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  • Despite losses estimated as high as EUR8bn, Europe’s (re)insurers are unlikely to see any rating downgrades from the windstorm Kyrill, according to Fitch Ratings Agency.
  • Share prices of Bermudian and Lloyd’s (re)insurers fell following the passage of a bill on Monday (22 January) that will see significant state intervention in the Florida insurance market and take an estimated $4bn premium ou
  • UK insurer Royal & Sun Alliance Insurance Group plc (R&SA) has welcomed the ruling of a Michigan Circuit Court that General Motors (GM) is not entitled to coverage for its asbestos and environmental liabilities.
  • Aon Corp has initiated a significant restructuring of its senior international management designed to enhance its client functions and global placement capabilities.
  • Florida lawmakers yesterday (22 January) overwhelmingly passed a bill aimed at lowering the cost of property insurance that will see significant state intervention in the insurance market.
  • Marsh Inc has been awarded China’s first Wholly-Owned Foreign Enterprise (WOFE) insurance broking license, it announced yesterday (22 January).
  • UK insurer Royal & Sun Alliance Group plc's (R&SA) attempt to cut itself free from its US run-off business was heard at a public meeting last Friday (19 January).
  • Senior management at Windsor plc, the UK-quoted insurance broker, made public the terms of their £33.7mn acquisition proposal for the firm this morning (22 January).
  • A group of reinsurers which have been joined to Allianz over legal proceedings regarding a controversial North Korean claim have refused to acknowledge the lawsuit.
  • Nick Frankland, has been appointed as CEO of reinsurance broker Guy Carpenter’s UK operations following David Priebe’s return to the US as head of Global Specialty Group.