News
Willis to broke multi-billion pound helicopter deal
Willis has won the broking rights to a major UK government helicopter account, Reinsurance has learnt.
XL results improve, but miss expectations
XL's fourth quarter results improved, but missed Wall St expectations.
Max Capital to increase share buyback
Max Capital,the Bermudian (re)insurer, has increased its share buyback by $100m, the company said.
Aspen reports profit surge
Aspen became the latest company in the insurance market to report a profits surge.
Renaissance Re reports leap in fourth quarter earnings
Bermudian (re)insurer Renaissance Re reported net income of $211.8m or $3.38 per share in the fourth quarter of 2009, compared to a net loss attributable to common shareholders of $55.2m, or a loss of $0.91 per share, in the fourth quarter of 2008.
Drive Assist reviewing cases after malpractice promoting email sent to ABI
Steve Binch, chief executive of Drive Assist, wrote to Barry Smith, chairman of the Association of British Insurers motor committee and CEO of Fortis, last week to assure him the company has made an extensive investigation into the email.
Bupa reveals increase in new business of almost a quarter
Health insurer Bupa has seen new business applications increase by 24% in 2009.
Armour Re adds former Pro Solutions senior executive
Bermudian specialty reinsurer Armour Re has said that it has hired Katherine Barker as president of its US subsidiary, Armour Risk Management.
Torus adds two brokers to start San Francisco business
Insurer Torus said that it is opening an office in San Francisco.
Adjusting giant Crawford reports $115.7m loss for 2009
The loss includes a non cash impairment charges of $140.9m, primarily related to goodwill in the company's Broadspire arm.
FSA "a lame duck" following CEO resignation, claims lawyer
Jonathan Davies, regulatory partner at City law firm Reynolds Porter Chamberlain, believes insurers should be worried by the news Hector Sants is to quit the FSA.
Cardif Pinnacle to provide MPPI cover for Yorkshire customers
Cardif Pinnacle has agreed a five year contract to provide Yorkshire Building Society customers with Mortgage Payment Protection Insurance.
US wants UN sanctions resolution on Iran within weeks, including reinsurance
The United States wants the UN Security Council to approve a resolution within weeks, laying the ground for new sanctions against Iran over its nuclear programme, including a ban on (re)insurance.
Aon makes six promotions to Birmingham office
Broker Aon insists plan to promote six is the result of success at its West Midlands operation.
FSA boss to quit in the summer
The Financial Services Authority has today confirmed that its CEO Hector Sants plans to step down this year.
CII accreditation hat trick for Open GI product clinics
Open GI’s product clinic events have been accredited by the Chartered Insurance Institute for the third year running, enabling brokers to receive continuous professional development points.
WR Berkley latest insurer to show earnings jump
WR Berkley has become the latest US insurer to show a jump in earnings with full-year earnings rising to $309m.
Clear Bike Insurance selects White Knight as claims partner
Motorcycle insurer Clear Bike Insurance has agreed to outsource its claims to Southport-based firm White Knight Solutions
Insurance For Car Hire appoints new MD
Towergate company Insurance For Car Hire has appointed Daniel Smith as its new managing director.
Beazley profits pass £100m and GWP hits a £1bn 2009
Beazley chief executive officer Andrew Horton said "our underwriters delivered again in 2009" as it reports improved profits.
Beazley profits pass £100m and GWP hits a £1bn 2009
Beazley chief executive officer Andrew Horton said "our underwriters delivered again in 2009" as it reports improved profits.
Hannover Re and Swiss Re shares in market sell-off
Shares in Hannover Re and Swiss Re were battered in trading on Tuesday on continuing capital concerns.
Hannover Re and Swiss Re shares in market sell-off
Shares in Hannover Re and Swiss Re were battered in trading on Tuesday on continuing capital concerns.
The Hartford returns to profitability
The Hartford Financial Services Group, the US insurance group, has reported improvements in earnings.