News
CII grandee Brown to head MGA group
An inaugural working committee has been set up to look at agreeing a constitution for the proposed trade body for managing general agents.
Pick of the week
Axa Insurance backs Autofocus in credit hire confusion; Broker Oval downplays shareholder discontent; Brown to head new MGA group; Towergate move over retention; and Evander intent on second Homeserve acquisition.
Willis Networks moves to improve renewal process
Radburn calls for tighter working practices
Zurich to exit new-home warranty and building control markets
Job losses likely at insurer
Aon to sue Jardine Lloyd Thompson over aviation staff departure
Aon is in the process of suing rival broker Jardine Lloyd Thompson over the departure of some of their aviation broking staff, Reinsurance can reveal
Chinese (re)insurers clear to invest in real estate
Chinese insurers allowed to invest directly in commercial real estate for the first time under new regulations
US economy shrank less than expected Q2
Figures from Commerce Department show that the US economy shrank by 0.7% April-June, the best performance in over a year
AIG UK appoints COO
Tom Colraine appointed to new role
Hartford names new CEO
Former Bank of America exec named as new CEO at property/casualty insurer
RSA sells business to Enstar
Deal removes £107m of liabilities from its balance sheet.
Japanese trio detail merger
Mitsui Sumitomo, Aioi Insurance and Nissay Dawa all detail their previously announced merger
Flagstone Re buys rest of African subsidiary
Flagstone Re buys rest of African subsidiary, formally known as Imperial Re
Torus raids AIG for MGA start up
Operation to be based in Bermuda.
ABI: insurance employment up 1.3% in 2008 despite recession.
313 000 people employed by sector according to new figures.
Kiln appoints active underwriter
Philip Wray joins Syndicate 1880 from Swiss Re
Travelers confirms Smith as interim UK boss after Hudson departure
International president takes over for now after long standing insurance boss quits.
Travelers UK insurance boss quits
Martin Hudson leaves after over 20 years with the insurer in the UK.
FDIC proposes prepayment of three years of fees
FDIC proposes prepayment of three years of fees
US Senate panel rejects public healthcare insurance option
A US Senate panel has rejected a government-run healthcare insurance option