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Chaucer confirms intention to raise capital
Chaucer has confirmed speculation it is exploring its options for raising capital in light of an improving underwriting outlook for the insurance sector and the company's capital requirements.
RSA, HBoS and Paymentshield sign up with network
IFA network Sesame has launched a general insurance service, in an attempt to help its members during the market turmoil.
Japanese insurance giants in blockbuster merger
Japanese non-life insurance giants Mitsui Sumitomo, Aioi Insurance Co and Nissay Dowa General Insurance have agreed to merge.
Swiss Re declines to comment on writedown rumours; shares hammered
Swiss Re shares are off nearly 14%, reportedly because of writedown worries.
Greenberg berates Liddy over potential AIA sale
Former AIG chief executive Hank Greenberg once again tore into current AIG incumbent Edward Liddy over rumours that he was contemplating the sale of the company's Chinese insurer AIA.
Partner Re's renewals beat expectations
Partner Re, the Bermudian reinsurer, has said that renewals at the Jan 1 renewals rose 1% from the start of January last year.
Recession officially hits UK
The UK is expected to be officially declared in recession after gross domestic product fell by 1.5% in the final quarter of 2008, which followed a 0.6% drop in the previous quarter, according to analysts.
Lloyd’s solicitors opens city office
Greenwoods Solicitors has opened a new office in the City of London in February 2009.
Kingsway's reinsurance business downgraded
Kingsway, the Canadian automobile and truck (re)insurer, has seen its Barbados-domiciled reinsurer's issuer credit downgraded by ratings agency AM Best.
Liberty Syndicates appoints new head of claims
Liberty Syndicates, a member of Liberty Mutual Group, has appointed Scott Kellers as deputy head of claims, reporting to Mike Gillett.
Lloyd's insurer looks to raise another £100m
Lloyd's insurer Chaucer is considering raising up to £100m from shareholders, according to a report.
BGL looks to affinity arm for new MD of claims arm
The BGL Group have appointed a new managing director for its claims management business, ACM ULR.
Hannover Re acquires ING's individual life reinsurance business from Scottish Re
Hannover Re, the German reinsurance giant has acquired ING's US individual life reinsurance business ("ING Business") from Scottish Re Group in a reinsurance and asset purchase transaction. In addition to assuming the business directly from ING via fresh…
Aviva subsidiary signs salvage deal with Chubb
Bluecycle, the online marketplace for vehicle salvage, has signed a deal with high net worth insurer Chubb Europe to handle all of its auto salvage.
OSG grows loss adjusting arm through Irish acquisition
Outsource Services Group is to acquire Irish loss adjusting firm Lynch Goggin and Associates.
Liberty Mutual continues midmarket renewals sale
Liberty Mutual's sale of middle market commerical property and casualty business renewal rights continued when it announced it had sold the renewal rights to that type ofbusiness in Arizona, Arkansas, California, Colorado, Hawaii, Kansas, Louisiana,…
Legal giant merges insurance departments
Law firm Barlow Lyde & Gilbert has merged two of its insurance departments to form a new team, commercial risk and reinsurance.
Ironshore forms new P&C underwriting operation
Ironshore, the fast-expanding Bermudian insurer, said that it is to start a property and casualty underwriting operation - once again led by a former AIG employee.
Gallagher in 'definitive' agreement with Liberty Mutual
Arthur J. Gallagher & Co, the US insurance broker, said that it has signed a "definitive" agreement to acquire all of the policy renewal rights from Liberty Mutual's middle-market commercial property/casualty business located in the US Midwest and…
Insurecom announces recruitments to prepare for growth
Insurecom, the general insurance software house, has made a series of new appointments across the business as a result of intensive business and operational change in the second half of 2008.
Allianz strikes major deal in £1bn retail push
TIA Technology has been appointed as a core insurance solutions provider by Allianz Insurance as it looks to grow its retail business.
AIG rumoured to be selling Phillipine consumer units - report
AIG, the stricken insurer, is reported to be selling its Phillipine savings bank and auto finance company to East West Banking Corp, a unit of domestic group Filinvest Development Corp, reported Dow Jones Newswires.
Zurich reports rise in critical illness claims
Zurich saw a 6% rise in critical illness claims last year compared to 2007.
FSA chief outlines regulatory reforms
Lord Turner, chairman of the Financial Services Authority (FSA), has set out the implications for regulation and the future shape of the financial system in a lecture in the City.