News
Underwriters and claims must collaborate, say Zurich heads
The future success of the insurance industry depends on underwriting and claims departments working ...
Aggregators await decision
Aggregators must decide "which side of the grey line they are on" if they are to avoid paying VAT fo...
Appointment at IPP
International Passenger Protection has recruited Michael Ward as sales and marketing manager. Mr W...
Word from our event partner
Enterprise Rent-A-Car specialises in the provision of replacement vehicles and courtesy cars that ar...
McCarthy entertains delegates
Perry McCarthy, the original Stig from television's Top Gear, entertained delegates in the final ses...
Marsh group revenue rises
Marsh and McLennan group companies saw global revenue across the risk and insurance services busines...
SME roll out begins with motor launch
NIG has set its sights on growing its share of the medium-sized motor trade market following the lau...
Willis suspension
Willis has said it is suspending its practice of providing annual earnings guidance due to uncertain...
Catlin reports £9m loss
Lloyd's insurer Catlin has reported a loss before tax of $13m (£9.1m) for 2008 (2007: $543m profit)....
Post pick of the week
Post reporter Sarah Hills rounds up the top stories from the general insurance sector. This week: The government investigates an alleged £2m black hole in Shakespeare Underwritings accounts; Marsh reaches out to disenfranchised regional brokers in push…
IPC Holdings shares jump after results beat expectations
Shares in Bermudian (re)insurer IPC Holdings were up nearly 6% at $28 in early trading on NASDAQ after the company's results beat analysts expectations.
Helphire to raise capital
Helphire has proposed to strengthen its balance sheet by raising £50m equity finance.
Esure creates 500 jobs in Glasgow
Esure is to expand its Glasgow operations by creating 500 jobs within five years.
IAG in A$450m capital raising
Insurance Australia Group (IAG), said that it has raised A$450m from institutional investors in an effort to give it capital room.
Berkshire Hathaway disclosed stock portfolio value falls nearly 26%
Berkshire Hathaway, the owner of US reinsurance giant General Re and US motor insurer Geico has reported that the dollar value of its disclosed assets has falled nearly 26%.
Prudential one potential bidder looking at AIG's Phillipines life insurance assets - reports
UK insurer Prudential has teamed up with the Bank of Phillipines Islands in an attempt to buy AIG's Phillipine life insurance business, Reuters has said.
(Re)insurance industry should be able to survive financial crisis says Scor CEO
Insurers and reinsurers alike should be able to survive the current financial crisis, Scor chief executive Dennis Kessler has said in an interview.
Atrium promotes senior underwriter to run Singapore office
Atrium Underwriting said it has opened an office in Singapore to develop regional business on behalf of Atrium Syndicate 609. Atrium Singapore is being established using the Lloyd's Asia platform and will write a portfolio of marine and energy, aviation…
IPC Holdings FY net income drops 76%
IPC Holdings, the Bermudian holding company for reinsurer IPC Re, said that full-year net income dropped 76%, hampered - like its rivals- on investment income losses.
Arch's FY net income more than halves
Arch Capital, the Bermudian (re)insurer, reported a fourth quarter net loss of $142.9m, down from a net gain of $234m in the same period of 2007. Arch's full-year net income result more than halved to $265.1m, down from $832m the year before.
US firm looks to set up de facto pricing model for property claims
An American software firm is poised to roll out its products across the UK with the aim of becoming the de facto source for pricing information for property claims expenditure, whether it is labour, materials or plant hire.
JLT warns of tighter D&O underwriting
Jardine Lloyd Thompson has warned companies should expect a much more intrusive underwriting process when it comes to renewing directors' and officers' liability insurance and should prepare with the right approach.
Montpelier Re Q4, FY results hammered by investment losses
Montpelier Re, the Bermudian (re)insurer, stumbled to a comprehensive loss in the fourth quarter of 2008 and for the full year after sustained heavy investment and catastrophe losses.
Atrium opens Asia office
Atrium Underwriting Group has opened a Singapore office to develop regional business on behalf of Atrium Syndicate 609.