News
Brown & Brown Q1 profit down 8%
US (re)insurance broker Brown & Brown has reported a quarterly profit that narrowly beat market estimates, helped by low expenses.
Aviva appoints new strategy director
Aviva France has appointed Pierre-Emmanuel Lefebvre as deputy director of strategy and development. Stanislas Belot is to replace him as secretary of the executive committee.
Aviva proposes end to final salary pension scheme
Aviva has entered a consultation with its UK employees including RAC staff, regarding proposals to end its final salary pension scheme.
Sunderland, East London and Liverpool top list of UK fraud hotspots
Callcredit Information Group has published research which identifies the areas most and least at risk of ID fraud across the UK, with Sunderland topping the list of 121 localities in the British Isles.
Endurance promotes Asquino
Endurance Specialty Holdings has announced the appointment of Thomas Asquino as CUO, property and casualty, of Endurance Worldwide Reinsurance.
UAE premium growth shifting away from commercial sectors – S&P
A ratings agency report on the United Arab Emirates shows insurance penetration in the region is still growing, with geographical distribution similar to previous years, premium growth has shifted to the personal/retail sectors from commercial sectors…
Goldman Sachs does not have E&O cover
Goldman Sachs, the investment banking giant that has recently been indicted by the SEC for fraud, does not carry E&O insurance, market sources have told Reinsurance.
Munich Re places North Carolina cat bond
Munich Re has placed a catastrophe bond to cover two North Carolina insurance groups' hurricane exposures.
Crawford appoints new head of project management
Claims management firm Crawford & Company has named Michael Jones as its new head of project management within its global technical services division.
ABI hits out at "act of God" myth over travel claims
The Association of British Insurers has hit out at the "urban myth" that insurers are relying on an “Act of God” clause to refuse claims from customers stranded abroad by the ongoing aviation disruption.
Amlin takes 25% stake in new Charles Manchester MGA
Charles Manchester, former CEO of Dickson Manchester and HCC International, has teamed up with Michael Cant, previously director at Saturn Professional Risks, to form a new MGA called Manchester Underwriting Management.
TIP recruits two new staff to York office
The insurance partnership has recruited Bob Blackburn as association director and Nick Savage as a key commercial account handler.
AIG linked with Goldman Sachs legal action as Clegg weighs in
AIG is reported to be considering action against Goldman Sachs.
Hiscox backs new underwriting start up
White Oak Underwriting Agency has commenced underwriting, initially targetting the 'automobile and mobile equipment industries'.
FSA playing hard ball over Quinn's UK return
The Financial Services Authority is reported to be playing hard ball over Quinn's re-entry into the UK insurance market.
FSA playing hard ball over Quinn's UK return
The Financial Services Authority is reported to be playing hard ball over Quinn's re-entry into the UK insurance market.
10 years ago: Service standards are blasted
Today's London insurance market has "completely unacceptable service standards", with both documentation and claims payments far too slow.