News
Baugh: "fire sales" less likely after securities deal
The US federal government has paid AIG $37.2bn (£21.9m) in exchange for fixed income securities from...
Brit adds to web system
Brit Insurance has added to its proposition for small to medium-sized businesses by increasing the o...
Appointment at Countrywide
Countrywide has appointed Tim Rogers as insurer relations director to strengthen the network's insur...
Ex-Merlin director joins rival loss adjuster
Loss adjuster MYI aims to boost its Midlands business with a senior appointment and has plans for mo...
Job loss worries high
Over one-third of people are concerned for their jobs as the credit crunch bites, according to a sur...
Broker makes Perth buy
Arthur J Gallagher (Australia) has acquired a 40% stake in Specialised Broking Associates, an energy...
Appointment at Willis Re
Willis Re has appointed a managing director and three new executive directors for the recently forme...
Nicholls returns to adjusting
Former GAB Robins UK chief executive officer Clive Nicholls is to join Crawford and Company, returni...
Appointment at Ace
Ace Global Markets has appointed Russell Burgess as underwriting manager, accident and health, with ...
Insurers warned over CCTV change
The industry has been warned that changes to CCTV regulations could affect thousands of UK businesse...
Appointment at Heath Lambert
Heath Lambert has appointed three new members of staff to its projects team. Hayley Bonello, Hollie ...
Private equity giant said to be seeking stake in RBSI
Private equity firm CVC Capital Partners is in discussion with the Royal Bank of Scotland over the purchase of a majority stake in insurance units, Churchill and Direct Line, according to newswire reports.
Post weekly bulletin - 16 October
Post reporters Sarah Hills and Louise Meeson look at the major stories from the general insurance market. Watch it now:
WR Berkley bags three of AIG's Professional Liability team; forms BerkleyPro
WR Berkley, the US insurer has hired three former AIG executives and formed BerkleyPro, a new professional liability insurer.
Allied World says Q3 operating income to be in $85-95m range
Bermuda-based (re)insurer Allied World said that it expects to report operating income for the third quarter of the year of between $85-95m.
IFB helps stop multi million pound 'cash for crash' scam
Police have arrested the director of an accident management company for conspiracy to defraud UK motor insurers as part of a 'cash for crash' scam this morning.
Berkshire Hathaway looking to offload Marlborough Underwriting
Berkshire Hathaway is looking at selling its underwriting agency Marlborough Underwriting, according to a senior source at the company.
Munich Re says not 'fundamentally' affected by stock market collapse
Munich Re, the German (re)insurance giant, has said that it has not been fundamentally affected by the recent collapse of world equity prices.
Aon sells AIS Management to Mercury Insurance Group
Aon said it has sold its AIS Management Group unit to Mercury Insurance Group,California's third-largest personal automobile insurance carrier.
Tunnicliffe promoted to active underwriter at Kiln
Lloyd Tunnicliffe, who joined Kiln on 1 September, will take over as active underwriter of Kiln’s Syndicate 807 with effect from 15 October.
Benfield shareholders give go-ahead to Aon merger
Shareholders of UK reinsurance broker Benfield have approved the £844m takeover of the company by US broking giant Aon at a special general meeting in Bermuda.
XL former CEO forced to sell shares to meet margin call
XL Capital has said that its chairman, Brian O’Hara, involuntarily sold approximately 80% of his XL common shares on 9 October in order to meet a margin loan call.
Aflac looking at AIG's Japanese life arm
(BestWire) — US insurer Aflac may be interested in buying the life insurance subsidiary of Alico Japan, a unit of American International Group Inc.
AIG loan will 'kill' the company - Greenberg
(BestWire) — The $85bn US federal loan designed to keep American International Group out of bankruptcy is actually “lose-lose for all concerned” and will kill the company, AIG’s former head told its current chief executive officer.