News
Longhawk confirms management reshuffle
Longhawk group has announced that managing director Paul Smith and finance director Tim Ward have both stepped down from their respective roles.
AIG link to New York crash
AIG is believed to be an insurer on the commercial airliner that crashed in New York yesterday.
LV Broker opens new office
LV Broker has opened a new office in Birmingham covering the East and West Midlands.
Post launches insurance fraud initiative
Post has launched the Insurance Fraud Awards 2009 which will be presented at a special awards dinner on 1 October in London. Anthony Gould, Post group editor in chief, commented: "Fraud is at the top of the general insurance industry's agenda this year…
RFIB reports uplift in revenue and profit
RFIB, the Lloyd's insurance and reinsurance broker has reported that operating revenue for the 12month period ended 30 June increased by 12% to £34.0m (2007:£30.4m). Profit before tax for the same period increased by 44% to 4.4m (2007:£3.1m).
FSA issue warning over unauthorised insurance provider
The Financial Services Authority has issued a consumer warning about Aquote, an unauthorised firm which has been selling a range of locum insurance policies to GP surgeries across the UK.
Go Compare CEO tells consumers to shop around as insurers don't reward loyalty
Go Compare has called on the industry to sort out the issue of rising motor premiums.
Guy Carpenter's Reinsurance Solutions head steps down
Guy Carpenter, the reinsurance broking arm of Marsh & McLennan, said that Sal Zaffino has stepped down as chairman and chief executive of its Reinsurance Solutions business, which specialises in tailored insurance and reinsurance services.
Sterling selected as primary admin provider for CUNA Mutual Europe
Sterling Insurance Group subsidiary, Sterling Administration Services, has been selected as primary provider of insurance administration services to CUNA Mutual Europe.
PB Week: Adrian Colosso's guest blog
To misquote Charles Dickens, these have been the worst of times and, if we believe everything we read and hear via the global media circus, the best of times are a long way off, writes Adrian Colosso, chief executive of Heath Lambert.
Jubilee makes Suttle promotion
Lloyd's manging agency Jubilee has promoted Justin Suttle to deputy syndicate underwriter for its Lloyd's Syndicate 1231.
Markel snags senior casualty underwriter from AIG unit
Markel International Limited, the specialty property and casualty insurer, has appointed Louisa Lu as senior casualty underwriter in the product liability division of Markel International Singapore. Louisa will report to Peter Phillips, managing director…
Clyde & Co appoints new marine insurance and litigation practice
Clyde & Co, the law firm, has appointed marine insurance and litigation specialist John Woods to join its New York Insurance and Reinsurance practice.
Daman triples client base over two years
Daman, the UAE-based health insurer, said that it has doubled its client base to 1.6m people over the last two years, the company said in a staement.
Madoff may cost insurance industry $1.8bn - Aon Benfield
The Bernard Madoff scandal may cause insured losses of $1.8bn, according to research by Aon Benfield.
Brit enhances motor fleet policy
Brit Insurance Holdings has made a number of enhancements to its commercial motor fleet policy.
Brit enhances motor fleet policy
Brit Insurance Holdings has announced a number of enhancements to its commercial motor fleet policy, which are available with immediate effect to new customers and at renewal for existing customers.
Hannover Re in €100m life reinsurance capital markets transaction
Hannover Re has transferred a portfolio of life and annuity reinsurance to the international capital markets, the company said in a statement.
UK Broker Summit gathers pace
Professional Broking's inaugural UK Broker Summit has now secured respected economist Doug McWilliams of the CEBR and John Bahnam, former leader of the Confederation of British Industry as key note speakers.
Ironshore adds another former AIG executive
Ironshore added yet another former AIG executive when the Bermuda-based insurer appointed Geoff Smith as its worldwide head of its new excess liability division.
Platinum Re ups Ike estimates
Platinum Underwriters Holdings, the Bermuda-based (re)insurer, has increased its loss estimate from Hurricane Ike by approximately $60mto a total estimate of approximately $165m, net of reinstatement premiums and tax benefit.
Hampden hails return of the Names
Hampden Agencies, an advisor to private capital at Lloyd's, today said the emerging trend from Lloyd's insurers to raise new funds via private capital is set to increase. Over the last decade new capital has come primarily through debt and equity markets…
Xchanging to appoint McCulloch as UK insurance head
Xchanging, the outsourcing and technology provider to the insurance industry, is to unveil Stewart McCulloch as the head of its UK insurance operation, Reinsurance has learned.
Arista continues to ramp up Manchester office
Arista Insurance, the commercial lines underwriting operation, has appointed David Matthews as senior development underwriter to meet the demand from brokers in the north.