Claims
AIG raises over $1bn from share sale
AIG has said that it has raised nearly $1.14bn from selling shares in reinsurer Transatlantic Holdings.
JLT buys UK underwriting agency
Jardine Lloyd Thompson, the UK insurance broker, said it has acquired Ingham and its operating subsidiary Ingham Underwriting.
Bright Grey improves income protection offering
Bright Grey has improved its income protection offering by improving cover limits and including the services of HCML, a rehabilitation case management company.
Arch adds senior exec from The Hatford
Arch Insurance Group, a subsidiary of Bermudian (re)insurer Arch, said that David McElroy has joined as president of the newly-created financial and professional liability products group of Arch Insurance's US-based operations.
Hyperion makes acquisition
Hyperion Insurance Group today announced that its broking arm, Howden, has signed a deal to acquire Hendricks & Co GmbH, the specialist Directors and Officers (D&O) and Commercial Legal Expenses broker in Germany.
Renaissance Re agrees to buy Spectrum
RenaissanceRe, the Bermudian (re)insurer, has said that it has agreed to acquire Spectrum Partners, Ltd., whose principal operating subsidiary is Spectrum Syndicate Management, a Lloyd's Managing Agent.
JLT Re adds two more
JLT Re, the reinsurance broking arm of Jardine Lloyd Thompson, has appointed Michel Fernandez as executive vice president and Greg Habay as senior vice president for JLT Re's North American property practice.
Moody's gloomy on Transatlantic Re
Moody's Investors Service has placed the Aa3 insurance financial strength rating of Transatlantic Reinsurance Company on review for possible downgrade, as well as the A3 rating on senior debt of Transatlantic Holdings, Inc. (NYSE: TRH).
AIG prices stake in Transatlantic Re
AIG has said that it has priced its underwritten public offering of 26m shares of US reinsurer Transatlantic Holdings, common stock owned by AIG and its subsidiary, American Home Assurance Company (AHAC), at $38 per share.
The Hartford CEO to retire
The Hartford Financial Services Group, the troubled US insurer, said that its chairman and chief executive Ramani Ayer is to retire by the end of 2009.
Rates to rise for marine insurance - Aon
Ship owners are facing challenging negotiations at 2009/10 renewals as marine insurers seek rates increases on all classes of business. However, according to a report from Aon, abundant capacity means competitive forces will create a balancing act in the…
Aviva: Accident scene information speeds claims process
Fleet drivers can speed up the insurance claims process if they gather information at the scene of an accident, Aviva has claimed.
QBE unveils new PI product for the media
QBE has launched a new tailored professional indemnity product for media professionals in the UK and Ireland.
Arc Angels racing for life
Twelve staff from Arc Angels, the corporate social responsibility programme of legal expenses insura...
Biba backs cross-border RTA consultation
The British Insurance Brokers' Association has backed a European Commission consultation on victims'...
Appointment at Merlin
John Watson has joined Merlin Claims as director of contractor services. He has considerable exper...
Negligence claim overturned due to 'over-exacting standard'
Pritchard Joyce & Hinds (a firm) v Batcup and another (Court of Appeal - 5 May 2009)
Homeserve will still offer emergency service
The recent online headline concerning Homeserve stopping providing emergency services due to "diffic...
New business wins
Questgates has scooped 34 new business wins across six of its service divisions in the last quarter....
The call for rehabilitation regulation
QBE recognises that the UK Rehabilitation Council standards are beneficial to both end users and the...
Primary to create £220m GWP MGA
The UK-based underwriting subsidiaries of the Primary Group plan to merge, creating a new business w...
Rok campaign for VAT cut gathers pace
Rok is to appeal to insurers to back a campaign calling on the government to cut the VAT rate on bui...
Aon warns of recession terror threats
Aon Crisis Management has warned a "new generation of terrorists" could be forming as a result of th...
Access to justice
Jackson Review: ATE Insurance