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Capital benefits for effective ERM, say rating agencies
Alongside diversification, the leading rating agencies were intent on raising the profile of Enterprise Risk Management (ERM) for (re)insurers at the 2006 Monte Carlo Rendez-Vous last week.
18 September 2006
Diversification concern as industry refocuses on cycle management
With the 2006 Monte Carlo Rendez-Vous offering relatively benign conditions for networking and negotiations after the travails of 2004 and 2005, discourse last week focussed on the underlying issues facing the industry in a two-paced market.
18 September 2006
Hastings-Bass departs JLT
UK-listed broker Jardine Lloyd Thompson Group plc (JLT) has parted company with John Hastings-Bass, the chairman of its international retail broking operations.
18 September 2006
HSBC sets up US MGA
HSBC Insurance Brokers announced last week that it has set up a new US wholesale broker and managing general agency, which will trade as Intermediary Solutions, in New York.
18 September 2006
RFIB expands international business
Lloyd’s broker RFIB Group announced two new appointments on 11 September as it continues to expand its non-marine division internationally.
18 September 2006
Second Katrina ruling goes insurers’ way
US insurers have received a second boost from the courts as they battle the “wind versus water” claims related to Hurricane Katrina.
18 September 2006
PSA restrictions eased at Aon
Aon Corp became the last of the big three brokers to announce that US insurance regulators have eased restrictions on them charging contingent commissions, or Placement Service Agreements (PSAs) on 8 September.
18 September 2006
Oxygen launches reinsurance arm
London-based broking proposition Oxygen Holdings plc launched its reinsurance arm, Oxygen Re, last week. Oxygen Re will cater for all types of non-marine, marine and aviation treaty reinsurance and retrocession covers on a
18 September 2006
Swiss Re considers £600mn Gherkin sale
Giant reinsurer Swiss Re revealed last Friday (15 September) that it is looking for potential buyers for its iconic London office building the Swiss Re Tower - better known as the Gherkin.
18 September 2006
RSA makes Norwegian acquisition
UK general insurer Royal & SunAlliance (RSA) announced that its Danish subsidiary Codan acquired two Norwegian insurers on 12 September.
18 September 2006
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