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Ambant appoints former FSA associate to head up new unit
Ambant has created a new business practice to help brokers and underwriters respond to scrutiny from the Financial Services Authority.
Post | 10 Mar 2010
Swiss Re gives quake and Xynthia loss estimates
Reinsurer claims losses for the European winter storm to be approximately $100m.
Post | 10 Mar 2010
Glacier reports $34m growth in net income
Glacier has reported net income for 2009 up to $60m and a total gross written premium decline pf 17% from 2008.
Reinsurance | 09 Mar 2010
PYV launches investment fund division
Lloyd’s professional indemnity insurance broker launches business unit to offer bespoke insurance products and services for traditional and alternative funds.
Reinsurance | 09 Mar 2010
The Aldermanbury Declaration - is it the way forward?
Post, as part of its Investing in the Profession Campaign, is hosting this week a special, live, and interactive, online debate on the insurance industry's latest initiative to boost professionalism - The Aldermanbury Declaration.
Post | 09 Mar 2010
Liberty raids Marsh for Hogg to lead strategic assets arm
The arm aims to develop and underwrite a range of specialist risks including intellectual property, reputational risks, cyber insurances and non-material damage business interruption.
Post | 09 Mar 2010
Marsh to take $600m hit on Kroll disposal
The Financial Times reports The Carlyle Group, Apax Partners and General Atlantic have all entered bids by the deadline for first expressions of interest in late February.
Post | 09 Mar 2010
Beazley delivers syndicate result
The board of managing agency Beazley Furlonge has announced its results for syndicate 623, which writes business on behalf of third party capital at Lloyd’s.
Post | 08 Mar 2010
Jubilee backs scheme for rally drivers
Jubilee Managing Agency has been appointed to provide an amateur motor sport personal accident scheme for amateur race and rally drivers who hold Motor Sport Association competition licences.
Post | 08 Mar 2010
QBE restructures European business
With immediate effect, QBE will operate four product underwriting divisions: casualty & motor; property; marine & energy; and reinsurance & specialist.
Post | 08 Mar 2010
Holman's appoints new managing director
Lloyd’s broker John Holman & Sons has appointed Angela Tjay Mazuri as managing director.
Post | 08 Mar 2010
Lloyd’s partners with QuIC for Solvency II preparations
Specialist insurance market Lloyd’s has selected QuIC Financial Technologies to aid its preparations for Solvency II.
Post | 08 Mar 2010
Glacier agrees space deal
Glacier Insurance is to support the Space In-Orbit Insurance Consortium led by Sciemus Space Insurance Services with immediate effect.
Post | 08 Mar 2010
Chaucer profits back in black
Chaucer has reported profit before tax and foreign exchange on non-monetary items of £75.3m (2008 loss £59.5m).
Post | 08 Mar 2010
Corporate tax cut in New York proposed by NYIE - Wrynn
The New York Insurance Exchange may seek lower federal corporate tax to enhance its appeal, according to the Insurance Superintendent
Reinsurance | 05 Mar 2010
Cooper Gay to make cuts in aerospace division
Cooper Gay is making redundancies in its aerospace division, Reinsurance has learned.
Reinsurance | 05 Mar 2010
Hardy records 78.1% combined ratio
Hardy Underwriting Bermuda has reported profit before tax and foreign exchange movements of £26.7m (2008: £4.4m).
Post | 05 Mar 2010
Alterra names new executives
Alterra, the new name for the newly-combined entities of Bermudian reinsurance rivals Harbor Point and Max Capital, has named its executives.
Reinsurance | 04 Mar 2010
Novae profit declines
Pre-tax profits for 2009 at the (re)insurance group fell £9.6m due to first half losses but gross written premiums rose 10%
Reinsurance | 04 Mar 2010
Post Pick of the week
Post reporter Dan Dunkley outlines the major news stories from this week's issue of Post.
Post |
04 Mar 2010 | 
Max ratings won't be affected by Harbor Point merger, say Fitch
Max Capital's announcement that it is merging with Bermudian rival Harbor Point is unlikely to affect its ratings, Fitch has said.
Reinsurance | 04 Mar 2010
Max - Harbor Point merger won't lead to job losses - sources
The merger between Max Capital and Harbor Point won't lead to job losses in the Lloyd's market, market sources have told Reinsurance.
Reinsurance | 04 Mar 2010
Harbor Point and Max Capital confirm merger
Bermudian reinsurers Max Capital and Harbor Point have confirmed their merger.
Reinsurance | 04 Mar 2010
Kiln releases syndicate results
Lloyd’s managing agency RJ Kiln has released the final results for its managed syndicates for the 2007 year of account, updated forecasts for the 2008 year of account and initial forecasts for the 2009 year of account.
Post | 03 Mar 2010
Amlin bolstered by acquisition return
Amlin's acquisition of Fortis group's Benelux-based corporate insurance operations contributed to the Lloyd's insurer reporting a record pre-tax profit of £509.1m in 2009 — up from £121.6m in 2008.
Post |
03 Mar 2010 
Hiscox despairs over Tory FSA proposal
Hiscox's chairman has credited a three-fold increase in annual profits on responsible investment strategy, a cautious approach to underwriting catastrophe-exposed risk and a benign mother nature.
Post |
03 Mar 2010
Brit plans global expansion
Brit Insurance plans to take stock of its global presence in 2011, once it is firmly established in the US and Japan.
Post |
03 Mar 2010
Leader: A declaration of intent
The unveiling of the Aldermanbury Declaration could mark a turning point for the insurance sector.
Post |
03 Mar 2010
Lloyd's players on IPL terrorism cover
A policy covering the risk of terrorism during the Indian Premier League thought to be worth $1.5m (£1m) in premium will be placed on the Lloyd's market, Post has learnt.
Post |
03 Mar 2010
Industry challenged to meet 2013 deadline
By December 2013, every single UK broker and insurer will exceed a minimum threshold in terms of the number of their staff qualified to advanced diploma level. That is the vision of the Insurance Profession Task Force that has today unveiled the Aldermanbury Declaration — calling on colleagues to commit to a common framework for raising professional standards in the general insurance sector.
Post | 03 Mar 2010
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