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‘Two cities’ Chubb mulls return to contingents
Chubb Corp is in discussions with the major brokers about formally returning to contingent commissions, even though it already offers similar arrangements to its producers.
23 July 2010
Mapfre H1 profits shrug off Chile hit
Spanish-headquartered Mapfre Group has posted a 6.3 percent gain in gross H1 pre-tax profits to EUR874.5mn, despite a EUR96.6mn Chile earthquake hit and Iberian Peninsula and US storms impacting the bottom line.
23 July 2010
H1 profits multiply at Beazley
Lloyd's (re)insurer Beazley saw first half pre-tax profits grow by $85.4mn to $115.5mn, boosted by foreign exchange movements and a growth in revenues.
23 July 2010
Reserve releases offset Q2 cat losses for Travelers
Higher than expected reserve releases and catastrophe losses offset one another at The Travelers Companies, as second quarter profits came in below analysts' forecasts.
22 July 2010
Excess capacity continues to drive down commercial lines rates: RIMS
The soft market conditions for US commercial insurance show no sign of abating as excess capacity continued to push down rates in Q2, according to the latest RIMS Benchmark Survey.
22 July 2010
Exclusive: Starr launches into space with $35mn line
CV Starr subsidiary Starr Aviation has entered the satellite insurance market following its acquisition of leading space underwriter International Aerospace Insurance Services (Inter-Aero), The Insurance Insider can reveal.
22 July 2010
Doubts surface over AIG’s $725mn Ohio settlement
AIG's $725mn Ohio pension funds settlement appeared to bring long-running securities litigation to a close. But closer scrutiny has raised doubts over its ability to fund its obligations.
22 July 2010
Willis rails against Aon over contingents return
Willis Group has launched a scathing attack on Aon Corporation after the world's largest insurance broker said it would once again take contingent commissions.
22 July 2010
Aon Hewitt deal unaffected by US consultancy purchase
Broking giant Aon says its $4.9bn bid for global consultancy firm Hewitt Associates will not be affected by Hewitt's announcement that it is buying investment consultancy, Chicago-based EnnisKnupp.
21 July 2010
Quinn UK solicitors’ PI appeal defeat ‘threatens market’
A landmark Court of Appeal judgment against the UK arm of Irish insurer Quinn has been branded "a threat to the smooth operation of the claims made market by law firm Reynolds Porter Chamberlain (RPC).
21 July 2010
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