Business Insurance - _Brokers & Insurers http://businessinsurance.com/section/news04 http://www.businessinsurance.com en-us Fri, 28 Nov 2014 06:03:01 EST 10 U.K. regulators approve Africa-focused reinsurer One Re http://businessinsurance.com/article/20141126/NEWS04/141129889 20141126/NEWS04/141129889 One Re Ltd., a nonlife Africa-focused reinsurer has been approved by U.K. regulators to do business in the United Kingdom, the company said Wednesday. Wed, 26 Nov 2014 11:45:03 EST U.S. Fed plans enhanced capital standards for GE unit http://businessinsurance.com/article/20141126/NEWS04/141129894 20141126/NEWS04/141129894 (Reuters) — The U.S. Federal Reserve on Tuesday proposed to impose tougher capital standards on General Electric's finance unit, one of a handful of non-bank firms deemed critically important to the health of the financial system. Wed, 26 Nov 2014 09:11:53 EST Austbrokers expands with New Zealand acquisitions http://businessinsurance.com/article/20141126/NEWS04/141129895 20141126/NEWS04/141129895 Australian brokerage network Austbrokers Holdings Ltd. acquired Auckland, New Zealand-based BrokerWeb Management Ltd., along with a 50% stake in BrokerWeb Risk Services Ltd., Austbrokers announced Tuesday. Wed, 26 Nov 2014 09:00:14 EST Best puts RenaissanceRe on negative review pending Platinum deal http://businessinsurance.com/article/20141125/NEWS04/141129909 20141125/NEWS04/141129909 Financial ratings agency A.M. Best Co. Inc. has placed certain units of RenaissanceRe Holdings Ltd. under review with negative implications in the wake of its $1.9 billion offer to buy Platinum Underwriters Bermuda Ltd. Tue, 25 Nov 2014 14:31:31 EST Cooper Gay launches Latin American energy practice http://businessinsurance.com/article/20141125/NEWS04/141129913 20141125/NEWS04/141129913 Cooper Gay Miami, the Latin American headquarters of London-based reinsurance broker Cooper Gay Swett & Crawford Ltd. Tue, 25 Nov 2014 11:10:54 EST Property catastrophe insurance rates to drop at Jan. 1 renewals: Swiss Re http://businessinsurance.com/article/20141125/NEWS04/141129915 20141125/NEWS04/141129915 LONDON — Property catastrophe reinsurance rates likely will continue to fall at the upcoming Jan. 1 renewals, but the rate of decrease at subsequent renewals is likely to slow, according to a report by Swiss Re Ltd. Tue, 25 Nov 2014 09:55:02 EST RenRe acquisition of Platinum may signal trend in soft reinsurance market http://businessinsurance.com/article/20141124/NEWS04/141129929 20141124/NEWS04/141129929 While RenaissanceRe Holdings Ltd.'s $1.9 billion purchase of fellow Bermuda reinsurer Platinum Underwriters Holdings Ltd. Mon, 24 Nov 2014 15:07:18 EST Massachusetts insurance commissioner to join med mal insurer http://businessinsurance.com/article/20141124/NEWS04/141129931 20141124/NEWS04/141129931 Massachusetts Insurance Commissioner Joseph Murphy plans to resign from his post to join the private sector in January. Mon, 24 Nov 2014 14:45:09 EST Winter storm insured losses could exceed $2.5B in 2014: III http://businessinsurance.com/article/20141124/NEWS04/141129933 20141124/NEWS04/141129933 Insured losses from winter storms could exceed $2.5 billion in 2014 as severe storms gripped much of the nation last week, the Insurance Information Institute Inc. said Monday. Mon, 24 Nov 2014 13:11:27 EST India moves closer to insurance market reforms http://businessinsurance.com/article/20141124/NEWS04/141129936 20141124/NEWS04/141129936 (Reuters) — India's main opposition Congress party signaled on Monday it could support government legislation to liberalize the insurance industry, a long-delayed reform expected to help improve investor confidence. Mon, 24 Nov 2014 09:58:15 EST