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Hardy reports Q1 premium income jump
Hardy Underwriting, the Bermuda-domiciled Lloyd's (re)insurer, said that premium income has gone up 33% in the first three months of the year.
Moody's raises outlook for The Hartford
Moody's has raised its outlook on beleagured US insurer The Hartford, the beleagured US insurer to 'developing' from 'negative' after the company said that it will not sell its Property/Casualty and life operations.
IPC reacts to new Validus offer
IPC has said that it will review Validus' revised offer, but has urged its shareholders not to take Validus' offer until it has made its recommendation.
Towergate assigned Moody's rating
Rating agency Moody's has assigned a B3 rating to Towergate Partnership after rating the company for the first time.
Validus ups IPC offer
Validus has increased its offer for IPC Holdings. Under the increased offer, IPC shareholders will now receive $3.00 in cash and 1.1234 Validus voting common shares for each IPC common share.
Dual International reports profits rise in 2008 following portfolio shake-up
Dual International, the specialist underwriting agency and the underwriting division of the Hyperion Insurance Group, has reported an increase in revenues of 21% for the year ending September 2008, bringing total reported revenues to £19m. Profit before…
Groupama claims market first with new product
Groupama Healthcare has launched a new solution aimed at helping businesses struggling to pay their group private medical Insurance premiums.
Insurancewide wins VAT appeal
Aggregator Insurancewide has won a High Court appeal which means it is not required to pay VAT in internet based insurance commissions.
PMI break for businesses
Groupama Healthcare has launched a product designed to help businesses struggling to pay their group private medical insurance premiums.
BGL offers personal accident cover
The BGL Group has expanded beyond motor and home insurance with the launch of its Personal Accident Cover product.
Swiss Re in giant bond issue
Swiss Re, the giant (re)insurer, is to issue €1.6bn in debt, according to reports.
BGL launches personal accident product
The BGL Group has expanded beyond motor and home insurance with the launch of its personal accident cover product.
AIG confirms plan to float Asian arm
AIG has confirmed that it is looking to float its Asian insurance subsidiary AIA on the Hong Kong Stock Exchange.
JLT secures BAA broking contract
Jardine Lloyd Thompson Limited has been appointed by BAA Airports for insurance broking services on its new construction facility, wrapping up all the construction activities at their UK airports (excluding Gatwick) for a minimum period of 5 years.
AIG downgraded by Fitch
Fitch Ratings has downgraded various AIG ratings, including the issuer default rating to 'BBB' from 'A' and the insurer financial strength ratings on the company's insurance subsidiaries.
Airmic outlines potential conflicts of interest in new guidance
The Association of Insurance and Risk Managers has published its own guidelines for commercial insurance buyers in their dealings with brokers. They highlight potential conflicts of interest and how they can be identified by risk managers.
UIA extends Property Consortium links
UIA has retained Property Consortium as a building repair network supplier.
Former Aon chairman joins JLT
Jardine Lloyd Thompson has appointed Bill Gloyn to its real estate team.
Pembroke managing director leaves - sources
Mark Butterworth, managing director of Pembroke Managing Agency, the Ironshore-owned Lloyd's (re)insurer, has left the company, Reinsurance has learned.
The Hartford given bailout participation permission
The US Treasury has given struggling US giant The Hartford permission to participate in the Treasury's Capital Purchase Program.
Former QBE and Aspen financial institutions head moves to HSBC
HSBC Insurance Brokers has appointed Adrian Fox to head up its financial institutions practice. He will be responsible for crime and professional liability insurance services for banks, insurance companies, fund managers, security houses, and public…
RSA reports alarming rise in stress levels in UK workforce
Stress levels amongst UK workers are soaring towards an all-time high as a result of the economic crisis and will lead to an increase in workplace injuries at a cost of £673m to industry, according to research released today by insurer RSA.
Lancashire holds back capacity awaiting rate rises
Lancashire this morning reported its gross written premiums had decreased by 23.5% in the first quarter of 2009 compared to the same period in 2008 to $142.8m.