News
CCR hails rebalancing of book
French state-backed catastrophe reinsurer CCR has unveiled 2007 results that saw it hit its target of reducing open market business to a third of its book.
Greenlight Re Q1 net loss improves 63%
Greenlight Capital Re, the Cayman Islands-registered (re)insurer, said that it had reduced net loss to $4.8m from $13.1m a year before.
Greenberg blasts AIG performance in board letter
AIG are a company in “crisis”, according to its former chief executive, Hank Greenberg.
Brit appoints Turner as active underwriter of Syndicate 2987
Brit Insurance Holdings has appointed Jonathan Turner as active underwriter of Syndicate 2987.
Businesses must face up to liability challenge warns Lloyd's
Businesses could be facing a future liability crisis if they do not face up to growing litigation issues Lloyd's warned today.
Sub-prime claims still within expectations - Lord Levene
Lloyd’s chairman Lord Levene reiterated that that claims emerging from the US sub-prime mortgage disaster is still within expectations.
Heath Lambert continues Sheffield expansion
Heath Lambert Group has moved to new premises in Sheffield to make room for further expansion.
Oval confirms Aberdeen acquisition
Oval has confirmed it has acquired Aberdeen insurance broker Independent Insurance Brokers, as reported in Post last week (Post, 8 May, p2).
Marsh appoints construction PI leader
Marsh has appointed Martin Stubbs as a senior vice president for construction professional indemnity within its financial and professional services (Finpro) practice in London.
Brit Insurance appoints active underwriter
Brit Insurance Holdings has appointed Jonathan Turner as active underwriter of Syndicate 2987.
Swiss Re and First American launch US flood model
Swiss Re has joined forces with US business information provider First American to launch a flood catastrophe model.
BIBA 2008 video - Industry leaders comment on the industry
Insurance industry leaders talked to Post's Alwynne Gwilt at this year's BIBA conference in Glasgow on their thoughts about where the industry is headed over the next 12 months - from commission disclosure to the major issues facing brokers opinions…
RMS: High number of insurance claims expected from China quake
Risk modeller RMS has said that it expects a large number of insurance claims to arise from the strong magnitude 7.8 earthquake that struck Eastern Sichuan Province, China, today 12th May.
Select and Protect enters debt management market
Select and Protect has signed an exclusive deal with free debt solutions provider Payplan to offer its customers its range of general insurance products.
Gable enters new markets as it moves into profit
Specialist construction insurer Gable has recorded a profit of £0.51m (2006: £0.25m loss) on gross written premium of £6m (2006: £6.2m) for year ended 31 December 2007.
Allianz reports dip in profits
Allianz has revealed its results for the first quarter of 2008, with profit before tax falling 13% to £42.3m on the same period last year.
ABI announces full line up of speakers for its 2008 SOLVENCY II conference
The ABI (Association of British Insurers) has confirmed the full line up of speakers for its 2008 Solvency II Conference, ‘Shaping World Class Regulation’, held in association with Towers Perrin. It will take place on 10 June at the Marriott, Grosvenor…
Asia Capital Re in $300m retakaful launch
Asian reinsurance start-up ACR Capital Holdings (ACR) has announced an agreement with Malaysian national investment company Khazanah Nasiona, and Dubai Banking Group, to set up a retakaful company.
Failure to embrace rehab costing industry £610m, claims report
Continuing failure to break down the barriers to effective rehabilitation of employees is costing Britain’s manufacturers up to £610m a year according to a new report on sickness absence published today.
Arachas launches income protection cover for UK rugby players
A bespoke income protection insurance for professional rugby players in the UK has been launched by Arachas, Ireland’s largest independent insurance and risk brokerage, and the primary force behind the consolidation of the Republic’s brokerage market…
Select and Protect make GI in-roads into Debt Management market
As part of its growing strategy into new markets, Select and Protect has signed an exclusive deal with free debt solutions provider Payplan to offer their customers it’s range of general insurance products.
EU and US trade bodies call for transatlantic free market
Trade bodies, the European Insurance and Reinsurance federation (CEA) and the American Council of Life Insurers have issued a joint call for a bilateral US and EU forum on insurance and reinsurance issues.
Lane Clark and Peacock establishes office in Ireland
Lane Clark and Peacock has announced a further stage in its international expansion following a merger with HLD Actuarial Consultants to create Lane Clark and Peacock Ireland.
JLT Re poaches senior execs from rivals
Broker JLT Re has four senior appointments in its non-marine and aviation reinsurance divisions from rivals, Aon Re, Cooper Gay and Willis Re.