News
Citizens cover attracts big hedge fund support
Citizens, the Florida state-owned insurer of last resort, is to see a 1 June $440m reinsurance place...
China losses may exceed $20bn
Catastrophe risk modeling firm Air Worldwide estimates that total losses to insured and uninsured pr...
No widespread US downgrades
Moody's has said that there won't be widespread downgrades of US life and property and casualty insu...
S&P says soft cycle may lead to negative outlooks
Ratings agency Standard and Poors has warned that deterioration in premium rates and terms and condi...
Obama backs Fed Cat scheme as exposure mushrooms
US presidential candidate Barack Obama has come out in support of a national catastrophe fund. "I t...
Sub-prime claims within expectations
Lloyd's chairman Lord Levene reiterated that that claims emerging from the US sub-prime mortgage dis...
Vote of confidence for AIG's Sullivan
AIG's board has given chief executive Martin Sullivan a vote of confidence despite a first quarter l...
Bermudians still looking to London
Bermudian (re)insurers are still looking to the London market for platforms, Reinsurance has discove...
Davies Lavery boosts insurance team
Defendant insurance law firm Davies Lavery has promoted Samantha Silver to associate, working within the insurance and reinsurance team.
Cooper Gay completes Heath Lambert acquisitions
Global broker Cooper Gay has acquired the aerospace, reinsurance and UK wholesale divisions of Heath Lambert. It has also purchased elements of Heath Lambert’s global business solutions unit.
Customers compare policies on more than price, says aggregator
Some 45% of motor insurance customers pick policies on factors other than price, according to comparison site comparethemarket.com.
Iceland eathquake causes little structural damage
Yesterday's earthquake in Iceland caused little structural damage according to RMS.
Fitch supports phase II of insurance contracts standard
Fitch Ratings has said phase II of the insurance contracts standard proposed by the International Accounting Standards Board represents a good opportunity to bring greater comparability and increased disclosure to the insurance industry.
3XD launches policy for landlords
3XD has introduced a flexible household insurance for private landlords.
Florida Gov. Crist signs bill to freeze Citizens' rates through 2009
Florida Gov. Charlie Crist has signed a comprehensive insurance reform bill that will freeze rates for Citizens Property Insurance Corp. through 2009 but a plan to use $250 million of the state-run insurers' surplus to fund a capital incentive program…
Arista appoints new underwriter in South West
Arista Insurance has appointed Dan Mewse to provide localised underwriting support to its brokers in Cornwall and Devon.
Hannover in highly leveraged Florida Cat sidecar deal
Hannover Re has sponsored Globe Re, a 1-year sidecar to write a portfolio of US property Cat retrocession. Globe Re will be highly leveraged, capitalised with only $33m of equity and $100m of debt securities.
Crawford strengthens its global account management team
Crawford and Company has appointed Michael La-Band as a new member of its global account management team based at its Lloyd’s of London office.
Another company pulls out of RBSI bidding
Chinese insurance company Ping An has become the latest name to withdraw itself from the bidding for Royal Bank of Scotland Insurance, according to reports.
AIG focuses on fighting fraud
AIG UK has appointed Glen Marr to a new role as the vice president of the company's financial crime unit.
CII generates industry debate
The Chartered Insurance Institute Group has published the first in a new series of opinion papers written by industry experts.
RSA agrees wholesale high net worth deal
RSA has agreed a wholesale arrangement for mid and high net worth products with specialist broker Smith Greenfield.
Groupama boosts HR team
Groupama Insurances strengthens its human resources team with the appointment of a new recruit.
New chairman appointed to FSA
The Chancellor has announced the appointment of Lord Adair Turner as chairman of the Financial Services Authority for a period of five years.