News
Video: Xchanging CEO David Andrews on the challenges facing London
David Andrews, CEO of Xchanging talked to Anthony Gould, group editor in chief of Reinsurance and Post about the issues facing the Lloyd's and London market and how the insurance sector matches up to the rest of the troubled financial services industry…
Harbor Point Re UK confirms UK licence
Bermudian reinsurer Harbor Point Re has confirmed it has been granted a UK reinsurance licence by the UK regulator, the Financial Services Authority, as reported by Reinsurance .
Fortis UK to be "shielded" after insurance and banking sales
Fortis' UK insurance will be shielded from its parent's structured credit protfolio following a raft of recent sales.
RBS and Lloyds TSB back insurance acquisition
Catalina Holdings (Bermuda) which acquires and manages non-life insurance and reinsurance companies and portfolios in run-off, has just completed the acquisition of US-listed Quanta Capital Holdings with the assistance of the Royal Bank of Scotland and…
Former Aon director joins RSA to build global broker ties
RSA has today announced the appointment of Peter Jackson as its new group sales director.
Xchanging conference
Xchanging conference 5-7 NovemberL
Lockton expands financial services team
US broker Lockton has expanded its financial solutions advisory team with the addition of two experts to advise Lockton's insurance clients on collateral, risk finance and credit issues.
Aspen expects investment returns to fall and reveals hurricanes exposure
Bermuda-based (re)insurer Aspen said that it is expects investment returns to fall by $47m if the investment environment continues to be as troubled as it has been over the last year.
Lancashire reveals hurricane hit but upbeat on investment returns
Lancashire Holdings, the specialist Bermudian insurer, said that it estimates that Hurricanes Gustav and Ike will have a combined net negative impact on its financial results of approximately $150m on its books.
Distribution Strategies - mapping the road ahead
The rapidly changing shape of general insurance distribution is the focus of Post's Distribution Strategies conference being held in London on 30 October. As insurers and brokers look to cover all the bases - from distribution via tradional brokers to…
Ex-GAB CEO Nicholls to return to loss adjusting sector
Former GAB Robins UK chief executive Clive Nicholls is to return to the loss adjusting sector in 2009.
Arthur J Gallagher buys stake in Australian broker
Arthur J Gallagher (Aus) has acquired a 40% stake in Specialised Broking Associates, an energy and natural resources broker in Perth, Western Australia, for an undisclosed sum.
Close Premium Finance reassures brokers
Close Premium Finance has reassured all its brokers that it is business as usual despite the global financial crisis.
LSG and The Co-operative Bank offer new current account packages
Lifestyle Services Group (LSG) and The Co-operative Bank have launched a new product allowing consumers to tailor their own current account benefits package.
Brit Insurance enhances SME service
Brit Insurance has enhanced Britboard as part of its effort to develop its proposition to the small to medium-sized enterprise (SME) market.
Brit ups focus on SME
Brit Insurance has added to its proposition for small to medium sized businesses, by upping the offerings through Britbord, its web-based system for UK brokers, the company said today.
LV completes Highway acquisition
LV has completed the acquisition of the Highway Insurance Group, the company announced today.
Goodwin resigns as UK banking bailout agreed
The UK government is to inject up to £37bn of new capital into Royal Bank of Scotland, Lloyds TSB and HBOS.
Groupama raids Axa for new director
Groupama Insurances has appointed Kevin Kiernan as motor underwriting director. He joins the company from Axa Insurance where he was head of business finance.
Biba insists it is not in dispute with LMBC over disclosure
Eric Galbraith, British Insurance Brokers' Association chief executive, has stressed that it is not in dispute with the London Market Brokers' Committee over commission disclosure.
XL says investment portfolio value tumbled between $1-1.2bn in Q3
XL Capital has said its investment portfolio tumbled between $1 bn - $1.2bn in the third quarter of 2008.
Ace chairman: we are posied to take advantage of the weaknesses of others
Ace has said it will report net realised and unrealised losses of approximately $1.5bn (£890m) but claimed its capital position "remains firmly” in the range of the capital required by all principal rating agencies for its ratings.
DLA Piper teams join Kennedys
Kennedys is expanding its newly acquired Birmingham practice having brought in two teams of lawyers will join from DLA Piper.
AIG chief responds to outrage over jolly days claim
AIG group chief executive officer Edward Liddy has hit back at press reports of AIG executives living it up at an expensive corporate 'jolly' days after the insurer's bailout.