News
Second Gen Re executive to plead guilty
A second senior executive of reinsurance company General Re plans to plead guilty in a probe of insurer American International Group (AIG), according to a report in the New York Times.
High profile duo re-enters market
Peter Smith, ex-managing director of international broker PWS, and Ralph Ehlers, InsurE-com founder, are re-entering the insurance market.
Primary appoints Forbes FD
The Primary Group has appointed Theunis Viljoen as finance director for European distribution.
Houldsworth pleads guilty in Gen Re case
A former executive at Berkshire Hathaway's General Re insurance unit has pleaded guilty to helping American International Group (AIG) concoct a sham transaction that made AIG's finances appear better than they were.
QBE rating upgraded
AM Best has upgraded the financial strength rating of QBE International Insurance to A (Excellent) from A- (Excellent) and the issuer credit rating to a+ from a-.
AM Best upgrades QBE
AM Best has upgraded the financial strength rating of QBE International Insurance (QBEII) to A (excellent) from A- (excellent) and its issuer credit rating to “a+” from “a-”. The outlook for both ratings is stable.
Integro builds executive team
New broker start-up Integro has announced five executive appointments. Industry veterans Frank Gundersen and Marc Kunney have been named to head the company's New York and San Francisco offices, respectively.
Benfield downbeat on 2005 revenues
Broker Benfield this morning reiterated it is prepared to incur short-term impact on profit and margin to improve growth prospects and is confident that carefully targeted expansion will significantly enhance the medium term outlook for the group.
Alea confirms it may raise more capital after downgrade
Alea today confirmed it has been notified that AM Best is placing its financial strength rating of A- (Excellent) and its issuer credit rating of a- under review with negative implications.
BHSF secures high street contract
Allied Carpets’ 2,100 UK employees are to be provided with counselling and health initiatives by The Health Scheme at BHSF.
DA Constable aims to stem contractor woes
DA Constable Syndicate 386 is launching a new professional indemnity product aimed at design and build contractors.
Cornhill promotes recovery
Cornhill Direct has signed a three year contract with Mondial UK for roadside assistance and recovery, with the insurer rebranding its motor assistance service Cornhill Direct Rescue.
Names to vote on future schemes
Integer, the mutual set up for Lloyd's Names as a stop-loss reinsurance vehicle, is to tell its members they will soon get the chance to vote on their scheme of arrangement.
Run-off specialist aims for speedy closure
Omni Whittington has received approval from both the English and Singapore courts to seek creditors’ agreement to place Singapore-based Lion City Run-Off Private Limited (LCR) into a solvent scheme of arrangement to speed up settlement of its liabilities.
Medical specialist PatientChoice reveals new software package
Medical insurer PatientChoice has chosen a new specialist administration software for brokers and insurance programmes, from Whitespace.
Amlin confirms Chaucer talks
Amlin this morning confirmed that it is in discussions about a possible recommended offer by Amlin for Chaucer, as revealed by Post Magazine yesterday.
SMEs losing war on talent over PMI
Small to medium-sized enterprises are losing out in the war for talent by not taking a proper intere...
Know your agency: This month - Darwin Rhodes
Understanding the services and specialisms of recruitment consultants is important. Director of general insurance Kirsten Quarman gives the lowdown on Darwin Rhodes
Recruitment firm targets India
The insurance and financial services recruitment specialist Darwin Rhodes has secured funding of £1....
FSA dismissed as soft touch
The Financial Services Authority has been accused of lacking the teeth of its US equivalent, despite...
Morrisons admits potential insurance interest
Embattled supermarket giant Morrisons could be the next big retailer to join the insurance market, a...
Events
13-15 June The Association of Insurance and Risk Managers conference The Brighton Centre, Brighton...
Insurers fail with employee affinity push
General insurers are having trouble tapping into the potentially lucrative employee benefits market ...
Capita claims role change
Capita Insurance Services has confirmed that Tomas Romero, formerly of Marsh, will assume the respon...