News
Pehrson joins Aon Re Global
As revealed by Reinsurance Magazine in early July , Christer Pehrson has left his post as managing director of Guy Carpenter in New York to join Aon Re Global as executive director.
Web Connectivity announces board appointment
Insurance messaging service provider Web Connectivity has appointed Sir Richard Heygate to its board.
Hannover Re's H1 operating profit down over 14% after €130m charge
Hannover Re, the Germany-based reinsurance giant, said that first half operating profit fell by over 14% to €400.2m, down from €467.7m after taking a €130.3m writedown on securities.
Cassidy Davis hires Sims to revamp accident and health division
Cassidy Davis, Jubilee Managing agency's specialist personal lines Lloyd’s insurer, said that its revamping its accident and health division and has hired Graham Sims to lead the underwriting on the unit.
Greenlight Capital Re says Q2 net income up 57%
Cayman Islands-based Greenlight Capital Re reported second quarter net income of $33.5m for the second quarter of 2008 up from net income of $21.3m for the same period in 2007.
Allianz sees GI profit drop slightly as premium growth stalls
Allianz has reported an operating profit of 2.1bn euros and net income of 1.5bn euros for the second quarter of 2008. For the half-year its operating profit was 4 bn euros and net income 2.7bn euros.
AIG chief says "lot of work to do" after compay post $5.4bn Q2 net loss
AIG chief executive Robert Willumstad has admitted that the company has a “lot of work to do” to restore it to its former glory after it reported net losses of $5.4bn in the second quarter.
APC launches high end guesthouse product
Commercial insurance underwriting agency Anglo Pacific Consultants has launched a new high limit hotel and guesthouse product to help brokers take advantage of what it sees as the renaissance of the UK based hospitality market.
Axa slashes 500 more jobs
Axa UK is making up to 500 redundancies on top of the 120 jobs it is shedding in Ireland after reporting its interim results.
Benfield H1 pretax profits fall 5%
Benfield, the world’s fourth-biggest reinsurance broker, said that first half pretax profits fell 5% to £87.7m from £92.3m in the corresponding period of 2007.
Benfield profits down 5%
Benfield Group has reported revenue down 4% to £233m for the first six month of the year compared to the same period last year.
Willis launches North American yacht practice
Willis Group Holdings has launched a North American yacht practice within its marine Group, and appointed a practice leader and team.
THB announces new leadership of international property division
THB has appointed two senior market figures, Craig Kingaby and Steve Carr, to lead its international property division.
RSA group underwriting profit up 24%, as UK remains tough
RSA this morning reported a UK underwriting profit of £48m for the first half of 2008 (H1 2007: £51m) in what it described as its “toughest market”. It added UK premiums were up by 1% to £1.4bn, with a combined operating ratio of 96.2% (H1 2007: 96.1%).
Halifax star wins customer care award
Halifax home insurance employee Josephine Leung has scooped the latest contact centre agent of the m...
Crutes warns employers to follow full statutory process
Law firm Crutes has advised employers to follow the statutory process in all grievance procedures - ...
Time to test yourself
A selection of questions from various past-CII qualification papers
Biba bags best sector representation award
The British Insurance Brokers' Association has won the sector representation gong at the Trade Assoc...
Friends Provident announce results
Friends Provident’s protection sales dropped 16% between 2007 and 2008, according to the provider’s latest ‘Interim management report and results’.
FSA changes RDR timetable
The FSA has announced that it will change the timetable for publishing feedback on the Retail Distribution Review (RDR) Discussion Paper with the full feedback statement now due to be published in November.
Pick of the week
Reporter Louise Meeson and supplements and online editor Stephanie Denton look at the major stories f...
Biba repeats low credit insurers caution
The British Insurance Brokers' Association has reiterated its warning to members about recommending ...
Appointment at Oval
Oval has appointed Marcus Simeoni to head of its London market casualty broking team. He has more th...
Aon suspends three staff
Global broker Aon has placed three employees from its UK aviation team on a leave of absence pending...