News
Howden to open new UK offices in £100m drive
The parent group of Lloyd's broker Howden plans to achieve £100m in brokerage over the next five yea...
Events
6 March - Insurance Institute of London Lunchtime Lectures - Accelerated learning and memory techniq...
What the papers said this week
The Daily Telegraph Thomas Suozzi, a politician from Nassau County, is to fight Eliot Spitzer, New ...
Hiscox reviews PI cover
Hiscox has admitted fears of a rise in mis-selling claims has forced a review of its professional in...
Fitch Ratings withdraws rating
Fitch Ratings has affirmed UK-based Independent Insurance Company 'DD' Insurer Financial Strength ra...
Zurich unveils new advertising campaign
Zurich has launched its new advertising campaign in the UK. A TV ad goes live today.
RenRe makes another internal promotion
Bermudian reinsurer RenaissanceRe. Has announced that vice president and controller Mark Wilcox has been promoted to Senior Vice President and Chief Accounting Officer, effective immediately. He will continue to report to John M. Lummis, COO and CFO.
Ingham's founding directors set to retire
Ingham Underwriting has announced the retirement of its founding directors.
Smart & Cook buys Berry Birch & Noble for £4.5m
Harrogate-based brokerage Smart & Cook has purchased Kent broker Berry Birch & Noble for £4.5m.
HBOS GI profits rise 13%
Halifax General Insurance's premium income increased by 14% to £1,977m with strong growth from third party repayment insurance. Profit before tax increased by 13% to £254m.
Former Aviva boss takes up new role
CMGL, the provider of claims management and insurance services, is has appointed Cees Schrauwers as non-executive Chairman.
Quinn Direct profits up
Quinn-direct Insurance, the Irish insurance company, has announced it made a Pre-Tax Profit of £158m in 2005.
Groupama healthcare relaunches after acquisition
Following the acquisition of specialist health insurer Clinicare Limited from Groupe AZUR-GMF in October 2005, Groupama Insurances has now completed the first phase of the integration of its two healthcare businesses.
Moody’s downgrades PXRE again, watch still negative
Moody's has lowered the insurance financial strength rating of Bermudian Cat reinsurer PXRE to Baa3 from Baa2 and the debt rating of PXRE Capital Trust I to B3 from B1. The ratings remain on review for possible further downgrade.
Lloyd’s honours US brokers
Lloyd’s has honoured two US brokers for their outstanding contribution to the Lloyd’s market at the 5th annual Lloyd’s US Broker Awards. Garry Edwards of Hilb Rogal & Hobbs was named US Surplus Lines Broker of the Year and William H. Eyre, Jr. of Towers…
Starr Tech signs deal with AceUSA and Berkshire Hathaway
Starr Technical Risks Agency has announced that it is to offer commercial insurance coverage from Ace USA and Berkshire Hathaway Group.
Everest $218m into red in 2005
Hurricanes and 12.3% premium drop plunge
Advent sees US property/catastrophe rates double
In a bullish trading statement, Lloyd's property/catastrophe specialist Advent has pointed to rate i...
PartnerRe takes $900m 2005 catastrophe losses in its stride
Bermudian (re)insurer PartnerRe has reported an operating loss of $242.6m for the year ended 31 Dece...
Ace survives 2005 with healthy profit
Ace has posted a profit of $1bn in net income for the year 2005, despite the fact that it was hit by...
Marsh launches avian flu survey
Broker Marsh and its sister company Kroll, the risk-consulting company, has launched an online globa...
Lloyd's pulls plug on multi-million Kinnect deal
Lloyd's has decided to withdraw funding for the Kinnect programme after a review.In a statement, the...
Gallagher hit by continued contingent commission issues
Brokerage company Arthur J Gallagher has seen its profits slump over 2005 in the wake of the backlas...
Validus Re hits the ground running
New Bermudian reinsurer Validus Re has announced that it has bound business representing gross writt...