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Risk management

  • 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.

  • The future for contingent commissions 22 February 2010

    With Aon, Marsh and Willis now able to accept contingent commissions again, the market is abuzz with questions about which of them will accept the controversial payments, how much business this could bring and what buyers’ reaction will be.

  • Bermuda moves towards regulatory equivalence 19 February 2010

    Bermuda’s regulator is making strides towards its goal of achieving regulatory equivalence. It also revealed that the island’s insurance market’s assets grew by 7% last year.

Capital market solutions (ILS)

Reinsurance

  • Everest Re estimates Chile, Xynthia loss 11 March 2010

    Everest Re has estimated its preliminary loss owing to the earthquake in Chile at about $225m.

  • PartnerRe unit sells $500m debt 11 March 2010

    A unit of PartnerRe has raised $500m through a 10-year note sale. PartnerRe Finance has issued the senior notes, maturing June 1, 2020.

  • Moody’s comments on Xynthia’s France impact 10 March 2010

    Windstorm Xynthia, which caused serious damage in Western Europe at the end of February, will present a substantial, though manageable, cost for the French insurance industry according to Moody's Investors Service.

  • Munich Re reports Eu2.56bn profit in 2009 10 March 2010

    Munich Re has reported a profit of Eu2.56bn ($3.5bn) in 2009 compared with Eu1.58bn in 2008. Gross premiums written rose by 9.5% to Eu41.4bn, from Eu37.8bn in 2008.

Poll

Do you believe efforts to set up a New York Insurance Exchange by the state's insurance department will succeed?

Yes, and it is a good idea
33%
Yes, but it is a bad idea
3%
No, but it is a good idea
43%
No, and it is a bad idea
17%
Not sure
3%