian carrier QBE has announced plans to raise $750mn through a placement and share purchase plan, and another $500mn through partially floating its mortgage arm
19 August 2014
AA: UK motor pricing falls at record annual rate in Q2
Annual comprehensive UK car insurance premiums fell by 6.1 percent in the three months to 30 June, although there are signs of the trend reversing, according to UK motorists' organisation and insurance intermediary the AA.
18 August 2014
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