News
RSA share price climbs 4.5%
Insurer RSA's share price has climbed over 4.5% today amid speculation in the press of a takeover bid.
Hurricane Gustav downgraded to Cat 2 hurricane
The US National Hurricane Center has downgraded Hurricane Gustav to a "Category 2" hurricane.
Self-employed are self-assured at success
RSA has released survey results which it said shows that a large number of self-employed business people are optimistic about their future, despite recent gloomy news regarding the UK's 0% economic growth.
RSA strengthens retail team
RSA has appointed Desmond Cross as head of its retail trading unit.
Farm Web boss says it is ahead of schedule
Farm Web is on track to beat its business growth targets, according to its chief executive, Elaine Pyke.
Clarification: XL and Burma
Earlier this month Reinsurance Magazine reported that Bermudian-based insurer XL had pulled out of doing business in Burma after being named in a report by the Burma Campaign UK.
Heath Lambert wins train supplier contract
Heath Lambert has been appointed as broker to Alstom in the UK including West Coast Traincare.
Ace selects non-claims legal panel
Ace European Group has selected a panel of law firms to handle its non-claims work.
Finch flees Cunningham Lindsey for Crawford
Alex Finch has left Cunningham Lindsey to become managing director for Crawford and Company's national building services unit, with immediate effect.
Ifs offers certificate in long term care insurance
The IFS School of Finance will soon be offering a new qualification in long term care insurance.
Moorhouse creates role to boost growth
Moorhouse has created the new role of sales and marketing director and appointed Tim Larden to the post to oversee its "hypergrowth" strategy.
MMC linked with Benfield counter bid
US broking giant Marsh and McLennan is considering trumping Aon’s agreed £844m takeover deal for Benfield.
RMS: Gustav will be "critical test" of New Orleans flood defences
Hurricane Gustav could offer a "critical test" of whether New Orleans could handle such a powerful surge without being overwhelmed, as happened during Hurricane Katrina, RMS has claimed.
Bollington appoints ex-Aviva manager to head up arm
Bollington has appointed Chris Patterson as managing director of its wholesale operations.
Liberty gets new chief risk officer from Beazley
Liberty Syndicates said that it has appointed Jonathan Matthews as its new chief risk officer.
Legal & General double immediate cover
Legal & General has increased cover for its immediate protection cover facility from 30 to 60 days and has doubled business critical illness cover to £1million.
JLT falls in first half
Broker JLT reported a 9% increase in fees and commissions to £266.2m and a 4.9% jump in underlying t...
Aon buys Benfield for $1.75bn
After much discussion of "champagne talk and beer money" from Benfield's Grahame Chilton, the corks are out in Bishopsgate after Aon offered $1.75bn for the business. Alex Ferguson has more..
M&A buying continues unabated
Swiss Re has agreed to acquire Barclay's closed life business Barclays Life for £753m. "The transac...
(Re)insurers may have to adjust strategy after credit crunch havoc
Insurers and reinsurers may have to adjust their risk strategy in the coming months as investment ga...
Recruitment moves
Swiss Re America, a unit of Swiss (re)insurer Swiss Re, has appointed Alabama insurance commissioner...
Aon places three on leave of absence pending illegal payment investigation
Aon has placed three employees in its aviation team on a leave of absence pending an investigation t...
Growth in demand for captive ratings says AM Best
AM Best has reported a growing interest in financial strength ratings for captives and other alterna...
Spiller appointed chairman at Heritage Underwriting
The board of Heritage Managing Agency, a member of Argo Group, has appointed David Spiller as its ne...