News
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...
Florida cat fund reform clears senate committee
A bill aiming to reduce the limits available and increase co-reinsurance levels under the Florida Hu...
Flagstone to acquire 65% share of Imperial Re
Bermudian class of 2005 start-up (re)insurer Flagstone Re has announced that it is to buy 65% of Sou...
Exchange agreement is signed
Bermuda-headquartered (re)insurance group White Mountains has signed an exchange agreement with Berk...
Willis not granted license... yet
Willis and the Saudi Arabian government are at odds as to whether the broker has been granted an off...
Ironshore launches healthcare division
Ironshore has announced it is entering the healthcare liability sector with the launch of Ironhealth...
S&P: sector's outlook is 'touch and go'
Ratings agency Standard and Poors (S&P) has warned that reinsurance pricing for most lines is still ...
XL Capital names Michael McGavick as chief executive
Michael McGavick is due to join beleaguered Bermudian (re)insurer XL Capital on 1 May, replacing Bri...
Emma costs from EUR300m to EUR1.5bn
Windstorm Emma is thought to have cost insurers between EUR300m and EUR1.5bn, modeling groups Risk M...
Munich Re to provide storm cover
German (re)insurer Munich Re has launched Queen Street, a special purpose Cayman Islands-exempted EU...
Paulson calls for optional US federal insurance regulation
Secretary of state to the US Treasury, Henry Paulson has called for optional federal regulation of t...
$3.1bn decrease for US property-casualty
A group of 20 US property-casualty (re)insurers wrote $22.7bn in net premium in 2007 marking a decre...
Direct Line in small business product launch
Direct Line is launching two new insurance products aimed at small business owners and people who work from home.
Islington has highest insurance premiums in UK, according to research
Islington is the most expensive place to be insured in the UK, according to new research.
Law firm says new auditor rules could impact claims
New auditor liability rules could have an immediate impact on claims, according to commercial law firm Beachcroft.
Aviva's Moss hails capture of new European CEO
Norwich Union's parent Aviva has appointed Andrea Moneta as chief executive officer, Aviva Europe. He is currently managing director of Dubai Financial Group and will join Aviva on 1 July.
Finch buys Hampshire broker
Finch has made its first foray into the Hampshire insurance market with the purchase of Liphook-based broker Ashcombe Border Insurance Brokers.
Highway re-launches Choice Motorcycle
Broker only insurer Highway has re-launched its Choice Motorcycle product. This follows a wide-ranging review of all rating factors, acceptance rules and underwriting terms, as well as consultation with brokers. The changes have been designed to improve…
Glacier London office opens with ex-QBE MD at helm
Glacier Insurance, the European insurance subsidiary of Swiss-based Glacier Re, has started underwriting operations in London, having received the relevant regulatory approvals.
Tawa says 2007 pretax profits jump to $48m
Tawa Group the UK-quoted consolidator of non-life insurance run-off, said that full-year profit before tax and discontinued operations jumped to $48m from $5.1m a year earlier.
Tawa set to acquire PXRE today
UK-listed non life run-off consolidator Tawa has received regulatory approval to acquire PXRE Reinsurance company.
Capita swoops for broker
The Capita Group has acquired HFR Holdings and Lancaster Insurance Services for a consideration of approximately £16.5m, net of cash acquired.
European underwriter begins London operations
Glacier Insurance has commenced underwriting operations in London having received the relevant regulatory approvals, it was announced today.