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AIG restructures comp agreements as tensions simmer over Pru deal
American International Group (AIG) has revamped its compensation structure in an attempt to hold on to top talent, as it continues efforts to repay its government loan.
28 June 2010
CV Starr launches Lloyd's US construction consortium with Talbot and QBE
CV Starr has tied up with Talbot Underwriting Ltd and QBE to launch a $75mn consortium to write US construction risks at Lloyd's.
29 June 2009
Reserve releases dominate Montpelier Re’s 2010 underwriting income
Bermudian short-tail specialist Montpelier Re drew more than 97 percent of its 2010 underwriting income from reserve releases as claims came close to doubling
11 February 2011
Axa H1 profit drops 28% after UK life sale; confirms executive reshuffle
French insurance giant Axa saw net income for the first half of the year drop 28 percent to EUR944mn after sustaining a EUR1.48bn loss related to the sale of part of its UK life operations earlier in the year.
04 August 2010
IRS enforces tax on non-US (re)insurance purchases
Federal excise taxes (FET) imposed on insurance and reinsurance purchased from foreign insurers and reinsurers will be applied each time the risk is ceded, US tax authority the Internal Revenue Service (IRS) ruled last week.
10 March 2008
Aon revenues hit by strong dollar; stock slumps
The strong dollar has hit Aon's first quarter, with broking revenues down 1 percent at $1.55bn, despite strong growth in reinsurance income from its newly acquired Benfield Group.
01 May 2009
RBS goes it alone after marathon auction
UK state-controlled bank Royal Bank of Scotland (RBS) withdrew from talks with two private equity firms over the sale of its well-regarded insurance units last week, as first revealed by The Insurance Insider.
09 February 2009
International News Digest - June 2005
In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
21 June 2005
Willis posts strong Q4; unveils fresh cost review
Like its rival Aon Corp earlier this week Willis posted credible fourth quarter earnings, including impressive growth in the global business that encompasses its specialty, London wholesale, reinsurance and advisory operations
10 February 2011
Aon 77 goes to appeal
Litigants in Aon 77, the long running energy reinsurance dispute, have been granted leave to appeal, Insider Week understands.
20 June 2005
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