News
Partner Re reports Q2 investment income losses of nearly $300m
Partner Re, the Bermudian (re)insurer, reported a net loss of $26m in the second quarter of the year, driven down by investment incomes losses of nearly $300m.
XL's chief operating officer Keeling retires
Henry Keeling has retired as XL’s chief operating officer as part of a number of high-profile departures at the Bermudian (re)insurer.
XL Capital strikes deal with SCA
Bermudian (re)insurer XL Capital said that it has come to an agreement with bond insurer Security Capital Assurance which will eliminate $64.7bn of its net exposure to the company.
Burma protestors name and shame insurers
The Burma Campaign UK has today published a new report naming and shaming insurers it claims have facilitated the flow of billions of dollars in to the troubled country.
Former insurance boss given FSA retail markets role
The Financial Services Authority has appointed former Lloyds TSB general insurance head Jon Pain as its new managing director of retail markets.
Tesco snaps up RBS insurance and financial services shareholding
Royal Bank of Scotland has announced plans to sell its 50% shareholding in Tesco Personal Finance to Tesco for £950m. The move could be seen as an admission that the bank is having to look elsewhere to raise money with bid interest in its insurance…
Aon given Qatar license
Aon Middle East has been authorised by the Qatar Financial Centre Regulatory Authority to operate in Qatar.
FSA appoints banking big hitter to replace Briault
The Financial Services Authority (FSA) has appointed a new managing director of Retail Markets to replace Clive Brialt who stepped down following the regulatory inefficiencies surrounding the near-collapse of Northern Rock.
Video - British Insurance Awards 2008
Over 1800 of the great and good attended the British Insurance Awards in July at the Royal Albert Hall. Watch guests arriving at the industry's major awards ceremony along with highlights from the welcome on the night by group editor in chief, Incisive…
Aon given Qatar license
Aon Middle East has been authorised by the Qatar Financial Centre Regulatory Authority (QFCRA) to operate in Qatar.
RSA launches new tradesman product
Insurer RSA has launched a new tradesman product available on-line through imarket and for brokers using Acturis.
Hastings hammered by TCF fine
Beleaguered direct provider Hastings has been fined nearly three quarters of a million pounds for failing to treat its customers fairly.
CETA warns flood insurance for all still in jeopardy
The general relief that has greeted news that insurers will continue to provide flood insurance for the UK’s most vulnerable properties could prove premature, as the deal comes with strings attached warns CETA managing director David Quick.
Hastings fined £735 000
The Financial Services Authority has fined Hastings Insurance Services £735 000 for failing to treat its customers fairly in relation to cancelling around 4550 incorrectly priced car insurance policies.
Bright Grey cuts business protection rates
Bright Grey is offering a 5% reduction on business protection written from Monday 28 July, until 31 October.
QBE bolsters Leeds office with five underwriters
As part of the expansion of its UK distribution network, QBE has recruited five local leading market underwriters to its Leeds team and expanded its product range.
Loss adjuster opens new London office
Merlin Professional Claims Services has appointed Graham Cranford Smith a former director of Carr Greenwood Smith to head up a new London office.
Advent profits tumble
First half pretax profits at Lloyd's (re)insurer Advent tumbled, falling to £1.6m from £6.7m a year before, reflecting heavy risk losses in the first half of the year.
First Shariah-compliant insurer launches
The first Shariah-compliant insurance company has fully launched in the UK today.
Willis takes a swipe at broking rivals
Willis claims the insurance industry has failed on its own to reform the practice of contingent commission payments to brokers and said regulators must finish the job begun by former US Attorney General Eliot Spitzer in 2004.
Aon's McGill in transparency call
Aon has urged the New York insurance department to put in place comprehensive transparency and consent standards that apply to all insurance producers conducting business in the state.
Canada Life changes internet service
Canada Life has launched two new modules for CLASS, its internet-based eBusiness portal.
British Insurance Awards 2008
Over 1800 of the great and good attended the British Insurance Awards in July at the Royal Albert Hall.
PWS grows marine team
THB has appointed Ralph Williams as a new divisional director to the marine division of insurance and reinsurance broker PWS.