News
Kiln finance head takes CFO role at Tokio Marine Global
Jo Hine has been appointed chief financial officer and a board director of Tokio Marine Global.
Enoizi joins Heritage
Julian Enoizi has been appointed chief executive officer of Heritage Managing Agency after leaving CNA, as revealed by Post .
Lloyd’s buys back £102m of debt securities
Lloyd's will repurchase the local currency equivalent of £102m of its outstanding debt securities, following its invitation to holders to submit offers to sell their holdings. Lloyd's had offered to purchase up to £100m of the securities.
Charles Crawford leaves RBSI for claims firm
Charles Crawford, currently managing director of the partnership and international business at RBS Insurance will be joining the Davies Group in July as group chief executive officer.
Coface places 47 countries on negative watch
Coface has reported that the credit crisis, which entered its second phase in the fourth quarter of 2008, is worsening in all areas.
Dual Manchester office drives profits
Dual Corporate Risks has claimed that it has seen a 20% premium increase from regional brokers since the establishment of it national business unit six months ago.
Aspen net income rises 13%
Aspen Insurance Holdings has reported a rise of almost 13% to $91.4m (Q1 2008: $81.2m) in net income for the first quarter.
Brokers demanding more for HNW clients, says AIG
Brokers servicing high-net-worth customers are demanding not only a better service from insurers but also a wider range of cover according to research by AIG UK.
Max Capital: Validus lawsuit has no merit
Bermudian (re)insurer Max Capital has said that the lawsuit filed against it by island rival Validus as having "no merit".
Investment income sends Scor Q1 net income down 30%
Scor, the French reinsurance giant, said that net income for the first three months of the year dropped 30% to €93m, down from €133m.
Munich Re books in monster profit after dumping part of Admiral stake
Munich Re, the German reinsurance giant, said it will add €107m in the second quarter of the year after reducing its stake in UK motor insurer Admiral.
Everest Re Q1 net income rises on debt repurchase gains
Everest Re, the Bermudian (re)insurer, said that first quarter net income rose to $108.6m, down from $77.9m this time last year.
Forex losses help Renaissance Re to Q1 loss
Renaissance Re, the Bermudian (re)insurer, said that net income for the first quarter of the year fell to $97.3m, down from $137.2m in the same period of the year, driven down by exchange rate losses.
Aspen Q1 net income up 13%
Aspen Insurance Holdings, the Bermudian (re)insurer, said that first quarter net income rose nearly 13% to $91.4m, up from $81.2m.
Tax breaks needed to ensure a competitive future
Almost nine in 10 (87%) of managers in the insurance sector think the government should provide tax ...
Survey: 37% would steal info
A survey of office workers in the financial district of London has found that over a third (37%) wou...
WNS hands out body shop awards
Repairer Corby Car Care came out top in the recent WNS Assistance body shop awards. Smart Car UK of...
Zurich is first insurer to sign up to new carbon capture initiative
Zurich has become the first insurance company to join the Carbon Capture and Storage Association. CC...
Legal & General improves underwriting for IP
Legal & General has improved its underwriting criteria for people taking out income protection, making it easier and quicker to get 'on risk'. Fewer applications will now require medical evidence such as GP reports, making it more likely that an…
Swine Flu: World Health Organisation raises alert level to five
The World Health Organisation has raised the alert level for swine flu to five - one short of what would be a pandemic.
Pick of the week
Senior reporter Sarah Hills looks at the major news stories in the week's Post: Kwik Fit eyes acquisi...
Top five Post stories
The top five most popular stories on postonline.co.uk over the last week were: 1. RSA cuts 500 jobs...
PI reform 2010 delay
Implementation of the long-awaited Ministry of Justice personal injury reform has been delayed until...
Insurers warned over new credit hire threat
Property insurers have been warned that they need to intervene quickly in the event of a weather-rel...