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Its not retirement, says Joe Plumeri, the chief executive officer of Willis Group Holdings, but just another phase in his long career as he reflects on his 12 years in the insurance brokerage business.
Insurance brokers are not expected to make any great strides in their earnings in 2013 as competition and continued world economic challenges will leave little room for improvement, says Fitch Ratings.
A strong quake centred off northeastern Japan shook buildings as far away as Tokyo on Friday and triggered a one-metre tsunami in an area devastated by last year's Fukushima disaster
A group of Chinese companies, including the Industrial and Commercial Bank of China, is in talks to buy American International Group Inc's aircraft leasing unit for about $5.5 billion.
A group of Chinese companies, including the Industrial and Commercial Bank of China, is in talks to buy American International Group Inc's aircraft leasing unit for about $5.5 billion.
The judge in a case over the restructuring of bond insurer MBIA said her decision was "getting there," but gave no further indication on when she would rule.
Emerging market countries represent huge, untapped opportunities for insurers. But carriers that are not properly staffed with people who understand the cultures, histories and markets of these nations will not succeed in their efforts to expand.
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