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Direct Line launches insurance for hoteliers
Direct Line has launched a new insurance product for hotel, guesthouse and bed & breakfast owners.
Home & Legacy Let quotes now online
Brokers will now be able to get an instant quote for Home & Legacy Let through the click of a button on the company’s website.
Max Capital Q1 net income plunges
Max Capital, the Bermudian (re)insurer, reported net income for the first three months of the year fell to $7.7m from $80m this time last year.
Presidio Reinsurance Group buys out UK underwriter Vespasian
Presidio Reinsurance Group said that it has bought London-based accident and health underwriting agency Vespasian.
Castlepoint's net income jumps $2.5m; net written premiums up 64%
Castlepoint, the speciality (re)insurer, said first quarter net income rose to $9.6m from $7.1m in the first three months of 2007.
HSF in HSA swoop
Health cash plan provider, HSF Health Plan has acquired the Irish business of HSA Healthplan.
Heath Lambert launches new division
Heath Lambert Group has formed a new specialist division Heath Lambert Commercial Affinity and Select Business.
Berkshire Hathaway Q1 profits plunge
Berkshire Hathaway reported a first-quarter profit of $940m, a decrease of 63.8% from the same period a year ago.
New home insurance scheme from Europ Assistance
Europ Assistance has secured two new agreements with Lark and scheme insurance specialist Lloyd and White.
Argo Group Q1 net income up 47%
Argo Group International Holdings, the Bermudian-based (re)insurer, said that first quarter net income rose 47% to $36.9m from $25.1m in the first three months of 2007.
Amlin in investment management joint venture poaches Swiss Re execs
Amlin, the Lloyd's (re)insurer, said it will form an investment management joint venture specialising in managing funds in traded insurance risk.
Swiss Re in further Q1 $778m credit write-down, shares hammered
Global reinsurer Swiss Re has reported an additional mark-to-market loss of CHF819m ($778m) on its portfolio of structured credit default swaps in the first quarter of 2008 and has penciled in a further charge of CHF200m ($190m) sustained during the…
Flagstone Re Q1 net income drops nearly 8%
Flagstone Re, the Bermudian (re)insurer, said that net income for the first quarter of the year fell to $32.9m from to $35.6m on diminishing investment returns.
Hannover Re Q1 net income soars 23%
Hannover Re said that first quarter net income rose nearly 23% to €151.5m, up from €123.5m this time a year ago.
Aon launches Asia desk
Aon Global has launched an Asia desk in London, which will be headed up by Clemens Philippi.
Kwik-Fit and SSP in electronic delivery of motor certificates
Kwik-Fit Insurance claims to have become the first insurance provider to purchase SSP’s secure electronic delivery solution, SDX, in order to improve customer service and cut fulfilment costs.
Heath Lambert appoints strategic development director
Jim Lorimer has been appointed strategic development director for Health Lambert Insurance Services, in addition to his existing position as chief information officer for the group as a whole.
Grant promoted to group executive at RMS
Matthew Grant has been appointed group executive of global client development at Risk Management Consulting.
Hiscox appoints Michael Gould as new COO
Hiscox has announced the appointment of Michael Gould to the role of chief operating officer, effective 9 June 2008.
Arch Europe names Weatherstone as new chairman and CEO
Arch Europe, the European arm of Bermudian (re)insurer Arch, said it has appointed James Weatherstone as its president and chief executive. Current Arch Europe chief executive Robert Van Gieson will become its chairman.
IFEX lists 2nd event US storm contracts, hints at possible 3rd event market
Catastrophe futures exchange IFEX has announced that announce that the Chicago Climate Futures Exchange (CCFE)will list IFEX 'Second Event’ US Tropical Wind Event Linked Futures from today.
FOS name and shame will not be welcomed says Eversheds
The much anticipated Financial Ombudsman Service review, published by Lord Hunt, has taken steps to address concerns on complaints handling. However, recommendations to introduce a name and shame system will not be welcomed by financial institutions,…
Kennedys promotes six to partnership
City law firm Kennedys, has promoted six senior assistants to its partnership, five to its UK practice and one to its Hong Kong practice.
Solaglas Windowcare invests in its vehicle fleet
Emergency glazing repair and replacement company Solaglas Windowcare has announced it intends to replace its entire vehicle fleet, as part of an ongoing expansion programme.