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Equity investment to rise
Private equity investment in the general insurance market is expected to increase following a lull l...
Appointment at Ace Europe
Ace Europe has appointed Jeff Carr as client relationship manager for its UK and Ireland major ris...
Brit gets foothold in US market
Brit Insurance has launched a wholly owned managing general agent in the US that will delegate autho...
Parabis consolidates trio
Parabis Group has consolidated defendant law firms Badhams Law, Praxis Partners and GW Law under the...
BJP acquires Antell
BJP, the Thames Valley-based commercial broker, has acquired motor trade specialist Antell Insurance...
Brokers remain loyal to their customers first
Perhaps the chairman of Moorhouse Lyndon Wood had a bad new year. Reading the comment attributed to ...
2009: a claims scorcher or claims washout?
The rain started to fall on 1 August 2006 and it hasn't really stopped now for 29 months (that's 870...
MD steps down as provider rebrands
Primary owned UKU Group and its affiliated companies have rebranded under the umbrella name of Longh...
Baker boosts Crawford's major loss team
An associate partner at Teceris has joined rival loss adjuster Crawford & Company to shore up its ma...
Chaucer in SME push
Chaucer has made changes to the management of its Syndicate 1084 to help facilitate a concerted push...
Post Pick of the week
Post senior reporter Sarah Hills rounds up the top stories from the general insurance sector. This week: Sterling boss on the exit options open to the insurer; ABI launches major flood consultation; Former Fusion boss admits market reentry plan;…
Towergate announces reshuffle in southern division
Towergate has made a series of key senior appointments to its retail division in the South which reflect the successful growth of the business across the region.
Arch announces approval for Lloyd's operation
Arch Capital Group, the Bermudian reinsurer, has said it has received approval in principle from the Lloyd's Franchise Board and the Financial Services Authority to establish a new managing agent and syndicate at Lloyd's.
Hannover Re CEO Zeller confirms retirement; CFO out too
Hannover Re's chief executive Wilhelm Zeller has confirmed that he is to step down at the end of June. He will be replaced by Ulrich Wallin.
Catlin to start new US casualty facultative reinsurance business
Catlin, the international specialty property/casualty (re)insurer, has established a US casualty facultative reinsurance business.
Transatlantic Re downgraded by S&P
US reinsurer Transatlantic Holdings has had its counterparty credit ratings downgraded to BBB+ from A- by ratings agency Standard & Poors.
Zurich snags AIG senior exec to lead Dubai office
(Bestwire) Zurich Financial Services Group has appointed Saad Mered as its chief executive officer for the Middle East. His appointment is effective immediately.
Marsh Hong Kong appoints new chairman
Marsh, the broking arm of US financial services giant Marsh & McLennan, has appointed insurance industry veteran Kenneth Kwok as chairman of its Hong Kong business. He will report to Paul Wilkins, CEO for Greater China and he will work alongside Marsh…
Outlook for Chinese P&C market stable - Moody's
The outlook for the Chinese property & casualty (P&C) insurance industry is stable, but challenges remain from growing price competition, declining capitalization and significant catastrophe risk amidst the weak economy, says a new report from Moody's…
Validus ups Ike loss estimates
Validus Holdings, the Bermudian (re)insurer, said that it has raised its loss estimates from Hurricane Ike by approximately $70.1m to a current total estimate of approximately $235.1m.
RSA improves risk model
RSA has improved its geographical risk assessment model to include more than 100 updated features and take into account newly constructed flood defence schemes.
Groupama, Fortis and Axa could be impacted by CFS-Britannia merger plan
A raft of insurers could be impacted by the decision of Britannia and Co-operative Financial Services to merge to create what has been described a "new super-mutual" and an "ethical alternative to shareholder-owned banks".
Indian firm courted as AIG ends Manchester United sponsorship
AIG is to end its sponsorship deal with Manchester United according to reports.