News
Axa benefits from Swiftcover ad campaign
Swiftcover ads deemed a success.
Lloyds TSB pilot to trial in-house loss adjusting
GI FD Steve Hughes outlined 16 week pilot.
Aviva takes "flexible" approach to rate rises
CEO Igal Mayer linked 21% drop in GI sakes to economy.
Affinity deals will fuel Sinclair's ambitions for Coversure
Kevin Sinclair joined this week.
Maso ready to sacrifice business in rates drive
Philippe Maso: prepared to lose up to 15% of commercial book.
AIG strikes deal to sell Hong Kong finance operations
AIG has struck deals to sell its Hong Kong consumer finance and India-based IT services units, in its continued bid to raise cash to repay more than $80 billion in bailout loans.
Guy Carpenter expands Latin America and Caribbean Operations
Guy Carpenter names ex-Aon Benfield senior exec. Aidan Pope new CEO of Latin American and Caribbean operations.
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