News
Hannover in highly leveraged Florida Cat sidecar deal
Hannover Re has sponsored Globe Re, a 1-year sidecar to write a portfolio of US property Cat retrocession. Globe Re will be highly leveraged, capitalised with only $33m of equity and $100m of debt securities.
Crawford strengthens its global account management team
Crawford and Company has appointed Michael La-Band as a new member of its global account management team based at its Lloyd’s of London office.
Another company pulls out of RBSI bidding
Chinese insurance company Ping An has become the latest name to withdraw itself from the bidding for Royal Bank of Scotland Insurance, according to reports.
AIG focuses on fighting fraud
AIG UK has appointed Glen Marr to a new role as the vice president of the company's financial crime unit.
CII generates industry debate
The Chartered Insurance Institute Group has published the first in a new series of opinion papers written by industry experts.
RSA agrees wholesale high net worth deal
RSA has agreed a wholesale arrangement for mid and high net worth products with specialist broker Smith Greenfield.
Groupama boosts HR team
Groupama Insurances strengthens its human resources team with the appointment of a new recruit.
New chairman appointed to FSA
The Chancellor has announced the appointment of Lord Adair Turner as chairman of the Financial Services Authority for a period of five years.
NU highlights fork lift dangers
Almost a quarter of all workplace transport incidents involve forklift trucks according to Norwich Union which is launching a new Simply Safety campaign.
IPCRe interested in Lloyd’s platform – CEO
IPCRe, the Bermudian reinsurer, has said that it is interested in buying or setting up a Lloyd’s platform, Reinsurance can reveal.
Guy Carpenter Fac hires Morement to be Asia Pacific leader
Guy Carpenter, the reinsurance broking arm of Marsh and McLennan, has appointed Luc Morement as leader of GC Fac Asia Pacific, supported by Marcus Davies as deputy leader.
FSA updates market on travel insurance
The Financial Services Authority today told companies looking to sell travel insurance to apply early ahead of its new regulatory regime.
FSA sets final rules for combined travel insurance
The Financial Services Authority (FSA) has published a policy statement setting out the final rules for regulating travel insurance sold alongside a holiday – known as connected travel insurance (CTI). This is mainly sold by travel firms and holiday…
Insured losses from Colorado tornado expected to be $147m - report
BESTWIRE --- Colorado insurers can expect up to $147m in insured losses from a tornado and hail on May 22, which would rank the storm fourth among the state's costliest insured disasters.
QBE signs six year contract with Network Rail
Network Rail has signed a six year contract with QBE.
Binning returns to GAB Robins
GAB Robins has appointed of Robert Binning as director of its major and complex loss service line in the UK.
Florida P&C pricing expected to be down 15% - Guy Carpenter
Florida property catastrophe pricing is expected to decline by about 15% at the June 1 renewals, according to a report by Guy Carpenter, the reinsurance broking arm of Marsh & McLennan.
The great white hoop
Interview, Bryan Kelly
Pick of the Week
Post editor Jonathan Swift and online and supplements editor Stephanie Denton look at the week's majo...
Appointment at Centor
Specialist insurance and risk management broker Centor has appointed Chris Tebbit to broking directo...
Direct Fleet rolls out free claims portal
Online insurance platform Direct Fleet Insurance has launched a free claim and accident handling ser...
Brokers lobby Parliament to oppose disclosure talk
Leading figures in the UK broking market took their case against mandatory commission disclosure to ...
Appointment at Ejssearch
Ejssearch has appointed Peter Le Beau as an advisory board member. Mr Le Beau began his career at Co...
Heath expands team
Heath Lambert's new commercial affinity and select business division has appointed Richard Woodall a...