News
AIG linked with $20bn sell off
AIG is seeking to raise $10bn-$20bn (£5.6bn-£11.1bn) by selling non core assetts.
Cooper Gay acquires mining team
Insurance and reinsurance broker Cooper Gay has added a new specialist mining team to its London based energy and construction division.
Hurricane Ike may have a $3bn impact on reinsurers - KBW
Hurricane Ike may cost the reinsurance industry around $3bn, according to analysts at Keefe, Bruyette & Woods.
Flagstone Re expects $10-15bn total insured industry losses from Hurricane Ike
Bermuda-headquarted reinsurer Flagstone Re said today that their preliminary analysis estimates that total onshore insured industry losses from Hurricane Ike could range from $10-15bn.
Hurricane Ike hammers Texas Coast
Hurricane Ike has arrived on the Texas Coast, devestating the City of Galveston and threatening Houston.
Esure goes green
Esure has saved over two million sheets of paper and more than doubling its recycling in a year.
The Withers Group expands into the north
The Withers Group has opened a new office in Warrington, Lancashire, servicing insurance and construction clients from the Midlands to Scotland.
Greenberg, other directors agree $115m suit settlement
Hank Greenberg and three other directors of CV Starr have agreed to pay $115m to settle a suit from the Teachers Retirement System of Louisiana.
Ernst and Young boosts London and Bermuda insurance team
Former QBE European operations director David Lang has joined Ernst and Young as a director in the London and Bermuda insurance team.
First Assist strikes travel insurance deal with Sainsbury's
First Assist Insurance Services has signed a travel insurance partnership deal with Sainsbury’s Finance.
HCML completes rehabilitation standards
Rehabilitation provider Health and Case Management has completed its core professional case management standards.
Ike closes in on Texas coast
Hurricane Ike is closing in on the coast of Texas and may strike the upper Texas coast late Friday or early Saturday, Guy Carpenter said.
Mike India 5 snap up Brownsword
David Brownsword, who sold his controlling interest in liability and fraud operation Brownsword to Capita in 2006, has joined nationwide investigators Mike India 5 as chief executive officer.
Ike causes $200m damage in Turks and Caicos. Bahamas
(BestWire) — As the Gulf Coast watches Hurricane Ike approach, catastrophic risk modelers, Risk Management Solutions, estimates the storm has already caused up to $200m in insured loss in the Turks and Caicos Islands as well as the Bahamas.
Questgates complies with MOJ recommendations
Questgates motor division has, during trials of a new IT system, proved it is able to comply with reforms recently recommended by the Ministry of Justice.
Integro set to announce US job cuts - sources
Integro, the US and UK (re)insurance broker, is understood to be set to make a raft of job cuts in its US operations, Reinsurance has learnt. Integro's UK operations are not expected to be impacted.
Ace boosts construction team
Ace Europe has appointed Andrew Morris as UK regional construction underwriter.
Willis reveals wholesale strategy
Glencairn, Hilb Rogal and Hobbs' London-based operation, and Willis Group Holdings, the global insurance broker, have revealed plans to create a new third-party wholesale brokerage business, following the expected completion of Willis' planned…
Junction hires three new associate directors
Junction has appointed three new associate directors at its head office in Orton Southgate, Peterborough.
Willis and Glencairn detail new third-party wholesale business
Glencairn, Hilb Rogal & Hobbs´ London-based operation, and Willis Group Holdings have confirmed plans to create a new third-party wholesale brokerage business, following the expected completion of Willis´ planned combination with HRH before the end of…
Appointment at RFIB Group
International Lloyd’s insurance and reinsurance broker RFIB Group has appointed Richard Spragg as managing director, financial products, non marine division - insurance.
Morris joins Ace Europe's UK construction team
Ace Europe has appointed Andrew Morris as UK regional construction underwriter with responsibility for the Midlands and the South. He joins from Zurich where he was corporate construction development underwriter having previously worked at Axa and…
CFS reports drop in GWP to £220.9m
The Co-operative Financial Services’ general insurance gross written premium has dropped by £5.9m to £220.9m.
Highway in Claim Watch move
Intermediary only insurer Highway claims to have become the first to promote its services online to customers using the Claim Watch vehicle repair tracking service.