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Xchanging wins 12-year Marsh contract
UK outsourcing firm Xchanging has won a 12-year contract with broking giant Marsh to provide Brokasure as its core broking software.
06 December 2012
Reinsurers must adapt to third party capital management
Reinsurers that fail to adopt the evolving model of third party capital management risk being disintermediated, according to Willis Capital Markets CEO Tony Ursano
06 December 2012
Hartford CEO says Sandy losses may climb to $350mn
The Hartford Financial Group CEO Liam McGee has said the firm's losses from Hurricane Sandy could reach $350mn, above which its reinsurance programme would cover 90 percent of any additional costs.
06 December 2012
IQ Winter 2012
Whilst we all hanker after simplicity and certainty in an increasingly complicated world, we all know that simple doesn’t always mean better.
Mark Geoghegan
,
06 December 2012
US P&C commercial rate rises pick up in November
Momentum on US P&C commercial insurance rates picked up in November after easing in October, according to the latest data from broker and underwriter MarketScout.
06 December 2012
UK to see 21% corporate tax by 2014
UK Chancellor of the Exchequer George Osborne has announced a further one percentage point reduction in the headline rate of corporation tax to 21 percent by April 2014.
06 December 2012
Record P&I pool losses push Skuld into the red
P&I insurer Skuld has posted a 103 percent combined ratio for Q3 after record high claims costs from the International Group of P&I clubs' (IG) pooling arrangement took their toll on an otherwise profitable book of business.
06 December 2012
Travelers’ net Sandy loss in fact c.$1bn
Travelers' pre-tax net loss from Hurricane Sandy is approximately $1bn, with pre-tax gross losses of $1.135bn.
06 December 2012
FM Global cat treaty hit, AIG runs clean
FM Global has told its reinsurers to expect a ground-up loss of $750mn-$850mn, making it the biggest treaty loss from Sandy so far, The Insurance Insider can reveal
05 December 2012
London legal veteran Payton to stand down in 2013
Clyde & Co senior partner and London market legal veteran Michael Payton will step down at the end of 2013, after heading up the law firm for almost 30 years
05 December 2012
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