News
Willis grows global division
Willis Global Holdings has made three senior appointments to its global specialties division.
Post Office launches new motorcycle insurance
The new Post Office motorcycle insurance will offer a umber of benefits, including the option to insure up to four bikes on the same policy and up to £500 cover for accessories per bike. And for a limited time it is also offering new customers one month…
Crawford announces positive results
Loss adjusting specialist Crawford has reported a rise in net income of 174%.
Subprime disaster causing reinsurers to turn back on FI business - Lockton
The subprime mortgage disaster and spate of lawsuits coming from the troubles has caused reinsurers to refuse financial institutions business, a report from Lockton has revealed.
QBE refuses to give up over IAG offer
QBE has announced that its proposal of 0.142 QBE shares and $0.70 cash per IAG share, to merge with IAG via scheme of arrangement, has been extended to 5pm Monday, 19 May 2008.
Direct Line continues commercial assault
Direct Line has launched a new insurance product for hotel, guesthouse and bed and breakfast owners.
Direct Line launches insurance for hoteliers
Direct Line has launched a new insurance product for hotel, guesthouse and bed & breakfast owners.
Home & Legacy Let quotes now online
Brokers will now be able to get an instant quote for Home & Legacy Let through the click of a button on the company’s website.
Max Capital Q1 net income plunges
Max Capital, the Bermudian (re)insurer, reported net income for the first three months of the year fell to $7.7m from $80m this time last year.
Presidio Reinsurance Group buys out UK underwriter Vespasian
Presidio Reinsurance Group said that it has bought London-based accident and health underwriting agency Vespasian.
Castlepoint's net income jumps $2.5m; net written premiums up 64%
Castlepoint, the speciality (re)insurer, said first quarter net income rose to $9.6m from $7.1m in the first three months of 2007.
HSF in HSA swoop
Health cash plan provider, HSF Health Plan has acquired the Irish business of HSA Healthplan.
Heath Lambert launches new division
Heath Lambert Group has formed a new specialist division Heath Lambert Commercial Affinity and Select Business.
Berkshire Hathaway Q1 profits plunge
Berkshire Hathaway reported a first-quarter profit of $940m, a decrease of 63.8% from the same period a year ago.
New home insurance scheme from Europ Assistance
Europ Assistance has secured two new agreements with Lark and scheme insurance specialist Lloyd and White.
Argo Group Q1 net income up 47%
Argo Group International Holdings, the Bermudian-based (re)insurer, said that first quarter net income rose 47% to $36.9m from $25.1m in the first three months of 2007.
Amlin in investment management joint venture poaches Swiss Re execs
Amlin, the Lloyd's (re)insurer, said it will form an investment management joint venture specialising in managing funds in traded insurance risk.
Swiss Re in further Q1 $778m credit write-down, shares hammered
Global reinsurer Swiss Re has reported an additional mark-to-market loss of CHF819m ($778m) on its portfolio of structured credit default swaps in the first quarter of 2008 and has penciled in a further charge of CHF200m ($190m) sustained during the…
Flagstone Re Q1 net income drops nearly 8%
Flagstone Re, the Bermudian (re)insurer, said that net income for the first quarter of the year fell to $32.9m from to $35.6m on diminishing investment returns.
Hannover Re Q1 net income soars 23%
Hannover Re said that first quarter net income rose nearly 23% to €151.5m, up from €123.5m this time a year ago.
Aon launches Asia desk
Aon Global has launched an Asia desk in London, which will be headed up by Clemens Philippi.
Kwik-Fit and SSP in electronic delivery of motor certificates
Kwik-Fit Insurance claims to have become the first insurance provider to purchase SSP’s secure electronic delivery solution, SDX, in order to improve customer service and cut fulfilment costs.
Heath Lambert appoints strategic development director
Jim Lorimer has been appointed strategic development director for Health Lambert Insurance Services, in addition to his existing position as chief information officer for the group as a whole.
Grant promoted to group executive at RMS
Matthew Grant has been appointed group executive of global client development at Risk Management Consulting.