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Bolt softens stance on broker profit commission rules
Lloyd's has softened its broker remuneration rules and said managing agents can pay profit commission (PC) to a broker if they use the new terms of business agreement (Toba) and comply with other standards
04 April 2012
Lloyd’s insurer fails new Solvency II traffic lights
52 managing agents pass new three-light test, but one gets red light. Who is it?
04 April 2012
Repwest proves Arizona jurisdiction in QBE case
An Arizona court has further complicated a knotty commutation case brought by US insurer Repwest against QBE and its predecessor Praetorian Insurance, as well as broker Aon Benfield
04 April 2012
Run-off insurers stuck with asbestos liabilities
A UK Supreme Court ruling opens the floodgates for thousands of asbestos-related claims on employers' liability policies, in a move welcomed by the live UK insurance market
04 April 2012
Omega settles with ex-CEO after $5mn claim
Ex-Omega CEO settles $5mn compensation suit out of court
04 April 2012
Convergence market attracts new capital
New capital continues to be drawn to the insurance industry as the rating environment improves, but it is seeking different entrances to the market as the start-up model falls out of favour, says Willis Re's "1st View" report
04 April 2012
Bumper cat bond market nears $2bn in 2012 sales
Cat bond issuance neared $2bn at the start of the second quarter, well ahead of the $1.2bn it had reached by the same time last year, as a competitive supply of new capital drives pricing down
04 April 2012
BlackRock to launch Swiss Re QS retro vehicle
Asset manager BlackRock ventures into the direct insurance arena with $300mn vehicle. The Insurance Insider compares options available to new capital
04 April 2012
(Re)insurers take stock of equities rally
The Insurance Insider's new regular feature on asset management in the P&C (re)insurance sector
04 April 2012
Japanese reinsurance renewals ‘quite smooth’
Despite last year's heavy cat losses and the subsequent spike in prices, brokers found enough capacity to get the Japanese 1 April renewals done and belie early concerns that they might run into trouble
04 April 2012
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