News
Guardian Zenith swoop creates Gibraltar giant
Guardian General is set to become the largest insurance company in Gibraltar with a 20% market share...
Review sees insurers back "zero day" grace period
Insurers are warning that the removal of the temporary cover given once motor policies have lapsed i...
Appointment at Aspen Insurance
As a result of the expansion of Aspen's Bermuda business, James Few has been appointed chief underwr...
Norwich Union pledges money to charity
Norwich Union has pledged £200,000 to the Personal Finance Education Group, a charity that was set u...
Staff cuts hit Ireland
Irish insurers are blaming legislative changes and court reform for their decisions to cut workforce...
Landmark asbestos case to reopen old PL wounds
Insurers may be forced to reopen closed public liability books to pay for old policies following a l...
Markel International appoints claims manager
Markel International has appointed Tony Curtin as claims manager for specialty, property and casualt...
Group of insurers urges repair industry to recycle parts
A group of insurers is urging the insurance and vehicle repair industry to use recycled parts. The g...
First Assist founder to leave company
First Assist co-founder Steve Wood is set to leave the company on 31 October, with chief executive a...
Allianz sells majority of its Canadian business
Allianz has sold the majority of its Canadian general insurance business to Dutch competitor, ING. T...
Inconsistencies in broker IT systems
Inconsistencies in broker IT systems could jeopardise potential management buyouts and mergers, acco...
Insurance 4 U
Carphone Warehouse subsidiary and Irish underwriter New Technology Insurance has announced plans to ...
Appointment at BDML Connect
BDML Connect has promoted Mark Townsend to the role of chief operating officer and he will become a ...
RSA fishes for $150m market
Royal and Sun Alliance has revealed plans to become a market leader in the fish farming industry wit...
Helphire in £46m Albany deal
The Helphire Group has bought Albany RTA and Albany Group Holdings for £45.8m, acquiring over 1.5m l...
Appointment at Alexander Forbes
Jannie Durand has been appointed a non-executive director to the board of Alexander Forbes. He is cu...
Appointment at Towry Law
Stuart Clarke joins Towry Law Professions this month from Aon. His previous positions have included ...
Alastair Whiteside rejoins Capita Insurance Services
Alastair Whiteside has rejoined Capita Insurance Services from Grant Thornton where he has been clai...
The Folgate Partnership confirms purchase
The Folgate Partnership has confirmed its purchase of Lloyd's broker Sterling Hamilton Wright earlie...
Nikko set Goshawk deadline
Nikko Principle Investment has been set a deadline of 12 noon on 23 November to make an offer for reinsurer Goshawk.
Converium sees almost 100% take up on shares
Converium says that close to 100% of purchase rights were exercised in its CHF 533 million capital increase (approximately US$420 million).
Lloyd's looks to raise £500m in debt issue
Lloyd’s is to make its debut in the international debt markets, raising approximately £500m of long-term subordinated debt .
Cat losses will increase Ace COR by up to 6%
Ace has estimated its total net catastrophe-related losses during the third quarter will be approximately $480m (£267m) before tax. This will increase the insurer's annual combined ratio from an estimated 88-90%, to between 93-94%.
Tiner to welcome new regime at Parliamentary reception
John Tiner, chief executive of the Financial Services Authority is due to speak to the Post Magazine supported All Party Parliamentary Group for Insurance and Financial Services this afternoon, to welcome the introduction of statutory regulation of…