News
Dual recruits and moves to larger Manchester base
Dual Corporate Risks, the specialist directors' & officers' and professional indemnity underwriting agency for mid-market companies, has relocated its Manchester office into bigger premises. It has also announced the addition of Ross Griffin to the…
Former AIG COO to take over as FSA insurance boss
The Financial Services Authority has appointed Ken Hogg, currently interim chief financial officer at MGM Assurance, as insurance sector director. He will start at the FSA on Monday 6 July and will report to Jon Pain, FSA managing director retail markets.
Liberty looks to expand Europe and Middle Eastern marine business
Liberty International Underwriters Europea division has appointed Mike Nukk as assistant vice president - marine, to lead the expansion of its marine portfolio in Europe and the Middle East.
Novae in network tie up
Our Network has added access to insurer Novae to its panel to extend its tradesman's liability offering for broker members. Complementing the existing offering, Novae will sit alongside MMA and Groupama on Our Network's comparative, online per-capita…
LIU expands European platform
Liberty International Underwriters Europe (LIU Europe), a division of Liberty Mutual Group, said it has appointed Mike Nukk to lead the expansion of its marine portfolio in Europe and the Middle East.
Texas lawmakers decide not to buy reinsurance for 2009
The Texas Windstorm Insurance Association may be leaving itself open to massive losses from hurricanes after deciding against buying reinsurance for this year's program.
Le Beau awarded MBE
Peter Le Beau, director of Le Beau Visage and co-founder of the Income Protection (IP) Task Force, bas been awarded an MBE in this year's Birthday Honours.
Wall Street analysts continue to be negative on Validus takeover of IPC
Wall Street analysts have continued to be negative on Bermudian (re)insurer Validus' takeover of island rival IPC Holdings.
Validus shares fall following IPC decision
Shares in Validus, the Bermudian (re)insurer locked in a takeover battle with Max Capital for island rival IPC Holdings, were off nearly 4% in New York following a decision by IPC shareholders to turn down a merger with Max.
Max Capital writes to shareholders explaining IPC loss
Max Capital has written a letter to shareholders after IPC shareholders voted against the merger between the two Bermudian (re)insurers.
Max Capital in line for $50m after ending merger agreement with IPC
Max Capital, the Bermudian (re)insurer said it has terminated its merger agreement with IPC Holdings after IPC shareholders voted against the amalgamation of the two companies.
Welcome to the new Reinsurance web service
Reinsurance Magazine has teamed up with its sister title Post Magazine to create an all new site with a dedicated area on reinsurance, dedicated RSS feeds and mobile alerts, related jobs and an enhanced search.
Brit finally concedes interest in Lloyd's insurer Chaucer
Lloyd's insurer Brit has finally admitted it is talks with rival Chaucer after months of speculation .
Stooke to leave Catlin
Chris Stooke is to step down from his role as chief financial officer at Catlin Group to pursue "new challenges".
Fitch downgrades four Japanese non-life insurers
Fitch has downgraded a swathe of Japanese non-life insurers.
Major European account to stay with Aon Benfield - sources
European insurance giant Eureko has renewed its major reinsurance account with Aon-Benfield, Reinsurance understands, in a deal understood to be worth up to €3.5m in revenue to the broker.
AM Best downgrades Puerto Rican reinsurer
US ratings agency AM Best downgraded the financial strength rating to B+ (Good) from B++ (Good) and the issuer credit rating to "bbb-" from "bbb" of Puerto Rican life reinsurer Popular Life Re. The outlook for both ratings is stable.
Mutual chair writes to MP after Court of Appeal ruling
Incoming Communities and Local Government Secretary John Denham has received is a letter from London Authorities Mutual chairman Nathan Elvery calling for legislation to clarify the wellbeing powers. It follows the ruling this week in the Court of Appeal…
Broking arm offers service to demystify complex risks
Engineering risk consultancy Specialists in the Protection of Risks has launched a range of new services for brokers, insurers and reinsurers to help improve their understanding of complex exposures.
Garwyn heralds its fixed fee motor claims service
Garwyn plans to expand its claims management unit, adding resource to its motor claims activity.
Marsh reacts to WHO pandemic decision
Following yesterday's decision by the World Health Organization to raise its H1N1 influenza pandemic alert to Phase 6, its highest level, Marsh has recommended that all organisations continue to focus on potential economic and jurisdictional issues in…
International broker boosts aviation division with two senior hires
International broker United Insurance Brokers has strengthened its aviation division with two appointments who have between them 75 years of market expertise.
Ferma elects new president
Peter den Dekker, corporate insurance risk manager at Dutch multi-national Stork, has been elected President of the Federation of European Risk Management Associations. He took over from Marie-Gemma Dequae, whose mandate came to an end after four years…
Chubb launches metal industry product
Chubb Insurance has launched a new product to help protect precision engineers, metal fabricators and processors.