News
Ironshore makes acquisition
Acquisitive Bermudian insurer Ironshore has bought out Toronto-based reinsurer Marine Re.
Claims firm announces 50 new jobs and office
Imperial Consultants has submitted plans to build a new 7000 sq ft additional office building at its site in Helmshore, Lancashire.
Lloyds TSB introduces monthly PPI product
Lloyds TSB will launch a new payment protection insurance (PPI) product for personal loan customers in January 2009.
Aon Benfield places Olympics cover
Aon Benfield has completed the cancellation and abandonment insurance programme for the 2014 Winter Olympics in Sochi.
Novae gets A- rating from Fitch
Novae Insurance Company Limited (NICL)has been given an insurer financial strength (IFS) rating of 'A-' (A minus) by ratings agency Fitch.
Helphire announces board shake-up
Helphire has appointed Charles Lambert as finance director on an interim basis with effect from 1January.
Aon launches new export guide
Aon has issued a new guide which aims to help British companies take advantage of the weak sterling and associated export opportunities.
Broking trio approved to buy California earthquake cover
The California Earthquake Authority Governing Board has approved Aon Benfield, Guy Carpenter and Willis Re to work on the CEA's behalf to meet the reinsurance needs of the nation's largest residential earthquake insurance provider.
RSA's China operation given regulatory permission
Sun Alliance Insurance (China), a wholly-owned subsidiary of UK insurance giant RSA, has been given regulatory permission to operate reinsurance businesses with its related companies.
Swiss Re in new Vietnam joint venture
Swiss Re and the Vietnam Development and Investment Banking Insuring Ltd Co (BIC) have signed a co-operation agreement to offer insurance packages for small and medium-sized enterprises (SME).
As many as four 'intense' hurricanes predicted in 2009 - CSR
There will be as many as four intense hurricanes in 2009, forecasters at Colorado State University say.
Zurich in settlement with SEC
(BestWire) - The U.S. Securities and Exchange Commission filed a lawsuit against and simultaneously entered a $25m settlement with Zurich Financial Services. The lawsuit alleged civil securities fraud related to finite reinsurance transactions.
Scor concludes legacy issue with SEC
Scor has reached an agreement with the US Securities and Exchange Commission to resolve a long-running investigation involving the entity formerly known as Converium.
Adviser jailed for commissions scam
An adviser who cheated major insurance companies into paying over £1 million in up-front commissions on fake policies has been jailed for five years.
Max Capital's oulook revised to positive by AM Best
Bermudian (re)insurer Max Capital Group has had its outlook upgraded to 'positive' from 'stable' on all of its ratings by AM Best.
Randall & Quilter chairman wins court case
The English Commercial Court has issued judgement in the trial of preliminary issues between R&Q affiliate Cavell USA, Ken Randall, chairman of Randall & Quilter, and Seaton Insurance Company and Stonewall Insurance Company, US insurers in run-off.
Nacho teams up with AMA for new credit hire group
The Accident Management Association and the National Association of Credit Hire Operators have formed a credit hire focus group to work together on delivering solutions to the challenges faced by the industry.
AIG's Liddy cools down asset sale rumours
AIG chief executive Edward Liddy has scotched rumours that the company may be selling up to $15bn of assets by the end of the year.
Kennedys continues expansion in West Midlands with new team
Law firm Kennedys has continued its expansion in Birmingham following the appointments of partners Eamon Mooney and Robert Welfare, solicitor Angela Fisher and trainee legal executive Julie Barnes from DLA.
Arista in Manchester move
Arista Insurance has promoted Jim Morrison to the position of regional underwriting manager for the North west.
Willis appoints new Brazil head
Willis has appointed José Otávio Sampaio as chief executive for Willis Brazil, one of the biggest growth areas for the global insurance broker. He will report to Eugenio Paschoal, CEO, Willis Latin America and former CEO of Willis Brazil.
XL says to expect further mark to market losses in Q4
XL, the Bermudian (re)insurer, said that it expects to report approximately $200-$220m in net investment fund affiliate losses from its alternative investment portfolio for the fourth quarter of 2008.
Aon: Irish recall cover warning
Aon has warned that the Irish pork recall is a reminder of the need to have the right kind of insurance in the event of a product recall.
World Aids Day support from BUPA
BUPA has given £10,000 to Medecins Sans Frontieres (Doctors Without Borders) in support of World Aid...