News
Lancashire maintains sub-50% COR as profits hit $275m
Lancashire has announced its results for the third quarter of 2007 and the nine month period ended 30 September 2007, and the establishment of a $100m share repurchase program.
Double hire completes Ark casualty reinsurance team
Ark Syndicate Management said it has completed its casualty reinsurance platform with the addition of David May as head of Casualty Re, and Andrew Aldwinckle as a senior underwriter, both from Aspen Re.
Reinsurance giant boosts Lloyd's presence with UK acquisition
Munich Re has announced plans to acquire MSP Underwriting for a figure said to be in the "mid double-digit million euro range".
Advent reports £12.9m earnings from first nine months
Lloyd's insurer Advent has reported its results for the nine months ended 30 September 2007, with profits slightly up at £12.9m.
Stewart appointed business development director at Axiom
Claims and run-off management specialist Axiom has appointed Elaine Stewart as business development director.
Willis adds Scrutton Bland
Scrutton Bland has joined the Willis Commercial Network
Venture Preference enters new market after buying broker
Axa owned Venture Preference has launched into the private medical insurance market after buying The Health Insurance Group in a deal which sees Venture Preference’s gross premium income exceed £500m.
BGL doubles profits
The BGL Group has announced £43m profit for the year ending 30 June 2006, reporting a 93%.
Atrium goes live with Room BPO solution
Atrium Underwriters is the first insurer to go live with a new business process outsourcing service launched by Room Solutions.
Iprism signs new multi-million pound deal
Online SME facility Iprism has strengthened its intermediary links by signing a multi-million pound deal with Endsleigh.
Markel swoops for QBE property boss
Markel International has appointed former QBE head of european and international property, Neil Flatman to the position of managing director of its non-marine property division.
Lloyd's broker takes on CRS staff
Oxygen Insurance Brokers has formed a new specialist team in partnership with CRS yachts, servicing the superyacht industry.
Willis hires Gale for strategic leadership
Broker Willis has highlighted its Ipswich office’s role as a significant global support centre and retail operation, and has appointed Ian Gale as the strategic leader for all Ipswich business.
P&I clubs warn of record $550m losses
The increase in P&I claims across the shipping industry has made heavy demands on the International Group of P&I Clubs’ pool.
Henwood takes ops role at Autoglass
Autoglass has appointed Nick Henwood to its executive team as operations director.
Bupa Individual Protection reduces critical illness & life premiums
BUPA Individual Protection announces has reduced premium rates for its critical illness products.
Marsh recruits six in affinity drive
Marsh has made six new appointments to its consumer and commercial affinity business in the
Florida officials announce $4.5m insurance settlement
Insurance giant ACE has agreed to pay a $4.5m settlement to a US multi-state task force to resolve allegations of bid-rigging and price-fixing in the US commercial insurance market.
ODA confirms 15 insurers for 2012 cover
The Olympic Delivery Authority today confirmed the companies selected to provide insurance cover for its work to deliver the venues and infrastructure for the London 2012 Olympic and Paralympic Games
RMS estimates up to $1.6bn losses from Californian wildfires
The wildfires ravaging Southern California are likely to cost insurers between $900m and $1.6bn, making them among the most expensive in the region's history, according to modelling company, Risk Management Solutions (RMS).
Ex-Lloyd's boss looking to lure UK general insurers
UK general insurers are being targeted with multi-million pound risk financing packages by a start-up backed by Lehman Brothers.
Reshuffle on CTC board
Charles Taylor Consulting has appointed Rupert Robson as non-executive chairman with effect from 1 November 2007.
RMS estimates up to $1.6bn losses from Californian wildfires
The wildfires ravaging large swathes of Southern California are likely to cost insurers between $900m and $1.6bn, making them among the most expensive in the region's history, according to analysis by Risk Management Solutions.
Church Insurer Increases Public Liability Cover as ‘Claims Culture’ Grows
Congregational & General, a national church insurer, has announced that it will be offering all its church choice policyholders the option to increase their public liability cover to £10m.