News
Glencairn bolsters team with Axis hire for property push
Glencairn, a division of broker Faber & Dumas, has recruited John Andrews as an account executive to help spearhead the company's push towards increasing its US and international property binding authority business.
Travelers FY net income tumbles 36%
Travelers, the US insurance giant, said that net income for the year tumbled 36%, due to heavy catastrophe and investment losses.
Union law firm weighs in over EL bureau debate with snipe at insurers
Thompsons Solicitors has stepped up its campaign for an employer's liability insurance bureau in EL, by blasting companies for their irresponsibility or incompetence in keeping records.
Senior Fac property underwriter moves from Beazley to Brit - sources
Brit Insurance has brought in senior property underwriter John King from Beazley, Reinsurance has learned.
Merlin consolidates services into new North west office
Merlin Professional Claims Services has consolidated a number of services in a new office in Warrington as part of a strategy to create up to 10 offices at key locations across the UK.
S&P 'guardedly optimistic' for medium and longer team future of the Qatari insurance sector
Investors should be "guardedly optimistic" for the medium- and longer-term future of the Qatari insurance sector, ratings agency S&P has said.
RGA FY net income tumbles nearly 40%
US life reinsurer Reinsurance Group of America said that full year net income for 2008 tumbled nearly 40% after losses on investment securities spiralled.
Former Swiss Re boss given Lloyd's role
Canopius Managing Agents has appointed Tim Carroll as underwriting director of the agency with effect from 16 February, subject to requisite regulatory consents.
Quinn Insurance announces boardroom shake up
Quinn Insurance has carried out a restructuring of its board. It added the move was part of a "process to ensure that [it] implements corporate governance structures that are more independent of the wider Quinn group and which resemble those of a…
CV Starr, Ironshore in new joint venture
Ironshore, the Bermuda-domiciled insurer, said that it has formed a joint venture with US insurer CV Starr to create Iron-Starr Excess Agency Limited.
Aon: underwriters expect premiums to rise in motor, liability and property
Around 92% of underwriters expect motor insurance premiums for UK companies to increase in the first quarter of 2009, according to broker Aon's Market Pulse report.
THB sees pre tax profit dip to £0.9m
Lloyd's broker this morning reported turnover of £51.9m (year ended 30 April 2007: £28.7m) and an underlying trading profit £4.6m (year ended 30 April 2007: £4.3m) for the eighteen months ended 31 October 2007.
AIG's real estate arm to sell fund management business
AIG's real estate arm, AIG Global Real Estate, is to sell its fund management business, the company said.
GAB UK in MBO as international business goes to Stonepoint
GAB Robins UK management team led by chief executive Kieran Rigby is close to sealing a deal for the business, Post understands.
LV joins Go Compare panel
LV has joined Go Compare's home insurance panel.
Bodyshop network spurns MVRA proposal
Bodyshop network ABP Club has decided not to pursue a formal agrement with Capita subdisiary MVRA after discussions with members.
International insurance capacity important for Middle East construction market - JLT
International insurance capacity will remain important in the changing Middle East construction market, said a partner at (re)insurance broker Jardine Lloyd Thompson at a conference in Bahrain.
Ace launches new solution
Ace Europe has launched a new insurance and risk management solution for mid-sized companies with overseas subsidiaries or assets.
Browne Jacobson hires new partners
Specialist insurance law firm Browne Jacobson has appointed two new partners to its recently opened City office.
LMA CEO joins Lloyd’s service provider as non-executive director
JMD Specialist Insurance Services (JMD) has announced the appointment of Lloyd's Market Association chief executive David Gittings as a non-executive director.
ING replaces CEO; says to cut 7,000 jobs
ING, the Dutch bancassurer, said that it has replaced its chief executive Michel Tilmant with current chairman Jan Hommen.
International athlete joins insurance claims firm
Outsourced claims provider Bankstone has appointed Steve Halliday as national sales manager.
Tokio Marine signs joint venture with Japanese telecoms giant
(BestWire) - Tokio Marine Holdings Inc. [85100] has signed a business and capital alliance agreement with NTT Finance Corp., a subsidiary of Japan's main telecommunications group Nippon Telegraph and Telephone Corp., to establish a joint venture for…
Giles wins major account in first national tender
Giles Insurance Brokers has been appointed as sole insurance advisor to the National Federation of Builders.