News
Buffett raises Munich Re stake
Warren Buffett, already Munich Re's biggest individual shareholder, has built up his stake to nearly 8%, the reinsurer revealed on Thursday
Aviva pays out £300 000 super car claim
Aviva has confirmed that following a crash in September last year, it has paid £300 000 to repair a Pagani Zonda S.
Lord Myners rubbishes Tory FSA plans
Lord Myners has warned that the Financial Services Bill is in danger of falling by the wayside as a result of it running out of time due to "distractions" arising from the political opposition.
Catlin outlines earthquake and windstorm estimates
Lloyd's insurer Catlin today announces initial estimates of the financial impact of the Chilean earthquake and Windstorm Xynthia.
Catlin outlines earthquake and windstorm estimates
Lloyd's insurer Catlin today announces initial estimates of the financial impact of the Chilean earthquake and Windstorm Xynthia.
Intersport to save partners £5m in leakage
Intersport Insurance Services has set its sights on becoming the "preferred option" for the validation and replacement of sports equipment, after vowing to save its partners £5m in claims leakage during 2010.
Airmic boss blasts draconian Solvency II
Association of Insurance and Risk Managers chief executive John Hurrell has warned captive insurers are at risk from "draconian" Solvency II proposals.
North of the Border: Pleural plaques
The Westminster government's recent announcement that it will not be restoring the right to claim compensation for pleural plaques, under English law, following consultation on the issue, has left those with plaques in England and Wales in a somewhat…
Invicta targets £25m by 2013
Founder of Hero Insurance Services, Paul Cosh, has returned to the broker market by taking a financial stake and chairman role in a personal lines start-up launched by former Woodstock operations manager Steve Gamage.
Biba chief: best practice call for small brokers
British Insurance Brokers' Association chief executive Eric Galbraith has slammed the Financial Services Authority's disregard for its members' risk profile and resources and called on it to lay down best practice guidelines for smaller intermediaries.
CBG reacts to drop in profits with rebrand
CBG is to undergo a “total rebrand” and change of chairman after posting a reduced profit for 2009. The Manchester-based broking group saw adjusted pre-tax profits halve to £1.02m (2008: £2.46m) while revenue fell to £8.96m in 2009 (2008: £11.15m).
Co-op GI boss hails the "renaissance" of the group
The Co-operative Financial Services' increase in general insurance premiums of £29.9m in 2009, is part of the "renaissance of the overall group", according to David Neave.
L&G puts "too cheap" tag to bed with 6% rises
Legal & General's general insurance managing director had hailed its actions in the broker channel as the key behind its return to black in 2009.