Insurance Post Staff
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Evolution, AIG UK in D&O product launch
Commercial underwriting agency Evolution Underwriting has launched a flexible directors and officers package product, developed in conjunction with AIG UK, to meet growing demand in the recession from small UK businesses.
APC and JSW join forces to launch new scheme
Commercial insurance underwriting specialist APC has developed a bespoke package scheme for estate and letting agents together with Staffordshire-based JSW Insurance Services.
Aon tipped to scoop Manchester United sponsorship deal
Aon is tipped to become Manchester United's new shirt sponsors in a £20m a year deal, according to reports.
Loss adjuster unveils new Irish office
Merlin Professional Claims Services has opened a new regional office in Clarendon Dock, Belfast as part of its strategy to create up to 10 regional offices at key locations across the UK. Similar regional offices have recently opened in Leeds, Warrington…
Texas politicians unanimously approve windstorm compromise
The Texas House unanimously approved a compromise on a windstorm insurance system overhaul Sunday night, the Houston Chronicle has reported.
Florida reinsurance renewals at 1/6 up by 15%, but still lower than expected
Florida reinsurance rates jumped by a lower-than-expected 15% at the June 1 renewals.
California fire may cost over $130m
The Jesusita fire that raged through Santa Barbara, California may cost more than $130m according to...
President Obama in firing line over terrorism plan
US broker Aon slammed US president Barack Obama's proposals to scale back the Terrorism Risk Insuran...
The Hartford finds help
The US Treasury has given struggling US giant The Hartford permission to participate in the Treasury...
Battle for IPC coming to an end
The battle for Bermudan reinsurer IPC between preferred bidder Max Capital and rival bidder Validus ...
Munich Re quarters fall 45%
German reinsurance giant Munich Re recorded a fall in first quarter profits by 45% to EUR420m ($588m...
Swiss Re exceeds forecasts
Swiss Re has beaten analysts' expectations for net income in the first quarter of the year. For the...
Berkshire Hathaway sees $1.53bn loss
Berkshire Hathaway recorded a $1.53bn loss in the first quarter of this year - a huge swing from the...
Swiss Re warns over Solvency II formula
Reinsurance giant Swiss Re, which has published a series of recommendations on dealing with the impe...
Industry loss warranties pricing to plummet
Pricing for industry loss warranties (ILWs) is on the wane as insurers wait for the Atlantic hurrica...
Staying the course
R J Kiln's director of underwriting, Richard Lewis, reflects on a quarter of a century with the comp...
Recruitment moves
Mark Butterworth, managing director of Pembroke Managing Agency - the Ironshore-owned Lloyd's (re)in...
New York Insurance Dept chief to resign
Governor David A. Paterson has said that the Superintendent of the New York State Insurance Department, Eric R. Dinallo will resign his position and become the Henry Kaufman Visiting Professor of Finance at New York University's Stern School of Business.