News
Marsh scoops new boss from AIG UK
Marsh has appointed Daniel Glaser as its new chairman and chief executive to replace Brian Storms wh...
Brit renews Augsburg aviation cover
UK (re)insurer Brit has renewed its binding authority with Augsburg Re, effective 1 January 2008. Th...
Oxfam: Disasters have quadrupled
Natural disasters have quadrupled over the last two decades, from an average of 120 a year in the ea...
Scottish Re faces claim from investors
Troubled life reinsurer Scottish Re has revealed accounting errors that have given rise to a written...
PWS boss hails THB tie up
The boss of Lloyd's broker PWS has hailed a possible merger of his firm and specialist London market...
Island breaks into 'niche' reinsurance
Guernsey is promoting itself as an alternative to Bermuda as a top financial centre for the 'niche' ...
NAIC proposes single-state regulation
The National Association of Insurance Commissioners (NAIC) has released a proposal to modernise rein...
China growth - Lloyd's China report
A new report into China's insurance market predicts that liability insurance will be a growth area a...
Lloyd's insurer set to redomicile
Lloyd's insurer Hardy has announced plans to redomicile in Bermuda. Hardy said it would benefit from...
Natural catastrophes - Earthquake triggers Caribbean Cat fund
A 7.4 magnitude earthquake that rocked the Caribbean on 29 November 2007 has triggered a state-backe...
US terror backstop - US government faces TRIA deadline
Members of the House of Representatives and the Senate are still battling to agree on a new version ...
$150m Lloyd's syndicate launches
A new £75m ($150m) stamp capacity Lloyd's (re)insurer, Barbican syndicate 1955, has been launched wi...
Ping An: 4.18% stake in Fortis
Chinese life insurer Ping An Life has taken a 4.18% stake in European insurance giant Fortis, making...
Sub-prime fallout
Swiss Re and XL stocks marked down as sub-prime price fears take toll
AIR: Chile quake less than $80m
Insured losses from the earthquake that struck the coast of Chile on 14 November are unlikely to exc...
ABI demands 25-year flood plan
The Association of British Insurers has called on the UK government to develop a 25-year strategy to...
PA spiral claims - Willis discloses spiral dispute with Assurant subsidiary
Global broker Willis has disclosed that it is involved in a reinsurance dispute with a subsidiary of...
Brit reloads $100m Norton retro vehicle
Specialist (re)insurer Brit has signed contracts for the launch of Norton Re II Insurance Limited, a...
Cyclone Sidr kills thousands
Winds of 150mph have killed more than 3000 people and destroyed and damaged more than a million home...
Algerian oil giant forms captive
Algeria's state-run oil company Sonatrach is setting up a captive reinsurance company in Luxemburg. ...
Lockton in Aon and Willis swoop
Lockton has formed a new facultative reinsurance property team in London headed by David Cousar, who...
AIG gets nod for new UK insurance company
After the successful completion of a lengthy transfer process involving permission from the High Court and notification to millions of policy holders, it was announced today that a new name has been created in the general insurance industry.
Earthquake triggers Caribbean Cat fund
A 7.4 magnitude earthquake that rocked the Caribbean yesterday (29 November 2007) is expected to trigger a state-backed catastrophe fund for the first time.
Broker sets sights on £200m as it unveils two deals
CCV has announced two further acquisitions.