Not all shareholders of Aons stock will be subject to U.S. capital gains tax if shareholders approve the insurance brokerage firms changes to move its headquarters from Chicago to London, the firm said.
The soft-market cycle has come to an end, at least according to Dallas-based insurance exchange MarketScoutwhich declared so in its November Market Barometer.
A federal court judge has preliminarily approved a $725 million settlement agreement announced more than a year ago to resolve a securities class-action lawsuit between American International Group Inc. and Ohio and Florida public pension plan funds.
A recent survey of commercial insurers indicates rates are beginning to harden, but brokers speaking at the Reinsurance Rendezvous in Monte Carlo paint a picture of an uncertain market, particularly for reinsurers, and of executives searching for direction on how to be profitable.
To remain viable, reinsurers need to be looking to the future, recognizing that their customer base will be seeing substantial transformation, according to a study by PricewaterhouseCoopers.
Ample capacity within the reinsurance market indicates no broad-based hardening in the insurance marketplace, but the three major insurance brokers differ over what direction the industry will be taking in the future.
A new withholding law will have punitive repercussions for financial-services companies that violate reporting requirements of U.S. citizens who invest in either non-U.S. financial accounts or non-U.S. entities, according to a report from PricewaterhouseCoopers.
A new withholding law will have punitive repercussions for financial-services companies that violate reporting requirements of U.S. citizens who invest in either non-U.S. financial accounts or non-U.S. entities, according to a report from PricewaterhouseCoopers.
The Association of British Insurers (ABI) says carriers are expecting significant losses of more than 100 million pounds ($162 million at current exchange rate) from damages caused by rioting in boroughs of London and other cities.