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Underwriters must maintain underwriting discipline - Levene
(BESTWIRE) The biggest challenge facing the insurance industry today is to underwrite for a profit, and not take on any business simply to collect the premium, said Lloyds Chairman Peter Levene.
Composite launch recession support package
Composite Legal Expenses has launched a new dedicated debt, cash-flow and business support package as an additional benefit to its commercial legal expenses products.
Catlin gets Lloyd's go ahead for new syndicate
Catlin has said it will commence writing selected classes of short-term life insurance and reinsurance, effective 1 May 2009.
AM Best comments on AIG restructure plan
AM Best has commented that the ratings and outlook of the property/casualty subsidiaries of AIG remain unchanged following the company's announcement of the acceleration of its restructuring and re-branding of its global property/casualty operations, AIU…
AIG to accelerate seperation of international general insurance business
AIG is to accelerate steps to position its general insurance business AIU Holdings as an independent entity by transferring the company to a special purpose vehicle in preparation for the potential sale of a minority stake in the business, which…
Lloyd's to buy back up to £100m in debt
Lloyd's has announced that it is offering to buy back some of its subordinated debt securities.
Government aims to cut road deaths by a third
Proposals that aim to make Britain's road the safest in the world were set out by Road Safety Minister Jim Fitzpatrick today.
Allied World takes three more from AIG
Allied World, the Bermudian (re)insurer, has announced that three former AIG executives have joined the company.
Axa gives mixed response to flood proposals
Insurance giant Axa has given a luke-warm response to the publication of the Draft Flood and Water Management Bill.
Biba welcomes draft Flood Bill
The British Insurance Brokers' Association has welcomed the publication of the draft Flood and Water Management Bill.
Ex-AA Insurance boss steps down as MGA MD after 12 months
The managing director of online managing general agency Iprism Kevin Sinclair has stepped down after 12 months to pursue other interests.
ABI calls for young driver restrictions
The government's road safety plans must address young drivers, according to the Association of British Insurers.
Senior Marsh exec moves to JLT's Dubai office
Jardine Lloyd Thompson, the (re)insurance broker has appointed Peregrine Muncaster as partner in its Dubai Office. He will join Lloyd Stewart with immediate effect.
Bowring Marsh, Lancashire in excess property facility offering
Bowring Marsh, the Marsh-owned specialist broker, said it is offering a new excess property facility.
US Gulf Coast predicted to be vulnerable again to hurricanes - Guy Carpenter
The US Gulf Coast, which was battered by Hurricanes Ike and Gustav last year will be the most vulnerable area to US hurricanes during the upcoming hurricane season, reinsurance broker Guy Carpenter has said.
What do you think of Lloyd's - last chance
Reinsurance wants to know what you think of Lloyd's as part of its ongoing monthly online survey of readers - Rethink. What are your views on Lloyd's new underwriting performance director; the possibilities of success of the new Lloyd's platform: and…
Aon Benfield IT chief joins Lloyd’s rival
RFIB Holdings has boosted its IT group with the hire of Mark Kinsella from Aon Benfield.
JLT affinity specialist joins Heath Lambert
Heath Lambert has appointed former Jardine Lloyd Thompson employee Tina Cant as strategic development director in its recently formed commercial affinity and small business division.
Brit appoints King to new role
Brit Insurance has appointed John King to the newly created role of portfolio director – short tail.
New Cat data service adds new CEO
Perils, the industry-wide European catastrophe insurance data initiative, has appointed former senior Glacier Insurance executive Dr Luzi Hitz as its new chief executive.
Allianz completes loss adjusting review with new panel
Allianz Insurance has appointed Davies Group, RMA and Cunningham Lindsey International to its construction and engineering loss adjuster panel following a review of its arrangements.
Brit brings over senior underwriter from Beazley
As revealed in Reinsurance in late January , Brit has secured the services of former Beazley underwriter John King.
Ex Marsh CEO to head up Lloyd's broker
Specialist broker THB Group has appointed a new chief executive for its London-based Lloyd's broking operation Thompson Heath & Bond Limited.
Brown & Brown Q1 net income drops
Brown & Brown, the US insurance broking giant, said that first quarter net income dropped to $48m from $51.7m in the same period last year.