News
Legal and General head reports on economic slump
Legal and General head of fraud management Baden Smith, told delegates it was difficult to assert wh...
Obstacles still exist between insurers and suppliers
Suppliers present at a workshop noted a shift within the insurance industry towards a greater focus ...
Riddick joins Lockton
Mike Riddick has joined Lockton as an executive director on the broker's marine hull team. He previo...
Airmic slams crunch delay
The Association of Insurance and Risk Managers' chief executive has questioned whether the industry ...
Alcock leaves Endsleigh
Endsleigh managing director Mike Alcock, pictured, is joining Zurich in the newly created role of he...
300 people laid off at Willis in Q1
Willis eliminated 300 positions in the first three months of 2009, the company's first quarter statement has shown.
New India stopping writing (re)insurance risks in Carribbean - Central American region - sources
New India Assurance, the Indian (re)insurer, has stopped writing business at its Carribbean and Central American regions because of high treaty reinsurance prices, Reinsurance has learned.
Post pick of the week
Senior reporter Sarah Hills looks at the major news stories in the week's Post: Kwik Fit eyes acquisitions in direct underwriting move; NIG ditches yesterday's model and 130 staff; Stuart Alexander duo in property broking start up; and RSA to reduce…
CNA Europe CEO resigns
The chief executive of CNA Europe has resigned weeks after outlining his plans for the company in Post.
Guy Carpenter grabs staff from Aon Benfield and RSA
Guy Carpenter has added brokers from Aon Benfield and Willis for its Latin American and Carribbean treaty team.
The MPLC broadens D&O service with new appointment
The MPLC has expanded its directors & officers (D&O) offering with the appointment of Nigel Brand to the position of senior underwriter for its management liability business.
New FNOL tool launched
Audatex has launched a new decision support tool which aims to bring savings to the first notification of loss process.
Swiftcover covers musicians for first time after Iggy ban
Swiftcover has made its insurance cover available to musicians for the first time after its Iggy Pop advert is banned.
Marsh forms captive for SME clients
Marsh has established protected cell captive insurance facilities in Washington, DC, and Isle of Man.
Brokers from Aon Benfield, Guy Carpenter go to JLT Re
JLT Re have hired brokers from Aon Benfield and Guy Carpenter in an effort to expand their North American operations.
Arthur J. Gallagher London cuts nine from London office - sources
US broking giant Arthur J. Gallagher's London office has made a number of its brokers redundant, Reinsurance has learned.
Allianz says expects €700m revenue rise in Q1
Allianz Group said that total revenues are expected to be around €27.7bn in the first quarter of 2009, compared to €27bn in the same quarter of 2008.
New chairman at the CII’s London Market Faculty
David Gittings has stepped down as chairman of the Chartered Insurance Institute's London Market Faculty board, and that the new chairman is Adrian Ballardie of Tokio Marine Global.
Validus files legal proceedings against IPC and Max
Validus has filed legal proceedings in the Supreme Court of Bermuda against IPC Holdings and Max Capital challenging the $50m break fee and 'no-talk' in the latter companies' merger agreement.
Novae GWP rises 28%
Novae, the Lloyd's (re)insurer, said that gross written premiums for the first quarter of the year were up 28%.
Higher brokerage revenue pushes Gallagher's Q1 net income up
Higher brokerage income pushed Arthur J. Gallagher's net income during the first three months of the year, the company said.
Swiftcover Iggy Pop ad banned
Swiftcover has been stopped from using Iggy Pop in its marketing by the Advertising Strandards Association because it would not insure musicians.
Hub International sells most of its Florida business
Hub International Limited, the US broker, said that it is selling its Florida unit, Hub Florida to former owner Hector Fortun for an undisclosed amount.
Validus files lawsuit against IPC Holdings and Max Capital
Validus, the Bermudian (re)insurer said that it has filed legal proceedings in the Supreme Court of Bermuda against rival IPC Holdings, IPC Limited and other rival Max Capital, in an effort to challenge the $50m break fee and "no-talk" provision…