News
Atlantic hurricane threat not over yet
The threat of hurricanes in the Atlantic region will remain high for decades, a report by a leading ...
QBE buys Mexican insurer Cumbre
QBE has announced the acquisition of Mexican insurer Seguros Cumbre, subject to regulatory approvals...
Ace warns against political risks
Global businesses need to adopt formal structures to assess ongoing risks posed by political instabi...
Converium stands firm on takeover bid
Converium bosses firmly rebuffed a takeover bid by French rivals Scor during the early announcement of their 2006 results.
Munich re unveils record $4.55bn profits
Global reinsurer Munich Re has unveiled record 2006 profits, up 28.5% to €3.5bn ($4.55bn) on the back of record low combined ratios in reinsurance (92.6%) and primary insurance (90.8%) to produce a return on equity of 14.2%.
HBOS GI hit for £92m GWP following Paymentshield sale
Halifax Bank of Scotland's 2006 preliminary results revealed its general insurance sales fell 4% to £1 894 gross written premium. Underlying profit before tax for the division increased by 20% to £304m compared with £254m last year.
David McIntosh appointed chairman of SIF
The Solicitors Indemnity Fund has announced the appointment of David McIntosh as chairman with effect from 16 February 2007. Mr McIntosh replaces Paul Marsh, who has recently retired from the SIF Board to enable more time to be devoted to his recently…
Hiscox moves to 'boardroom in the sky'
Hiscox, the specialist insurer, has moved into new offices on the Bristol waterfront just over a year after esablishing a presence in the city.
Court of Appeal to hear Charman's ‘huge money’ offshore trusts divorce case
The divorce of former Lloyd’s king pin and chief executive and chairman of Bermudian reinsurer Axis John Charman will reach the Court of appeal on 7 March.
Peart signs up 40 sub-brokers
Peart Associates, the Kendal-based insurance specialists, has signed up almost 40 new sub-brokers as a result of recent publicity and a re-branding.
Buckenham swoops for former Willis reinsurance heavyweight
JK Buckenham, the Hyperion Insurance Group's reinsurance broker, has announced that former Willis director, Robin Begg, has joined the company.
Benfield continues Fac rebuild with two London hires
Reinsurance broker Benfield has announced the appointment of Honor Jones and James Lyndon-Stanford to its global Facultative Solutions team. Ms Jones and Mr Lyndon-Stanford will be based in London and will join the company in May and July 2007…
Pick of the Week
Anthony Gould editor in chief, Post talks about Axa's commission rates stand; the latest adjusting se...
GE Money unveils vPayment settlement tool
Online insurance booking companies will find increased control and streamlined reconciliation from the introduction of GE Money's vPayment settlement tool to the European market.
Analyst reviews Converium defence chances
As the Converium board rejected SCOR’s formal approach for the remaining two thirds of the company not already under its control, equity analysts at Keefe Bruyette and Woods (KBW) cast doubt on the Swiss target’s ability to mount a credible defence…
PwC issues pan-European run-off report
Discontinued insurance business in Europe exceeds €204 billion according to a new survey released today by PricewaterhouseCoopers LLP in conjunction with the Association of Run-off Companies.
JLT launches new JV company with broker
Jardine Lloyd Thompson has tramed up with the interdealer broker ICAP to establish a joint venture company owned equally by the two groups, to operate in areas where the market for insurance, financial derivatives and securities are converging.
XL authorises $1bn share buyback facility
Bermudian (re)insurer XL has announced the authorisation of a $1bn share repurchase program
Driving test overhaul mooted by Ladyman
An "overhaul of driver training and testing" was announced by Road Safety Minister Dr Stephen Ladyman at the Royal Society for the Prevention of Accidents' Road Safety Congress this afternoon.
Car dealer avoids FSA fine for PPI miss-selling
The Financial Services Authority has today imposed a public censure on Cathedral Motor Company for failures relating to its sale of Payment Protection Insurance in connection with vehicle finance agreements.
Lawyer warns construction industry over environmental negligence risk
Architects, engineers and other construction professionals who ignore the potential effects of climate change risk the threat of negligence claims, warns City law firm Reynolds Porter Chamberlain.
Davies appointed ops director at Aegis London
Aegis London, the UK-based subsidiary of Aegis (Associated Electric & Gas Insurance Services Limited), has appointed Sarah Davies as operations director.
Hannover Re completes Merlin €1bn R/I recoverables securitisation
Hannover Re has claimed a first in transferring the risks deriving from so-called reinsurance recoverables to the capital market.
Claimant lawyer network receives Law Soceity waiver
LawAlliance, the UK-wide network of specialist personal injury claimant lawyers, has received a special waiver from The Law Society boosting the benefits to claimants and LawAlliance members using the InterResolve Bodily Injury Claims Scheme.