News
Tower names new CFO
William Hitselberger will join the Tower Group on December 8th 2009 as senior vice president before becoming chief financial officer in March 2010.
Low interest rates could topple insurers, Baloise
Continued low interest rates could cause some insurers to collapse according to the chief executive of Baloise.
Energy rates to soften in 2010
More competition and capacity spells good news for energy firms
Marsh targets HSBC Insurance Brokers to close gap on Aon
Speculation mounts that another mega broking deal could be afoot.
Tokio Marine joins forces with Edelweiss Capital
Tokio Marine to invest $117.6m in life insurance joint venture with Indian Edelweiss Capital
CNA appoints ex-RSA energy expert
Grahame Jones appointed senior underwriter
Flooding hits Cumbria
200 people rescued
Munich Re expects Solvency II sales boost
Munich Re expects a sales boost 2011/2 as Solvency II forces primary insurers to buy more reinsurance cover
Inflation not necessarily bad news for reinsurers – Guy Carpenter
George Carrington, head of the international casualty specialty practice at Guy Carpenter, claims monetary inflation will enable European long-tail (re)insurers to improve their cash flow
Aviva to cut 100 staff in John Kitson's division
Changes linked with announcement about broker sales and marketing restructure.
UK General hires medical assistance firm
Healix to work with newly formed business
ABI welcomes flood bill
Bill spells good news for homeowners
Toa Re and China Re enter co-operation pact
Japan's Toa Reinsurance has teamed up with state owned China Reinsurance in a bid to enhance the two reinsurers' market development.
Ruling paves way for Katrina lawsuits against the US Army
Hurricane Katrina victims have been awarded damages in a lawsuit claiming a canal dredged by US Army engineers from New Orleans to the Gulf of Mexico destroyed a natural barrier to storm surge.
Councils gain more powers to manage floods
Flood and Water Management Bill published today
Rate rises scuppered by competition
Aon predicts "slower than predicted" increases in 2010
Lloyd’s report says microinsurance provides opportunities for all
Insurance for low income individuals can play an important role in helping communities in developing countries mitigate and adapt to climate change, and to provide the security needed to develop long term sustainability projects, according to Lloyd’s.
Ace: Recession creating supply chain risk
Insurer calls on businesses to mitigate exposure
Brit director joins Markel
Hugh Maltby appointed operations director
Helphire and Hastings join forces
Credit hire firm to provide motor customers with replacement vehicles
Zurich appoints private clients head
Matthew Schofield joins private clients, broker division
FHA may collapse as US struggles with recession
The Federal Housing Administration may collapse and thousands of regional banks may go under as the US continues to struggle with recession, sources attending a US conference have told Reinsurance.
Transatlantic Re raising capital
US reinsurer to raise $350m in bond offering
Manulife to raise $2.7bn to fund takeovers
Manulife, the US’s largest insurer by market value, plans to sell as much as $2.7bn in stock to build up capital and finance possible takeovers.