News
Chaucer raises capital
Chaucer, the Lloyd's insurer, has confirmed that it is looking to raise £75m via a share placing. Th...
Airmic report to rebuild claims from ground up
A long-awaited best practice guide that could raise the bar in terms of insurance companies' claims ...
Torus offers £35m EL
Torus Insurance is offering up to $50m (£35m) excess liability capacity that can be accessed through...
Mitsui's Guest to retire
Allan Guest, pictured, chief executive officer of Mitsui Sumitomo Insurance (London Management), is ...
JLT hires Bear from Aon
Jardine Lloyd Thompson has built on its specialised industry practices with the recruitment of Andy ...
Jelf not interested in any deals, says CEO
Jelf's revenues increased 59% to £63.1m (2007: £39.7m) for the year ended 30 September 2008, driven ...
Appointment at Barrie & Hibbert
Barrie & Hibbert has recruited Phil Mowbray as head of product risk. He will help to deal with the...
Post pick of the week
Post reporter Louise Meeson rounds up the top stories from the general insurance sector. This week: Lockton International has been awarded more than £250 000 in damages and costs after rival Bristol-based broker Ntegrity Insurance Solutions unlawfully…
HSBC manager joins Barbon
Barbon Insurance Group has a full senior management team in place following the appointment of Kate Coulson as compliance director.
Mapfre FY profits up 23%
Mapfre, the Spanish (re)insurer, gave a boost to investors when it said that full year profits rose over 23% to €900.7m.
Insurers back Lockton risk management tools
Cyber insurance underwriters Ace, Hiscox and Brit are backing a set of risk management services launched by Lockton aimed at helping companies build response plans to deal with data breaches before they occur.
AIG should rebuild rather than sell assets - Greenberg
AIG should try and rebuild itself rather than sell off its assets, said former CEO and architect Hank Greenberg in an interview with CNBC .
FSA strips trading permission from Warwick Finance
The Financial Services Authority (FSA) has withdrawn the permission of Leicestershire based insurance and mortgage broker Aaron Nickols, trading as Warwick Finance, to prevent it from conducting any regulated activities.
Groupama makes key regional hire
Groupama Insurances has appointed Louise Welsh as key account manager for the North East region.
Theft claims set to double in 2009, warns Hiscox
Theft claims could double by end of 2009 due to the recession, according to Hiscox.
Cat bonds hold steady amid market turbulence - Guy Carpenter
Catastrophe bonds withstood the impact of onerous market forces in 2008, brought on by turmoil in the global capital markets, according to a new briefing on catastrophe bond market activity published by reinsurance broker Guy Carpenter & Company and GC…
RSA plans €70m swoop for insurer
RSA this morning announced plans to acquire the remaining 50% of its joint venture in Central & Eastern Europe.
CNA looks to Swiss Re for casualty manager
CNA Insurance has appointed Mark Figes as casualty manager. In his new role he will be charged with responsibility for the management and development of CNA Europe's casualty portfolio, with particular emphasis on expansion in continental Europe and the…
Sentencing for former Gen Re CFO moved to 2 April
(BestWire) - With two of her co-defendants already sentenced, the date on which Elizabeth Monrad, former chief financial officer of General Reinsurance Corp., will receive her punishment has been moved to 2 April.
Ace FY net income more than halves on investment losses
Ace,the Switzerland-domiciled (re)insurer, said that full-year net income more than halved after heavy investment losses.
Munich Re FY profit more than halves; shares off nearly 3%
Munich Re, the German (re)insurance giant, said that its full-year consolidated profiit more than halved over the course of 2008, dropping to €1,5bn from €3.9bn a year earlier.
Hastings Direct completes management buyout
The management buyout from parent IAG of Hastings Direct, Advantage and its associated brands has received regulatory approval.
Insurer sets up inhouse fraud team and joins IFB
Motor insurer Zenith Insurance has established a specialist in-house fraud and investigations team to crack down on motor fraud.
Pick of the week
Post reporter Louise Meeson rounds up the top stories from the general insurance sector. This week: L...