News
US doomed to another crisis if financial reforms are not implemented – Obama
President Barack Obama scolded the US financial services sector for its "furious efforts" to fight tighter regulation, saying the United States was doomed to another financial crisis if reforms were not implemented.
Prudential sees Asian listings in May
Prudential has revealed it plans to list in Hong Kong in May, and also announced a secondary listing in Singapore as it prepares to fund its $35.5bn takeover of AIG’s Asian arm, AIA.
Singapore Re in Q1 results jump
Singapore Reinsurance has posted an 80% jump for its first quarter net profit to S$3.6m.
Ariel Re appoints new CEO
Bermuda based (re)insurer promotes Tom Hulst to CEO of its reinsurance operations.
Swiss Re, Lloyd’s see boost for insurers in Dodd Bill
Proposed plans to create US Treasury Department office to negotiate international regulations have drawn praise from (re)insurers.
R&Q acquires La Licorne
Randall & Quilter has acquired a French run-off reinsurer of third party motor business for €3.2m.
R&Q acquires La Licorne
Randall & Quilter has acquired a French run-off reinsurer of third party motor business for €3.2m.
Motor rate rises come to an unexpected halt, claims the AA
The sharp car insurance premium increases of 2009 came to an unexpected halt over the first quarter of 2010, according to the latest benchmark AA British Insurance Premium Index.
Zurich puts quake bill at $200m
Zurich announced today that based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200m before tax.
Quinn Insurance administrator prepares staff for cuts
The administrator of Quinn Insurance has indicated that it will have to cut jobs to keep the business viable.
Zurich puts quake bill at $200m
Zurich announced today that based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200m before tax.
Quinn Insurance administrator prepares staff for cuts
The administrator of Quinn Insurance has indicated that it will have to cut jobs to keep the business viable.
Bermuda insurers on slip for US oil rig explosion - sources
Ace, Axis Capital and Lancashire are all on the slip for the US oil rig which exploded in Louisiana earlier this week, according to Reinsurance sources.
Insurance websites dodge VAT after court hearing
HMRC has lost a hearing in the Appeal Court today to rule insurance intermediary services as liable to VAT, in a case involving website Insurancewide.
Second Icelandic eruption could cause mortality risk - RMS
The recent eruption could trigger a larger eruption of nearby volcano Katla, which could pose a significant morbidity and mortality risk, according to RMS.
New investment head for Zurich
Zurich has appointed Urban Angehrn to the position of head of investment strategy implementation. He replaces Cecilia Reyes, who has been appointed chief investment officer and member of the group executive committee.
Platinum reports Q1 results slump
Platinum Underwriters' first-quarter profit fell 82% on lower earned premiums.
Kwik Fit Insurance set to recruit 70 people
Insurance intermediary Kwik Fit, is looking for 70 people to take up careers at its Uddingston call centre.
Stewart departs Guy Carp
The head of Guy Carpenter's retro team has left the company amid rumours of another corporate restructuring at the reinsurance broking giant.
New investment head for Zurich
Zurich has appointed Urban Angehrn to the position of head of investment strategy implementation. He replaces Cecilia Reyes, who has been appointed chief investment officer and member of the group executive committee.
Chubbs appoints new European accident & health manager
Chubb has appointed Steven Ord as European accident and health manager.
APC updates property owners product
Commercial insurance underwriting agency is to make a number of changes to its residential let and commercial let products.
Groupama begins broker roadshows
Groupama Insurances is hitting the road with a series of broker roadshows as part of its ongoing commitment to develop close and individual relationships with commercial brokers across the UK.
Quinn welcomes regulator's decision
Quinn Insurance has welcomed the Financial Regulator's decision to allow it to begin offering private motor insurance cover for provisional licence holders in the UK.