News
XL begins new CEO hunt
Brian M O'Hara, president and chief executive of XL, is to retire as president and chief executive i...
UK intellectual property insurance push
UK broking group Somerville Holdings has appointed of Sarah McCooey, former managing director of Llo...
1987 storm repeat would cost £7bn
The windstorm that hit southern England and northern France in October 1987 would cost insurers up t...
Independent Trial - Indie directors found guilty
Three former senior directors of Independent Insurance have been sent to prison after being found gu...
Guy Carp suit with defectors settled
Reinsurance broker Guy Carpenter has confirmed it has settled UK litigation pending against three fo...
Hiscox launches three-in-one terror cover
Hiscox has launched a three-in-one insurance policy to protect companies against the individual or c...
Flagstone wins Dubai approval
Dubai's financial services authority has granted Flagstone Re approval for its new subsidiary to ope...
Russian insurance market set to double by 2010 says Lloyd's report
The Russian insurance market is set to double in value to $41bn, between 2006 and 2010, according to...
$260m Japan quake risk shifts to capital markets
A $260m catastrophe bond, offering protection against a major earthquake in Tokyo, has been placed b...
Integro boosts London operation with Willis swoop
Integro has appointed Guy Bessis as managing principal of its newly established international (re)in...
Aspen in $50m accelerated share buyback
Bermudian (re)insurer Aspen has entered an accelerated programme to buy back and cancel a further $5...
Talbot launches Asia platform
Specialty insurance group Talbot Underwriting has today announced the establishment of its first Asian-based venture.
Post pick of the week
Jonathan Swift, editor, Post Magazine, provides a run down of the major news from the general insurance sector this week, as reported in tomorrow’s issue of Post including: affinity players and aggregators face huge tax bills after ruling; Indie trial…
Lawyers move into cyberspace
Simpson Millar LLP has become one of the first law firms in the UK to launch a new "virtual office" in Second Life - an online, sophisticated 3D virtual world.
China Re prepares for IPO
China is expected to make an initial public offering (IPO) in the beginning of 2008, following a reconstruction that has made it the largest reinsurer in Asia.
Broker EPG given Lloyd's nod
EPG Insurance Services, a UK and international specialist provider of auto and machinery products insurance, has been granted Lloyd's broker status.
Mapfre in record $2.2bn US merger
Spanish insurer Mapfre and US insurer Commerce have announced the signing of a merger agreement by which Mapfre will acquire 100 per cent of Commerce for €1,538m ($2,207m).
Insurewithease set for launch next month
A new insurance website is launching with the aim of becoming one of the top personal lines insurers by 2010.
Defaqto report blasts aggregators
Defaqto has warned consumers buying insurance on the internet that they need to be careful when using web aggregator sites.
Marsh Launches Global Events Practice
Marsh has launched a Global Events Practice to provide risk and insurance solutions to sports and events clients worldwide.
Marsh launches new sports and events arm
Marsh has today launched a global events practice to provide risk and insurance solutions to sports and events clients worldwide.
Private equity firm buys Cunningham Lindsey
Private equity fund manager Stone Point has agreed a deal to acquire a majority stake in Cunningham Lindsey.
Legal Services Act given Royal Assent
An independent body which will handle consumer complaints about legal services in England and Wales is now a step closer under new legislation approved today.
New Fraud Bill provision hailed
Following Royal Assent to the Serious Crime Bill today, CIFAS - The UK’s fraud prevention service welcomed the new provisions that will allow public authorities to step up their fraud prevention measures by engaging in appropriate data sharing with one…