News
AIG CEO confident successor can come from within its ranks
Robert Benmosche, AIG's second chief executive since its government bailout, expects to be at the insurer for up to two more years, according to Bloomberg News.
State of emergency declared in Mexicali
Initial damage reports from the 4 April earthquake suggest that the majority of the damage is focused around the city of Mexicali which was the closest city to the epicenter with a population of around 1.2 million.
Aegon disposes of Dutch business
Aegon has completed the sale of its funeral insurance business in the Netherlands to Dutch investment firm Egeria for EUR 212m.
Aegon disposes of Dutch business
Aegon has completed the sale of its funeral insurance business in the Netherlands to Dutch investment firm Egeria for EUR 212m.
Munich Reinsurance drops America
Munich Reinsurance America has changed its brand name to Munich Re and adopted the Munich Re logo for all marketing materials, the company declared today.
Munich Reinsurance drops America
Munich Reinsurance America has changed its brand name to Munich Re and adopted the Munich Re logo for all marketing materials, the company declared today.
Torus enters UK financial lines with new underwriting agency
Torus UK has entered into the financial lines marketplace in London through a newly formed underwriting agency Torus Executive Risks.
Liberty appoints satellite specialist
Liberty Syndicates has signed a contract with Intelsat for the provision of technical support to the satellite insurance account.
US Treasury adds two execs to AIG board
The US Treasury has appointed two senior executives to serve on AIG’s board of directors, the company said today.
Election set for 6 May
Prime Minister Gordon Brown is preparing to announce that the UK general election will be held - as widely predicted - on 6 May.
MMA signs up to SIRA in fight against fraud
MMA has announced that the company has signed up to the system Syndicated Intelligence for Risk Avoidance system, joining a number of insurers and financial organisations in the fight against claims fraud.
Election set for 6 May
Prime Minister Gordon Brown is preparing to announce that the UK general election will be held - as widely predicted - on 6 May.
US mine explosion claims 25 lives
An explosion in a mine in West Virginia has killed at least 25 people, various news agencies have reported.
US property and casualty coverages dip
The composite rate for property and casualty coverages in the US was down 4% for March this year according to MarketScout. It said the composite rates for February 2009 and 2010 were down 8% and 5% respectively.
Cash for crash ring brought to justice
Following a detailed fraud investigation by Merseyside police's crime operations unit, 25 defendants have received sentences ranging from imprisonment to community orders.
Southern California impacted by quake
The strong earthquake which hit the Baja California in Mexico on Easter Sunday also shook parts of Southern California, US modelling agency RMS has reported.
Sean Quinn boss discusses insurance arm's future with Government agency
The CEO of Enterprise Ireland, Frank Ryan, has said the agency met Seán Quinn and the Quinn Group management team to discuss teh future of Quinn Insurance.
Biba Countdown 2010: The Claims Perspective
The Biba conference is well known as a gathering place for UK insurers to court brokers. But what of those associated with claims? Post asked the bosses of a number of these firms what their hopes are for this year's event, continuing with George Bentley…
Biba Countdown 2010: the London Market View
With this year's Biba conference being held in the capital, Post thought it appropriate to ask a number of companies traditionally more associated with the London market why they are exhibiting and what they hope to get out of the event. This week we…
HSBC deal is completed
Marsh completed its previously agreed acquisition of HSBC Insurance Brokers, a wholly owned subsidiary of HSBC Bank, in the UK and other key markets in Asia and the Middle East on 1 April.
Merger activity on the up
Insurance accountancy firm Moore Stephens has credited the banking sector for the resurgence of merger and acquisition activity among insurance intermediaries.
Giles poised to acquire Cooper Gay division
Giles Insurance Brokers is set to acquire Cooper Gay's UK wholesale broking division, FSJ Broking.
Willis adds new brokers
Six brokers have become new members of Willis Networks bringing the networks' combined membership to 106 firms.
Pet cover goes green
The Green Insurance Company is to expand its personal lines portfolio with a range of environmentally conscious pet insurance products.