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NY contingents set for 2010 return
The New York State Insurance Department has begun formally implementing changes to insurance regulation that could reintroduce the contingent commissions lost in the Spitzer era by as early as mid-January 2010.
17 December 2009
Equitas has green light to pursue other LMX reinsurers
Randall & Quilter (R&Q)'s confidential LMX commutation with Equitas may be welcomed by the firm's investors, but will do little to cheer other (re)insurers that were also delaying settlement with the Berkshire Hathaway-owned Lloyd's run-off vehicle.
17 December 2009
LMX settlement ‘positive’ for R&Q
Despite dragging Randall & Quilter (R&Q) to a full-year loss, today's settlement with Berkshire Hathaway's Equitas is a "positive" for the UK company, according to Numis Securities.
17 December 2009
AIG’s Chartis slated to spend more at 1/1
The overall reinsurance spend from AIG's global P&C operations - currently rebranding as Chartis - is expected to be higher year on year at the 1/1 renewal, sources have suggested to The Insurance Insider.
17 December 2009
Novae restructuring triggers rating agencies downgrade
Novae has taken a double ratings blow following its reassessment of return on capital targets, with both AM Best and Fitch offering cautious downgrade assessments.
10 December 2009
Global insurance index formed by World Bank
A Global Index Insurance Facility (GIIF) to enable clearly defined natural catastrophe/weather related insurance cover to the developing world has been launched by units of the World Bank.
10 December 2009
NY contingents could make return next month
The New York State Insurance Department has begun the process of formally implementing changes to insurance regulation that could see a reintroduction of the contingent commissions lost in the Spitzer era by as early as mid-January 2010.
10 December 2009
Briefings
The Insurance Insider's monthly column keeping check on legislative and regulatory developments.
09 December 2009
International digest
AIG rallies after slashing federal debt; Microinsurance hits Copenhagen spotlight; Partner takes Paris; Munich Re in Ergo buy-out; AM Best warns Kingsway
09 December 2009
London digest
$25bn Lloyd's US guardian comes to London; Lloyd's considers strategic growth plan; Ward calls on London to rally for Lloyd's Exchange; Talbot lifts Swiss Re construction crew
09 December 2009
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