News
Aon makes job cuts at same time as signing Man U deal, according to reports
According to the Telegraph, Aon's £80m sponsorship deal with Manchester United coincides with the company issuing redundancy notices in London.
Renaissance Re agrees to buy Spectrum
RenaissanceRe, the Bermudian (re)insurer, has said that it has agreed to acquire Spectrum Partners, Ltd., whose principal operating subsidiary is Spectrum Syndicate Management, a Lloyd's Managing Agent.
Heath raids Aon, Marsh and RSA for public sector expertise
Heath Lambert has strengthened its public sector team with the appointment of four specialists.
AFS sales up 14%
Members of the Association of Friendly Societies which offer income protection products have today published new business figures for 2008.
McLaren-Stewart resigns form Biba board
BrightStar Risk Soultions' John McLaren-Stewart has resigned as a board member of the British Insurance Brokers Association.
Tracker partners with ACPO
A new partnership between stolen vehicle recovery firm Tracker and the police could help insurance companies save thousands of pounds.
Biba 09 interviews - final instalment
In the final part of our series of camera interviews conducted at this year's Biba conference in Manchester, Sarah Hills - senior reporter, Post Magazine - talks to a range of industry spokespeople on the importance and place of broking networks in the…
RFIB sells retail arm
International insurance broker RFIB Holdings Limitedhas sold its UK retail intermediary, Bridle Insurance Brokers to CFN Insurance Services for an undisclosed sum.
Axa signs deal with Ryanair
Axa Travel Insurance has signed a five-year deal with Ryanair to provide insurance cover.
JLT Re adds two more
JLT Re, the reinsurance broking arm of Jardine Lloyd Thompson, has appointed Michel Fernandez as executive vice president and Greg Habay as senior vice president for JLT Re's North American property practice.
Moody's gloomy on Transatlantic Re
Moody's Investors Service has placed the Aa3 insurance financial strength rating of Transatlantic Reinsurance Company on review for possible downgrade, as well as the A3 rating on senior debt of Transatlantic Holdings, Inc. (NYSE: TRH).
AIG prices stake in Transatlantic Re
AIG has said that it has priced its underwritten public offering of 26m shares of US reinsurer Transatlantic Holdings, common stock owned by AIG and its subsidiary, American Home Assurance Company (AHAC), at $38 per share.
Max Capital, IPC sweeten deal
Bermudian (re)insurers Max Capital and IPC Holdings sweetened the terms of their merger on Thursday.
Groupama announces operational changes
Groupama Insurances has announced operational changes which it says will enable even closer trading relationships between itself and intermediary partners.
Canada Life introduces special terms for transferring business
Following AEGON Scottish Equitable's exit from the Group Risk Market, Canada Life Group Insurance has introduced special terms for intermediaries seeking to transfer business.
BIBA conference 2009: Post interviews insurer and broker movers and shakers
The eighth part of a series of camera interviews conducted at this year's Biba conference in Manchester.
Open GI hires new development director
Richard Earle has been appointed as software development director at Open GI.
Aspen enters managed funds for ILS market
Aspen, the Bermudian (re)insurer, said that it has partnered with and invested $25m in Iris, a newly formed specialized investment fund focusing on insurance linked securities (ILS) and reinsurance globally.
The Hartford CEO to retire
The Hartford Financial Services Group, the troubled US insurer, said that its chairman and chief executive Ramani Ayer is to retire by the end of 2009.
Biba 09 interviews Part Seven
In the seventh part of our series of camera interviews conducted at this year's Biba conference in Manchester, Sarah Hills - senior reporter, Post Magazine - talks to a range of industry spokespeople on how the future looks from both an insurer and a…
Rates to rise for marine insurance - Aon
Ship owners are facing challenging negotiations at 2009/10 renewals as marine insurers seek rates increases on all classes of business. However, according to a report from Aon, abundant capacity means competitive forces will create a balancing act in the…
AFS wins Hastings contract
Hastings Direct has appointed All Fleet Services to run its out-of-hours first notification of loss.
Aviva: Accident scene information speeds claims process
Fleet drivers can speed up the insurance claims process if they gather information at the scene of an accident, Aviva has claimed.
Groupama to offer support to independent brokers
Groupama Insurances has partnered with compliance and business support specialists UKGI to launch an initiative supporting independent provincial brokers.