Industry News
Headlines
Global Reinsurance - 9 March 2010 - Marsh to sell Kroll division
Marsh & McLennan has put Kroll, its corporate investigations division, up for sale for about $1.3bn (£864m), the FT reports.
Insurance Day - 9 March 2010 - ABI applauds HM Treasury’s plans
THE ASSOCIATION of British Insurers (ABI) has welcomed HM Treasury’s announcement it will be reviewing the taxation of foreign branches in next year’s Finance Bill.
Stephen Timms, financial secretary to the Treasury, told the Institute of Chartered Accountants of England and Wales (ICAEW) the...
Business Insurance - 9 March 2010 - RIMS chooses Los Angeles for 2013 conference
NEW YORK—The Risk & Insurance Management Society Inc. said Monday that its 2013 conference and exhibition will be held at the Los Angeles Convention Center.
AIG
Business Insurance - 9 March 2010 - AIG puts remaining Transatlantic shares on the block
NEW YORK—American International Group Inc. on Monday began the sale of its remaining 9.2 million common shares of Transatlantic Holdings Inc.'s in a secondary offering.
Insurance Day - 9 March 2010 - AIG agrees to sell Alico to MetLife in $15.5bn deal
AIG’s attempt to pay back its sizeable government loan has taken another step forward after the group agreed to sell its foreign life insurance unit to MetLife for about $15.5bn.
After months of speculation, New York-based MetLife has confirmed it will pay...
Europe
Dow Jones Natural Disasters and Weather - 9 March 2010 - EU Offers 'Solidarity As Necessary' To Earthquake-hit Turkey
BRUSSELS (AFP)--The European Union on Monday tentatively offered to help would-be member Turkey "as necessary," following an earthquake that killed 57 people at the latest count.
Financial
DJ Insurance News - 9 March 2010 - Short Selling In Prudential Shares Leapt After AIA News -Data
By Margot Patrick Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- Short selling in Prudential PLC (PRU.LN) shares has leapt since the U.K. insurer a week ago announced its pl...
Global Reinsurnce - 9 March 2010 - Chaucer back in profit
Chaucer announced profit before tax and foreign exchange on non-monetary items of £75.3m after making a loss last year of £59.5m. Its pre-tax profit was up too, to £42.0m from a loss of £26.2m. Gross written premiums were up 15.3% to £795.6m (£689.9m), up 5.4% on a constant currency basis.
Healthcare
Business Insurance - 9 March 2010 - Obama targets health insurers, sells reform plan
WASHINGTON (Reuters)—President Barack Obama on Monday intensified his attacks on health insurers, and administration officials asked the industry to justify premium increases as the battle to reform America's expensive health care system entered...
Litigation
DJ Insurance News - 9 March 2010 - Judge Orders Greenberg Deposition Wed On Gen Re Transactions
By Chad Bray Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- A state judge on Monday ordered former American International Group (AIG) Chief Executive Maurice R. "Hank" Gre...
Marine
BOW WAVE 537 - 9 March 2010 - Bow Wave Issue 537
This week's marine e-zine Bow Wave in today's news
News in Brief
Raymond James - 9 March 2010 - Latest From Raymond James Premium Line
Raymond James Latest
World Economy
Insurance Day - 9 March 2010 - World Loss Log
Property and business interruption
Feb 8, strike
Kenya: workers at tea warehouses in and around the Kenyan port city Mombasa staged a five-day strike in a dispute over wages. The strike affected shipments and destabilised prices. The strike started after some workers were...
And Finally
Lloyd's News and Features - 9 March 2010 - Reputation on the line
Digital media, 24-hour news and the growth of social networking are driving organisations to change the way they map and react to reputational risk. That was the message from speakers at an Editorial ...
Property and Casualty
Business Insurance - 9 March 2010 - Property/casualty rates fall in February: MarketScout
U.S. commercial property/casualty insurance rates declined 5% in February compared with a year earlier, MarketScout said Monday.
Larger Text
Contact Us
Sitemap
