News
Integro hires Moores and Rolfe to lead aviation practice
Integro has said that it has promoted Patricia Moores and Terry Rolfe as co-leaders of the firm’s aviation practice.
XL takes underwriter Molitano from Beazley USA
XL Insurance, XL Capital's global insurance operations, has appointed David Molitano to the new position of technology errors and omissions manager in its select professional underwriting group.
Benfield's space arm rings changes following CEO resignation
International Space Brokers, the international space broking arm of Benfield, has appointed former chief operating officer Jeffrey Poliseno as chief executive of the company following the resignation of former CEO Roger Bathurst.
Lloyd's replies to Burma Campaign accusation
Lloyd’s of London has said that it cannot control its syndicates when it comes to doing business in Burma.
Swiss Re America appoints Walter Bell as chairman
Swiss Re has appointed current Alabama insurance commissioner Walter Bell as chairman of its US unit, Swiss Re America.
Go Compare seals RBSI deal
Comparison site Go Compare has added five major home insurance brands - Churchill, Privilege, Prudential, Tesco and Virgin - to its home insurance comparison service.
Insurance provider in terrorism cover plea
Insure and Go has called on insurance providers to follow its lead and remove their exclusions to ensure customers are covered if they are caught up in a terrorist incident abroad.
Court filing suggests lengthy prison terms for jailed Gen Re, AIG execs
(BestWire) — A new court filing suggests prosecutors may be seeking lengthy prison sentences for five former reinsurance executives convicted earlier this year of securities fraud Reinsurance Magaine reports.
Broking consolidator reports 80% growth in revenue
CBG Group has reported an 80% growth in revenue to £5.66m for the six months to 30 June 2008 and an 69% rise in adjusted operating profits to £1.35m (2007: £800 000).
Allianz Insurance financial rating affirmed
AM Best has affirmed the financial strength rating of A+ (superior) and issuer credit rating of “aa” of Allianz Insurance. The outlook for both ratings is stable.
Flagstone Re restructures global operations
Flagstone Re has said that it will restructure its global reinsurance operations by merging its two wholly owned subsidiaries, Flagstone Reinsurance of Bermuda and Flagstone Réassurance Suisse SA into one operating platform which will be Flagstone…
Insurer trio joins Xbroker panel
Online comparative quotation system Xbroker has expanded its panel and product range with the addition of three new insurers.
Willis appoints chairman of global professional services group
Willis Group Holdings has appointed Keith Tracey as chairman of Willis’ global professional services practice.
Aon launches extortion consulting operation
Aon Crisis Management has hired the former senior investigating officer for multinational extortion at the British police to head up a new extortion consulting team.
Confused confirms deal with Alliance and Leicester
Price comparison service Confused has welcomed Alliance and Leicester to its home insurance panel.
Tropical storm Fay to slam Florida coastline
Tropical storm Fay could slam the Florida coastline as soon as Monday night, the National Hurricane Centre has warned.
Tropical storm warning for Florida as Fay closes in
Tropical storm Fay could hit the Florida coast as soon as Monday night, the US National Hurricane Centre has said.
Prestige broker doubles turnover
Performance car insurance broker Peart Insurance, has increased its turnover to almost £1m a year as it approaches its second anniversary under new ownership.
Cooper Gay's Asia Pacific branch snags Britten from Aon Re
Independent international insurance and reinsurance broker Cooper Gay Group said it has hired former Aon Re senior executive Chris Britten to spearhead its growth in the Asia Pacific region.
Stephen Riley reappointed IUA chairman
Stephen Riley has been reappointed as chairman of the International Underwriting Association.
Allianz reports £94m in pre-tax profits
Chief executive officer of Allianz, Andrew Torrance, says the underlying profitability of the business the insurer is writing is “unsatisfactory”.
ifs Diploma for Financial Advisers to cost £500
The ifs School of Finance today confirmed that their new Diploma for Financial Advisers (DipFA) will cost £500.
Barbon unveils new claims bosses
Barbon subsidiary Farr has appointed Matthew Greenhalgh and Francesco Quacquarelli to the newly created positions of claims supervisors.
Hiscox profits up to £109.2m
Hiscox this morning announced an interim pre-tax profit of £109.2m (2007: £105.6m) for the six months ended 30 June. It recorded gross written premiums of £639.4m (2007: £733.0m), down 12.8% and an improved group combined ratio of 79.7% (2007: 84.8%).