News
Travelers creates new underwriting chief role
Travelers Insurance has named Paul Cusition as chief underwriting officer for its international operations.
Ace extends into Lloyd's
Ace is writing the company's portfolio of environmental liability products at Lloyd's.
Transatlantic FY net income drops 79%; shares tumble
Transatlantic Holdings, the US reinsurer, reported a 79% drop in net income for 2008, after catastrophe losses and lower investment income heavily impacted the company's bottom line.
SMEs increasingly looking for professional advice
A survey of small to medium-sized enterprises (SME), conducted by QBE, has found that the sector is increasingly looking for professional advice when it comes to securing insurance cover.
Arch hikes estimates for Ike losses by $160m
Arch Capital, the Bermudian (re)insurer, said that it expects to report after-tax operating income available for common shareholders in the range of $75-90 million for the 2008 fourth quarter.
GAB Robins to handle major £15m blaze claim
GAB Robins has been appointed to handle claims estimated to be in excess of £15m following a major fire at historic building Raasay House on the Isle of Raasay near the Isle of Skye.
State Farm to stop writing Florida property risks
State Farm Florida, the Florida business of US insurance giant State farm, said that it plans to discontinue its Florida property insurance product lines.
Cadogan Hanover Park expands film and media cover
Barbon-owned Cadogan Hanover Park has expanded its film and media insurance offering to include post-production indemnity.
Allstate's immediate issue is capital adequacy, says analysts
US insurance giant Allstate may be struggling with capital adequacy, a senior Wall Street analyst has said.
CC clamps down on PPI sales
The Competition Commission has published its final report into the payment protection insurance market, setting out the measures it has decided are needed to introduce competition between suppliers.
GHL announce share repurchase
Guardian Holdings has given notice of its intention to repurchase up to 4% of its issued ordinary shares through a normal course issuer bid" undertaken in accordance with the rules and policies of the Trinidad and Tobago Stock Exchange and the guidelines…
Allstate posts $1.1bn fourth quarter loss; says to cut 1,000 jobs
Allstate,US insurance giant reported a net loss of over $1.1bn in the fourth quarter of the year, thanks to investment writedowns and catastrophe losses.
Allianz graduate programme benefits from banking crisis
In spite of a reported crisis in the number of graduate training places within financial services, A...
CII to offer helping job hand
The Chartered Insurance Institute has published a comprehensive guide to help employees cope with th...
Managers feeling fatalistic about redundancy threat
Managers in the insurance industry now see redundancy as "inevitable", according to the Chartered Ma...
THB makes £4.6m profit
Lloyd's broker THB has reported turnover of £51.9m and an underlying trading profit £4.6m for the 18...
Bankstone appointment
Outsourced claims provider Bankstone has appointed Steve Halliday as national sales manager. Mr Hall...
Appointment at Barbon
Barbon Insurance Group has appointed Ian Fraser as managing director for its Letsure division. Mr ...
Appointment at Towergate
Towergate has made a number of appointments to its retail division in the south of England. Joe The...
21 April is Race Day
Post is once again happy to co-host The Insurance Race Day, which is due to take place on 21 April 2...
Heath Lambert predicts hardening attitudes
Heath Lambert has warned that financial pressures will force insurers to take a tougher view of busi...
Novae eyes Chaucer
Lloyd's insurer Novae confirmed on Tuesday that it had made an approach to the chairman of rival Cha...
GAB Robins UK looks to the future after MBO
GAB Robins' UK management team was poised to complete a management buyout as Post went to press. ...
Imas predicts foreign interest in brokers
Interest in London market brokers from foreign buyers has increased due to the depreciated value of ...