Business Insurance - _Brokers & Insurers http://businessinsurance.com/section/news04 http://www.businessinsurance.com en-us Wed, 27 Aug 2014 05:28:02 EST 10 U.S. loses bid to dismiss ex-AIG CEO's $25B lawsuit over bailout http://businessinsurance.com/article/20140826/NEWS04/140829898 20140826/NEWS04/140829898 (Reuters) — A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group, over the insurer's government... Tue, 26 Aug 2014 16:35:22 EST Global reinsurers' underwriting profits down in first half of 2014: Fitch http://businessinsurance.com/article/20140826/NEWS04/140829904 20140826/NEWS04/140829904 The underwriting profits posted by global reinsurers fell in the first half of 2014 compared with the first six months of 2013, although the sector remained profitable, according to a report published Tuesday by Fitch Ratings Inc. Tue, 26 Aug 2014 09:35:16 EST U.S. property/casualty reinsurer net premiums double in 2014 first half: RAA http://businessinsurance.com/article/20140825/NEWS04/140829917 20140825/NEWS04/140829917 A survey of 18 U.S. property/casualty reinsurers by the Reinsurance Association of America showed net written premiums among the group more than doubled to $28.4 billion. Mon, 25 Aug 2014 15:44:28 EST Insured losses from Napa earthquake could reach $1B: Eqecat http://businessinsurance.com/article/20140825/NEWS04/140829922 20140825/NEWS04/140829922 Sunday's magnitude-6.0 earthquake centered near Napa, California, may have caused between $500 million and $1 billion in insured losses, catastrophe modeling firm Eqecat Inc. said Monday. Mon, 25 Aug 2014 10:45:48 EST Allied World to buy RSA insurance operations in Hong Kong and Singapore http://businessinsurance.com/article/20140822/NEWS04/140829942 20140822/NEWS04/140829942 Allied World Assurance Co. Ltd. unit has reached agreements to acquire Royal & Sun Alliance Insurance P.L.C. Hong Kong and Singapore operations for about $215 million. Fri, 22 Aug 2014 10:29:53 EST Indonesia lawmakers seek to limit foreign ownership in insurers http://businessinsurance.com/article/20140822/NEWS04/140829944 20140822/NEWS04/140829944 (Reuters) — Indonesian lawmakers are looking into the possibility of reducing the stake foreign investors are allowed to hold in local insurers, the latest move toward more nationalistic policies in Southeast Asia's biggest economy. Fri, 22 Aug 2014 08:54:49 EST Allied World names John Bender CEO of global reinsurance http://businessinsurance.com/article/20140821/NEWS04/140829962 20140821/NEWS04/140829962 Allied World Assurance Co. Holdings A.G. has named John Bender CEO of its global reinsurance operations, the company said Thursday. Thu, 21 Aug 2014 11:52:26 EST Property/casualty insurer competition expected to increase: Moody's http://businessinsurance.com/article/20140821/NEWS04/140829966 20140821/NEWS04/140829966 Competition among property/casualty insurers should increase throughout the remainder of the year, according to an analysis released Thursday by Moody's Investors Service. Thu, 21 Aug 2014 10:30:12 EST China says testing catastrophe insurance system http://businessinsurance.com/article/20140820/NEWS04/140829990 20140820/NEWS04/140829990 (Reuters) — China is testing out an insurance system to fund reconstruction work after natural disasters as part of a broader push to expand the insurance sector, a top regulator said on Wednesday. Wed, 20 Aug 2014 08:30:42 EST Towers Watson names Eric Speer global head of risk consulting, software http://businessinsurance.com/article/20140819/NEWS04/140819833 20140819/NEWS04/140819833 Towers Watson & Co. has named Eric Speer as global head of risk consulting and software. Tue, 19 Aug 2014 16:54:49 EST