News
Beazley raises capital, makes acquisition
Beazley became the latest Lloyd's (re)insurer to raise capital when it proposed to raise £150m from the markets.
MI Adjusting buys DMS
MI Adjusting has acquired Dispute Mediation Services a national mediation company.
Unum announces new improvements to group IP products
Unum has introduced a range of improvements to its group income protection (IP) products. The changes cover both policy conditions and pricing and are designed to help policyholders manage their costs at the same time as extending the appeal of the…
Friends Provident announces next online seminar
Friends Provident is inviting advisers to register for the next online seminar, which will take place at 10 am on Tuesday 24 February. The title of the latest online seminar is 'Selling Protection effectively - going back to basics.'
HSBC launch broker platform
Following launch on the HSBC Platform 24 broker platform, over 400 brokers have signed up for access to the product.
Zurich takes senior casualty manager from Ace
Zurich said that it has appointed Brad Gow to head the Specialty Errors & Omissions (E&O) group of its Specialties business unit.
Investment losses send Arig to FY loss
The dramatic decline in the global equity markets triggered a revaluation in the invested assets held by the Arab Insurance Group (Arig) and produced a net loss of $28.6m for the 2008 financial year, down from a net profit of $23.7m in 2007.
AIG division to be investigated by Serious Fraud Office
The UK's Serious Fraud Office said that it is investigating the UK business operations of AIG's Financial Products division.
QBE confirms it will take 30 staff with Endurance swoop
QBE European today confirmed Post's exclusive that it has acquired the renewal rights to the portfolio of industrial and commercial property business which Endurance Specialty Holdings operating subsidiary, Endurance Worldwide Insurance Limited,…
Crisis management product launched
Arnold Fisher has introduced crisis management and crisis public relations protection as an add-on to their tour operator liability and travel agents insurance products.
Swiss Re shares up 5% after new of CEO replacement
Swiss Re shares were up in midmorning trading today, rising 5%, after news that it had replaced its chief executive, Jacques Aigrain.
Everest Re reports nearly $700m of investment losses
Everest Re stumbled to a loss in 2008 after nearly $700m of investment losses pounded its bottom line.
Ren Re FY net income slides
RenaissanceRe, the Bermudian (re)insurer said that net income for the year slid to $29m from $612m in 2007, due to heavy investment and catastrophe losses.
Alec Finch steps down two years after Verlingue deal
The founder of Manchester broker Alec Finch has stepped down from the business two years after it was acquired by French broker Verlingue.
Arista grows in the South West
Underwriter Arista has increased its underwriting resource in Bristol with the appointment of Nigel Johnstone and Rosie Sadler to cater for the growing demand from its South West based brokers.
Oval develops FS facility
Oval has launched a new strategy to strengthen the broker's financial services provision by introducing a new service for clients that splits the advice process from investment and reduce risk to client's capital in 2009.
Brit creates new position in investments and treasury
Brit Insurance Holdings has appointed Sean McGeary to the newly-created role of director of investments and treasury. Reporting to Brit Insurance group finance director Matthew Scales, he takes up his new position immediately.
Broker body employs first general secretary
The Association of Medical Insurance Intermediaries has appointed Michael Payne as its first general secretary charged with helping the body manage the increasing number of projects in progress and in the pipeline, discharge the duties delegated to him…
Catlin FY profits drop over $500m
Catlin reported a full-year drop in profit $500m, after investment and catastrophe losses hammered profits at the Lloyd's (re)insurer.
Willis refinances loan deal; suspends future forecasts
Willis said that it has refinanced its current loan and has suspended its future forecasts.
Catlin in $200m rights issue
Catlin, the Lloyd's reinsurer, said that it is looking to raise $200m in a fully underwritten rights issue in an effort to take advantage of the hardening reinsurance market.
Swiss Re CEO Aigrain out
Swiss Re has replaced its chief executive Jacques Aigrain amid heavy investment losses and a dwindling share price.
Elmfield's CII accreditation opens apprenticeship doors
Training provider Elmfield has been accredited by the Chartered Insurance Institute, enabling it to ...
Time to test yourself
A selection of topical questions from the question banks of ed.learn - the CII's online training resource