News
Heightened retro prices lead to Munich Re unable to place a storm risk
Heightened retrocessional reinsurance prices have led to Munich Re being unable to retrocessionally get additional reinsurance for a storm risk it wanted to place, said one of its senior reinsurance writers.
Glacier Re promotes underwriters
Glacier Reinsurance, the Switzerland-based reinsurer, said it has promoted Ralph Bothe and Eduoard von Herberstein to the position of Senior Treaty Underwriter. They will continue to report to Glacier Re’s Chief Underwriting Officer, Dirk Turley.
Exodus of Benfield brokers not expected before January
The exodus of Benfield brokers after the takeover of Aon is not expected until after the 1 January renewals season, sources have told Reinsurance .
RSA share price rockets over Allianz bid speculation
RSA and German giant Allianz have declined to comment over rumours that the two companies are in talks over a potential takeover. RSA's shares, which have been on the rise all week, were at 164p by lunchtime today, compared to 158p at close of market…
Axis CEO Charman says XL is an 'industry takeover target'
XL, the Bermuda-based (re)insurer, is in the sights of the (re)insurance industry, Axis chief executive John Charman was reported to have said at an industry conference.
Industry meets government to discuss uninsured driving changes
The government has met up with senior insurance figures to reveal more about its plans for the introduction of Continuous Insurance Enforcement.
Lockton hails Chinese license award
The China Insurance Regulatory Commission has granted Lockton a Wholly-Owned Foreign Enterprise insurance broking license to operate in China
Adjuster claims 16 day turnaround success on EL/PL claims
Buckley Scott, the specialist construction, engineering and liability loss adjusting company, claims to have significantly reduced turnaround times on all public and employers' liability claims.
PB Week: Bridget, Peter and Martin
There has been plenty of late August and early September activity in the insurance market (and of course the football transfer market) and many will be returning from holiday catching up with the news, some shaking their heads in disbelief, writes Andrew…
Hurricane Ike 'intensifies explosively' into Cat 4 hurricane
Hurricane Ike is heaading towards the US SouthEast coast after being upgraded to a Category 4 hurricane.
Groupama enhances its bedrooms policy
Groupama Insurances has enhanced its Groupama Bedrooms policy. The insurer said that by incorporating a derived sum insured on buildings, it was now even simpler for brokers to secure business in what is a highly competitive sector of the market.
Groupama in household relaunch
Groupama Insurances has enhanced its 'bedrooms' policy to incorporate a derived sum insured on buildings. The insurer claims this means it is now simpler for brokers to secure business in what is a highly competitive sector of the market.
Moody's places Scor's ratings on review for possible upgrade
French reinsurer Scor has has its insurance financial strength ratings put on review for a possible upgrade by ratings agency Moody's.
Holman's offloads commercial retail department
Holman’s, the Lloyds wholesale brokers, has sold its commercial retail department, Holman Risk and Insurance Management, to Birmingham-based Southall Harries.
Hanna closes in on US coast
Tropical Storm Hanna is closing in the US coastline, data from the US National Hurricane Centre has revealed.
Russian reinsurer Unity Re gets 'BB-' rating from S&P
Russian reinsurer Unity Re has been given a 'BB-' long-term counterparty credit and insurer financial strength ratings and 'ruAA-' Russian national scale rating by ratings agency Standard & Poors with a stable outlook.
Four hurricanes forecast for September
A Colorado State University forecast is calling for two major hurricanes and two smaller ones to form in the Atlantic basin in September.
Global Aerospace adds another insurer to pool
Mapfre Empresas is joining the Global Aerospace underwriting pool with effect from 1st January, 2009. .
Brit unveils loss adjusting partners for UK and US
Brit Insurance has launched a global claims hub initiative. The first two hubs are in the UK and the USA and are operated in partnership with Cunningham Lindsey and Crawford & Company respectively.
Back to school
Succession planning
Pick of the week
Reporters Alwynne Gwilt and Louise Meeson look at the major stories from the general insurance marke...
MoJ reform meeting
Stakeholders have met with the Ministry of Justice to discuss details of July's personal injury refo...
QBE builds regional presence
QBE has officially opened its full-service Bristol office in a bid to increase access for local brok...
Appointment at Travelers
Travelers has recruited Julie Abbott as contingency practice leader for the media and entertainment ...