News
Garwyn names new CEO
Garwyn has appointed the former chairman of glaobal sales at Xchanging, Stewart McCulloch, as its new chief executive.
Exclusive Analysis on election
The new government is unlikely to sell off its shares in banks taken over in the financial crisis this year for fear of the consequences, according to Exclusive Analysis.
Towergate postpones bond issue for 4-6 weeks
Towergate has postponed its £665m bond issue and will bide its time over the next month and a half to see if the markets improve.
Chartis: FSA, SFO and HSE investigations of most concern
Companies are most concerned about the threat of investigations by official bodies, according to delegates at a seminar held by Chartis Insurance UK.
Aviva names Hudson as personal line broker boss
Sam Hudson has been appointed head of broker personal lines for Aviva.
French insurance group sees international revenue soar
CNP Assurances recorded €9.4 bn in premium income, of which €1.9 bn came from operations outside France, in the first quarter of 2010.
German insurer unveils new board members
German insurance group ERGO has appointed a new supervisory board at its AGM.
Cypriot deal finalised
Eureko has closed the sale of 98.9% of shares in Interlife Insurance and 100% of the shares in Interamerican Assistance to Rodardo.
French insurance group sees international revenue soar
CNP Assurances recorded €9.4 bn in premium income, of which €1.9 bn came from operations outside France, in the first quarter of 2010.
German insurer unveils new board members
German insurance group ERGO has appointed a new supervisory board at its AGM.
Cypriot deal finalised
Eureko has closed the sale of 98.9% of shares in Interlife Insurance and 100% of the shares in Interamerican Assistance to Rodardo.
Bluefin acquires Peterborough broker
Broking group Bluefin has acquired the general insurance business of Peterborough based GM Towns & Partners for an undisclosed sum.
Explorers reach North Pole after 60 day survey trek
A team of three British explorers described as 'the world's toughest' reached the North Geographic Pole today ending a 60 day scientific survey across the floating sea ice of the Arctic Ocean.
Max and Harbor Point become Alterra
The closing of a merger of equals between Max Capital Group and Harbor Point has finalised with the resulting company to begin trading as Alterra.
PartnerRe promotes Miranthis to president and COO
PartnerRe has announced it is to promote Costas Miranthis to the position of president and COO, following the retirement of CEO Patrick Thiele. The move is subject to approval by Bermuda immigration.
Biba launches PPI scheme
The British Insurance Brokers’ Association and Millennium Insurance have joined forces to launch new committed payments protection scheme.
Oxygen expands into Bristol
Oxygen Insurance Brokers has opened a new office in Bristol.
JLT's share price hits 12 month high on Aon acquisition talk
Shares in Lloyd's broker JLT continued to rise this morning following speculation that Aon is preparing to buyout its major shareholder.
LCP warns on pension buyout demand
The cost to companies of transferring their pension scheme risk to an insurer looks set to rise as demand starts to outstrip supply, according to LCP Pension Buyouts 2010 published by Lane Clark & Peacock LLP.
Ex Broker Network MD joins Marsh
Marsh has appointed Martyn Denney to the newly-created role of networks leader.
Quinn administrator pulls plug on UK PI business
Quinn Insurance will not reopen its professional indemnity business in the UK despite the likelihood it will recommence underwriting other commercial lines.
$25bn African microinsurance market mostly untapped, finds report
Little over 2% of Africa's 700 million working poor are covered by insurance, representing a vast untapped opportunity for social and economic development, according to a new study by the Microinsurance Innovation Facility of the International Labour…
Amlin benefits from ACI acquisition with 32.1% hike in GWP
Amlin this morning reported gross written premium (before deduction of brokerage) was up 32.1% for the four months ended 30 April 2010 at £964.0m (30 April 2009: £729.7m).
XL remains in S&P 500 index
XL Capital will remain in Standard and Poor’s 500 index following redomestication of the parent holding company from the Cayman Islands to Ireland.