News
PB Week: Market expert says insurance brokers could thrive in downturn
Peter Allen, partner at the market services group at advisory firm Grant Thornton and a former broker, believes that insurance brokers could thrive in a downturn, writes Andrew Tjaardstra, editor of Professional Broking .
THB recruits former Denis Clayton chair
Specialist broker THB Group has appointed John Goldsmith to the board as a non-executive director, with immediate effect.
Admiral CEO says company on track for "all time record"
Henry Engelhardt, Admiral chief executive this morning said that his company is "on track" to hit or exceed analysts’ consensus profit estimates.
Swiss Re claims it can ride out financial storm
(BestWire) Swiss Re said it is well placed to ride out the worst of the financial storm that has gripped the world's economies over the past few weeks, Reinsurance Magazine has reported.
Ace Bermuda increases Integrated Occurence capacity by $50m
Ace Bermuda, the Bermudian arm of Ace, said that it has increased its integrated occurrence capacity from $100m to $150m effective immediately. This additional capacity is available under ACE Bermuda’s core excess liability product – the Occurrence First…
BIBA confirms it will continue to represent all brokers
The British Insurance Brokers’ Association says it’s “business as usual”, following the proposal of a new association for brokers operating in the international wholesale and reinsurance markets.
QFC approves new broker
HSBC Insurance Brokers has received regulatory approval from the Qatar Financial Centre to establish a branch office to provide insurance broking services to corporate customers within Qatar.
LMBC's board agrees to set-up new association outside of BIBA
The LMBC has sent a letter to its members this week advocating setting up a broking association separate to the British Insurance Brokers' Association for London market brokers.
Oval confirms £115m expansion deal
Oval has confirmed it has signed an agreement with a group of leading UK banks for an enlarged £115m senior banking facility to facilitate its acquisition and expansion programme as reported by Post .
Aon acquires UK broker
Aon has agreed to acquire specialist insurance broker, Supercover Holdings for an undisclosed amount.
Novae recuits senior HCC duo to head liability unit
Novae Syndicates Limited has appointed Janet Edey and Matthew Carr jointly to head its Syndicate 2007 management liability unit.
LV offer for Highway goes unconditional
LV has said that all of the conditions of its offer for Highway have now been satisfied or waived and, accordingly, and the offer has been declared wholly unconditional.
Aviva shares rise after group CEO outlines capital position
Norwich Union parent Aviva's shares have risen 8.11% (33,25 pence) to 443 pence so far this morning on news that its capital position remains strong.
Former XL boss joins Torus as CEO
Torus Insurance today announced that it has appointed Clive Tobin as the group’s chief executive officer, effective January 1, 2009. He will succeed interim Chief executive officer David Hope who will continue as chief underwriting officer.
AM Best upgrades Arch
AM Best has upgraded the issuer credit ratings to "a+" from "a" and affirmed the financial strength rating of A (Excellent) of Arch Reinsurance and its reinsured affiliates.
AIG gets new loan
AIG has been given another $38bn loan from the US government only days after being lent $85bn, the company said in a statement.
Allianz sets CII benchmark with 78% exam pass rate
Allianz Insurance employees have beaten the industry average for the seventh consecutive year in the...
Prince's Trust throws down Costa Rican charity gauntlet
The Prince's Trust Leadership Group is encouraging firms from across the insurance industry to take ...
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Integra awards high achiever for outstanding service
A Tesco Personal Finance contact centre agent has won the first of 2008's Integra Insight Contact Ce...
Pick of the week
Post reporters Alwynne Gwilt and Sarah Hills look at the major stories from the general insurance mar...
Biba realises PMI potential
The British Insurance Brokers' Association is to launch a private medical insurance product for its ...
Fitch: credit insurers mull risky business bailout
Credit insurers are considering withdrawing cover after Fitch Ratings warned that the market was fac...
Ex A-Plan directors invest £7.5m in Lloyd's broker
THB has its sights set on international expansion having secured £7.53m investment from three privat...