News
Heritage reports bumper year despite Rock loss
Fledgling Lloyd's insurer Heritage has reported bumper 2006 annual profits, with a gross premium inc...
Trend toward global softening to continue, broking giants predict
Leading brokers have predicted that reinsurance lines will remain flat or slip lower throughout the ...
RFIB in private-equity buyout
Lloyd's broker RFIB Group has announced a buyout funded by Fleming Family and Partners' private equi...
Florida businessmen warn of extending Citizens cover
A Florida business lobby group has urged the state's insurers and budget leaders to proceed cautious...
Alea Group accepts £162m Fortress bid
Alea Group, the Bermuda-based insurer that was placed into run-off last year has received an offer f...
Aon Global Risk Consulting launch
Broking giant Aon has formed a dedicated risk-consulting, captive-management and risk-engineering gr...
Lancashire gets new CEO as Brindle takes back seat
Class of 2005 Bermudian (re)insurance start-up, Lancashire has appointed Simon Burton as chief execu...
Bermuda Monetary Authority appoints new CEO
The Bermuda Monetary Authority (BMA) has announced that Matthew Elderfield has been appointed as its...
Brit directors cash in as options mature
Brit Insurance Holdings chief executive Dane Douetil has rounded off the insurer's recent spate of share buy-backs by cashing in a string of personal options netting him more than £300 000.
Policyfast recruits 200 new agencies
Policyfast, the recently launched wholesale broking operation has appointed 200 brokers to its panel of supporting intermediaries.
FSA sets out future of Regulation
The Financial Services Authority (FSA) has published a paper setting out its current thinking on its move towards a more-principles-based regulatory regime.
Lloyd's broker hires senior London figure for development role
Lloyd’s broker Thompson Heath & Bond has appointed Peter English in the new role of Development Director.
THB hires development director
Specialist Lloyd’s broker Thompson Heath & Bond has appointed Peter English in the new role of development director.
Building close to collapse after Manchester fire
A large section of Manchester city centre remained closed off this afternoon after more than 120 firefighters tackled two blazes in commercial buildings. According to BBC news although the initial fire on Dale Street was brought under control, embers…
NIG merges two London offices under one head
NIG has merged its two London offices into a single business headed up by City manager, Julian Rhodes, in effect from today.
Markel replaces contingency underwriter with Sirius hire
Markel International, has appointed of Wayne Paternoster to the role of contingency underwriter in the Specialty underwriting division.
Allianz drops Cornhill
The Cornhill name has finally been consigned to history after the insurer rebranded as Allianz Insurance PLC today.
Ace launches online pollution liability facility
Ace Europe's commercial premises pollution liability product is available online via its fully automated e-commerce platform – Ace Online, the insurer announced today.
Arista expects £1m from taxi scheme with Robert Nott
Arista has launched its first scheme with the development of a tailored taxi product through Robert Nott Insurance Brokers. This move follows the company’s recent launch and the appointment of Simon Henderson as head of schemes.
Former Aon VP joins Oxygen board
Oxygen has announced the appointment of Peter Christie to its board as non-executive director.
GHL begins Zenith name phase-out
Zenith Services UK, the appointed service provider to the Gibraltar based insurers – Link Insurance Company Limited and Zenith Insurance plc – today announced that it is the first Guardian Holdings Limited European operation to adopt the GHL brand. With…
Goshawk shareholder woes to carry on into 2009
Troubled insurer Goshawk has announced a greatly reduced loss for the 2006 year of account with $1m compared to $141m. However the board has declared the company's future is far from certain and it could be two years before shareholders see some kind of…
ABI claims victory on protection insurance regulation
Today’s announcement by the Financial Services Authority that it is to apply the same regulations to the sale of life, critical illness and income protection insurances where there is no investment will benefit many consumers, and older people in…
$600m Pentelia reinsurance venture launched in Bermuda
Bermudian (re)insurance group White Mountains has joined forces with French investment bank NATIXIS to close a new $600m fund behind a new Bermudina reinsurance start-up Pentelia Re.