News
Former Indie boss breaks down in dock
Former boss of UK (re)insurer Independent Michael Bright has taken the witness stand to defend again...
Aon buys classic car specialist
Aon has announced an agreement to acquire specialist vehicle insurance broker, Firebond. Established...
Singapore-based insurer completes scheme transfer
Whittington has announced the completion of a Solvent Scheme of Arrangement for a Singapore-based in...
JLT signs Arab trading agreement
Arab Commercial Enterprises and Jardine Lloyd Thompson are establishing a joint-venture company in S...
Marsh: Sub-prime crisis could lead to claims increase
Marsh has warned the European financial services sector, including insurance companies, that they ma...
Carvill teams up with energy derivatives broker TFS
Reinsurance broker Carvill and Tradition Financial Services (TFS) Energy, an inter-dealer broking of...
Partner Re to consolidate $1bn reinsurer in Dublin
Partner Reinsurance Europe, based in Dublin, a subsidiary of Bermudian reinsurer Partner Re, is to b...
Ascot opens Texas office in Houston
Ascot Underwriting is opening its first US office in Houston, Texas. The business has been incorpora...
Markel to open Singapore office
Markel International has announced plans to open an office in Singapore before the end of the year. ...
Scor gains control of Converium
French insurance company Scor has gained formal control of Converium. Scor closed the deal on 8 Augu...
Guy Carpenter chair defects to Aon
Geoff Bromley has stepped down as chairman of Guy Carpenter's European and Asia Pacific operations t...
Names' agency in £15m float plan
Lloyd's Members Agency Hampden has announced its latest plan to lure private capital with a new vehi...
Quake shakes Peru
Modelling company AIR Worldwide has estimated insured losses from the powerful earthquake that devas...
Montpelier buys US excess & surplus insurance shell
Bermudian reinsurer Montpelier Re has gained access to 38 US states with the purchase of General Age...
Indie was Europe's best
Michael Bright today claimed that his company, the “finest insurance company in Europe” was being eaten from inside by a “black cancer”, writes Stephanie Denton .
Health scare for Bright
The cross examination of Independent Insurance founder Michael Bright was forced to stop twice today after Michael Bright complained of feeling unwell, writes Stephanie Denton .
Whiteboard abuse was going on
Michael Bright today admitted in court that there was abuse of the whiteboard system going on at Independent Insurance, writes Stephanie Denton .
Groupama buys majority share in Lark
Groupama UK has confirmed that it has completed the purchase of a majority shareholding in Lark Group Limited for an undisclosed sum. The change of ownership has received formal regulatory approval from the FSA.
Reinsurance market maintains stable outlook
Fitch Ratings has maintained a stable rating outlook on the global reinsurance sector, which faces several key challenges, in particular that of increasingly difficult market conditions and balancing demands for returns on capital with financial…
QBE's rating affirmed at A+
Fitch Ratings has reviewed and affirmed the Insurer financial strength ratings of QBE Insurance Group and its main operating subsidiaries.
Bradley appointed non-exec at London and European
London & European has appointed Diarmuid Bradley as a non-executive director to its main board.
Indie Trial: Bright admits knowing of hidden reserve increases
A chink appeared in Michael Bright's armour yesterday as he twice admitted that he was aware of a list of reserve increases withheld from the system under intense questioning from prosecution counsel Andrew Ballie today, writes Martin Friel .
Condon and Lomas point the finger
Phillip Condon’s defence counsel, Gareth Rees QC, attempted to show that crucial letters to Watson Wyatt, apparently written by his client, were in fact written by Michael Bright. Martin Friel reports.
Bright admits knowledge of hidden reserve increases
Michael Bright twice admitted that he was aware of a list of reserve increases withheld from the system under intense questioning from prosecution counsel Andrew Ballie today, writes Martin Friel .