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Novae offers "friendly" merger deal to Chaucer
Lloyd's insurer Novae has offered (re)insurance rival Chaucer the chance to merge on an all-share, n...
Life lessons
Life reinsurance is one of the biggest growth stories in the industry. Alexander Ferguson talks to Gilles Meyer, life chief executive at Scor, about the successes of the past and the challenges ahead
AIG earns wrath of Greenberg over "fire sale"
The AIG saga continued over the Christmas and New Year period, as the ailing US insurer battled outg...
Starr Specialty Lines offering additional capacity for North American commercial risks
Starr Specialty Lines Insurance Agency, a subsidiary of CV Starr, said it is offering additional capacity on primary, buffer, and excess of loss layers for North American commercial property risks. Zurich, a leading property and casualty insurance…
Swiss Re FY result likely to be 'messy', says analyst
Swiss Re's fourth quarter and full-year results are going to be a 'mess' when the reinsurance behemoth reports on 19 February, according to a senior analyst at Collins Stewart.
Arag wins MMA Insurance contract
Legal expenses specialist Arag has been selected by broker-only insurer MMA Insurance to provide legal expenses cover alongside its commercial combined portfolio.
Mitsui UK seeks new CEO as Guest steps down
Chief executive officer Allan Guest has advised the board of Mitsui Sumitomo Insurance (London Management) of his decision to take early retirement from the company and will leave at the end of March.
Argo to establish casualty and professional risks division
Argo Group, the Bermudian (re)insurer, said it has established a casualty and professional risks division within Argo Re, the Company's Bermuda-based reinsurance operation.
Allstate downgraded by Moody's
US giant Allstate suffered the latest blow in a week that saw its shares tumble by around 20% in a day when it was downgraded by ratings agency Moody's.
Chubb annual net income falls by $1bn
The Chubb Corporation has reported a fall in net income to $1.8bn (£1.27bn) in 2008 compared to $2.8bn for the previous year while net written premiums decreased 1% year on year to $11.8bn.
AIG appoints new vice chairman
AIG has said that it has appointed Anastasia Kelly as its new vice-chairman.
LV= partners with Assureweb to launch ‘real-time’ annuity quotes system
Leading annuity provider LV= has announced it has entered into a partnership with Assureweb 1 to launch a new annuity quotation service.
IP Task Force concerned about use of the phrase ’Income Protection’
The Income Protection Task Force (IPTF) are meeting to discuss the Competition Commission Report on payment protection insurance (PPI) next week but believe there is an immediate need to prevent consumer confusion by outlawing the use of the term "Income…
Friends Provident enhances its CI Cover
Friends Provident announced today that it has enhanced its Critical Illness Cover (CIC) by extending the list of conditions covered under its plan to 36. The company has also extended the maximum policy term to 40 years and the age at which plans can end…
Argo Group says US CEO to leave; ups Ike loss estimates
Bermudian (re)insurer Argo Group said that its president of its U.S. operations, Dale Pilkington, will be leaving the Company as of May 1, 2009.
Willis appoints new head of Manchester office
Willis has appointed Tony O'Gara as branch director of its Manchester office effective immediately.
Thornton leaves Cooper Gay
The chairman of the British Insurance Brokers' Association Derek Thornton has left Cooper Gay where he was executive chairman of its UK wholesale broking business, FSJ.
Airmic publishes claims guide
The Association of Insurance and Risk Managers has published its claims best practice guide.