News
Dai-ichi Life raises $11bn in IPO
Dai-ichi Mutual Life Insurance will raise 1.01trn yen ($11bn) in the Japan’s biggest initial public offering in more than a decade after pricing its stock 9.7% below the top of a planned range.
Flagstone proposes domicile move
Flagstone Re has said that it wants to move domicile from Bermuda to Luxembourg.If approved by shareholders, Flagstone said that it expects the redomestication to take place over several months.
Flagstone proposes domicile move
Flagstone Re has said that it wants to move domicile from Bermuda to Luxembourg.If approved by shareholders, Flagstone said that it expects the redomestication to take place over several months.
Odyssey Re gains admitted status in Brazil
Odyssey Re, the US (re)insurer, has said that it has been approved to conduct business as an admitted reinsurer in Brazil.
Arch losses from Chile quake $35-50m
Arch Capital has announced its losses from the effects of the Chilean earthquake to be in the range of $35m to $50m, net of reinsurance, retrocessions and reinstatement premiums.
Canopius delivers profit of £55m for 2009
Canopius Group, the privately-owned Lloyd’s insurance underwriting business, has reported profit before tax of £55m up from £43m in 2008 and profit before tax excluding foreign exchange on non-monetary items of £74m.
Obama signs US health reform
US health reform bill has now been passed into law but several states are preparing to challenge the bill's legality
Travelers appoints new Glasgow team
Travelers has appointed the team to lead the company’s new regional office in Scotland.
Amlin: earthquake may exhaust inward cat excess of loss exposures
Lloyd's insurer Amlin has issued estimates for the impact of the Chilean earthquake and windstorm Xynthia, both of which occurred over the weekend of 27th /28th February.
Amlin: earthquake may exhaust inward cat excess of loss exposures
Lloyd's insurer Amlin has issued estimates for the impact of the Chilean earthquake and windstorm Xynthia, both of which occurred over the weekend of 27th /28th February.
CBG chair steps down as revenue and profits dip
Broking group CBG Group saw revenue drop to £8.96m (2008: £11.15m) with adjusted pre-tax profits also falling from £2.25m to £1.026m.
L&G's household book returns to profit with a COR of 98%
Legal & General's general insurance business has recorded a £17m operating profit in 2009, a return to the black after a £2m loss in 2008.
RG Ford acquires Abba
Chelmsford-based RG Ford Insurance Brokers has completed the first of the five acquisitions it hopes to make in 2010.
SCM Insurance Services set to purchase Axis Adjusters Europe
Canadian firm SCM Insurance Services has agreed a deal to purchase Axis Adjusters Europe in a bid to help it service its continental clients.
SCM Insurance Services set to purchase Axis Adjusters Europe
Canadian firm SCM Insurance Services has agreed a deal to purchase Axis Adjusters Europe in a bid to help it service its continental clients.
Helphire documentation goes online
Helphire Group is to provide vehicle rental agreements and supporting documentation electronically, for validation online.
Fitch revises negative view of UK general insurance market
Fitch Ratings has revised its rating outlook on the UK non-life sector to stable from negative.
Fitch revises negative view of UK general insurance market
Fitch Ratings has revised its rating outlook on the UK non-life sector to stable from negative.
Allianz hails microinsurance success
Allianz Life Indonesia and Allianz Utama Indonesia (Allianz Indonesia) sold a combined total of 347 000 microinsurance policies in 2009.
Allianz hails microinsurance success
Allianz Life Indonesia and Allianz Utama Indonesia (Allianz Indonesia) sold a combined total of 347 000 microinsurance policies in 2009.
Towergate shuffles senior management
Towergate Partnership has appointed Jonathan Walker as managing director of the retail division and Mike Newman as its new chief information officer in a management shake-up at the firm.
IFB and MIB join forces to tackle fraud
The Insurance Fraud Bureau has entered into an agreement with the Motor Insurers’ Bureau for support services following a consultations between the two boards.
Looming climate change scheme needs attention, warns Allianz
Allianz Engineering is reminding brokers of the imminent introduction of a government backed climate change and energy saving scheme which could affect 20 000 UK businesses.
Junction targets personal lines insurers in drive for new partnerships
Junction is targeting motor and home insurers as part of a drive for new partners in the insurance sector.