News
Alea results show £102m loss
Reinsurer Alea has announced its full-year 2005 results and provided an update on its run-off strate...
AIG plans sale of 24% stake in IPC
Bermudian reinsurer IPC has announced that AIG has given notice of its intention to sell up to 15.39...
Glacier Re obtains licence for Mexico
Glacier Reinsurance has announced that it has received a licence to write reinsurance business in Me...
RAM Re files for $200m Nasdaq IPO
Ram Holdings, the parent company of Bermudian financial guarantee proportional reinsurer RAM Re, has...
Lloyd's reports £103m loss for 2005
Lloyd's has reported a loss of £103m for 2005, down on the £1367m profit it made in 2004. It also an...
Benfield and Merrill Lynch cat bond link
Benfield has formed a relationship with Merrill Lynch to offer insurers and reinsurers catastrophe (...
G6 agrees electronic transfer
The G6 group of Lloyd's managing agents has agreed to a new process using Acord data standards. The ...
Stone Point swoops for Axa Re
French-based global insurer Axa has confirmed that (re)insurance venture capital-fund manager Stone ...
Tower confirms CastlePoint Re Bermuda start-up details
US property/casualty insurer Tower Group has entered into a strategic relationship with CastlePoint ...
Clarification
Following the publication of our Australian market report on page 32 of April's magazine entitled Au...
FSA creates 'easy-to-use' guidebook
The UK's Financial Services Authority (FSA) claims to have designed a personal guidebook for all fin...
Omni reveals new syndicate plans
Omni Whittington is in the advanced stages of planning to develop a new Lloyd's live underwriting sy...
Why 9/11 is still with us
Marc Jones examines the return of a cataclysmic loss the industry thought it had already paid
Capital influx could lead to dramatic fall in rates
Insurers risk facing big underwriting losses in the future if they fail to introduce early warning s...
Towergate in the Red
Towergate Risk Solutions has expanded its Romford broking capability through the acquisition of Leyton-based Red Insurance.
Solvent scheme hailed as another post-BAIC success
Gordian RunOff (UK), advised by Reynolds Porter Chamberlain (RPC), is the latest of a small number of companies to gain approval from the High Court for a solvent scheme of arrangement since the BAIC decision last July.
Biba announces 2007 conference location
The British Insurance Brokers Association Conference 2007 will be held at ExCel, Docklands, London 23rd - 25th May, it was announced today
Groupama in new SME broker push
Groupama Healthcare has launched Santé, a new private medical insurance product designed specifically for brokers and intermediaries targeting the SME market.
Lloyd's broker fined by FSA over employee subject to police investigation
Lloyd's broker Besso has been fined £20 000 by the Financial Services Authority for not seeking approval for individual.
Montpelier Re posts Q1 2006 results
Montpelier Re has reported comprehensive income for the first quarter ended March 31, 2006 of $48.5m compared with $36m, for the same quarter of 2005.
Aviva exec Snowball pleased with £87 m deal
Aviva has sold the vehicle solutions businesses of RAC plc to VT Group plc for £54.4m in consideration for the net equity of the businesses and an additional £32.6m to settle amounts owing to Aviva group companies. The total cash receivable is £87 m.
RSA in motor partnership with COBRA
Royal & SunAlliance has today announced a new personal lines motor proposition exclusively for members of the COBRA Network, an independent network of commercial brokers. The proposition, which will be available from 1 May 2006, has been designed in…
Thomas, Carroll chairman retires after 50 year career
Evan Thomas, chairman and co-founder of Thomas, Carroll has retired after a 50 year career in insurance broking.
Biba Conference breaking news: Trade body in terror cover warning
Following the recent bomb attack in Egypt, the British Insurance Brokers’ Association this morning called on insurers to cover terrorism as a matter of course in insurance policies and warned travellers to check their policies.