News
Profits increase for QBE
A 9% improvement in its claims ratio for business written in Lloyd's has helped QBE's European opera...
Temple takes binder battle against QBE to High Court
Underwriting agency Temple Legal Protection has appealed to the High Court after QBE Europe was give...
S&C seals 54th acquisition
Smart and Cook has acquired Willis' Cumbrian operation, representing the firm's 54th acquisition. Wi...
Modern buildings vulnerable to flooding
Concerns about fire prevention and insulation are making modern buildings more susceptible to floodi...
Appointment at Activus
Activus has expanded its Bristol development team through the appointments of Kevin Smith, Etienne G...
RSA head defects to bank in November
Mike Canniffe, who last week announced his resignation as Royal and Sun Alliance chief operating off...
Merger rush costs Link £5m in motor premiums
Gibraltar based Link Insurance is set to lose £5.5m in motor insurance premiums to rivals due to its...
Appointment at Aspen
Richard Bucknall and Matthew Botein will be joining the Aspen board as non-executive directors. Mr B...
What the papers said this week
The Times Britain is facing a flooding time-bomb this autumn and winter, with huge amounts of u...
Beazley clarification
Lloyd's insurer Beazley's chief executive and founder Andrew Beazley will not be relinquishing contr...
First cat option transacted on Gallagher Re NYMEX contract
The first catastrophe risk trade on the New York Mercantile Exchange (NYMEX) has been brokered by inter-dealer broker GFI.
Post pick of the week
Jonathan Swift, the editor of Post Magazine, presents a run down of the major stories in this week’s Post Magazine including the news that former Independent chairman and managing director, Michael Bright , is set to take the stand finally in the SFO…
MacMillan given new Hiscox regional brief
Hiscox has appointed Alasdair MacMillan as regional manager for Hiscox in Scotland, Northern Ireland and the Republic of Ireland. Mr MacMillan will be based in Glasgow.
Group Direct strikes deal with More Than Business
Group Direct has announced a partnership with More Than Business to handle its small business referral business.
Willis adds new member for Scottish regions
The Willis Commercial Network has added Hart Insurance Brokers as its 75th member.
Brit appoints personal accident underwriter
Brit Insurance has appointed Keith Thorogood as personal accident underwriter. He joined Brit Insurance’s personal accident team on 20th August 2007 and is reporting to Paul Simmonds.
Gable to resume trading on AIM
Gable Holdings has posted its audited annual report and accounts for the year ended 31 December 2006 to shareholders. The Company’s shares will recommence trading on AIM at 7.30am on Wednesday 22 August 2007.
McConachie adds risk job to Lancashire CFO role
Bermudian (re)insurer Lancashire has announced the appointment of Neil McConachie as chief risk officer of the group.
RMS puts total Dean bill at $0.75bn-$1.5bn
Insured losses from Hurricane Dean , which made landfall in the Yucatan peninsula of Mexico on Tuesday 21st August, are likely to range between just $0.75 billion and $1.5 billion, according to latest estimates by catastrophe modeller Risk Management…
AIR says Jamaica Dean loss will not exceed $1.5bn as Mexico struck
Catastrophe modelling form AIR Worldwide has estimated that insured losses in Jamaica from Hurricane Dean will not exceed $1.5bn.
UK Motor premiums to rise 10% says actuary's report
Motor insurance premiums in the UK are set to rise by around 10% in the coming year, according to analysis by EMB, Europe’s largest firm of non-life actuaries. Despite the widespread public feeling that premiums are already too high, researchers found…
CBG makes £718k first half surplus
CBG Group's shares have risen 4% in morning trading following the news it produced a 43% rise in pre tax profits to £718,000 (2006: £501,000) for the first half of 2007.
Allianz profits rise 3.9%
Allianz Insurance has announced a £105m profit for the first half of 2007, enhanced by an improving commercial lines book and prior year reserve releases.
FD's methods worried internal actuary
Independent's first in-house actuary became concerned by Dennis Lomas' method of examining reserves within months of joining the company, he told the court on Monday. Mairi MacDonald reports .