News
Lloyd's Brazil head named
Lloyd's has appointed Marco Antonio de Simas Castro as managing director, Lloyd's Brazil.
Guy Carp: prices 10-20% down at 1/7
Excess capital has caused soft market conditions to persist at July property and casualty reinsurance renewals, according to a briefing released by reinsurance broker Guy Carpenter.
Cooper Gay secures £31.6m debt financing facility
Cooper Gay has signed a £31.6m senior debt financing facility with National Australia Bank, London, which it said will support its ongoing acquisition strategy.
Hiscox overhauls HNW offering
Hiscox has announced changes to its art and private client offerings.
MOJ reforms: Bridget Prentice to address Claims Club
Bridget Prentice MP, the parliamentary under secretary of state at the Ministry of Justice has confirmed she will now address the Post Magazine Claims Club Annual Conference on 9 October. The news follows rumblings in the market that the MOJ will make an…
Aon adds to UK board
Aon has appointed Mark Chessher to the position of CFO of Aon and Aon Risk Services.
Life Direct warns on Inheritance Tax
Neglecting to put a life policy into trust could give the Inland Revenue a windfall of £2bn, according to specialist online brokers Life Direct.
AM Best turns positive on Hannover Re
Ratings agency AM Best has affirmed Hannover Re’s financial strength rating of A and upped the rating's outlook to positive from stable. Best also has upgraded the firm’s issuer credit rating (ICR) to “a+” from “a”.
Swiss Re hit by $9.6bn holding of Fannie and Freddie debt
(BestWire) — reinsurance giant Swiss Re has disclosed it owns roughly $9.6 billion of corporate debt from troubled US government-backed mortgage lenders Freddie Mac and Fannie Mae.
Marsh appoints head of affinity development
Marsh has appointed Alastair Burns as head of affinity development and client management, a part of its global consumer connexions UK team.
Assurant Solutions teams up with Irish Brokers Association
Assurant Solutions, a specialist in creating, underwriting and administering creditor insurance products, has partnered with the Irish Brokers Association (IBA) in an exclusive deal to develop payment protection products in Ireland.
Retail Distribution Review criticised by Skandia
Skandia has said that the outcome of the Retail Distribution Review (RDR) should be applied to the entire financial services market in order to avoid customer confusion about the type of advice or service they are paying for.
Legal & General to use improved protection tool to help advisers increase profitability
Legal & General has launched a new tool to analyse the sales performance of advisers.
Pick of the week
Post editor Jonathan Swift looks at the major stories from the general insurance market. This week: p...
Pressure for EL database grows as MPs 'pray' for records U-turn
Pressure to form a national database of employers' liability policies is likely to be stepped up aft...
Credit crunch forces rating withdrawal
Irish insurer Quinn has said it is confident its UK customers will recognise its strengths after pul...
Heath's artistic move
Heath Lambert's specialist fine art broker, Blackwall Green, has released a new product covering all...
Aviva U-turn as offshoring business is sold in £115m deal
Aviva has revealed it has no plans to create more offshore centres in other countries, following a U...
Lawyers circle as pleural plaques fund is discussed
Claimant lawyers are already calling for people diagnosed with pleural plaques to register personal ...
Helphire CEO to retire
Mark Jackson, Helphire chief executive officer and a founder of Helphire (pictured) has informed the...
Brit opens Reading centre
Brit Insurance Holdings has opened a new permanent underwriting centre in Reading. The team is led b...
VP pulls in subsidiary to boost UK broker business
Venture Preference chief executive officer Stuart Reid has said the Axa subsidiary will look to stre...
Start-up heralds "new maturity" in SME market
A duo of senior industry figures have launched a new business continuity and insurance service provi...
Bird takes claims role
Groupama Insurances has announced that Phil Bird, currently non-motor and small to medium-sized ente...