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IPC Holdings ups Ike, Gustav estimates

IPC Holdings, the Bermudian (re)insurer, has upped its estimate of claims from hurricanes Gustav and Ike by approximately $47m to a total estimate of approximately $135 million, net of reinstatement premiums.

PICC FY premium income reaches record levels

(Bestwire) PICC Property and Casualty Co. Ltd. [77633], the largest nonlife insurer in China, said its direct premium income for 2008 reached 100 billion yuan (€10.8bn), a new record for the company.

MMC settles US bid-rigging case

(BestWire) - Marsh and McLennan has reached a $7m settlement with nine states stemming from an investigation into bid-rigging and broker compensation schemes dating back to a 2004 investigation, state and company officials said, Reinsurance has reported.

Ask the expert

I've been trying to recruit for a couple of positions in Scotland for more than two months, but am having trouble securing the right candidates. Where have all the job seekers gone?

Appointment at Ace

Ace Global Markets has appointed Andrew Williamson as head of marine product line. In this new posit...

Appointment at Romero

Romero Insurance Brokers has recruited Richard Nicholson and Jon Land as directors. ...

Pick of the week

Post senior reporter Sarah Hills rounds up the top stories from the general insurance sector. This we...

Appointment at Assurant

Assurant Solutions Intermediary has appointed Nigel Payne as managing director. Mr Payne joins ASI f...

Appointment at BHSF

Melanie White has been promoted to HR officer at BHSF, the Birmingham-based nationwide healthcare in...

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