News
Amlin's syndicate income falls 11.3%
Amlin has reported a fall of 7.5% in gross written premium (before deduction of brokerage) for the first 10 months of the year to £904.1m compared to the same period last year (2007: £977.2m).
Reinsurance rates set to soar, says Amlin
The reinsurance market is poised to see a strong rise in rate levels while added pressure on reinsurers due to less available capital is limiting their appetite for risk, according to Amlin.
Economic crisis may lead to growth in captives
Uncertainty caused by the current economic crisis may lead to an increase in captive formations, according to a survey of delegates at the Isle of Man Captive Conference in London last month.
Talbot grabs senior XL aviation exec to head up new aviation team
Talbot, the specialty insurance group which is a subsidiary of Validus Holdings, has appointed Peter Bilsby as head of global aerospace.
Zurich appoints new global corporate division CEO
Zurich has appointed Mario Vitale as chief executive officer of its global corporate business division.
Mapfre given local Brazilian reinsurance license
Mapfre Re has been authorised to establish as local reinsurer in Brazil, through its new subsidiary Mapfre Re Do Brasil Companhia de Reasseguros.
Willis broker for hijacked supertanker - source
Willis is thought to be one of the brokers for the hijacked Saudi Arabian supertanker, Reinsurance has learned.
Aflac CEO Amos forgoes $26m 'golden parachute'
BestWire) - US supplemental insurer Aflac said that chairman and chief executive officer Daniel Amos will give up about $26m in "golden parachute" provisions in his employment contract.
Travelers extends directors' & officers' cover
Travelers has expanded its directors' and officers' (D&O) cover by rewording its DirectorXpress policy to include over thirty new coverage enhancements.
EuroMena in $6m investment in Middle Eastern broker Chedid Capital
Middle Eastern (re)insurane broker Chedid Capital received a boost when European private equity company EuroMena invested $6m in it to finance its future growth, reports say.
AIG taken to court in Canada, alleging company misled investors
(BESTWIRE) A C$550m ($450m) lawsuit filed in Canadian courts charges that American International Group Inc. and many of its senior officials misled investors about the safety of some of its credit market activities for two years.
Southern California wildfires abate - AIR
According to catastrophe risk modeling firm AIR Worldwide, strong winds, with near hurricane-force gusts, fanned three separate fires this weekend in Southern California. More than 40,000 acres (about 62 square miles) have been scorched from Santa…
Giles buys SBP in biggest deal since Charterhouse backed the business
Giles Insurance Brokers has acquired specialist transport insurance brokers SBP Group
Riddell appointed chairman of Zurich global corporate
Geoff Riddell, the current chief executive officer (CEO) of Zurich Global Corporate has been appointed to the new role of chairman of the division.
BGL Group teams up with Cunningham Lindsey in two-year deal
BGL Group has appointed Cunningham Lindsey UK to provide new and improved claims administration and selected claims management services for the company's home insurance customers.
Travelers enhances D&O policy
Travelers has re-vamped its DirectorXpress policy wording for private company and non-profit risks.
Axa offers environmental liability product in advance of new legislation
Axa has launched a new product providing cover for environmental damage and consequences of environmental impairment.
Axa launches environmental product
Axa Corporate Solutions has officially launched environmental solution Ecosphere in the UK.
License trade products introduced by ABC
ABC Insurance has launched a range of commercial insurance policies specifically developed for the licensing trade.
Arch appoints new CEO for Canadian business
Arch Capital said that it appointed Gordon Kerr as the chief executive officer and chief agent of its Canadian insurance operations.
ABC Insurance to launch licensing trade policies
ABC Insurance is launching a range of commercial insurance policies specifically developed for the licensing trade.
Tesco Compare launches van insurance channel
Price comparison website Tesco Compare has launched its new van insurance channel that enables drivers to compare more than 300 insurance deals from 17 van insurance brokers.
Age Concern says plan to retest all older drivers is "discriminatory"
Some 89% of older people think bad drivers of any age should be retrained, according to Age Concern.
Reinsurance founder passes away
Roy Harris, one of the original founders of Reinsurance Magazine nearly forty years ago passed away in September aged 77, Reinsurance has learnt.