News
Expedia signs five-year insurance deal
Expedia, the online travel service, has expanded its exclusive deal with travel insurance and assistance specialist Mondial Assistance. The extended contract will see Mondial provide innovative travel insurance solutions in 13 countries across Europe,…
Ace appoints underwriter
Ace Global Markets has appointed Russell Burgess as an underwriting manager for its Accident and Health division, the company said.
CFC launches technology product
CFC Underwriting has launched an insurance policy that tailors all elements of cover for technology companies.
Compensation scheme to cover savers’ claims up to £50,000
The Financial Services Authority (FSA) has today increased the compensation limit for bank deposits from £35,000 up to a total of £50,000 for each customer's claim. This increase applies from Tuesday 7 October 2008.
THB gets reinsurance license in Brazil
Specialist broker THB Group today announced that the financial authorities in Brazil have formally authorised the application for its wholly owned subsidiary, PWS Brasil Corretora de Resseguros, to operate as a reinsurance broker in the Brazilian market.
Majority of risk managers considering AIG alternative says Advisen
Seventy-one per cent of risk managers will be considering an alternative to AIG at renewal, a report from US insurance research company Advisen has revealed.
Homeserve awards £4.5m contract
Homeserve has awarded a £4.5m telematics deal to Eagle-I Holdings.
Munich Re CEO says company may look at AIG assets
Munich Re chief executive Nikolaus Von Bomhard has said he expects to be approached by AIG about possibly buying some of its Asian operation.
JLT reports on effects of US economic situation
Increased levels of economic uncertainty, coupled with the possibility of a future sovereign ratings downgrade, has increased the level of risk for foreign businesses operating in the United States, according to Jardine Lloyd Thompson, which published…
FM Global makes changes to senior management team
FM Global, the giant US commercial property insurers, has announced numerous changes will be made to its senior management team effective Jan. 1, 2009, as it promotes seasoned management within the company into new roles.
FGIC completes $166bn MBIA reinsurance transaction
FGIC Corporation, the parent company of Financial Guaranty Insurance Company (FGIC), said FGIC has closed the previously announced reinsurance transaction with MBIA Insurance Corporation (MBIA).
Arista boosts online trading platform
Arista has increased the range of products available to brokers via its online trading platform.
Renaissance Re has $275m exposure to US hurricanes Gustav and Ike
Bermuda-based reinsurer Renaissance Re said that it currently estimates that Hurricanes Gustav and Ike will have a combined net negative impact on the Company's third quarter results of approximately $275m, with the majority of these estimated losses…
Senior Helix execs move to Randall & Quilter
Randall & Quilter, the run-off specialist, has said that Colin Johnson and Mike Palmer, currently directors of consultancy, administration and support provider Helix UK, are to join them.
Aon Re Global recruits senior exec from Guy Carpenter
A senior Guy Carpenter executive has moved from the company to work for broking rival Aon, a senior source has told Reinsurance.
Greenlight Capital Re in Q3 profit warning
Greenlight Capital Re, the reinsurance arm of hedge fund Greenlight Capital, warned that it expects a net loss for the third quarter of $3.30-3.45.
Platinum Re estimates Gustav, Ike losses at $105m
Platinum Underwriters Holdings, the Bermuda-based (re)insurer, said that Hurricanes Gustav and Ike may cost it $105m net of reinstatement premiums and tax benefit.
Beazley in management reshuffle
Beazley has made a series of senior level management appointments designed to strengthen its operational and underwriting capabilities.
Welfare reform to shake up group income protection
The implementation of the new Welfare Reform Act could have far-reaching consequences for the future design of group income protection benefit policies, according to Watson Wyatt.
Willis completes $2.1bn acquisition of Hilb Rogal and Hobbs
Willis Group Holdings has completed its $2.1bn acquisition of Hilb Rogal and Hobbs Company, in a move that doubles Willis’ revenues and geographic presence in North America, and strengthens key practice areas.
Willis completes $2.1bn buyout of US rival
Willis Group has completed the acquisition of Hilb Rogal and Hobbs for $2.1bn (£1.2bn) in a move that the broker claims will double Willis’ revenues and geographic presence in North America.
Promoting diversity is not about ticking boxes
Organisations across the UK are grappling with the best way to find, hire and hang on to a diverse w...
Lloyd's welcomes top recruits as graduate programme kicks off
Lloyd's welcomed its first group of nine candidates onto its inaugural graduate programme last week,...
Acumus claims first in travel trade training
Acumus Insurance Solutions has claimed a first in offering the travel trade an online, industry-reco...