News
Appointment at Benfield
Benfield has made Klaus Riechmann joint managing director of its Munich office. Mr Riechmann has mor...
Trade bodies pre-empt FSA with new guidelines
Insurance and broking trade associations have clubbed together to pre-empt Financial Services Author...
Appointment at Claims Standards Federation
The Claims Standards Federation has made Dr Tony Burns-Howell chief executive. He will head up a sma...
Pension fund buys 14.9% stake in broker
Hermes Pensions Management Limited has acquired a total of 14.9% stake in the AIM-listed Community Broking Group.
S&P claims 2005 market will test reinsurers
Standard & Poor's (S&P) has claimed that the resolve of the reinsurance community will be further tested in 2005, as management seeks to balance the demands of clients, brokers, and shareholders to maintain current underwriting volumes with the potential…
Toa Re management changes
Toa Reinsurance (Toa Re), based in Tokyo, Japan, has announced that Teruhiko Ohtani will be appointed president and chief executive at the general shareholders meeting, to be held on 29 June 2004.
Montpelier Re announces share repurchase
Montpelier Re has announced that the company's board of directors has approved the repurchase of up to $150m of its common shares.
Surveyors warned over FSA Regulation
Surveyors providing and advising on insurance cannot risk waiting for a Government u-turn on regulation by the Financial Services Authority, according to commercial law firm Reynolds Porter Chamberlain.
RFIB founder makes way for Willis Marine boss
Lloyd’s broker RFIB Group has appointed Stephen Hirst as director of RFIB Marine.
NU duo take up new roles
Medical insurer, Clinicare has appointed two new business development managers to strengthen its support of the intermediary market.
Highway moves to acquire brokers through new retail division
Highway has today launched a retail division in order to acquire a number of UK brokers, improve its earning stream and smooth the impact of the underwriting cycle
LMA appoints first underwriting and claims head
The Lloyd’s Market Association has appointed Bill Rendall as its new head of underwriting and claims.
NAIC claims AM Best study approves state insurance regulation
The National Association of Insurance Commissioners’ (NAIC) is claiming that a recently published study by rating agency AM Best, entitled Best’s Insolvency Study: Property/Casualty U.S. Insurers, 1969-2002, provides further evidence that the national…
LCL launches consultancy for London market
LCL Consulting has set up a new project consultancy division to provide London market professionals with specialist teams focused on niche markets such as broking, portfolio administration and the Financial Services Authority.
RAA releases US P&C figures
The Reinsurance Association of America (RAA) has released the results of a new survey of US property/casualty insurers results.
D&G expects minimal Competition Commission impact
Warranty protection insurer, Domestic & General has reported its results for the nine months up to 31 March 2004, with its core UK warranty turnover up 9.4% to £155.8 million.
BMA grants Bahrain captive licence
The Bahrain Monetary Agency (BMA) has granted a licence for a captive insurance management company, the first of its kind in the GCC region.
Appointment at Reynolds Porter Chamberlain
Commercial law firm Reynolds Porter Chamberlain (RPC), has appointed Paul Nicholas as senior partner...
Appointment at White Mountains Re
Steve Fass has been appointed president and chief executive of White Mountains Re, a new company tha...
Appointment at Hardy Underwriting Group
Hardy Underwriting Group has announced that its new financial institutions underwriting team is comp...
Moody's Investors Service upgrades
Re-ratings
Goshawk Re rebrands
Goshawk Insurance Holdings has announced the rebranding and renaming of its Bermuda-based reinsuranc...
Appointment at Allianz Life Insurance Malaysia Berhard
Chris James has been appointed chief executive of Allianz Life Insurance Malaysia Berhard. Mr James ...
Swiss Re calls for more research
Swiss Re has called for more research on the possible effects of the growing use of nanotechnology. ...