News
HCC Q4, FY earnings fall
HCC Insurance Holdings, the US (re)insurer, said that earnings fell - although return on equity jumped 12%.
Georgia tornades may cost $35m
(BESTWIRE) - About a dozen tornadoes that swirled their way through Georgia are estimated to have caused $35m in insured losses, said Insurance Commissioner John Oxendine.
Industry turns to credit insurers to judge credit worthiness
Credit insurers have taken over the mantle from ratings agencies in determining UK companies' credit worthiness, according to Aon Trade Credit.
AIG says in talks with US Government
(BESTWIRE) - American International Group is discussing with federal officials "new alternatives" for shoring up the insurer's finances under its existing $150bn rescue plan, a company spokeswoman said.
Governments must improve risk management, says OECD
Governments should improve how they prioritise efforts to prepare for large-scale disasters, the Organisation for Economic Co-operation and Development has warned.
Beazley launches online marine products
Beazley has launched three new marine cargo products online that offer real-time quotes and policy documentation to speed up delivery and improve process efficiency.
Post web seminar - self service
Post is hosting a special web seminar - an online live and interactive event - at 10.00am on the 17 March which will take a strategic look at the issue of self-service technology and the implications this could have on the insurance sector - from sales…
Aegon launches business protection workshops for advisers
Aegon is to launch a series of workshops for advisers on the importance of business protection.
Pick of the week
Post senior reporter Sarah Hills looks at the major stories in this week's Post: MGA capacity deal fa...
Torus appoints head of business operations
Bermuda-based insurer Torus Insurance has appointed John Williams as its global head of business operations.
GIC India ratings affirmed
Indian reinsurance giant General Insurance Corporation has had its financial strength rating affirmed by AM Best.
DFA, Milliman launch new risk model
DFA Capital Management, the enterprise risk management (ERM) software provider and consultants Milliman have launched a solution for economic capital modeling - aimed at property and casualty insurers.
Biba supports FSA’s stance on PPI
The British Insurance Brokers' Association has come forward with its support of the FSA's decision on firms selling single premium Payment Protection Insurance.
Domestic Florida insurer takes on State Farm policies
(BestWire) - Another Florida domestic insurer has stepped forward to announce it is prepared to take some State Farm Florida policies.
Validus ramps up underwriting after AIG raid
Bermudian (re)insurer Validus said that it is to create a new global technical lines team, after hiring three senior underwriters and two engineers from stricken US insurer AIG.
Cobra acquires in Manchester
Cobra has acquired Manchester-based broker Thornway Insurances.
AIG responds to reports it will seek more money from the US government
AIG has responded to US reports that it is in talks with the American government to secure additional funding.
FSA insists on end to PPI sales with loans
The Financial Services Authority (FSA) has written to all firms still selling single premium payment protection insurance (PPI) with unsecured personal loans asking them to withdraw the product as soon as possible, and by no later than 29 May.
FSA wants all firms to stop selling single premium PPI
The Financial Services Authority has written to all firms still selling single premium Payment Protection Insurance with unsecured personal loans asking them to withdraw the product as soon as possible, and by no later than 29 May.
MDU warns over importance of clinical negligence
The MDU is warning against using information about clinical negligence claims as a measure of doctors' performance.
Marsh launches Triple C
Marsh and Berkshire Hathaway said that they have created a property insurance programme that can provide up to $500m of annual capacity, in the aggregate, for windstorm losses incurred by all participating oil and gas companies operating in the Gulf of…
AIG set for biggest ever quarterly loss
Troubled US insurance giant AIG is set to reveal a fourth-quarter loss of up to $60bn, writes Katherine Brandon, reporter, Professional Broking .
Aon appoints marine expert for UK regions
Aon has appointed Carl Wooding as UK marine client manager to support small and medium sized UK companies by improving their access to specialist hull, liability and related marine insurance in the local and London markets.
ARC: UK run off sector in decline as Continental Europe interest rises
The downwards trend in UK run-off liabilities continued as total liabilities of the UK non-life run-off market fell to an estimated from £28.3bn at the end of 2007 from £32.7bn at the end of 2006, according to research released today.