News

Anastasia Kelly, American International Group vice chairman for legal, human resources, corporate affairs and corporate communications, resigned last week in the wake of a federally mandated pay cut.

Insurance broker Willis Group Holdings Ltd. said it has finished moving its corporate domicile from Bermuda to Ireland under the new name Willis Group Holdings Public Ltd. Co.

In two reports, insurance brokers said the reinsurance marketplace has made a remarkable recovery through 2009 and remained disciplined in its pricing through the Jan. 1 renewal season.

According to its annual report, the Office of Insurance Regulation considers Florida's workers' compensation market to be in good shape.

There is currently no immediate permanent replacement for Maryland Insurance Commissioner Ralph Tyler, who leaves his post Friday to become chief counsel to the federal Food and Drug Administration, an official said.

Reinsurance rates across most lines of property and catastrophe business declined for Jan. 1, 2010 renewals, according to a study released by reinsurance broker Guy Carpenter & Company, LLC.