News
AIG launches HealthChoice
AIG Direct has launched HealthChoice which the insurer says will mark a new era in private medical insurance (PMI).
Bupa releases 2008 financial results
The private medical insurance (PMI) provider reported that its revenues from continuing operations increased by 39% last year to £5.87bn.
Brit CEO says AIG might 'wither' if parts of businesses aren't sold
AIG might "wither" if it does not sell its non-core businesses, a Lloyd's market chief executive has said.
Chaucer has no plans to redomicle in 2009 - CEO
Chaucer has no plans to move its tax domicile to another location, Chaucer's chief executive said today.
Brit Insurance CEO seeing 'capacity crunch' for 2009
Brit Insurance's chief executive Dane Douetil is expecting a "capacity crunch" in 2009, leading prices higher.
Unicorn Underwriting launches new property division
Unicorn Underwriting, the specialist underwriting agency arm of THB group, has secured full delegated authority from Zurich Insurance to start underwriting property investors business.
Auto Windscreens appoints new boss
Following its acquisition of Auto Windscreens at the end of 2008, Arques Industries AG has appointed Peter Fox as managing director.
Aviva outlook revised to negative from stable by S&P
Standard & Poor's Ratings Services said today it revised its outlook on Aviva and certain related operating entities to negative from stable. At the same time, the 'A+' long-term counterparty credit rating on Aviva PLC and the 'AA-' long-term…
Torus appoints new US excess casualty head
Bermuda-domiciled insurer Torus said it has appointed Linc Trimble as its US head of excess casualty.
ABI warns government to heed Brit departure
The Association of British Insurers has warned the UK government that it cannot take its position as a leading global insurance market for granted.
AIG-owned Ascot ups 2009 business plan by $100m
Ascot Underwriting has deposited an additional $100m at Lloyd's to support its 2009 business plan.
Broker teams up with Thatched Owners Group for new launch
Higos Insurance Services has launched an insurance policy for owners of thatched properties. The three-year home insurance plan includes special discounts and the offer of a free chimney inspection by a qualified engineer every three years to help reduce…
Aviva under review for possible downgrade
Moody's has placed Aviva group on review for a possible downgrade following what it described as the "relatively modest performance" of its UK general insurance business.
XL Insurance launches environmental endorsement
XL Insurance has launched its environmental endorsement for general liability policies issued in the UK.
Costa Coffee tongue insured for £10m
Italian Master of Coffee at Costa Coffee Gennaro Pelliccia has insured his tongue for £10m with Lloyd's of London.
Goldman Sachs, Deutsche Bank monster beneficiaries of AIG payout- report
Goldman Sachs and Deutsche Bank have been named as two of the biggest beneficiaries of the downfall of AIG, the Wall Street Journal has reported.
Higos offers thatched property cover
Higos Insurance Services has launched a new insurance policy for owners of thatched properties.
China should establish catastrophe insurance - report
China should establish catastrophe insurance as soon as possible, Wei Yingning, vice-chairman of the China Insurance Regulatory Commission is reported to have said Sunday.
IIB calls for greater representation for brokers
The Institute of Insurance Brokers (IIB) is becoming "increasingly uncomfortable with the regulation of insurance mediation being lumped together with that of banks" according to Barbara Bradshaw, its chief executive.
IIB slams FSA on fees and levies
The Institute of Insurance Brokers is becoming "increasingly uncomfortable with the regulation of insurance mediation being lumped together with that of banks" according to Barbara Bradshaw, its chief executive.
Liberty's reinsurance book sees net written premiums rise
The reinsurance book Liberty International Underwriters saw net written premiums jump 37% over the course of the last three months of 2008, the company said.
Dual promotes MD to executive chairman role
Dual Corporate Risks has promoted managing director Russell Kilpatrick to the newly created position of executive chairman. The new role will enable him to focus on exploring strategic growth opportunities both in the UK and internationally.
Broker targets buys as its profit increases to £7.6m
Carole Nash has posted pre-tax profits of £7.6m (£6.3m) on turnover of £25m (£24.9m) for its last financial year ended 31st December 2008. It attributed the growth to the launch of ancillary products, increased operational efficiencies and a major…
Swiss Re chair steps down a year early
Peter Forstmoser, chairman of the board of directors of Swiss Re, has decided to resign from the Board. He is to be succeeded by Walter B. Kielholz, who was up to now vice chairman.