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  • A return to hard market conditions will require $74bn of excess capacity to be taken out of the US property and casualty market, according to global insurance data and analytics provider Advisen.
  • The new rules on the capital charges held against investment risk under the QIS5 version of Solvency II will have a radical impact on (re)insurers' investment portfolios, according to studies
  • London-based wholesale (re)insurance broker Cooper Gay's plans to convert its European trading team into a single entity will see the firm's bonuses and incentives pooled as if they operated a single profit and loss account, according to sister title Inside FAC.
  • Ryan Specialty Group has launched a managing general underwriter (MGU) for US excess casualty business - its second MGU launch in the last fortnight, and has announced another acquisition in the excess and surplus lines broking space.
  • AJ Gallagher achieved a 9.5 percent increase in its 2010 earnings to $135.5mn despite its brokerage segment suffering a 1.7 percent decline in organic revenues over the year.
  • Aon Corp threw down a gauntlet to its rivals MMC and Willis with a solid fourth quarter in broking revenues and margins enabling it to pip the analysts' consensus on forecast earnings.
  • With Aon already reporting solid numbers for Q4 2010, the attention will now turn to rivals MMC and Willis - with the latter due to report this Wednesday (9 February).
  • Australian insurer QBE has continued to build out its US platform with a deal for the distribution rights and portfolio of force-placed specialist Balboa, which takes its annual premium base in the US to an estimated $6.6bn.
  • Towergate Partnership's £520mn bond issuance was oversubscribed by between five and six times, The Insurance Insider understands.
  • BlackRock, one of the five biggest holders of London-listed insurance equities, has slashed its stake in Omega Insurance by more than half.