Claims
California fire may cost over $130m - First American
The Jesusita fire that raged through Santa Barbara, California may cost more than $130m.
AIG Chairman and CEO to resign
American International Group, Inc. (AIG) has said that its chairman and CEO Edward Liddy has informed the Board of Directors that he intends to step down once suitable replacement for both roles have been found.
Aon slams Obama terrorism insurance scaledown plan
Aon, the US broker, has slammed Barack Obama's proposals to scale back the Terrorism Risk Insurance Program (TRIPRA) in 2007.
Gulf Re ratings affirmed by AM Best
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Gulf Reinsurance Limited (Gulf Re) (United Arab Emirates). The outlook for both ratings is stable.
UIB expands aviation team
International broker United Insurance Brokers (UIB) today announced the appointment of Steve Bradley and Gwyn Derrick as Divisional Directors to the Aviation team, based in the London head office.
Insurers start to offer swine flu policies in Hong Kong - report
Travelers forced to undergo quarantine when overseas or on returning to Hong Kong as a result of the current swine flu scare are being offered cash payouts thanks to a new insurance scheme, the Hong Kong Standard has reported.
Post PI briefing
Post's Catastrophic Personal Injury Briefing, held yesterday, in conjunction with Plexus Law, was a ...
EDM tabled over 'bully boy' settlements
A Labour MP has tabled an early day motion urging the government and the Financial Services Authorit...
Groupama PMI solution
Groupama Healthcare has launched a new solution aimed at helping businesses struggling to pay their ...
Rehabilitation standards launched at Westminster
Rehabilitation standards designed to protect the quality of care provided to people who require clin...
Rousing speech
Erin Brockovich ended this year's British Insurance Brokers' Association conference in Manchester wi...
Ace appoints vice-chairman
Ace Limited, the Switzerland-based reinsurer has said that Brian Dowd, CEO, Insurance – North America, has been named to the additional position of vice chairman, Ace Limited and Ace Group Holdings.
First American launches new fire product
First American Spatial Solutions, the spatial and natural hazard risk solutions subsidiary of US company First American Corporation has launched its Fire Protection Classification (FPC) solution.
Medicess welcomes UKRC standards
Medicess has welcomed the introduction of the UK Rehabilitation Council's standards.
AIG to pay $800m to damaged investors
The Securities and Exchange Commission, the US regulator, has said that a federal court has approved the distribution of more than $843m to harmed investors in the American International Group, Inc. from a Fair Fund that the SEC established after the…
Rehabilitation standards for the UK launched
Rehabilitation standards designed to protect the quality of care provided to people who require clinical and vocational rehabilitation have been launched at Westminster.
Allstate says will not participate in US TARP program
Allstate, the US insurance giant, says that it will not participate in the US Government's bail-out program.
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.
Swiss Re in giant bond issue
Swiss Re, the giant (re)insurer, is to issue €1.6bn in debt, according to reports.
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.
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.
Chaucer agrees to enter into Pamplona discussions
Chaucer, the sought-after Lloyd's (re)insurer, has agreed to enter into takeover talks with private equity firm Pamplona as well as other parties.
Private equity firm interested in buying part of Chaucer
Private equity firm Pamplona Capital Management has said that it interested in acquiring up to 29.9% of the issued share capital of Chaucer Holdings by means of a partial cash offer.