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EC hints at end to contingent commissions
The European Commission (EC) may call for an end to the practice of contingent commissions in its long-awaited final report into business insurance.
01 October 2007
State Farm hit by $2.5mn in damages from Katrina case
US insurer State Farm Fire & Casualty Co has been ordered to pay $2.5mn in punitive damages to a couple in Mississippi by a jury.
15 January 2007
Hannover Re will sell Clarendon at the right price
German reinsurer Hannover Re will listen to offers for its run-off programme business Clarendon following the sale last month of its US subsidiary Praetorian Financial Group to Australia’s QBE Insurance Group Ltd.
12 January 2007
Fosh says Novae has reinvented itself since 2002 nadir
Novae Group is no longer the long-tail, liability-oriented business of the past and from 2011 will finally succeed in shaking its "long-term return on equity problem", CEO Matthew Fosh believes.
16 March 2010
Amlin CEO Philipps defiant in face of record losses
Amlin CEO Charles Philipps has insisted that nothing has "gone materially wrong" in the firm's business, attributing first-half losses of £192mn to the vicissitudes of the sector.
22 August 2011
AIR increases Klaus estimate
Catastrophe modeling firm AIR Worldwide has increased its French insured loss estimates for winter storm Klaus to between EUR500mn-EUR1bn.
23 February 2009
FSA shows ‘good faith’ on contract certainty goal
UK regulator the Financial Services Authority (FSA) has recognised progress in pursuit of contract certainty by putting on hold work to develop rules it threatened to impose if the London market failed to meet the deadline set for the end of the 2006.
20 March 2006
Kroes asks industry to justify co-insurance practices
The European Commission's (EC) long-awaited final report into business insurance has told the industry to justify or reform its co-insurance practices.
25 September 2007
AIG P&C profits up on lower cats and reserve charges
An improved showing from American International Group's (AIG) P&C division helped the US insurance giant generate third quarter operating profits that were just ahead of Wall Street expectations.
01 November 2013
RSA UK CEO to step down
RSA's UK chief executive Bridget McIntyre is stepping down, to be replaced by current chief operating officer Adrian Brown.
02 September 2008
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