News
Axa launch buy to let product
A new personal lines product designed for small property investors and buy to let landlords has been launched by Axa.
3XD appoints non-executive chair
3XD has appointed Rick Riding as non-executive chairman with immediate effect.
Marsh’s new private client head warns of standard cover
Marsh has appointed Adrian Saunders to be the head of private client services in the UK.
Highway rolls out household product on Open GI
Broker only insurer Highway has added its new Choice Home household product to the Open GI system with immediate effect.
Munich Re says expects FY profits to be €400-900m lower this year
Munich Re, the German reinsurance firm, said that it expects this year’s profits to be between €400-900m lower than last year because of the softening underwriting market.
Norwich Union launches large property owners product
Norwich Union is today launching a specially designed prestige package aimed at large property owners, to help brokers offer a fully tailored solution for their customers.
Highway rolls out new product on Open GI
Broker only insurer Highway has added its new Choice Home household product to the Open GI system with immediate effect.
Towergate to sell minority stake to private equity firm, according to reports
Towergate founder Peter Cullum is in talks to sell a 25% stake in his business to a private-equity group in a deal that will value his company at more than £3bn, according to reports.
Aon to buy Gallagher Re, eyes Nymex contract
Aon has announced that it has signed definitive agreements to acquire "substantially all" of Gallagher Re's loss-making US and UK reinsurance brokerage business.
Scottish Re to sell international life, wealth management businesses
Scottish Re said that it is looking to sell its international business and wealth management divisions.
Norwich Union launches tailormade solution for property owners
Norwich Union (NU) has launched a specially designed prestige package aimed at large property owners, to help brokers offer a fully tailored solution for their customers.
Fire safety professionals failing on fire safety legislation
More than three quarters of fire safety professionals are unsure about major fire safety legislation introduced over a year ago according to new research.
Venture Preference unveils senior team
Stuart Reid has unveiled the management board for Venture Preference after being appointed sole chief executive of the Axa owned broker subsidiary a month ago.
Odyssey Re sees 2007 boost from mark-to-market gains
International reinsurer Odyssey Re recorded a strong rise in capital gains over the year to boost its full-year 2007 results.
Sandler stands down from broker board, but stays on at Ironshore
Following his appointment as executive chairman of Northern Rock, Ron Sandler has resigned from the board of Oxygen Holdings. He is replaced as non-executive chairman by Tom Binks.
Zurich's Paton handed new role
Thatcham, the insurer funded research centre, announced that Bill Paton, chief claims officer, at Zurich Financial Services, has been appointed to the role of chairman of Thatcham.
Business Intelligence and Search provider to target brokers
Ardentia Search has launched a combined Business Intelligence and Enterprise Search solution, NetSearch, to the broker market.
RSA described as "plausible" takeover target
Analyst Keefe, Bruyette and Woods has described Royal and Sun Alliance is a "plausible" takeover target as predicted strong growth for the insurer.
Insurer owned broker to relocate to Milton Keynes
Home and Legacy has announced plans to move its operations team to new premises as part of its expansion programme.
Groupama boss calls for "sanity" rather than the "vanity of a dash for growth"
Groupama Insurances reported profits of £23.1m for 2007 (2006: £33.8 million). The results were impacted by exceptional storm and flood losses in January, June and July totalling £18.4m (£14.4m net of reinsurance).
Advent records £25.2m profit
Lloyd's insurer Advent this morning announced a profit before tax of £25.2m. It added Advent Re made an underwriting profit of £4.9m in its first year of opertaion.
Catlin signs $150m cat loss reinsurance contract to protect portfolio
Catlin Group has purchased a collateralised US$150m annual aggregate reinsurance contract which protects the group’s portfolio of property treaty reinsurance against accumulated losses from specific perils.
Report: Giles set for private equity buyout
According to broking magazine Insurance Age , Giles Insurance Brokers is set to be acquired by London-based private equity firm Charterhouse Capital Partners.
Aggregator launches into new market
Uswitch.com, the price comparison and switching service, is expanding its range of insurance services with the launch of its new home insurance comparison channel.