News
Democrats win second Senate healthcare vote
US Democrats have won the latest vote in the US Senate on US health reform.
Vast majority of professionally valued buildings underinsured
Aviva has warned that property owners need to review sums insured to prevent underinsurance as research shows 77% of professionally valued buildings are underinsured.
Tawa reports results upswing
Insurance services group reports profits of $11.2m in sharp contrast to loss of $42.4m in 2008
Brit Insurance publishes quarter one cat loss forecast
Brit Insurance has concluded an initial review of its expected claims arising from recent catastrophe events - the earthquake in Chile and European Windstorm Xynthia.
Brit Insurance publishes quarter one cat loss forecast
Brit Insurance has concluded an initial review of its expected claims arising from recent catastrophe events - the earthquake in Chile and European Windstorm Xynthia.
OFT gives clearance to Marsh HSBC merger
The Office of Fair Trading has decided not to refer the merger of Marsh and HSBC Insurance Brokers to the Competition Commission.
Zurich to restate results after changing US accounting
Zurich has decided to implement a hedging strategy which it claims will better manage its economic exposure and reduce the volatility associated with its closed block of variable annuities products within its US life business.
Zurich to restate results after changing US accounting
Zurich has decided to implement a hedging strategy which it claims will better manage its economic exposure and reduce the volatility associated with its closed block of variable annuities products within its US life business.
Heritage claims industry first following Heath Lambert acqusiition
Heritage Insurance Management in Guernsey has claimed a world-wide first by amalgamating two Protected Cell Companies into one.
Heritage claims industry first following Heath Lambert acqusiition
Heritage Insurance Management in Guernsey has claimed a world-wide first by amalgamating two Protected Cell Companies into one.
Marsh will not accept contingent commissions in US
Marsh & McLennan’s US and Canada unit will not collect controversial contingent commissions in its core broking operations.
Chubb appoints two new managers to its London operation
Chubb Insurance has appointed two new managers to its London office. Andy Francis has been named as head of the commercial insurance division and Ralf Rebetge head of Chubb’s specialty insurance division.
Florida jury awards $26.6m to smoker's widow
A Florida jury has ordered cigarette manufacturers RJ Reynolds and Philip Morris to pay $26.6m to the widow of a longtime smoker who died of lung cancer, the latest verdict in the Engle progeny lawsuits.
Willis appoints head of North American financial services practice
Richard Magrann-Wells appointer senior VP and leader of North American financial services practice.
Greenberg: US businesses China ties at risk
The former AIG head Hank Greenberg has said the row between the US and China over the yuan could threaten US businesses in the region.
HIH liquidator poised to pay out
The winding up of HIH Insurance was largely complete following the formal settlement in an Australian Supreme Court according to liquidator Tony McGrath
Sir Jackie Stewart denies supercar claims
Three times Formula One world champion Jackie Stewart has denied claims that he was behind the wheel of a supercar which crashed near Aberdeen, the BBC has reported.
MMA to open three new commercial branches
Broker-only insurer MMA is set to open new offices in Newcastle and Chelmsford in April; and Bristol in May.
Catastrophe rates to rise - Allianz Re
The earthquake that struck Chile last month may help boost rates for catastrophe reinsurance this year, Clemens von Weichs has said.
Allianz sets up new motor claims team to cut settlement times
A new team has been appointed within the Allianz Insurance claims division to focus on beyond economical repair claims.
Garwyn recruits new fraud policy head
Garwyn has appointed Tracy Kenny in the newly created role of policies and procedures officer. Reporting to Ian Chapman, finance director, Ms Kenny will be based at Garwyn’s claims management unit in Birmingham.
Buffett raises Munich Re stake
Warren Buffett, already Munich Re's biggest individual shareholder, has built up his stake to nearly 8%, the reinsurer revealed on Thursday
Aviva pays out £300 000 super car claim
Aviva has confirmed that following a crash in September last year, it has paid £300 000 to repair a Pagani Zonda S.
Lord Myners rubbishes Tory FSA plans
Lord Myners has warned that the Financial Services Bill is in danger of falling by the wayside as a result of it running out of time due to "distractions" arising from the political opposition.