Insurance Post Staff
Follow Insurance Post
Articles by Insurance Post Staff
Fitch: only a $40bn loss would halt cat slide
It would take insured losses of around $40bn to reverse the softening catastrophe price cycle, US ra...
Marsh CEO to get $5m compensation
MMC will pay departing chief financial officer Matthew Bartley more than $5m in compensation after t...
Florida P&C pricing off 15% says Guy Carpenter
Florida property catastrophe pricing is expected to decline by about 15% at the 1 June renewals, acc...
JLT to acquire Harman Wicks Swayne?
Broking giant JLT is in discussion with HWS Holdings that could see it buy all or part of the Lloyd'...
Market votes to amend Lloyd's Act
Lloyd's has voted to amend the Lloyd's Act 1982 by means of a legislative reform order. At an extra...
Universal Studios fire to cost $50m
The fire at Universal Studios is expected to cost insurers around $50m, sources familiar with the si...
Berkshire Hathaway reports a 64% decrease in Q1 profit
Berkshire Hathaway reported a first-quarter profit of $940m, a decrease of 63.8% from the same perio...
Davies Lavery boosts insurance team
Defendant insurance law firm Davies Lavery has promoted Samantha Silver to associate, working within the insurance and reinsurance team.
Cooper Gay completes Heath Lambert acquisitions
Global broker Cooper Gay has acquired the aerospace, reinsurance and UK wholesale divisions of Heath Lambert. It has also purchased elements of Heath Lambert’s global business solutions unit.
Customers compare policies on more than price, says aggregator
Some 45% of motor insurance customers pick policies on factors other than price, according to comparison site comparethemarket.com.
Iceland eathquake causes little structural damage
Yesterday's earthquake in Iceland caused little structural damage according to RMS.
Fitch supports phase II of insurance contracts standard
Fitch Ratings has said phase II of the insurance contracts standard proposed by the International Accounting Standards Board represents a good opportunity to bring greater comparability and increased disclosure to the insurance industry.
3XD launches policy for landlords
3XD has introduced a flexible household insurance for private landlords.
Florida Gov. Crist signs bill to freeze Citizens' rates through 2009
Florida Gov. Charlie Crist has signed a comprehensive insurance reform bill that will freeze rates for Citizens Property Insurance Corp. through 2009 but a plan to use $250 million of the state-run insurers' surplus to fund a capital incentive program…
Arista appoints new underwriter in South West
Arista Insurance has appointed Dan Mewse to provide localised underwriting support to its brokers in Cornwall and Devon.
Hannover in highly leveraged Florida Cat sidecar deal
Hannover Re has sponsored Globe Re, a 1-year sidecar to write a portfolio of US property Cat retrocession. Globe Re will be highly leveraged, capitalised with only $33m of equity and $100m of debt securities.
Crawford strengthens its global account management team
Crawford and Company has appointed Michael La-Band as a new member of its global account management team based at its Lloyd’s of London office.
Another company pulls out of RBSI bidding
Chinese insurance company Ping An has become the latest name to withdraw itself from the bidding for Royal Bank of Scotland Insurance, according to reports.
AIG focuses on fighting fraud
AIG UK has appointed Glen Marr to a new role as the vice president of the company's financial crime unit.