News
Baldock out in GAB restructure
GAB Robins plans to incorporate its existing UK field adjusting and fraud investigation teams under the management of a newly created property services operation, to be called Property Service Line.
Reinsurers facing increasingly volatile 2008 - Willis Re
Reinsurers are going to experience an increasingly volatile 2008, reports global reinsurance broker Willis Re.
RSA acquires insurer
Royal and Sun Alliance Insurance has today announced the acquisition of Sertus Underwriting.
Swinton acquires Kent broker
Swinton Business - the commercial division of the high street insurance retailer - has acquired the independent broker Lawrences.
Paulson calls for optional US federal insurance regulation
Secretary of state to the US Treasury Henry Paulson has called for optional federal regulation of the US insurance industry.
US property and casualty prices down 14%
US property and casualty insurance prices were down 14% in February, according to research from Mark...
Fitch downgrades SCA to junk status
Fitch Ratings has downgraded the insurer financial strength (IFS) ratings of Bermudian (re) insurer ...
Convicted Gen Re executives pass on $5m payment
The five insurance executives convicted last month of fraud in connection with a sham reinsurance de...
Argo in £136m Heritage acquisition
Specialist (re)insurer Argo Group International Holdings has agreed a £136m all-cash deal to acquire...
Space claims are out of this world
Space claims are estimated to reach $835m for 2007, prompting insurers to re-assess their premium ra...
Marsh brokered Burma aviation business into London
Following an exhaustive investigation by Alexander Ferguson click through for an exclusive report.
Harbor Point eyes Omega purchase
Bermudian (re)insurer Harbor Point may have Lloyd's insurer Omega in its sights, sources have told R...
Arch and Gulf Investment Corporation launch Gulf Re
Bermudian (re)insurer Arch Capital and the Gulf Investment Corporation (GIC) said at the World Insur...
Benfield confirms job cuts on the way
Some of Benfield's £15m proposed cost savings will come in the form of job cuts, confirmed the reins...
Ship total losses are on the rise
Ship total losses have dramatically increased, according to figures release today by the Internation...
Florida cat fund reform clears senate committee
A bill aiming to reduce the limits available and increase co-reinsurance levels under the Florida Hu...
Flagstone to acquire 65% share of Imperial Re
Bermudian class of 2005 start-up (re)insurer Flagstone Re has announced that it is to buy 65% of Sou...
Exchange agreement is signed
Bermuda-headquartered (re)insurance group White Mountains has signed an exchange agreement with Berk...
Willis not granted license... yet
Willis and the Saudi Arabian government are at odds as to whether the broker has been granted an off...
Ironshore launches healthcare division
Ironshore has announced it is entering the healthcare liability sector with the launch of Ironhealth...
S&P: sector's outlook is 'touch and go'
Ratings agency Standard and Poors (S&P) has warned that reinsurance pricing for most lines is still ...
XL Capital names Michael McGavick as chief executive
Michael McGavick is due to join beleaguered Bermudian (re)insurer XL Capital on 1 May, replacing Bri...
Emma costs from EUR300m to EUR1.5bn
Windstorm Emma is thought to have cost insurers between EUR300m and EUR1.5bn, modeling groups Risk M...
Munich Re to provide storm cover
German (re)insurer Munich Re has launched Queen Street, a special purpose Cayman Islands-exempted EU...