News
MMA expands master tradesman cover
Intermediary only insurer, MMA Insurance has announced wider cover and options to its Master Tradesman Plus small contractors liability product. These improvements are designed to give small and medium sized enterprises increased options to protect their…
Lockton scoops £500m account
Lockton’s real estate and construction division has been appointed as the insurance broker for Rowan Asset Management’s real estate portfolio.
Master Trademan developed for growing SME's
Intermediary only insurer, MMA Insurance, has announced wider cover and options to its Master Tradesman Plus small contractors liability product. These improvements have been designed to give small and medium sized enterprises (SME) increased options to…
BCWA launchs Care for Corporates
Health insurer BCWA has announced major new improvements to a private medical insurance (PMI) product which includes the provision of uniquely personalised marketing material as standard to its corporate members.
Groupama-owned broker acquires
Lark Group has acquired Griffiths Good and Company, an insurance broker based in Fleet, Hampshire for an undisclosed sum. The acquisition will add around £7m gross premium, £1m revenue and 14 staff to the group.
Amlin's GWP down 5% in 2007
Amlin's gross written premium in the year ended 31 December 2007 was £1.03bn, down by 5% over the sa...
Starr launches new Lloyd's syndicate
Starr Managing Agents, part of specialty reinsurer CV Starr, has formed a partnership with energy in...
'Deposit' of $500m was not reinsurance
Former Gen Re executives told AIG that a $500m transaction was a deposit and not reinsurance, it was...
AIG axes Concord Re sidecar
AIG has cancelled Concord Re, the $730m class-3 Bermuda sidecar reinsurer it set up in August 2006, ...
Global risks - WEF predicts uncertain 2008
The year ahead is likely to be one of the most uncertain for a decade in terms of financial risks, a...
Guy Carpenter to open Prague office
Reinsurance broker Guy Carpenter is to open an office in Prague on 1 March 2008. The new office will...
R&Q Re given the Bermuda green light
Randall and Quilter (R&Q) has received approval from the Bermuda Monetary Authority for the registra...
Foreign reinsurers - Alien dependence is on the increase
Foreign reinsurers increased their share of the US property and casualty market substantially during...
Heritage sale - New chapter for Heritage not dead in the water yet
Lloyd's managing agency Heritage could yet be under new ownership this year, despite the failed take...
St George Re writes asbestos risk
Bermuda-based reinsurer St George Re has started to write insurance for historical corporate asbesto...
HCC gets approval for Syndicate 4141
HCC Insurance Holdings has acquired MultiNational Underwriters and received approval to establish a ...
IFEX announces 3100 futures traded
Reinsurance futures exchange IFEX said that, since trading began at the end of September 2007, it ha...
Monoline insurers - XL is latest victim of monoline implosion
XL Capital has become the latest high profile victim of the implosion of the monoline insurers, afte...
Lockton expands in London and treaty
Broker Lockton has agreed to a 20-year lease to move into a new European headquarters in London. Loc...
Judge approves $13.5m settlement
A New York federal judge has approved a $13.5m settlement of a securities class action between Renai...
TRIA extension compromise
President Bush has signed the final compromise version of a seven-year extension to the US terrorism...
Canopius to launch new unit in Ireland
Lloyd's managing agency Canopius intends to establish a business unit in Dublin - Canopius Ireland. ...
COO report - Modelling concerns
The increasing reliance on modelling as a means of maintaining underwriting discipline has emerged a...
Retrocessional deal - Berkshire Hathaway assumes 20% of Swiss Re P&C portfolio
Warren Buffett's Berkshire Hathaway has once again taken the market by surprise after securing one o...