Articles by Insurance Post Staff
Ace Group reports record year
Ace Group today reported net income for the fourth quarter ended 31 December 2007 of $572m (£292m), operating income up 8% to a record $693m. This meant the full year net income increased by 13% to £2.58bn and operating income was up 15% to a record £2…
Lloyd’s announces new appointments to its council and Franchise Board
Lloyd’s today announced a number of appointments to its council and Franchise Board.
FSA business plan published
The Financial Services Authority (FSA) has published its business plan for 2008/9.
Towergate buys close to head office
Towergate has continued its expansive growth strategy with the acquisition of £8m gross written premium commercial Maidstone-based insurance broker Woodgate and Partners.
Munich Re to open Brazil subsidiary
Munich Re has opened a subsidiary in São Paulo, Brazil in a move the German reinsurer claims is the “solution that secures the best possible market access for the group”.
RSA acquires broking group
Royal and Sun Alliance has acquired Mike Slack's Fyfe Group for an undisclosed amount, as predicted by Post
Amlin underwriting director takes time out
Tony Holt, Amlin's underwriting director, is undertaking some medical treatment which necessitates him taking a few months off work, the Lloyd's insurer said today.
Aviva raises flood loss estimate by £75m and updates COR
Norwich Union's parent Aviva has given an update on its 2007 weather-related losses as it released its long savings figures for the last 12 months.
Friends Provident to launch business protection
Friends Provident has announced that it will start offering business protection.
Association of Mutual Insurers continues to grow
Thomas Miller and Mutual One are the latest organisations to be welcomed as associate members by the Association of Mutual Insurers.
Scottish college in insurance first
Cardonald College, a further education college in Glasgow, has become the first Scottish education institution to receive accredited provider status from the Chartered Insurance Institute.
Fitch: Swiss insurers prepared for change
Fitch Ratings has said today that it assigns a stable outlook for the Swiss life and non-life insurance sectors as insurers remain on the path of underwriting discipline in the face of more challenging market conditions.
Isle of Man change in solvency legislation reaps rewards
The Isle of Man has recently enhanced its insurance regulations, giving the Insurance and Pensions Authority increased flexibility concerning solvency requirements.
Carole Nash completes senior team
Carole Nash has appointed Clive Roberts as financial director.
Caribbean Cat fund slices premium
The Caribbean Catastrophe Risk Insurance Facility is to slice premiums charged to participating governments by 10%.
Former QBE boss joins Liberty
Liberty International Underwriters has appointed Paul Kurgo as head of commercial UK and Ireland.
BMS hires North American CEO
Reinsurance broker BMS has announced the appointment of James Buysse as chief executive of its North American operations, BMS Intermediaries.
William Russell launches budget PMI for expats
Health insurance provider William Russell has enhanced its Global Health Essential plan range to provide affordable cover in over 180 countries worldwide.
ABC Insurance appoints risk manager
LV broking division ABC Insurance has appointed Risk Stop to provide risk management services for its commercial insurance portfolio.
Aon Re takes former Max Re CEO for capital markets role
Aon’s reinsurance broking arm, Aon Re Global, has announced the appointment of Bob Cooney as managing director of Aon Capital Markets.
Lloyd’s and LMA to drive Claims Change Programme
Lloyd’s has today set out plans to accelerate the pace of change in the market’s claims performance.
Darwin Rhodes opens in Birmingham
Darwin Rhodes Group, professional financial services and insurance recruitment firm, has launched in Birmingham with a new office and the appointment of a new manager.
Brit forms partnership with Design Museum
Brit has announced a four-year partnership with the Design Museum on London’s South Bank.
Allianz strikes deal with Argos parent
Allianz Schemes has grown its insurance book with Home Retail Group, the organisation that owns Argos and Homebase.