News
Cobra looks to benefit from Towergate's bid on TBN
Cobra’s value has been underestimated in the context of Towergate’s bid for the Broker Network, according to a report by research firm Fairfax, commissioned by Cobra Holdings.
First female chair for body
Emma Dadson has taken over the chair of the British Damage Management Association.
Hiscox duo join firm ahead of merger
Niche household specialist Plum Underwriting has made two senior appointments in preparation for its planned merger with Oak Underwriting in 2008.
Fortis recruits new personal lines head from Allianz
Fortis UK has appointed Steven Ward as head of pricing.
AIG UK heralds recruitment coup
AIG UK has announced that Thomas Colraine and Anthony Hope have been appointed as non executive directors, joining the existing non executive director, Martin Bowers.
FSA plans labelled "disgrace" by broker body
In its response to the HM Treasury discussion paper, Banking Reform Protecting Depositors, the Instuitute of Insurance Brokers has called for a complete review of the Financial Services Compensation Scheme.
Insurers announce plans for merger
Private medical insurer Exeter Friendly Society and income protection specialist Pioneer Friendly Society today announced that they have agreed ‘transfer of engagement’ terms which, subject to membership and regulatory approval, will lead to the creation…
Biba renews loss recovery scheme
The British Insurance Brokers’ Association has renewed its Loss Recovery insurance scheme contract with claims service advocate Lorega for another three years.
Catlin in $75m sub-prime write down
Specialist (re)insurer Catlin expects to take a total charge of $75m during 2007 against the value o...
Scor securitises EUR160m with Atlas IV Cat bond
European reinsurer Scor has securitised EUR160m ($235m) of European windstorm and Japanese earthquak...
Marsh scoops new boss from AIG UK
Marsh has appointed Daniel Glaser as its new chairman and chief executive to replace Brian Storms wh...
Brit renews Augsburg aviation cover
UK (re)insurer Brit has renewed its binding authority with Augsburg Re, effective 1 January 2008. Th...
Oxfam: Disasters have quadrupled
Natural disasters have quadrupled over the last two decades, from an average of 120 a year in the ea...
Scottish Re faces claim from investors
Troubled life reinsurer Scottish Re has revealed accounting errors that have given rise to a written...
PWS boss hails THB tie up
The boss of Lloyd's broker PWS has hailed a possible merger of his firm and specialist London market...
Island breaks into 'niche' reinsurance
Guernsey is promoting itself as an alternative to Bermuda as a top financial centre for the 'niche' ...
NAIC proposes single-state regulation
The National Association of Insurance Commissioners (NAIC) has released a proposal to modernise rein...
China growth - Lloyd's China report
A new report into China's insurance market predicts that liability insurance will be a growth area a...
Lloyd's insurer set to redomicile
Lloyd's insurer Hardy has announced plans to redomicile in Bermuda. Hardy said it would benefit from...
Natural catastrophes - Earthquake triggers Caribbean Cat fund
A 7.4 magnitude earthquake that rocked the Caribbean on 29 November 2007 has triggered a state-backe...
US terror backstop - US government faces TRIA deadline
Members of the House of Representatives and the Senate are still battling to agree on a new version ...
$150m Lloyd's syndicate launches
A new £75m ($150m) stamp capacity Lloyd's (re)insurer, Barbican syndicate 1955, has been launched wi...
Ping An: 4.18% stake in Fortis
Chinese life insurer Ping An Life has taken a 4.18% stake in European insurance giant Fortis, making...
Sub-prime fallout
Swiss Re and XL stocks marked down as sub-prime price fears take toll