News
Caribbean catastrophe fund launched
The World Bank has launched a catastrophe fund to provide emergency insurance cover following an ear...
American Re-opened wounds spoil Munich Re 2006 result
Giant reinsurer Munich Re's bumper 2006 results masked substantial further reserve increases at its ...
XL authorises $1bn share buyback
Bermudian (re)insurer XL has announced the authorisation of a $1bn share repurchase programme. XL s...
White Mountains appoints new chief
Allan Waters has succeeded Tom Hutton as chief executive of Bermuda-domiciled reinsurer White Mounta...
JLT launches joint venture with broker
Jardine Lloyd Thompson and interdealer broker ICAP have embarked on a joint venture to operate in ar...
$300m payouts to Holocaust survivors
Holocaust survivors and their heirs have been awarded more than $300m in valid insurance claims foll...
China gives Lloyd's the green light
Lloyd's has received a formal licence from Chinese regulators for its new reinsurance company based ...
Lloyd's launches Malay operation
Lloyd's has opened a new subsidiary in Malaysia, Lloyd's Labuan Limited. Lloyd's chairman Lord Leven...
Tokio Marine sets up life reinsurance on Isle of Man
Millea, the Japanese parent company of Tokio Marine, has teamed up with JP Morgan to form an Isle of...
Swiss Re in legal entities restructure
Swiss Re has announced it is forming three legal entities in Luxembourg in an efficiency drive ahead...
Arch unveils $1bn buyback facility
Bermudian (re)insurer Arch has authorised the purchase of up to $1bn of its common shares through a ...
BSU revamp travel policies
BSU has made several improvements to its annual multi-trip and single trip travel insurance products.
NU steps in as plug pulled on RSA/Primary deal
Norwich Union is understood to have taken over from Royal and Sun Alliance as capacity provider to Primary Group in a five year deal.
Aon comments on TK Maxx hacking issue
Following hackers stealing the credit card details of 45 million TK Maxx customers, Aon has commented on the implications and what businesses should be doing to avoid such incidents.
Aon sees reinsurance costs flat-to-falling at 1/6, 1/7
Analysts at giant reinsurance broker Aon Re Global are predicting that reinsurance rates on line for personal lines, standard commercial lines and complex commercial lines are likely to be flat to lower during mid-year 1st June and 1st July renewals of…
London mutual to go live on 2 April
The London Authorities’ Mutual Limited is set to go live on 1 April.
Hill Dickinson fraud bosses move down M62
Law firm Hill Dickinson is moving key members of its fraud and policy team to its expanding Manchester practice.
HBOS GI re-signs Munters deal on claims
Halifax Bank of Scotland General Insurance has extended its damage restoration contract with Munters.
Arag joins Broker2Broker panel
Broker2Broker has chosen Arag Legal Insurance to provide a range of commercial legal expenses products on its system.
Aviva share scheme commended
Ifs ProShare, a not for profit organisation concerned with the issues of employee share ownership and financial education in the workplace, has commented on Aviva group's recent employee share option grant.
Flagstone IPO raises $175.5m
Class of 2005 Bermudian start-up Flagstone Re priced the initial public offering of 13m common shares at a price of $13.50.
PPI provider pleased at regulator stance on refunds
Yesterday's announcement by the Financial Services Authority that consumers will benefit from a series of measures relating to the fairness and transparency of refunds agreed between the FSA and the PPI industry has been warmly welcomed by PPI provider…
Prices to slide in Q3 says report
General insurance prices are likely to soften again in the second part of 2007 according to insurance benchmarking specialist Consumer Intelligence.
Support grows for government to underwrite flood risk
Nearly 80% of property professionals believe the government should underwrite the risk of flooding when housing developments on flood plains prove uninsurable, according to a snapshot survey by Lockton’s real estate and construction division.