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Aon makes $58mn down payment to Man United
It emerged last week that Aon has already paid £36mn ($58mn) to Manchester United as part of the four-year sponsorship deal that begins later this year.
19 January 2010
Zurich the latest firm to reorganise EU businesses
Zurich Financial Services Group has overhauled the structure of its European operations by converting most of its national subsidiaries to local branches of its main EU business, Zurich Insurance plc (ZIP).
19 January 2010
XL the latest (re)insurer drawn to the Emerald Isle
Ireland's low tax environment, business friendly regulation and European Union status is continuing to attract redomiciling (re)insurance businesses, not least from offshore jurisdictions such as Bermuda and the Cayman Islands.
19 January 2010
Moody’s: Reinsurers weaker than capital ratios suggest
Despite historically high capitalisation levels and strong 2009 earnings, the reinsurance industry may be storing up problems for the future, according to a gloomy forecast from Moody's last week.
19 January 2010
Margin squeeze for reinsurers in 2010
Reinsurers' margins are likely to come under increasing pressure in the next 12 months, rating agency Moody's predicted last week.
19 January 2010
Lloyd’s faces US pressure over Iran in H1
Lloyd's of London will come under pressure from the US government in the first half of 2010 to stop insuring Iranian oil imports, according to an expert on the region.
19 January 2010
Lloyd’s insurers inconsistent on executive bonuses
There is no consistency of approach from listed London market firms on determining bonus pools, research from Collins Stewart has revealed.
19 January 2010
Glencairn CEO resigns
Nick Cook, CEO of Willis subsidiary Glencairn, has resigned from the London market broker, The Insurance Insider revealed last week.
19 January 2010
Lloyd's reserve releases bonanza to end
The historically high level of reserve releases that have been boosting insurers' profit margins since 2003 are set to come to an end, according to research carried out by Deloitte.
19 January 2010
UK rates showing signs of hardening
Sluggish UK commercial rates are finally hardening, according to quoted Lloyd's (re)insurers Amlin and Brit Insurance.
19 January 2010
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