News
D&O jumping 40% claims Iron Pro
Directors' and officers' insurance rates are jumping more than 40%, due to the sub-prime credit disa...
Earnings are set to fall by 2% claims Fitch
Reinsurance earnings will fall 2% over the course of 2008, as the catastrophe hits and lowering rein...
Premiums up 51.6% for China insurers
Chinese insurers racked up a 51.6% gain in aggregate premiums for the first quarter of 2008, with li...
Takaful contribitions to grow at 20%
Takaful contributions globally will rise to more than $4.3bn in 2010 and the 20% annual growth rate ...
OCIL to cede $50m loss to Avalon Re
Bermuda-based oil industry mutual Oil Casualty Insurance (OCIL) is to cede $50m of losses to its Ava...
Flagstone Re to buy 29.9% of Alliance Re
Flagstone Re has said that it has agreed to buy up to 29.9% of Cyprus-domiciled specialist property ...
US P&C has another solid year in 2007
A strong fourth quarter capped another solid year for the US property and casualty industry, but yea...
Meritz Fire ready for hostile takeover
South Korea's Meritz Fire and Marine Insurance is looking to acquire another nonlife insurer, First ...
Subprime cases surge in first quarter
Navigant Consulting has said the number of subprime-related cases filed in federal courts surged in ...
Space claims set to reach $835m
Space claims are estimated to reach $835m for 2007, prompting insurers to re-assess their premium ra...
US property and casualty Cat losses hit $3.5bn for Q1
US property and casualty insurers are expected to pay out nearly $3.5bn for first quarter losses fol...
Chartwell Group launches healthcare
Chartwell Group, the Independent Financial Advisor and broker firm, has launched of Chartwell Healthcare.
ABI calls for action on surface water floods
The Association of British Insurers has called for action to reduce the growing problem of surface water flooding.
AIG UK recruits for its Private Client Group
AIG UK has appointed Charl Bouwer to its Private Client Group as development underwriter.
Post Pick of the Week
Post online and supplements editor Stephanie Denton looks at the week's major general insurance news including the news intermediaries are up in arms over AIG blacklisting Cuba for travelers; Towergate back on the acquisition trail after Candover and…
Novae launches new D&O cover to coincide with changes in law
Novae has launched a new directors’ and officers’ liability policy to coincide with changes in the law relating to deaths in the workplace.
Novae Insurance appoints motor underwriter
Novae Insurance Company has appointed Andy Chesters as unit head of its new motor fleet division.
Airmic launches benchmarking survey
The Association of Insurance and Risk Managers and Advisen, a provider of benchmarking services, have launched a new initiative to provide programme benchmarking to buyers of insurance in the UK.
Aon’s Bill Gloyn to chair City Property Association
Aon's chairman of real estate Europe in Aon’s mergers and acquisitions Group, Bill Gloyn, has become the first insurance professional to be elected as president of the City Property Association.
Market volatility hammers Ace's Q1 net income
Ace, the Bermudian (re)insurer, reported a 46% drop in net income due to credit market volatility.
Arc Legal Assistance extends tenant scheme
Arc Legal Assistance has extended its contract to provide professional fees cover to Mydeposits, formally known as Tenancy Deposit Solutions, following the success of the scheme set up as a result of government legislation to protect tenants in dispute…
Tornadoes hit Virginia, US
According to catastrophe risk modeling firm AIR Worldwide, three tornadoes carved a 25-mile track of destruction through southeastern Virginia yesterday, gutting homes, tossing cars, and injuring more than 200 local residents.
RenRe Q1 net income drops 28%
RenaissanceRe, the Bermudian (re)insurer, reported that net income fell 28% to $137.2m in the first quarter of 2008, down from $190.8m in the same quarter of 2007.
JLT Q1 investment income hit by US rates
Jardine Lloyd Thompson has admitted US interest rates will have a negative impact on its investment portfolio in 2008.