UK Government Announces Financial Regulatory Changes; ABI, Lloyd’s Comment February 18, 2011 The UK’s Conservative government recently announced the long awaited regulatory reform proposals for financial services, covering both banks and insurers....
Argo Group Q4 Net Income Drops to $12.8 Million, FY to $82.6 Million February 18, 2011 The Bermuda-based Argo Group International Holdings, Ltd. posted lower net income figures for the fourth quarter of 2010 and for...
Willis UK Broker Networks Add Six New Members February 18, 2011 Willis Group Holdings announced that six new members have joined Willis Networks, its alliance with local, independent insurance brokers in...
Mitsui Sumitomo at Lloyd’s Expands Team; Hires Five Execs February 18, 2011 Mitsui Sumitomo at Lloyd’s has made five appointments to its corporate, mid-market and regional distribution teams as the UK non-life...
Aon Report Concludes P&I Clubs See Improvements on All Fronts February 18, 2011 A report from Aon Risk Solutions, the global risk management business of Aon, concludes that Protection and Indemnity (P&I) Clubs...
Fairfax Financial Posts Q4 Loss on Investments February 18, 2011 Toronto-based Fairfax Financial Holdings said Thursday it fell to a fourth-quarter loss as its stock and bond portfolios were hurt...
AIG Taiwan Unit Sale Faces Union Hurdles February 18, 2011 By Faith Hung Bailed-out insurer AIG is facing fresh hurdles in its second attempt to sell its Nan Shan unit in Taiwan, with...
Shippers Say Somali Piracy Threat Worsening by the Week February 18, 2011 By Jonatahan Saul Somali piracy is worsening by the week and governments lack the political will to tackle the crisis, which is threatening...
Calif. Wants Insurance Companies to Invest in Communities February 18, 2011 California Insurance Commissioner Dave Jones is offering insurance companies $4.67 million in tax credits to invest in underserved communities. In...
Washington Refines Pay-As-You-Drive Legislation February 18, 2011 By Patricia-Anne Tom Washington’s Senate Committee on Financial Institutions, Housing & Insurance has refined a proposal to allow drivers’ insurance rates to be...