Insurance News

Posts Tagged ‘Global

A global accounting standard setter proposed a new rule for insurers on Friday, aiming to shine a light on a sector criticized by investors for being a “black box” that keeps them in the dark.

The International Accounting Standards Board (IASB), whose rules are used in over 100 countries including in the EU which is home to insurers like Aviva , Axa , Generali and Allianz , published its draft rule on how to measure the value of insurance and Read the rest of this entry »

While hopes were high for the 2009 reinsurance market after the troubles of 2008, many rate expectations were not met, although capacity has remained steady, reinsurance brokerages reported.

In a study released today by Willis Re, Chief Executive Officer Peter C. Hearn commented that previous speculation was that global reinsurers would see “an acceleration in rate increases over the next 12-to-18 months as reinsurers sought to deliver Read the rest of this entry »

CHICAGO, April 8 /PRNewswire-FirstCall/ — Aon Corporation (NYSE: AOC – News), the world’s leading risk advisor and insurance broker, has been named the world’s best insurance broker by the respondents of Euromoney magazine’s annual insurance survey.

In a clean sweep of the global categories for insurance brokers, Aon also was named “Best Broker for Efficiency” and “Best Broker for Favourable Contracts.”

“Aon is honored to once again Read the rest of this entry »