News
Bermuda to cut tax take.
The amount of payroll tax levied on international businesses in Bermuda is to be reduced by millions...
Clark joins CNA.
CNA Re has appointed David Clark vice-president of international treaty business, based in London. M...
Amlin secures support.
Insurer Amlin has secured £50m ($74m) of syndicated Letters of Credit to support its growth in under...
XL rebrands reinsurance.
Bermudian insurance group XL Capital is creating a global brand - XL Re - for its reinsurance operat...
Internet trading battle begins.
An internet-based reinsurance trading system set up by Gothaer Re of Germany has gone live in compet...
Balancing the balance sheet.
Adrian Leonard finds that financial reinsurance can do far more than just help companies meet their solvency targets.
Transatlantic buys 40% stake.
US company Transatlantic Re has bought a 40% stake for $30m in Kuwait Re, which writes mainly proper...
When worlds collide.
Peter Chaffetz and Steven Schwartz examine the conflicts between federal and state arbitration law.
Market looks up.
The US reinsurance market is on the mend. Adrian Leonard looks at pricing trends, the balance of payments and where $2.3bn of new premium came from.
Axa signs £60m Northern Rock deal
Axa has secured a further four year contract worth an estimated £60m with mortgage bank Northern Rock...
Lloyds ups bid for Abbey National
Lloyds TSB, which has a substantial general insurance operation, has bid £19.8bn for Abbey National. ...
Ex-employees in smear campaign
Disaster recovery company Belfor-Relectronic has accused ex-employees of mounting a dirty tricks camp...
Church captive for Bermuda
The African Methodist Episcopal (AME) Church is to channel all its worldwide insurance throught its o...
Roberts takes over at Thatcham
Peter Roberts has been appointed the new chief executive of Thatcham, the automotive research body. H...
Hiscox-Chubb talks collapse
Hiscox has rejected the approach by US insurance giant and shareholder Chubb to acquire the company, ...
Credit hire firm hit by insurer delays
Credit hire company Auto Indemnity claimed today that it recorded a profit in the last quarter of 200...
Names slam Lloyd's "demand"
The United Names Organisation has slammed the revised offer from Lloyd's received on Friday as a "dem...
ABI acts over disability
Disability support groups, consumer groups, insurers and intermediaries will be among the interested ...
New accident management society launched
A new accident management association is to be set up by a group of industry players, which will even...
Copenhagen Re closes in Latin America
Copenhagen Re is to close its contact offices in Chile and Brazil and transfer their activities to a ...
Helphire acts to secure future
Credit hire specialist Helphire plans to raise £17.6m through a new share offer in a last ditch attem...
Allied Dunbar brand axed
Zurich Financial Services has announced that it is to rebrand its customer facing Allied Dunbar franc...
AIIB takes up case against Direct Line
The Association of Insurance Intermediaries and Brokers has made a formal complaint to the General In...
Paddick looks to fight OFT decision
Andrew Paddick, director general of the Institute of Insurance Brokers may appeal against the Office...