News
Lord Levene continues to stress US platform goal
Lloyd’s chairman Lord Peter Levene has stressed that building Lloyd’s platform in the United States is one of the most important goals of the organisation at the Risk and Insurance Management Society’s annual conference in San Diego.
Lockton positions itself for long, difficult soft market
Lockton is conditioning itself for a potentially long and difficult soft market cycle as it begins a new fiscal year 1 May.
Axis Capital Q1 net income up 4%
Axis Capital, the Bermudian (re)insurer, reported a 4% rise in first quarter net income.
Brokers troubled by FSA paper says IIB
The Institute of Insurance Brokers has said it has received feedback from "many troubled members" in connection with the Financial Services Authority discussion paper - Transparency disclosure and conflicts of interest in the commercial insurance market .
Atradius Collections expands global reach
Revenues at Atradius Collections – part of trade credit insurer Atradius Group –increased by 18.1% in 2007 following the opening of five new offices worldwide.
Aon trio in broking start up
A trio of former Aon Trade Credit employees have formed Credit Insurance Alliance (Brokers).
Support for international insurance standard
A new report by Ernst and Young has found the insurance industry in favour of the International Accounting Standards Board developing a global insurance standard.
Primary General Launches a Contractors Policy
Primary General has launched its new Contractors Policy.
Sterling Launches New Executive Plus Product
Following extensive market research and consultation with its broker partners, Sterling Insurance has launched its new high net worth policy, Executive Plus.
Flagstone Re to buy 29.9% of Alliance Re
Flagstone Re has said that it has agreed topurchase up to 29.9% of Cyprus-domiciled specialist property and casualty reinsurer Alliance Re from current shareholders.
Cordys launches new business product
Cordys has launched a new business operations suite for the insurance sector, which is designed to streamline processes.
Griffin appointed as health and accident underwriter at Amlin
Amlin, the Lloyd’s insurer, has appointed Andrew Griffin as Class Underwriter on the accident and health account, reporting to leading class inderwriter, Mark Clements.
Guy Carpenter confirms job cuts
Global reinsurance broker Guy Carpenter has confirmed that it is undergoing a round of job cuts.
Adjuster CEO steps up to new role
Joe McMahon has been promoted to chairman of Charles Taylor adjusting. He was previously chief executive and succeeds John McKay, who will continue to have a role with the company.
Charles Taylor CEO promoted to chairman
London-based loss adjuster Charles Taylor has appointed Joe McMahon as its new chairman.
EMB updates pricing software
Actuarial consultancy EMB has launched the latest version of its Emblem pricing software.
Ironshore wins New York excess and surplus approval
Ironshore Insurance the Bermudian specialty (re)insurer, has gained approval to write excess and surplus busines in the state of New York, when the Excess Line Association of New York (ELANY) added the firm to a list of eligible E&S insurers.
Advent swings to Q1 pretax loss
Advent, the Lloyd's (re)insurer, reported a first quarter pretax loss of £5.5m, down from a £500,000 profit it reported in the first quarter of 2008.
Hyperion opens offices in Dubai
Hyperion has strengthened its global presence with the opening of its first operation in Dubai.
Cooper Gay to float says Sunday paper
Reinsurance broker Cooper Gay is in talks that could see it float on the London Stock Exchange during the third quarter, according to The Financial Sunday Express.
Benfield UK staff in pensions squeeze
Hundreds of Benfield staff could see their pension benefits cut as a result of the reinsurance broker’s efforts to save cash in order to deal with the softening reinsurance cycle as well as the weak dollar.
Guy Carpenter's White next senior casualty of job cuts - sources
Guy Carpenter’s UK energy reinsurance broking head is the latest senior casualty as part of the broker’s job cutting, Reinsurance has learned.
Integro looks to Lockton and JLT for hires
Integro has bolstered its UK practice with hires from Lockton and Jardine Lloyd Thompson.
Former First Assist chief executive joins Garwyn
Garwyn Group has appointed former First Assist Group chief executive Tim Ablett as a non executive director.