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Aon unveils global restructuring; UK head relocates to Bermuda
Aon Corp has initiated a significant restructuring of its senior international management designed to enhance its client functions and global placement capabilities.
23 January 2007
Marsh receives China license
Marsh Inc has been awarded China’s first Wholly-Owned Foreign Enterprise (WOFE) insurance broking license, it announced yesterday (22 January).
23 January 2007
R&SA welcomes GM asbestos ruling
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.
23 January 2007
Florida takes $4bn out of reinsurance market on hurricane gamble
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
23 January 2007
Florida set to take insurance gamble
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.
23 January 2007
Goodman departs Cooper Gay
London-based reinsurance broker Cooper Gay has announced that Jeremy Goodman, the managing director of its US-based Cooper Gay Steele reinsurance broking operation, will leave the company for personal reasons.
22 January 2007
Tiner steps down from FSA
The CEO of the UK regulator, the Financial Services Authority (FSA), announced he would be stepping down in July this year in an unexpected announcement on 16 January.
22 January 2007
AIR estimates $5-10bn in European storm losses
Catastrophe risk modelling firm AIR Worldwide has estimated insured losses from windstorm Kyrill will be $5.2-10.4bn.
22 January 2007
US cat losses down to $9bn last year
Insured US catastrophe losses were down to $9bn last year, according to figures published by ISO’s Property Claim Services (PCS) on 16 January.
22 January 2007
Hannover Re boosts 'K5' sidecar
Hannover Re has re-visited the capital markets in order to boost its Kaith Re "K5" securitisation to $520mn and expand its underwriting capacity.
22 January 2007
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