Reactions - Global Insurance

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London Market Award photos now online! 06 July 2010

Photos from the Reactions London Market Awards Dinner 2010, which took place at the Grange City Hotel on June 30, are now available for free download.
London Awards 2010 winners revealed 01 July 2010

The winners of the Reactions London Market Awards 2010 were announced on June 30 at a gala dinner at the Grange City Hotel. The awards – sponsored by Guy Carpenter and RSA – recognise the best insurance, reinsurance and broking teams in the London insurance market, as well as service providers and individual awards.
Global life insurance premium in 2009 30 June 2010

In $ Source: Swiss Re
FEATURE: Life reinsurers' low cession rates 18 June 2010

Life reinsurers could benefit from the weakened balance sheets of direct insurers. But cession rates have plummeted in recent years.

European insurers' outlook still negative 01 September 2010

European insurers' first half reporting data, which represented a continuation of sales and profitability levels witnessed during 2009, combined with the challenges faced by these insurers for the remainder of 2010, reinforce the negative outlook on the wider European insurance industry, according to Moody's Investors Service.
AM Best affirms Chaucer syndicate ratings 31 August 2010

AM Best has affirmed the Best’s Syndicate Rating of A (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1084 and affirmed the ICR of “bbb” of Chaucer Holdings in the UK.
AM Best revises Ameriprise ratings 31 August 2010

AM Best has raised the issuer credit ratings (ICRs) to “a+” from “a” and has also provided the financial strength rating (FSR) of “A” to Ameriprise P&C Companies and its members.
AM Best downgrades Glacier Re 27 August 2010

Rating agency AM Best has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and the issuer credit rating to “bbb+” from “a-” of Glacier Reinsurance, placing both ratings under review with negative implications.

London Awards 2010 winners revealed 01 July 2010

The winners of the Reactions London Market Awards 2010 were announced on June 30 at a gala dinner at the Grange City Hotel. The awards – sponsored by Guy Carpenter and RSA – recognise the best insurance, reinsurance and broking teams in the London insurance market, as well as service providers and individual awards.
US P/C rates decrease 3% in May: MarketScout 04 June 2010

The composite rate results for property and casualty business in the US decreased -3% in May, a moderation from the March and April rate of -4%, according to MarketScout.

Manulife to issue $9.4bn securities 31 August 2010

Canada-based Manulife Financial is offering a mixed shelf of up to $9.4bn of securities in Canada and the US, Reuters reports.
Brazil health insurer to raise $514m in bond sale 30 August 2010

Amil Participacoes, a Brazilian health insurance provider, is planning to raise $513.8m in a bond sale, Bloomberg reports
RBS mulls options for insurance business 30 August 2010

Royal Bank of Scotland (RBS) is lining up advisers to review options for its insurance business, including a sale, The Telegraph reports.
AIG scraps strategic stake plan for AIA 27 August 2010

American International Group has scrapped plans to sell a strategic stake in its Asian life insurance business ahead of an initial public offering on the Hong Kong stock exchange, AIA, reports Reuters.

Brown & Brown acquires advocacy services 01 September 2010

US broker Brown & Brown has acquired all the assets of Crowe Paradis and two related entities.
Gallagher acquires employee benefits broker 01 September 2010

Arthur J Gallagher & Co, the international insurance brokerage and risk management services firm, has acquired Old Greenwich Consulting Group located in New York.
Manulife, Ace eye NY Life Asian assets 27 August 2010

Manulife Financial and Switzerland’s Ace are among potential buyers for New York Life Insurance’s Asian assets, Reuters reports.
MetLife, Alico deal gets EU nod 25 August 2010

European Union regulators have approved MetLife’s $15.5bn acquisition of American Life Insurance (Alico) and Delaware American Life Insurance.

Convergence Quarterly: Q2 ILS activity 27 August 2010

The insurance-linked securities market had an impressive second quarter. It was so good some believe full year cat bond issuance could now beat last year’s total.
Swiss asset manager unveils cat bond index 25 August 2010

Swiss asset manager, Alternative Beta Partners, has unveiled a securities cat bond index, Reuters reports.
ILS market thrives, provides 13% return: Aon 23 August 2010

Despite a challenging capital markets environment, ILS continue to provide value to sponsors and investors, according to Aon Benfield Securities, the investment banking division of Aon Benfield.
Aon Benfield launches ILS indices 18 August 2010

Aon Benfield Securities has announced the launch of the Aon Benfield ILS Indices, which provide a quantitative view of monthly ILS returns since December 2000.

Ace to join S&P 500 08 July 2010

Standard & Poor’s has announced it will add the property/casualty insurer to its S&P 500 stock index after close of trading on July 14, reports Reuters.