News
FSA publishes final regulatory fees and levies for 2008/09
The Financial Services Authority (FSA) has published the final FSA fee rates and Financial Ombudsman Services (FOS) levies for 2008/09.
Chubb responds to Corporate Manslaughter Act
Chubb Insurance announces increased protection for companies facing heightened exposures as a result of the recently introduced Corporate Manslaughter Act.
Hill Dickinson announces promotions
Law firm Hill Dickinson has promoted Ruth Lawrence and Maria Pittordis to heads of practice.
Quanta to be acquired by Catalina for $197m
Bermudian reinsurer in run-off Quanta Capital announced today that it has entered into a definitive amalgamation agreement with Catalina Holdings (Bermuda) and Catalina Alpha Pursuant to the amalgamation agreement, Catalina will acquire Quanta in a…
Ironshore stalking Chaucer's Pembroke syndicate - source
Bermudian insurer Ironshore is stalking Chaucer-managed syndicate Pembroke, Reinsurance understands.
Aon appoints private clients MD
Ben Doveton has been appointed managing director of Aon private clients, the company’s high-net worth business.
Davies appoints two to the board
Loss adjuster Davies has appointed Iain Maclean to the operations board as director of project managed subsidence services. Nick Gazzard has also been appointed as associate director reporting to the board to head corporate governance for the entire…
Fraud prevention low priority for UK firms
Only 37% of private UK companies employ specialists to detect fraud, compared with a global average of 45% and 59% in the US, according to new research.
Adjuster moves into the black in 2007
Resources in Insurance Group has reported that its turnover increased 35% from £2.82m to £3.81m in 20076. Its pre tax profit improved from a loss of (£62 000 in 2006) to a profit of £120 000.
Management reshufffle at PartnerRe Global
With effect 1st September 2008 Bermudian (re)insurer PartnerRe has announcd it will amend its senior management team as follows:
TSR predicts storm activity 20% above norm; but downgrades forecast
With the start yesterday of the 2008 hurricane season, Benfield-sponsored hurricane forecasting experts Tropical Storm Risk, are predicting storm activity in 2008 which will slightly above the long-term (1950-2007) norm.
Towergate annual results reveal £2.1bn GWP
The Towergate Family – including TPL, Broker Network, Paymentshield and Open International – has reported total sales (GWP) of £2.1bn, income of £394m and EBITDA of £166m on a pro forma basis for the 12 months leading to 31 December 2007.
Nationwide announces new insurance affinity partner
LV and Nationwide Building Society have today announced a new six year partnership.
Snowball outlines reasons for stepping down from Towergate board
Towergate has confirmed that Patrick Snowball has relinquished his non executive role on Towergate Partnership Board but remains chairman of Towergate Financial Services
New Axa Insurance CEO Maso insists he is no 'Mr Fix It'
The new chief executive of Axa Insurance, Philippe Maso, has insisted that he is not a Mr Fix-It and is here for the long term.
Snowball to step down at Towergate after IPO delay
Former Aviva general insurance boss Patrick Snowball is stepping down as deputy chairman of consolidator Towergate ( Snowball outlines reasons for leaving)
Snowball out as deputy chairman of Towergate
Former Aviva general insurance boss Patrick Snowball is stepping down as deputy chairman of trailblazing UK broking consolidator Towergate, according to a report.
Berkshire Hathaway reports a 64% decrease in Q1 profit
Berkshire Hathaway reported a first-quarter profit of $940m, a decrease of 63.8% from the same perio...
Universal Studios fire to cost $50m
The fire at Universal Studios is expected to cost insurers around $50m, sources familiar with the si...
Market votes to amend Lloyd's Act
Lloyd's has voted to amend the Lloyd's Act 1982 by means of a legislative reform order. At an extra...
JLT to acquire Harman Wicks Swayne?
Broking giant JLT is in discussion with HWS Holdings that could see it buy all or part of the Lloyd'...
Florida P&C pricing off 15% says Guy Carpenter
Florida property catastrophe pricing is expected to decline by about 15% at the 1 June renewals, acc...
Marsh CEO to get $5m compensation
MMC will pay departing chief financial officer Matthew Bartley more than $5m in compensation after t...
Fitch: only a $40bn loss would halt cat slide
It would take insured losses of around $40bn to reverse the softening catastrophe price cycle, US ra...