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  • Willis Group is still expected to make a decision about the succession to its larger-than-life chairman and CEO Joe Plumeri this autumn, according to a number of sources close to the firm
  • The "conventional wisdom" that the best growth opportunities for the reinsurance market lie in emerging economies is flawed, according to Transatlantic Re CEO Mike Sapnar.
  • Willis Re CEO John Cavanagh has argued that if Lloyd's is to distinguish itself it must be an "entrepreneurial hotbed", with more dedicated underwriting platforms and a greater number of small start-ups from dynamic young underwriters.
  • It was a quieter Monte Carlo than usual, in part because of the fireworks at The Insurance Insider's 2011 MC Roundtable. But this just demonstrates how robust the industry's balance sheets are
  • Reinsurers were publicly talking a good game about rate prospects while brokers were being unnaturally circumspect. But in private discussions it appears likely that rate increases for short-tail lines in 2013 will be as rare as a friendly Monaco taxi driver...
  • Life reinsurance poses a great opportunity for the global reinsurance market to generate premium growth, Aon Benfield said at a press briefing held yesterday in Monte Carlo.
  • The US Treasury Department has launched an offering for $18bn of the common stock it holds in American International Group (AIG), reducing its stake to a minority level
  • Marsh has appointed Richard Higgins to the newly-created role of Global Upstream and Midstream Leader, reporting to Andrew George, chairman of Marsh's Global Energy Practice.
  • Hannover Re says it is confident treaty reinsurance prices will continue to rise in the 1 January 2013 renewals as it also heralded the first positive signs of an improved casualty pricing climate at its press conference held at the Monte Carlo Rendez-Vous this morning.
  • The reserves releases that have sustained US P&C insurer results in recent years may not dry up until 2014, Guy Carpenter predicted in a report on key risks to the industry released this morning at the Monte Carlo Rendez-Vous.