News
Axis Q2 net income drops 8%
Axis Capital, the Bermudian (re)insure, said that second quarter net income fell to $231m, down from $252m in the second quarter of 2007.
Ace grows environmental liability presence in the regions
Ace Europe has appointed Emma Bartolo as environmental risk underwriter in Manchester, in a move that enhances its regional speciality lines underwriting capabilities.
Giles expands into Ipswich
Giles Insurance Brokers has expanded into Ipswich following the acquisition of local firm, Henley Risk Management.
Swiss Re says Q2 net income off 53%
Swiss Re said that second quarter net income fell by 53%, dropping to CHF565m CHF from CHF1.194bn CHF the year before. The number was below analysts' expectations of CHF770m, according to Citigroup.
Willis makes new appointment to drive global sales
Willis Group Holdings has appointed Allan Gribben, chief executive officer of Willis International, as global sales and marketing director, which includes responsibility for the 'client and growth' initiative, part of Willis' Shaping our Future strategy…
Swiss Re buys Barclays Life for £753m
Swiss Re has agreed to acquire Barclay's closed life business Barclays Life for £753m.
Lancashire H2 net income drops 25%
Lancashire Holdings, the Bermudian specialist insurer, said that pretax profits for the first half of the year fell 25%, hit by worse-than-expected risk losses in the first half of the year.
Kevin Carr to join PruProtect
Kevin Carr, senior technical adviser at Lifesearch, will be leaving to join PruProtect in September, becoming the provider’s Protection Development Director.
Growth in demand for captive ratings says AM Best
AM Best has reported a growing interest in financial strength ratings for captives and other alternative market vehicles in the European market.
Crash for cash gang jailed
A ‘crash for cash’ gang of thirteen people has been sentenced to a total of 10 years imprisonment.
Insurers missing out on millions in profits, according to research
British insurance companies are missing out on revenue from properties in flood risk areas, according to new research.
Hiscox event insurance goes 'instant'
Hiscox Event Insurance, formerly known as Insurex, is now available instantly ‘over the phone’.
Allstate believed to be in race for RBSI
US insurer Allstate is thought to have submitted a bid for Royal Bank of Scotland’s insurance arm.
Auto Windscreens launches online booking system
Auto Windscreens, part of RAC, has launched an online booking system for customers arranging a windscreen replacement or repair.
Crawford and Company expands global account management team
Crawford and Company has appointed Kevin Mountford as a new member of its global account management team.
Tropical storm Edouard threatening Texas coast
The US National Hurricane Center has issued a tropical storm warning for tropical storm Edouard, which is in effect from the mouth of the Mississippi river westward to the San Luis Pass.
Cooper Gay outsources jobs
Cooper Gay has entered into a business process outsourcing agreement with Xchanging, the international business processor.
Carvill in 'exploratory talks' with Stone Point over stake sale
Insurance broker Carvill is in the process of selling a stake in its business to US private equity house Stone Point Capital. It is not known what the price is for the deal.
Fitch affirms Lloyd's ratings
Fitch Ratings has today affirmed Lloyd's of London's insurer financial strength rating at 'A+'.
BPIF and RK Harrison team up to offer print policies
The British Printing Industries Federation has appointed independent broker RK Harrison as its partner in launching BPIF Insurance Services, a scheme developed exclusively for members to be launched in August.
RSA launches new freight product
RSA has launched a new freight product for road haulage contractors with a turnover exceeding £1m and other companies that transport or store third party cargo.
Hartford unveils plans for coastal homeowners insurance
(BESTWIRE) Hartford Financial Services Group is joining a growing list of insurance companies to unveil plans they say are solutions to the coastal homeowners insurance issue.
Aon sizing up Benfield bid
Aon is sizing up an approach for UK reinsurance broker Benfield, according to the Daily Telegraph .
Giles strikes fifth Welsh deal in five months
Giles Insurance Brokers continues its expansion into Wales with the completion of its fifth acquisition in as many months.