News
Flagstone Re to buy back 5m shares via share repurchase facility
Bermuda-based insurer Flagstone Re said it is going to buy back 5m shares.
Tawa H1 pretax profit more than halves
First half profits for run-off group Tawa fell to £11.7m from £39.4m a year ago.
Glacier appoints new chief administrative officer
(Re)insurer Glacier Group, said that it has given Michel Brunner the newly-created role of chief administrative officer.
Helphire reports 3.9% profit hike
Accident management company Helphire has unveiled an adjusted profit before tax of £46.8m (2007: £45.0m; +3.9%) for the 12 months ended 30 June 2008. It added it had reported a statutory profit before tax of £43.0m (2007: £40.3m; +6.9%) on revenue of …
NU warns of dangers of fronting
Managing directors and company owners are invalidating their business insurance policies, as well as putting their children at risk, by fronting, Norwich Union has warned.
Aegon calls on the Government to put financial advice on the policy agenda
The chief executive of Aegon UK has called for the government to make wider access to professional financial advice part of its policy response to the current economic crisis.
ABIR says anti-reinsurer legislation will 'drive up US insurance prices'
The Association of Bermuda Insurers and Reinsurers has said that any US legislation closing the tax loophole of overseas reinsuraers will drive up prices for US citizens.
Insurer defines the most important times to think about protection insurance
There are nine key life stages at which people need to review their protection needs, according to Legal & General.
ABI responds to FSA’s interim feedback statement on the RDR
The Association of British Insurers (ABI) has today published its response to the Financial Service Authority’s (FSA) interim feedback statement on the Retail Distribution Review. If the right outcome is reached, the ABI said the review should lead to a…
Berkshire Hathaway lead a coalition to close tax loophole for overseas insurers
Berkshire Hathaway is leading a lobby group to get US politicians to close a current loophole which allows foreign-based insurers to underwrite US risks.
AMII bangs drum for claims transparency
The Association of Medical Insurance Intermediaries will approach UK private medical insurers and the British Insurance Brokers Association to form a discussion panel to focus on the transparency of claims information in private medical insurance.
Ace USA increases capacity across personal lines
Ace USA, the US arm of Switzerland-domiciled reinsurer Ace, said that it is expanding capacity across personal lines.
Max Capital estimates $35-50m of losses from Gustav and Ike
Bermuda-based (re)insurer Max Capital is exposed to net losses of $35-50m from Hurricanes Gustav and Ike, which ravaged the Gulf of Mexico earlier this month.
Ex-Towergate director joins Zenith
Gibraltar based insurer Zenith Insurance has appointed Ian Holmes as director of claims.
Mortgage network entering general insurance market
The Mortgage Alliance will launch into the general insurance market, according to IFA Online.
RSA promotes two to director roles
RSA has announced two new appointments in its risk solutions trading unit. Gary Long has become director of trading and Greg Harris is now underwriting director.
Ace launches IT and network security cover
Ace Europe has launched Computer Guard Plus, a comprehensive IT hardware and network security policy, on the Safeonline broking system.
APC serves up take-away insurance
Commercial insurance underwriting agency APC has launched a product for take-aways covering single or multiple shops and fast-food franchises.
Towergate strengthens its retail team with senior appointments
Towergate has made a series of key senior appointments to its retail division.
Ace launches IT and network security cover on Safeonline
Ace Europe has launched ComputerGuard Plus, its IT hardware and network security policy, on the Safeonline broking system.
D&O surge among FTSE 250 companies, says Marsh
Class action contagion from the US and growing economic uncertainly have spurred an unprecedented surge in the demand for management liability insurance among the UK’s top firms, according to Marsh.
HSBC gets Qatari broking licence
HSBC insurance brokers have been given a licence to operate in Qatar, the Qatari Financial Authority said in a statement.
FSA training solution for the travel trade
First FSA training solution for the travel trade. Acumus Insurance Solutions has claimed it is the first company to offer the travel trade an industry-recognised training package for the new Financial Services Authority (FSA) regulatory environment.
UK Broker Awards winners
Over 500 guests from across the broking community gathered at the Brewery in London to watch host Stephen K. Amos present the highly coveted awards for the 2008 UK Broker Awards. Insurance Age extends its congratulations to all the winners including all…