News
RSA establishes prestige vehicle accident repair network
RSA has extended its UK repair network to provide prestige vehicle accident repair services for customers with high value cars.
Giles comes third in buyout league table
Giles Insurance Brokers has been ranked third in the Sunday Times Buyout Track 100 league table.
Mitchell and Partners add to team as growth continues
Specialist financial services executive head-hunters Mitchell and Partners have added to their capabilities with two key appointments.
Chaucer has received "a number of approaches"
Chaucer has said that it has received a "number of approaches" since it announced a £75m capital raising at the end of January.
Catlin CIO jumps ship for Close Brothers
Preb Prebensen, the former chief executive of Wellington Underwriting and chief investment officer of Catlin, has left to become the new chief executive of UK investment bank Close Brothers.
Unum extends dual benefit group IP to cover all sizes of business
Unum is extending its Dual Benefit Group Income Protection product to allow cover for companies of all sizes.
Bright Grey urges advisers to act on Valentine's Day
Bright Grey has recommended that advisers use this coming Valentine's Day to persuade consumers to protect their loved ones by having policies written in trust.
FSA publishes Financial Risk Outlook
The Financial Services Authority (FSA) has reminded firms of the importance of treating fairly those customers suffering difficulties in its Financial Risk Outlook.
FSA warns on effects of current economic climate
The FSA has warned of a contraction in the number of specialist mortgage adviser firms due to the current economic conditions.
Swiss Re downgraded by Moody's
Moody's Investors Service has downgraded the insurance financial strength (IFSR) and debt ratings of Swiss Reinsurance Company (Swiss Re) and associated companies. (IFSR and senior debt ratings to Aa3. See debt list below for more details.).
Beazley says investigating capital raising options
Lloyd's (re)insurer Beazley has confirmed that it is is "considering a potential equity fundraising to develop growth opportunities in the current market."
RSA unveils new online tool for marine products
RSA has improved its marine proposition by introducing iCargo, a new online tool designed to enhance the underwriting process.
Aon Q4 net income down 95%; FY net income up 71%
Aon's full-year net income shot up 71%, going to $1.478bn, up from $864m, thanks to its acqusition of Benfield midway through last year.
Policyfast releases new online truck product
Independently-owned web based underwriting agency Policyfast has designed a new truck insurance product designed to provide cover for vehicles weighing from 3.6 to 60 tons.
Catlin FY results expected to be 'ugly' - analysts
Catlin's full year results will be 'ugly', according to insurance analysts at Citi.
Former HSBC broker MD joins rival
Lloyd's broker Howden has appointed senior financial institutions practitioner, Patrick Gilham as a member of the senior leadership team. He was formerly managing director of the financial institutions practice at HSBC Insurance Brokers and joins in May.
Aon Benfield launches new credit and financial risks centre
Aon Benfield has launched an International Centre of Excellence for Credit and Financial Risks.
Allied World produces 'stellar' Q4 results
Bermudian reinsurer Allied World cheered the Bermudian market with strong operating results in the fourth quarter.
Cunningham Lindsey strengthens fraud team
Cunningham Lindsey UK has appointment two senior hires to its complex technical services team.
Hartford hit by $2.7bn FY net loss
The Hartford Financial Services Group, the US-based insurer, reported a $2.7bn loss of full year net income, down from a $2.9bn net gain in 2007.
FSSC warns on qualifications
The Financial Services Skills Council (FSSC) has warned advisers that current QCA Level 4 qualifications may not meet Retail Distribution Review (RDR) requirements in 2012.
LV= launches mortgage and lifestyle protection marketing toolkit
LV= has created a Marketing Toolkit to help financial advisers revisit their existing clients.
Swiss Re ratings place on review with negative implications by AM Best
AM Best Co. has placed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of ¡°aa-¡± of Swiss Reinsurance Company (Swiss Re) (Switzerland) and its similarly rated subsidiaries under review with negative implications…
Aspen Re hasn't seen losses from Madoff scandal; CEO bullish on rates
Aspen Re's casualty unit hasn't seen any losses as a result of the $50bn Bernard Madoff scandal, the company's chief executive Chris O'Kane told Reinsurance in an exclusive interview.