News
Allianz Insurance financial rating affirmed
AM Best has affirmed the financial strength rating of A+ (superior) and issuer credit rating of “aa” of Allianz Insurance. The outlook for both ratings is stable.
Flagstone Re restructures global operations
Flagstone Re has said that it will restructure its global reinsurance operations by merging its two wholly owned subsidiaries, Flagstone Reinsurance of Bermuda and Flagstone Réassurance Suisse SA into one operating platform which will be Flagstone…
Insurer trio joins Xbroker panel
Online comparative quotation system Xbroker has expanded its panel and product range with the addition of three new insurers.
Willis appoints chairman of global professional services group
Willis Group Holdings has appointed Keith Tracey as chairman of Willis’ global professional services practice.
Aon launches extortion consulting operation
Aon Crisis Management has hired the former senior investigating officer for multinational extortion at the British police to head up a new extortion consulting team.
Confused confirms deal with Alliance and Leicester
Price comparison service Confused has welcomed Alliance and Leicester to its home insurance panel.
Tropical storm Fay to slam Florida coastline
Tropical storm Fay could slam the Florida coastline as soon as Monday night, the National Hurricane Centre has warned.
Tropical storm warning for Florida as Fay closes in
Tropical storm Fay could hit the Florida coast as soon as Monday night, the US National Hurricane Centre has said.
Prestige broker doubles turnover
Performance car insurance broker Peart Insurance, has increased its turnover to almost £1m a year as it approaches its second anniversary under new ownership.
Cooper Gay's Asia Pacific branch snags Britten from Aon Re
Independent international insurance and reinsurance broker Cooper Gay Group said it has hired former Aon Re senior executive Chris Britten to spearhead its growth in the Asia Pacific region.
Stephen Riley reappointed IUA chairman
Stephen Riley has been reappointed as chairman of the International Underwriting Association.
Allianz reports £94m in pre-tax profits
Chief executive officer of Allianz, Andrew Torrance, says the underlying profitability of the business the insurer is writing is “unsatisfactory”.
ifs Diploma for Financial Advisers to cost £500
The ifs School of Finance today confirmed that their new Diploma for Financial Advisers (DipFA) will cost £500.
Barbon unveils new claims bosses
Barbon subsidiary Farr has appointed Matthew Greenhalgh and Francesco Quacquarelli to the newly created positions of claims supervisors.
Hiscox profits up to £109.2m
Hiscox this morning announced an interim pre-tax profit of £109.2m (2007: £105.6m) for the six months ended 30 June. It recorded gross written premiums of £639.4m (2007: £733.0m), down 12.8% and an improved group combined ratio of 79.7% (2007: 84.8%).
Brit may redomicile claims
Lloyd's insurer Brit Insurance has appointed Ernst and Young to advise it on a possible move out of the UK to a more favourable tax regime.
Our Network slams plagiarism claims
The managing director of Our Network has hit back at plagiarism claims calling it’s a “cheap pop” at a new rival.
Sagocor heralds Lloyd's boost
Sagicor recorded overall net income of US $45.4m for the six months ended 30 June 2008. Net income attributable to shareholders totalled US $33.3m.
Software house points to online start up boom
Open GI has reported an increase in the number of brokers contracting for its ecommerce solutions on the basis of growing online opportunities.
BNL seeks legal advice on "knock-off" networks
Broker Network is taking legal advice after accusing rival networks Our Network of plagiarism and Purple Partnerships of questionable testimonials.
RMS launches North American winter storm model
Model estimates that losses from the 1993 super storm that hit the eastern half of the US would reach $5bn in today’s figures.
Mondial provide cover for overseas students in the UK
Mondial Assistance has launched a bespoke product to help universities attract and protect international students.
Critical risk to pensions
Legal & General is urging people to consider the devastating impact having a critical illness could have on their ability to save into their pension.
Flagstone to enter Indian primary market
Flagstone Reinsurance Holdings Ltd plans to enter the primary insurance market in India within a year.