News
PXRE wins back rating as Peleus Re gets an A-
Rating agency AM Best has assigned a financial strength rating of A- to Bermudian start-up reinsurer Peleus Re following the announcement of its foundation through the merger of US Argonaut and PXRE Group.
FSA to impose PPI sales rules
The regulator has revealed it intends to set some specific requirements in respect of high risk payment protection insurance sales.
Report highlights nimble brokers growing fast
A group of lean, fit and relatively small companies are taking the insurance brokers industry by storm and showing the bigger players how it’s done.
Ernst & Young partners with the CII
In a new collaboration announced today, Ernst & Young and the Chartered Insurance Institute (CII) will be working together to share knowledge, deliver training and develop joint thought leadership for members of the CII Faculty of Underwriting.
PXRE move wins Argonaut negative outlook from S&P
Standard & Poor's has revised its outlook on US Specialty insurer, Argonaut Group's rated operating subsidiaries to negative from stable.
Hannover to reinvest €600m in core reinsurance business
Global reinsurer Hannover Re has unveiled bumper results for 2006, posting a net profit of €514.4m on the back of net earned premium of €7bn and a non-life Property Casualty combined ratio of 98.4%. The results produced a return on Equity of 18.7%.
Exclusive: FSA offers brokers Goodwill lifeline
Brokers have been granted a welcome reprieve in their efforts to negotiate the end of the grace period for listing Goodwill as an asset, writes Martin Friel from Insurance Age.
Argonaut reverses into PXRE’s Bermudian shell
Texan specialty insurer Argonaut and troubled Bermudian reinsurer PXRE have announced they are to merge to form the Argo Group in a move that will see the Texan holding company redomicile to Bermuda and capitalise a reinsurer to be called Peleus Re.
The lure of Lloyd's
Lloyd's graduates
Post launches climate change campaign
Post has this week launched a campaign to encourage the insurance industry - from insurance companies through to brokers and suppliers - to fight climate change and embrace the drive to make their businesses, their staff and their customers, carbon…
Appointment at Bright Grey
Bright Grey, the protection specialist arm of Royal London Group, has appointed Jerry Bayman as sale...
Midwife PI insurance will require external funding
The government will need to provide state or private funding to cover independent midwives, or hundr...
Ryan rolls out corporate trading team
East Anglian broker Ryan Insurance has responded to the demands of its larger commercial customers b...
What the papers said this week
The Independent Beverley Charman, ex-wife of the insurance magnate John Charman, was threatened a...
Aon: Benfield staff poaching leads to £9.5m settlement
Broking giant Aon Re Global will pay more than £9.5m to rival Benfield over alleged breaking of cont...
LMA holds summit over potential Lloyd's exodus
The new boss of the Lloyd's Market Association has called a summit of the personal lines operators i...
Letsure brand retained
Erinaceous has promised to retain one of the oldest brands in the lettings market after its £12m acq...
The Claimant's View
The NHS costs recovery is a claw-back that we should all support. And yet, what we hear from the ins...
Arbitrators respond to dramatic rise in dispute demand
The Chartered Institute of Arbitrators has spun off its dispute resolution business into a subsidiar...
Cunningham hirings
Cunningham Lindsey's liability services has announced five new appointments for its complex loss tea...
Appointment at Amlin
Steve McMurray has joined Amlin as head of finance. Mr McMurray was previously chief financial accou...
Markel social welfare push
Markel has launched a social welfare insurance product set to coincide with new social care inspecti...
£7m deal creates national drainage player
The UK Drainage Network has promised greater control for its insurer clients after the £7m merger of...
Post online web cast
Do not miss our weekly web cast providing a run down of the major news in the general insurance sect...