News
Lloyd's insurer welcomes China licence move
Lloyd’s being granted a direct insurance licence in China will give “a significant boost” to Sportscover’s business from China, according to its managing director, Peter Nash.
US insurance giant admits Quinn interest
US insurance giant Liberty Mutual has contacted the administrators of Quinn Insurance to express an interest in taking over the company.
Munich Re issues $80m cat bond
Munich Re has obtained cover for US hurricane and European windstorm risks amounting to $80m from Irish SPV EOS Wind, which placed a catastrophe bond in the market.
Allianz GI launches new dedicated European platform
Allianz Global Investors has created a dedicated European investment platform under the name of Allianz Global Investors Investments Europe.
Allianz acquires French windfarm
Allianz has acquired the Langres Sud wind farm from project developer, constructor and operator EOLE-RES SA.
Munich Re issues $80m cat bond
Munich Re has obtained cover for US hurricane and European windstorm risks amounting to $80m from Irish SPV EOS Wind, which placed a catastrophe bond in the market.
Allianz GI launches new dedicated European platform
Allianz Global Investors has created a dedicated European investment platform under the name of Allianz Global Investors Investments Europe.
Allianz acquires French windfarm
Allianz has acquired the Langres Sud wind farm from project developer, constructor and operator EOLE-RES SA.
CCIR praises EU for blasting US reinsurance tax proposals
The Coalition for Competitive Insurance Rates (CCIR) has commended the European Union for "speaking out against a controversial tax proposal” on affiliated reinsurance included in President Obama's 2011 budget proposal.
Insurance 360 website
Insurance 360, Post's sister research and consultancy arm, now has its own website.
BIBA 2010: Day two
As Biba 2010 draws to an end, make sure you haven’t missed out on any of the news from the conference.
BIBA 2010: Day one
Catch up with all news from the first day of the British Insurance Brokers’ Association conference.
Money Supermarket launches next generation motorbike insurance tool
Comparison site Money Supermarket has launched its next generation motorbike insurance comparison service, which it claims is the fastest and most accurate available.
Coalition government to back Pitt Review recommendations
The coalition government has confirmed it will follow through with recommendations proposed in The Pitt Review: Lessons learned from the 2007 floods.
US financial reform delayed
In a setback for the Obama administration, Senate Democrats failed to muster enough votes on Wednesday to end debate on the overhaul of financial regulation, delaying a vote on passage.
Insurers to face new government levy to educate customers
Insurers look set to face a new government levy after the coalition government published its new programme for government today, with aims to educate the public on financial services.
No clarification for insurers as banking reform announced
The coalition government has confirmed it will reform the regulation of the banking system, but failed to mention regulation of insurers in its programme for government published today.
AIA acquisition includes Thai bond risk
Prudential will take on $7.37bn of Thai sovereign debt in a deal to buy AIG’s Asian unit, according to a regulatory filing.
Flagstone adds $50m to buyback program
Flagstone Reinsurance said on Tuesday that its board has added $50m to its share-repurchase program.
Henderson Insurance recruits to further expansion plans
Henderson Insurance has added to its staff, and confirmed plans to expand further from the Manchester office of recently-acquired subsidiary UK Credit Insurance Specialists.
QBE raids Allianz for new broker manager
QBE has appointed Judy Holt to the newly created role of manager, broker development, to support the continued expansion of QBE’s offering in the UK and Ireland.
BIBA 2010: Evolution ties up risk management deal
Evolution Underwriting Group has launched an initiative with the aim of providing its brokers and policyholders with exclusive deals on an online range of products from Cardinus Risk Management.
BIBA 2010: Lexicon exec hails insurance broker resilience
The insurance broking sector has performed at a “remarkable” level in the midst of economic turmoil by tackling cost bases to protect profit margins, a market analyst told panel members at a fringe event at the British Insurance Brokers' Association…
BIBA 2010: Insurers and brokers warned over "cancerous" credit hire issue
Delegates were warned yesterday that if the industry does not address the issue of credit hire, it will get even more “cancerous” and ultimately ruin the insurance industry’s reputation.