News
Sub-prime claims still within expectations- Levene
Lloyd’s chairman Lord Levene reiterated that that claims emerging from the US sub-prime mortgage disaster is still within expectations.
Swinton launches two new brands as it reports record profit
Swinton has reported a seventh consecutive year of profit growth with £48.3m (a 27% increase) on increasing gross premiums of £665.8m (up 39%) for the 12 months ended 31 December 2007.
Travelers UK launches three new film wordings for the digital age
Building upon its entry into the Media and Entertainment market last year, Travelers UK has launched three new wordings for the film industry. An advantage to the new wordings is that they cater to the significant advances made with High Definition and…
Aviva strikes £300m deal for UK and India communications
Cable and Wireless today announced it has signed a new six-year contract with Aviva, worth £300m.
CCR hails rebalancing of book
French state-backed catastrophe reinsurer CCR has unveiled 2007 results that saw it hit its target of reducing open market business to a third of its book.
Greenlight Re Q1 net loss improves 63%
Greenlight Capital Re, the Cayman Islands-registered (re)insurer, said that it had reduced net loss to $4.8m from $13.1m a year before.
Greenberg blasts AIG performance in board letter
AIG are a company in “crisis”, according to its former chief executive, Hank Greenberg.
Brit appoints Turner as active underwriter of Syndicate 2987
Brit Insurance Holdings has appointed Jonathan Turner as active underwriter of Syndicate 2987.
Businesses must face up to liability challenge warns Lloyd's
Businesses could be facing a future liability crisis if they do not face up to growing litigation issues Lloyd's warned today.
Sub-prime claims still within expectations - Lord Levene
Lloyd’s chairman Lord Levene reiterated that that claims emerging from the US sub-prime mortgage disaster is still within expectations.
Heath Lambert continues Sheffield expansion
Heath Lambert Group has moved to new premises in Sheffield to make room for further expansion.
Oval confirms Aberdeen acquisition
Oval has confirmed it has acquired Aberdeen insurance broker Independent Insurance Brokers, as reported in Post last week (Post, 8 May, p2).
Marsh appoints construction PI leader
Marsh has appointed Martin Stubbs as a senior vice president for construction professional indemnity within its financial and professional services (Finpro) practice in London.
Brit Insurance appoints active underwriter
Brit Insurance Holdings has appointed Jonathan Turner as active underwriter of Syndicate 2987.
Swiss Re and First American launch US flood model
Swiss Re has joined forces with US business information provider First American to launch a flood catastrophe model.
BIBA 2008 video - Industry leaders comment on the industry
Insurance industry leaders talked to Post's Alwynne Gwilt at this year's BIBA conference in Glasgow on their thoughts about where the industry is headed over the next 12 months - from commission disclosure to the major issues facing brokers opinions…
RMS: High number of insurance claims expected from China quake
Risk modeller RMS has said that it expects a large number of insurance claims to arise from the strong magnitude 7.8 earthquake that struck Eastern Sichuan Province, China, today 12th May.
Select and Protect enters debt management market
Select and Protect has signed an exclusive deal with free debt solutions provider Payplan to offer its customers its range of general insurance products.
Gable enters new markets as it moves into profit
Specialist construction insurer Gable has recorded a profit of £0.51m (2006: £0.25m loss) on gross written premium of £6m (2006: £6.2m) for year ended 31 December 2007.
Allianz reports dip in profits
Allianz has revealed its results for the first quarter of 2008, with profit before tax falling 13% to £42.3m on the same period last year.
ABI announces full line up of speakers for its 2008 SOLVENCY II conference
The ABI (Association of British Insurers) has confirmed the full line up of speakers for its 2008 Solvency II Conference, ‘Shaping World Class Regulation’, held in association with Towers Perrin. It will take place on 10 June at the Marriott, Grosvenor…
Asia Capital Re in $300m retakaful launch
Asian reinsurance start-up ACR Capital Holdings (ACR) has announced an agreement with Malaysian national investment company Khazanah Nasiona, and Dubai Banking Group, to set up a retakaful company.
Failure to embrace rehab costing industry £610m, claims report
Continuing failure to break down the barriers to effective rehabilitation of employees is costing Britain’s manufacturers up to £610m a year according to a new report on sickness absence published today.
Arachas launches income protection cover for UK rugby players
A bespoke income protection insurance for professional rugby players in the UK has been launched by Arachas, Ireland’s largest independent insurance and risk brokerage, and the primary force behind the consolidation of the Republic’s brokerage market…