News
Pick of the week
Axa to shed commercial business; Coversure to grow affinity business; Hubbard to join UK General; LloydsTSB starts loss-adjusting pilot; IAG close to HSBC deal.
Validus expands into the middle east
Validus subsidiary Talbot has expanded its business into the Middle East through the creation of Underwriting Risk Services, a managing general agency based in Dubai.
Madoff finance boss pleads guilty
Frank DiPascali, the former CFO of Bernard Madoff, has pleaded guilty for his role in the $65bn fraud.
Lloyd’s A+ rating reaffirmed
Standard and Poor’s leave Lloyd’s rating unchanged
SBJ Global Risks appoints COO
CEO Simon Rice hails appointment.
Berkshire Hathaway to write more casualty business
Buffett’s Berkshire Hathaway is willing to sell more insurance for natural disasters but may be held back by falling prices
Hannover Re to strengthen capital base
Reinsurer plans to grow its capital base by upto 26%
Bupa reports flat UK PMI growth
Price increases offset loss of policyholders
Former Axa boss Hubbard takes new board position
Peter Hubbard to join UK General board.
Crawford reports $88.1m second quarter loss
However, CEO Jeffrey Bowman sees "encouraging signs" in business.
Liddy departs AIG
"I had no idea what I was in for when I accepted this assignment," admits Liddy in parting letter to staff.
Willis continues raid on Aon staff
Stephen Kisor to join Willis global aviation team from Aon
Aon Private Risk Management opens new European office
The broker and risk adviser expands its ultra high net worth network
Second quake hits Tokyo
Earthquake hits early Tuesday morning and damages main motorway south of the capital.
Former AA Insurance boss Sinclair resurfaces
Kevin Sinclair to take group underwriting director role at broker.
RSA appoints Brown's replacement
The insurer has appointed Christian Torkington to the role of UK COO.
Terrorist threat assessments must become routine, say Aon
Following this weekend's bombing in Majorca, Aon has reiterated the importance of terrorist threat planning for hotels.
Preliminary losses from Typhoon Morakot not ruinous for Taiwanese insurers, say reports
Taiwanese Central Re notes that a large amount of business risks affected shared with foreign reinsurers.
Scottish broker heralds acquisition
H&R partner Shona Robertson happy with latest deal.
Slack steps down from Biba board
Mike Slack retires after seven years.
Fortis joins Home & Legacy home panel
Fortis to underwrite Home & Legacy's Prestige Home offering.
Paris Re net income down 20%
Paris Re has reported a net income of $59.4m for Q2 compared to $81m in the same period last year.
Insolvency rise fails to impact PI rates
Accountants' and auditors' PI remains soft.
Typhoon Morakot batters Asia
Typhoon Morakot struck the Philippines, Taiwan, Japan and China with government reports of widespread damage.