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Bill reform could cause broker/insurer E&O conflicts to spike
The Insurance Contracts Bill could spark an increase in errors and omissions (E&O) conflicts between insurers and brokers, according to law firm CMS Cameron McKenna.
23 July 2014
ABIR members generate over 15% of Bermudian GDP
Trade body the Association of Bermuda Insurers and Reinsurers (ABIR) has revealed that its members directly contributed $886.6mn to the Bermuda economy in 2013 - an increase of nearly 8 percent over 2012
23 July 2014
AJG buys Baker Tilly’s employee benefits business
Acquisitive broker Arthur J Gallagher has agreed a deal to buy the employee benefits solutions business of UK financial services firm Baker Tilly on undisclosed terms
23 July 2014
Travelers loses $500mn asbestos claim case
Travelers must pay over $500mn to victims of asbestos-related diseases after losing a US federal appeals court hearing to consider a settlement first approved by a judge in 2004, according to reports
23 July 2014
Platinum: Cat prices could fall further
Platinum Underwriters CEO Michael Price said on the company's second quarter earnings call that there is still room for property cat pricing to fall, although not by the double-digit reductions that have been observed this year
23 July 2014
Ace beats on earnings as P&C top line growth continues
Ace Limited generated second quarter operating profits of $825mn or $2.42 a share, up from $790mn or $2.29 a share in the prior-year period and ahead of Wall Street analysts' consensus forecasts of $2.22 a share
23 July 2014
Travelers shares down 4% on earnings miss and dimmed outlook
Shares in Travelers closed down almost 4 percent today (22 July) as investors punished the US insurance giant for missing earnings forecasts on Q2 catastrophe losses and industry analysts warned of dimming prospects for margin and multiple expansion.
23 July 2014
Travelers shares down 4% on earnings miss and dimmed outlook
Shares in Travelers closed down almost 4 percent today as investors punished the US insurance giant for missing earnings forecasts on Q2 catastrophe losses and industry analysts warned of dimming prospects for margin and multiple expansion.
23 July 2014
Gen Re announces senior Asia Pacific hires
Berkshire Hathaway subsidiary Gen Re yesterday (21 July) announced several senior hires in its Asia Pacific team, including the appointment of Pietro Toffanello as P&C regional manager for the region.
22 July 2014
Cooper Gay confirms US healthcare MGA launch
International broking group Cooper Gay Swett & Crawford (CGSC) has announced the launch of a North American healthcare managing general agency (MGA), confirming the news revealed by The Insurance Insider in December last year
22 July 2014
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