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Ecclesiastical buys stake in broker

Ecclesiastical has acquired a minority shareholding in specialist insurance broker Lycetts that is focused on the farms, estates, historic houses, fine art and bloodstock markets.

Aspen unit upgraded by AM Best

Aspen Specialty (ASIC), a wholly-owned unit of Bermudian (re)insurer Aspen, has had its financial strength and issuer credit ratings upgraded by AM Best.

Swiss Re to cut 11 560 headcount by 10%

Swiss Re intends to reduce its current global headcount of 11 560 by approximately 10% over the next twelve months. This is part of the previously announced plan to introduce cost reductions of CHF 400m by the end of 2010.

Pick of the week

Post senior reporter Sarah Hills looks at the major stories in this week's Post: Zurich Euro chief s...

Appointment at RSA

RSA has appointed Tim McGain as its new Risk Solutions UK property director with effect from 1 Apr...

Catlin joins IUA

Catlin UK has voted to join the International Underwriting Association. Dave Matcham, chief executiv...

Appointment at QIS

The Board of Qatar Insurance Services has recruited James Sutherland as chief executive officer. P...

Aviva S&P downgrade

Standard & Poor's has lowered its long-term counterparty credit rating on Aviva to 'A' from 'A+'. At...

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