News
Canopius: rating talk not translating into action
Canopius Managing Agents will take a cautious approach in the early part of 2009 as the markets in w...
Enterprise team for Close
Close Premium Finance has launched a new team - Enterprise - in a bid to support smaller brokers. In...
Penny black's insurance week
Over a pre-Christmas drink with Simon Clayton, LFC Insurance Group's marketing and development direc...
Dispute resolution service aims to cut insurer legal costs by 75%
A new dispute resolution service is targeting the insurance industry claiming it can potentially sav...
Pick of the week
Post senior reporter Sarah Hills rounds up the top stories from the general insurance sector. This week: MBO signals broking return for 'fallen giant'; dispute resolution services aims to cut insurer legal costs by 75%; HBOS Insurance boss moves on…
Kiln grabs senior underwriter from Bowoods
Kiln, the Lloyd's subsidiary of Japanese reinsurer Tokio Marine, has appointed Ashley Gayton to its Syndicate 510 property and special lines division, where he will manage Kiln's international motor business.
Lloyd's broker recruits new MD
Robertson Taylor, the specialist music and entertainment subsidiary of Lloyd's insurance broker Oxygen, has expanded its fine arts division with the appointment of Victoria France as managing director, Fine Arts.
Giles makes first acquisition of 2009
Giles has bought Rickmansworth-based LRG Insurance Services in its first acquisition of the year.
XL insurance unit names new property underwriter for the Americas
XL Insurance, the insurance unit of struggling Bermuda-based (re)insurer XL Capital, said that it has named Mike Martin as chief property underwriter for the Americas.
Japanese insurance giants in merger talks - reports
Japanese insurance giants Mitsui Sumitomo Insurance Group Holdings, Aioi Insurance. and Nissay Dowa General Insurance are in talks over a monster merger after their share price collapsed earlier this year, CNN has reported.
Noor Investment Group launches Noor Takaful
Noor Investment Group, the Dubai-headquartered company, has launched its Noor Takaful brand.
China insurance regulators to start new evaluation scheme for companies
Regulators at the China Insurance Regulatory Commission has proposed a new evaluation scheme for companies. The scheme will start on Jan 1.
AIG sells subsidiary
AIG's German marine (re)insurer Württembergische and Badische Versicherungs-AG (WÜBA), said that it has sold its subsidiary Deutsche Versicherungs Ruck to hedge fund Augur Financial Opportunity for an undisclosed sum.
Willis hires new head of continental Europe business
(Bestwire) Willis Group Holdings Ltd. has named Adam Garrard as the chief executive officer of its European continental business.
US health insurer Cigna cuts over 1000 jobs
US health insurer Cigna Corp. is cutting about 1100 jobs worldwide, or about 4% of its work force, and consolidating some office locations. It expects to record between $30-40m in fourth-quarter cost-reduction charges, after-tax. (Bestwire)
Former Marsh MD joins rival Aon
Aon has appointed Claire Hodgson to act as an exclusive consultant to its financial institutions team.
THB and CNA in new joint venture
THB Professional and Financial Risks has announced the launch of its new Delegated Underwriting Authority (DUA) for Professional Indemnity Insurance with CNA Insurance Company Europe Limited.
Colemont gets reinsurance broking license in Argentina
Colemont, the international wholesale insurance broker, said that it has been granted a license by the Superintendencia de Seguros de la Nación to operate as a reinsurance broker in Argentina.
Reinsurer shift towards Europe from Bermuda predicted
Bermuda may continue to lose its favour amongst its domestic reinsurance companies in 2009, business advisory consultant Smart has said.
Catlin Canada raids GCAN for new chief underwriting officer
Catlin Canada, a subsidiary of Lloyd's (re)insurer Catlin, has brought in David Huebel, the former president and chief executive of Canadian insurer GCAN to be its chief underwriting officer.
Salmonella insurance scheme launched
Noble Foods is to launch a new scheme to provide egg producers with free of charge salmonella insurance from 1 January 2009. Noble Foods' cover will be available to all producers subject to them testing as currently "salmonella free" and successful…
Beat That Quote grows motor panel
PRICE comparison site Beat That Quote has added five new insurers to its motor panel.
Noble Foods introduces salmonella scheme
Noble Foods has launched an innovative new scheme to provide egg producers with free of charge salmonella insurance from 1 January 2009.
Hub makes another acquisition
Hub International Limited (Hub) announced today that it has acquired the assets of Colorado-based employee benefits broker and consultant Gemini Group for an undisclosed sum.