News
Assured Guaranty does second Texas municipal bond deal
Assured Guaranty, the financial guaranty subsidiary of US bond insurer Assured Guaranty, said it has guaranteed $130m of convertible capital appreciation bonds for the North Texas Toll Authority (“NTTA”).
Quanta Shareholders shareholders approve amalgamation agreement
Shareholders of Bermuda-based specialty (re)insurance provider Quanta Capital Holdings said that its shareholders have "overwhelmingly" voted to approve the amalgamation agreement with Bermuda-based run-off company Catalina Holdings (Bermuda) Ltd. and…
MDU warns of outdated UK doctors' indemnity practices
The Medical Defence Union has warned that the UK is danger of being one of the last countries in the European Union to persist with an outdated system of indemnifying doctors, which risks leaving patients uncompensated.
Tesco Compare enters motorbike market
Price comparison website Tesco Compare has launched its motorbike insurance comparison service.
Most listed buildings have wrong insurance says Ecclesiastical
Two thirds of the UK’s half-million listed buildings are insured for an incorrect value, according to new statistics from Ecclesiastical Insurance.
Franks appointed Kiln Group CEO
Charles Franks has been appointed chief executive officer of the Kiln Group, a position he will hold together with his current role of chief executive officer of RJ Kiln and Company.
Munich Re betting on climate change
(BestWire) — Munich Re is betting that climate change will bring into focus a number of risks and openings for underwriting in Asian countries, where the the reinsurer said it is leading projects to deal with coverage of risks from new, complex…
Kiln promotes Charles Franks to chief executive's role
Kiln (UK) Holdings, the holding company of the Kiln Group, said that Charles Franks is to be appointed chief executive of the Kiln Group, a position that he will hold together with his current role of chief executive officer of R J Kiln & Co Limited.
Kiln Asia appoints new political and trade credit risk underwriter
Kiln Asia has appointed Annie Leong as an underwriter of political and trade credit risks.
Ex Zurich boss Winlow joins KPMG
KPMG has appointed Mark Winlow as partner with responsibility for driving the expansion of KPMG’s performance business in general insurance on a pan-European basis.
Cobra explains loss as share price falls 10 pence
Listed broker Cobra this morning reported an loss of £190 000 on revenue of £18.87m for the 15 months ended 31 March 2008. Its pre tax operating profit was £1.77m.
Plumridge returns to personal lines at Cassidy Davies
Cassidy Davis, the specialist personal lines Lloyd’s insurer, has appointed Aidan Plumridge as head of marketing and business development.
Brit adds to PI team
Brit Insurance has appointed Eddie Wattenbach as UK and International professional indemnity underwriter. Based in Brit Insurance’s global markets division, he reports to Ian Noble and takes up his position immediately.
Argo gains Insight
Bermuda-based (re)insurer Argo Group has acquired US professional liability insurer Insight Insuranc...
Damages from Ike and Gustav look set to breach $15bn mark claims Axis
Insured damages from hurricanes Ike and Gustav may hit more than $15bn, said Bermudian (re)insurer A...
AIG
David Bradford on the problems at AIG and the implications of the near-collapse of one of insurance's biggest names
Bermudians bite back over proposed US tax legislation
The US and Bermudian reinsurance markets are about to lock horns again, after Democratic Congressman...
Lloyd's first half results take a tumble to £949m
Lloyd's results for the first half of 2008 halved to £949m for the first six months of 2008 from £1....
This is the story of the hurricane
Hurricanes Gustav and Ike may have been relatively minor compared to Katrina but both left billions of dollars worth of damage in their wake
Transatlantic Re on the chopping block as AIG looks to restructure
AIG's 59% majority stake in US reinsurer Transatlantic Re looks up-for-sale after new chief executiv...
Recruitment moves
AIG has appointed Edward Liddy as chairman and chief executive officer. He comes into the role immed...
Reinsurers reveal Lehman exposure
The well-documented collapse of US investment bank Lehman Brothers, the severe drop-off of AIG's sha...
FSA slams PPI market after mystery shopping excercise
In an update on its thematic review of sale of Payment Protection Insurance the Financial Services Authority has set out that, due to the poor findings from its recent work, it is escalating its regulatory intervention.
Genworth examining strategic alternatives for mortgage insurance division
Genworth Financial, the global financial security company, said it is examining a number of strategic alternatives regarding its US Mortgage Insurance (US MI) business, including a possible spin-off, to determine the optimal course for Genworth, its…