News
Benfield encouraged by US and European growth
International reinsurance broker Benfield Group has reported a £60.1m increase in its profits before...
Royal and Sun Alliance relocates group head office
Royal and Sun Alliance is this week relocating its group head office to the City of London to get cl...
Unlimited liability
Monte Carlo News
Aon's latest survey
Monte Carlo News
Aquilo reports increase in turnover
Aquilo, the motor and household insurance support services specialist, has reported an increase in t...
Mutual association supports Myners Review
The Association of Mutual Insurers, formed this week, has issued a positive collective response to the current consultation document emanating from the Myners Review of the Governance of Life Mutuals.
Talbot appoints new political risk underwriter
Lloyd’s insurer Talbot Underwriting has announced the appointment of James Bamford to the position of political risk underwriter in succession to Nicky Ablett, who is leaving Talbot after 12 years with the group. The appointment is subject to regulatory…
Prudent insurance companies should ride out storms says Hiscox
Insurance companies should ride out the hurricane season, according to Hiscox Investment Management, because those that have successfully managed their exposures and have appropriate reinsurance will see medium-term benefits as prices harden.
New recruit for Marsh Southampton office
Marsh has appointed Tristan Webb as a development executive in the company's Southampton office. Working within the corporate development team, Mr Webb will focus on developing Marsh's business in the Southern Region.
Saga puts IPO plan in motion but refuses to rule out sale
Over fifties insurance specialist Saga today announced plans to seek a full listing on the London Stock Exchange. However, it has still not ruled out a sale.
Heath Lambert launches Iraq cover
Heath Lambert Group has launched a facility designed to provide cover for clients' cargo needs to destinations anywhere in Iraq.
Property broking giant announces £9.2m profit as parent mulls sale
Hercules Property Services, which owns a number of insurance brokers, today reported that it is in talks in relation to a potential offer being made for the entire issued and to be issued share capital of the company.
New risk research publication from BHRC
The Benfield Hazard Research Centre (BHRC) has launched a new annual publication aimed at bringing the latest in hazard and risk research to the insurance industry.
Crawford launches international unit
Crawford & Company has announced the formation of a new strategic account management team to support its international corporate customers.
Insurance sector takes on the blame culture
Patrick Snowball, executive director general insurance, Aviva, has called for reinsurers and insurers to take a role in moving away from the 'blame and claim' culture which is becoming increasingly prevelant in the UK. Speaking at the Reinsurance Rendez…
RJ Kiln announces new underwriting deal
RJ Kiln has announced that it has finalised a deal with WR Berkley to underwrite new reinsurance business.
Hiscox announces record profits
Hiscox has reported record profits in its half-year results with operating profit up 134% to £61.7m and pre-tax profit up 61% to £50.8m.
London insurance market looks for cost savings
The London insurance market is upbeat and enjoying a strong year according to research by PricewaterhouseCoopers (PwC). However, speaking at the Reinsurance Rendez-Vous in Monte Carlo, Philip Calnan, partner, said that the market conditions were set to…
Converium reacts to S&P rating action
Swiss based reinsurer Converium, which has put its US operation into run off, said it was disappointed with Standard & Poor's decision to lower the company's ratings to BBB from A-. It added that the rating action by S&P, in conjunction with AM Best's…
Towergate puts ex HHH boss in charge of new division
Towergate Underwriting Group has acquired a portfolio of home insurance from Network Data Limited, a UK mortgage broker network.
Unlimited liability will end say Reinsurers
The Reinsurance sector has indicated that it is not going to cover unlimited liability indefinitely. Some French business and the UK third party motor liability market are still written on an unlimited basis but Reinsurers such as Swiss Re and Munich Re…
Just say no call by Coomber
John Coomber, Swiss Re CEO insisted his company would just say no to business at the wrong price and that he hoped the industry as a whole would not repeat the follies of the past "and fly too close to the sun once again."
Independent decision could see brokers collect millions claims IIB
Brokers could collect millions in premiums in the event of an insurance company failiure following a recent legal decision regarding Independent Insurance.
30% of solicitors firms are yet to renew their PI
Around 30% of solicitors practices have not completed a profession indemnity renewal form this year, despite the addition of an extra month to the season, according to Alexander Forbes Professions.