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Editor’s remarks: Contingent commissions - A level playing field but an ugly game 09 March 2010

Marsh and Aon should be more vocal about whether they will accept contingent commissions now that their ban has been lifted.
Economic uncertainty strengthens fac offering 08 March 2010

Fac players are bullish about their business offering in the uncertain economic climate. But with fierce competition among brokers and softening rates there the picture is not as rosy as it may seem.
Marsh appoints GRM practice leader 08 March 2010

US insurance broker Marsh has announced the appointment of Jonathan Zaffino as US global risk management (GRM) casualty practice leader.
MMC looking to sell Kroll for $1.3bn: report 08 March 2010

Marsh & McLennan Companies (MMC) is looking to sell Kroll, its corporate investigations division, for about $1.3bn, reports the Financial Times.

AIG to pay out $46m in bonuses 15 March 2010

American International Group will offer about $46m in bonuses to the former employees of its derivatives trading unit.
Axa to appeal Air France compensation 15 March 2010

Axa, France’s largest insurer, said Friday that it will appeal a Brazilian court's ruling that it must pay $1.16m in compensation to the family of a victim of last year’s Air France disaster, Reuters reports.
Chile quake costliest to hit Latin America 15 March 2010

If the insured losses from the magnitude 8.8 earthquake that struck Chile last month come in at between $3bn and $5bn, it will be the most expensive insured event to ever hit Latin America, Cooper Gay has said.
Japan’s NKSJ eyes local, overseas takeovers 15 March 2010

Tokyo-based NKSJ Holdings is seeking to boost its profits through domestic and overseas acquisitions.

9/11 captive makes $657m settlement 12 March 2010

The WTC Captive Insurance Company has announced a settlement with attorneys for more than 10,000 plaintiffs claiming injuries related to the rescue, recovery and debris removal operations following the September 11 2001 terrorist attacks.
Insurance buyers worried about Solvency II 12 March 2010

The Federation of European Risk Management Associations (Ferma) has voiced concerns about the effect Solvency II and capital requirements put forward by the Committee of European Insurance and Occupational Pensions Supervisors will have.
Editor’s remarks: Contingent commissions - A level playing field but an ugly game 09 March 2010

Marsh and Aon should be more vocal about whether they will accept contingent commissions now that their ban has been lifted.
INTERVIEW: Pat Gallagher on contingents 03 March 2010

After the ban on contingent commissions was lifted for the world’s three biggest three brokers, Reactions spoke to Pat Gallagher, chairman, president and CEO of the fourth-largest US broker Arthur J Gallagher & Co to see what his opinion is on the controversial payments.

Swiss Re to issue first Perils-based cat bond 09 March 2010

Swiss Re is preparing a new catastrophe bond, which will be the first cat bond to use Perils AG as a benchmark for losses.
Convergence Quarterly: ILS outlook for 2010 12 February 2010

Fresh off the back of the busiest ever fourth quarter for cat bonds, insurance-linked securities activity is predicted to be high in 2010. Reactions' Convergence Quarterly section includes all the cat bond data from 2009.
Hartford’s Foundation III cat bond completed 29 January 2010

A catastrophe bond to provide The Hartford with protection against east and Gulf Coast US hurricanes has been completed.
Hannover Re increases K6 deal by $152m 27 January 2010

German reinsurer Hannover Re has securitised more natural catastrophe risk through its K6 transaction.

Chile quake costliest to hit Latin America 15 March 2010

If the insured losses from the magnitude 8.8 earthquake that struck Chile last month come in at between $3bn and $5bn, it will be the most expensive insured event to ever hit Latin America, Cooper Gay has said.
Max Capital estimates up to $20m Q1 cat loss 15 March 2010

Max Capital Group’s preliminary estimates of combined claims for the Chilean earthquake and the European winter storm Xynthia range from $10m to $20m, net of reinstatement provisions and retrocessions.
RenaissanceRe unit to sell $250m notes 15 March 2010

RenRe North America Holdings will issue $250m of senior notes in an underwritten public offering. The notes, maturing in 2020, will offer a coupon of 5.750% and are backed by parent, RenaissanceRe Holdings.
Swiss Re nominates SNB chairman to board 15 March 2010

Swiss Re has nominated Jean-Pierre Roth as non-executive member of the board of directors. Previously, he was working as chairman of the governing board of the Swiss National Bank (SNB).