News
Berkshire Hathaway to buy medical liability Insurer
General Electric and Berkshire Hathaway have announced that GE Insurance Solutions has entered into a letter of intent for the sale of Medical Protective Corporation, professional liability insurers for physicians and dentists, to National Indemnity, a…
Integro launches with $300m backing
Ex-Marsh executive Bob Clements has announced the launch of his new brokerage, Integro, after raising $300m for the start up.
IFRS hits Wellington for £700k
Lloyd's insurer Wellington Underwriting has restated net income for the 2004 year of account, after applying international financial reporting standards.
Towergate strengthens farming presence
The Towergate Partnership has acquired Whitchurch based David Thelwell and Company, specialists in Agricultural insurance managing approximately £1.25m of premium.
Capita sets up new company in renewed loss adjusting push
Capita Insurance Services has set up a new dedicated buiness to focus on high end corporate and complex loss adjusting.
Alec Finch acquires
Alec Finch Group has acquired Oakley Financial Solutions Limited, a Manchester based independent financial advisor.
Broker makes second 2005 buy
Broker Bryan James has acquired Bryan Insurance Services for an undisclosed sum. It is Bryan James’ second buy of the year, after joining forces with south-west London-based Fairweather Browne in January. All work will move to Bryan James’ Hayes office.
Lloyd's broker snaps-up rival
Travel insurance broker PJ Hayman & Co has bought fellow travel intermediary Venturesure.
Aviva/RAC deal imminent
Insurer Aviva is set to snap up RAC after receiving valid acceptances for its £1.1bn offer, representing 88% of the motoring giant’s share capital.
AIG woes felt at Lloyd's
Lloyd's insurer Ascot Underwriting has been impacted by the troubles at AIG, with AM Best placing its ratings under review.
AIG receives further downgrade blows
A.M. Best has downgraded the Financial Strength Ratings of most of AIG's wholly-owned insurance subsidiaries to A+ (Superior) from A++ (Superior).
RI3K supports contract certainty with fac re roll out
RI3K has announced the delivery of a fully London Market Principles compliant electronic transaction module for facultative reinsurance.
CII aims to enlist more titleholders
The Chartered Insurance Institute is embarking on a campaign to increase the number of chartered tit...
James puts focus on education
Lloyd's director of worldwide markets Julian James commended the training and development efforts of...
Know your agency: This month - Search Consultancy
Understanding the services and specialisms of recruitment consultants is important. Managing consultant Andrew Stark gives the lowdown on Search Consultancy
Appointment at BHSF
Former Sheffield Steelers ice hockey player Alan Hague has joined BHSF. He becomes account executive...
CILA optimistic as service tide changes
Andy King, outgoing president of the Chartered Institute of Loss Adjusters, claimed the insurance in...
Appointment at Professional Travel Insurance
Professional Travel Insurance has promoted Mike Clayden from finance director to managing director. ...
Zurich boss hails education tool
The proposed anti-fraud database will not only catch insurance cheats but will educate the industry ...
AIG to capitalise on legal reform
AIG is launching an annuity product to capitalise on insurers' obligations to provide periodical pay...
Claims corner
Post Magazine already provides a forum for senior insurance company claims directors through the Cla...
Appointment at Glacier Reinsurance
Glacier Reinsurance has made Oliver Wirtzfeld senior underwriter. He will be responsible for marine ...
Insurers get worse at paying creditors
Insurers are getting worse at paying creditors on time but the sector has performed much better than...
Liberty Mutual Group reports profits
Liberty Mutual Group has reported profits of $396m (£208.9m) for the three months ended 31 March 200...