News
Autonet to expand business
Stoke-on-Trent-based broker Autonet Insurance has revealed ambitious plans to double in size over th...
Murphy to help grow THB as founder leaves
The new chief executive officer of specialist broker THB has told Post he aims to take the company t...
Appointment at Novae Syndicates
Novae Syndicates has recruited Ian Smith as marine underwriter for Syndicate 2007. Mr Smith previous...
Aon income drops 43%
Aon has reported a 43% fall in net income for the third quarter of 2008 to $117m (£73.7m), compared ...
Appointment at Jardine Lloyd Thompson
Jardine Lloyd Thompson has appointed Patrick Snowball as non-executive director. Mr Snowball has enj...
Crawford shows strength
Crawford & Company's third quarter consolidated revenues before reimbursements for 2008 totalled $26...
Adjuster to restructure after shock contract loss
Loss adjuster Carmichaels has admitted it will have to restructure the business following the loss o...
Quinn Group clarification
Following 'Quinn in loans controversy' (30 October, p6), Post would like to clarify that Quinn Group...
Software company adds overseas office
Transactor, an insurance software house focused on the top five-per cent of established and emerging insurance brokers, has announced it will open an office in Auckland, New Zealand.
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MMC consolidated revenue up 5%
Marsh & McLennan Companies, the owner of insurance broker Marsh and reinsurance broker Guy Carpenter,said that consolidated revenue for the third quarter was $2.8bn, up 5% from the third quarter of 2007.
Financial crisis could be 'silver lining' for credit crunch
The global financial crisis which has hammered the world markets and depressed stock markets universally could be a silver lining for the outsourcing industry, said Xchanging chief executive David Andrews at the company's conference in the UK.
Coface downgrades UK rating as credit crisis worsens
Coface downgrades ratings for the UK, Ireland and Iceland and places Italy and France on negative watch as the credit crisis worsens across Europe.
MMA Insurance focus on distribution
MMA Insurance has appointed Ian Josephs to the newly created role of head of distribution, in a move that recognises the key challenge of profitable distribution.
XL Insurance hires construction chief
XL Insurance has appointed Martina Geiss as senior construction underwriter for the UK and Ireland, Scandinavia and Africa region.
Markel's results "reflect difficult investing and underwriting conditions"
Markel Corporation has reported diluted net loss per share of $14.46 for the quarter ending September 30, compared to diluted net income per share of $9.26 for the third quarter of 2007.
Transactor aims to enhance coverage for brokers with new NZ office
Insurance software house Transactor Global is opening an office in Auckland, New Zealand, in a bid to provide enhanced coverage to brokers.
Willis’ networks develop expansion strategy
The Willis Commercial Network has taken on ten new members, which has boasted its total membership to 79.
Towergate agrees new covenants with banks
Andy Homer, chief executive of the Towergate Partnership, has said the broker has agreed new debt covenants with both Lloyds TSB and HBOS until the end of 2009. He did not give further details.
Hannover Re swings to Q3 loss
Hannover Re reported that its third quarter results swung to a loss this year, hammered by catastrophe losses and a dreadful investment environment.
Beazley gains momentum
Beazley Group has completed its acquisition of the entire existing share capital of Momentum Underwriting Management Limited (MUM) after it was announced in September 2007.
Property underwriter leaves AIG for Glacier
Glacier Insurance, headquartered in Liechtenstein and part of the Switzerland-based Glacier Group, has appointed former AIG underwriter Peter Hoffmann as senior underwriter for the group's property division.
Zurich tops customer satisfaction chart, according to research
CFI Group has launched its UK National Customer Satisfaction Index for home and car insurance providers.
Argo reports Q3 net loss of $8.8m
Argo, the Bermudian (re)insurer, reported a third quarter net loss of $8.8m, down from a $74.2m gain this time last year.