News
Breach of contract lawsuit
Guy Carpenter sues three London Integro defectors
Partner Re buys non-French renewal rights of MCR
Partner Re has signed a definitive agreement with the French Monceau Group, effective 1 July 2007, t...
Cooper Gay sells stake in business
Cooper Gay has announced that SC Insurance and Risk Services (SGPS), a subsidiary of the Portuguese ...
$600m new Pentelia reinsurance venture launched in Bermuda
Bermudian (re)insurance group White Mountains has joined forces with French investment bank NATIXIS ...
Fear of kidnapping must be addressed
Global broker Aon has called on the oil industry to address employee concerns over the increasing nu...
Flagstone Re first to graduate with second rating
Class of 2005 Bermudian reinsurance start-up Flagstone Re has been awarded an 'A-' rating from ratin...
Talbot sale to Validus completed
Bermudian reinsurer Validus Holdings has bought Lloyd's specialist (re)insurer Talbot, the Bermudian...
Russian group pick ex-SVB figure to head London office
Oslo Marine Group, the investment, insurance and leasing group, based in St Petersburg, Russia, has ...
SCOR wins Converium with sweetened offer
The board of directors of Converium has unanimously accepted a revised offer from rival insurer SCOR...
Munich Re buys Lloyd's broker
Reinsurance giant Munich Re has bought its long-term partner, Lloyd's broker Bell and Clements, in a...
Brazil's reinsurance prices set to fall
Prices in the Brazilian reinsurance market are set to fall when the market is finally opened up in 2...
Ironshore wins South Carolina and Florida licences
Bermudian start-up Ironshore has been approved to provide property/catastrophe insurance on an exces...
Culver hints at good times ahead
AIM-listed broker Culver is attempting to allay fears about falling premium income with news of acquisitions and new contract wins in the pipeline.
Composite launches Title Insurance
Composite has launched Composite Title which provides specialist insurance products to mortgage lenders, IFAs and law practices in the UK. The new product pays an indemnity when things go wrong with the title of a property - residential or commercial -…
FSA raises regulatory fees
The Financial Services Authority (FSA) has announced the final FSA fees and Financial Ombudsman Service levies for regulated firms for 2007/08.
FSA introduce new investment business rules
The Financial Services Authority (FSA) has published a Policy Statement which, it believes, will lead to a radical simplification of the rules firms need to follow in carrying out investment business with their customers.
Mitsui Sumitomo and Munters to provide innovative commercial property services
Mitsui Sumitomo Insurance (London Management)(MSILM), the general insurers, has revealed that it will be extending its range of commercial insurance and risk management products to include innovative building assessment services.
Marine insurer Gard increases premiums 16%
Marine P&I insurer Gard has reported gross written premium of $647m for the year ending 20 February 2007, an increase of 16%.
Hill Dickinson fee income up 31%
Law firm Hill Dickinson has reported fee income of £68.4 million for the 2006/2007 financial year.
FSA raises regulatory fees
The Financial Services Authority published the final FSA fees and Financial Ombudsman Service levies for regulated firms for 2007/08.
Greenlight announces IPO
Cayman Islands-based reinsurer Greenlight Capital Re has announced the completion of its initial public offering (IPO) of 11 787 500 shares at $19 per share.
Insurance buyers troubled by broker u-turn on fees
The Risk and Insurance Management Society Risk has called on members to evaluate the level of transparency and full disclosure in their broker relationships, vocalize their concerns and hold their providers accountable. It follows findings that some…
Jelf swoops again
Jelf Group has acquired the combined businesses of Cheltenham Insurance Brokers and Cheltenham Insurance Brokers Life and Pensions further expanding Jelf’s presence in Cheltenham.
Broker job worries are widespread
More than eight in 10 brokers worry about work while on holiday and nearly seven in 10 fear for thei...