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UK solicitor body orders PI insurance investigation
The UK Solicitors Regulation Authority (SRA) has ordered an audit of insurers providing professional indemnity (PI) cover to the industry amid growing concern over the misreporting of income on compulsory cover, The Insurance Insider can reveal.
22 November 2010
Willis North America CEO Bailey heads to Allstate
Willis North America chairman and CEO Don Bailey has resigned and will join personal lines giant Allstate, The Insurance Insider can reveal.
22 November 2010
Few Bangkok riot claims paid six months after violence
Six months after the Bangkok riots only a handful of claims have been paid despite initial loss estimates for the London market ranging from $500mn to $1bn, The Insurance Insider has learned.
22 November 2010
All eyes on Irish bailout for answers to tax question
The international (re)insurance community will be looking anxiously at the final terms negotiated this week for the European Union's bailout of the Irish government for any sign of movement on the country's favourable corporate tax rates and rules.
22 November 2010
US P&C underwriting losses narrow
Underwriting losses in the US property and casualty (P&C) industry narrowed in the third quarter of 2010 compared to the prior-year period, with premium volume showing a surprise increase.
22 November 2010
Ariel attracts Japanese interest
A year on from fruitless M&A talks with Aspen, Ariel Re is again attracting potential suitors, this time from Japan, The Insurance Insider understands.
22 November 2010
UK solicitors’ regulator orders PI insurance probe
The UK Solicitors Regulation Authority (SRA) has ordered an audit of insurers providing professional indemnity (PI) cover to the industry amid growing concern over the misreporting of income on compulsory cover, The Insurance Insider can reveal.
22 November 2010
Ace returns to share buybacks as Greenberg lifts objection
Ace CEO Evan Greenberg has set aside his long-term opposition to share buybacks by securing approval for a $600mn programme.
22 November 2010
AM Best projects 15-20% Middle East GWP growth
The Middle East is back on track for insurance growth after a slight stumble in the Qatari and United Arab Emirates (UAE) markets last year as construction in Dubai stalled.
19 November 2010
Zurich upgraded to A+
Zurich Financial Services has been upgraded by AM Best to reflect the global composite insurer's improved capitalisation.
19 November 2010
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