News
Corporate manslaughter convictions could soar, according to Aon
Convictions for corporate manslaughter could soar under new legislation which comes into effect on 6 April, according to risk adviser and broker Aon.
UK broker gets Singapore licence
Miller Insurance Services has been granted licences by the Monetary Authority of Singapore to operate as a general reinsurance and direct insurance broker, the company said today.
New Japanese regulations to have trickle-down effects
Marsh has warned UK subsidiaries and affiliates of Japanese firms of the risks associated with new Japanese legislation relating to internal controls and financial reporting, which have come into effect today.
Todd takes real estate team to JLT
Jardine Lloyd Thompson has announced the appointment of Nigel Todd as head of its real estate practice.
Lloyd's reveals update on market reform
Lloyd’s has published a first quarter update on the progress its has made on business process reform.
XL Capital Assurance files countersuit in Merrill CDS case
Security Capital Assurance (SCA) has announced today that its financial guarantee subsidiary XL Capital Assurance (XLCA) has filed its answer and counterclaims in the United States District Court for the Southern District of New York against Merrill…
Leave insurance alone, says NAIC
The National Association of Insurance Commissioners (NAIC) has responded negatively to the the US treasury department’s blueprint for financial regulatory Reform.
Cunningham Lindsey's Manchester move
Cunningham Lindsey UK’s Manchester team is relocating to a larger office in the heart of the city.
Isle of Man wins another captive
Vaultex UK, a recently formed joint venture between two major international banks to manage the cash handling operations in the UK, has set up a captive in the Isle of Man.
Baldock out in GAB restructure
GAB Robins plans to incorporate its existing UK field adjusting and fraud investigation teams under the management of a newly created property services operation, to be called Property Service Line.
Reinsurers facing increasingly volatile 2008 - Willis Re
Reinsurers are going to experience an increasingly volatile 2008, reports global reinsurance broker Willis Re.
RSA acquires insurer
Royal and Sun Alliance Insurance has today announced the acquisition of Sertus Underwriting.
Swinton acquires Kent broker
Swinton Business - the commercial division of the high street insurance retailer - has acquired the independent broker Lawrences.
Paulson calls for optional US federal insurance regulation
Secretary of state to the US Treasury Henry Paulson has called for optional federal regulation of the US insurance industry.
US property and casualty prices down 14%
US property and casualty insurance prices were down 14% in February, according to research from Mark...
Fitch downgrades SCA to junk status
Fitch Ratings has downgraded the insurer financial strength (IFS) ratings of Bermudian (re) insurer ...
Convicted Gen Re executives pass on $5m payment
The five insurance executives convicted last month of fraud in connection with a sham reinsurance de...
Argo in £136m Heritage acquisition
Specialist (re)insurer Argo Group International Holdings has agreed a £136m all-cash deal to acquire...
Space claims are out of this world
Space claims are estimated to reach $835m for 2007, prompting insurers to re-assess their premium ra...
Marsh brokered Burma aviation business into London
Following an exhaustive investigation by Alexander Ferguson click through for an exclusive report.
Harbor Point eyes Omega purchase
Bermudian (re)insurer Harbor Point may have Lloyd's insurer Omega in its sights, sources have told R...
Arch and Gulf Investment Corporation launch Gulf Re
Bermudian (re)insurer Arch Capital and the Gulf Investment Corporation (GIC) said at the World Insur...
Benfield confirms job cuts on the way
Some of Benfield's £15m proposed cost savings will come in the form of job cuts, confirmed the reins...
Ship total losses are on the rise
Ship total losses have dramatically increased, according to figures release today by the Internation...