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Aon stirs up 3.5 percent London commission storm
Aon's attempts to impose a new 3.5 percent commission on London market placements are meeting fierce resistance from insurers, The Insurance Insider understands.
21 January 2011
Miller PI team defects to rival BMS
A trio of senior professional liability executives have left London market broker Miller to launch a new financial lines division at rival BMS, The Insurance Insider can reveal.
21 January 2011
Greenberg set to go on trial in May
Former American International Group (AIG) chief Hank Greenberg is set to go on trial on 2 May in a New York state lawsuit alleging he used bogus transactions to disguise the insurer's financial state.
21 January 2011
Fitch upgrades RenRe to A+
Fitch has upgraded RenaissanceRe's insurer financial strength rating to A+ from A to reflect what is said was the company's strong cross-cycle underwriting profit.
21 January 2011
Ryan Specialty launches construction MGU
Ryan Specialty Group has continued to build out its operations with the launch of a managing general underwriter for complex construction and property risks, Technical Risk Underwriters (TRU).
20 January 2011
M&A-related actions drive securities lawsuits to new high in 2010
Securities lawsuit filings hit a new record in 2010, despite a significant drop-off in the number of new suits related to the credit crisis.
20 January 2011
Aviation sector makes a loss once again
Aviation insurers fell to a loss in 2010 as claims again broke through the $2bn barrier
20 January 2011
Metro crash authority sues Aon for negligence
The public authority that runs the Washington DC metro has sued Aon for negligence following a dispute spawned by a train crash in June 2009 that killed nine people and seriously injured a number of others
20 January 2011
RSA blames UK bad weather for profits warning
UK and international P&C insurer RSA has issued a profits warning ahead of its full-year results, as exceptionally cold UK weather in November and December added £110mn in unbudgeted additional claims costs
20 January 2011
Towers Watson UK broking arm posts ample profits
The UK reinsurance broking arm of New York-listed consultancy giant Towers Watson has filed 18-month accounts showing that it booked pre-tax profits of £15.8mn on revenues of just £57.9mn
20 January 2011
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