News
Equity buys Essex broker
Equity has bought Billericay broker, Peter DJ Murray Insurance Consultants.
Access to Axa household products widens
Two of Axa's household insurance products are now available to brokers through software solutions provider Insurecom.
Flagstone in $104m Cat bond deal
As first revealed by Reinsurance in May 2008 Bermudian reinsurer Flagstone Re has announced that it has bought a three-year fully collateralised retrocession on an indemnity basis from Valais Re a Cayman Islands special purpose reinsurer.
Zurich Financial Services CFO joins Ernst and Young
Mick Summersgill has joined Ernst and Young today as a director in the recently created dedicated insurance run-off team.
LV= and Nationwide announce new insurance partnership
Mutual insurance and investment group LV= and Nationwide Building Society have announced a major new partnership.
Marsh granted Saudi Arabian licence
Marsh has finally been licensed to provide full insurance broking and advisory services in Saudi Arabia under the provision of the Insurance Law of 2003, following approval by the Saudi Arabian Monetary Agency.
FSA publishes final regulatory fees and levies for 2008/09
The Financial Services Authority (FSA) has published the final FSA fee rates and Financial Ombudsman Services (FOS) levies for 2008/09.
Chubb responds to Corporate Manslaughter Act
Chubb Insurance announces increased protection for companies facing heightened exposures as a result of the recently introduced Corporate Manslaughter Act.
Hill Dickinson announces promotions
Law firm Hill Dickinson has promoted Ruth Lawrence and Maria Pittordis to heads of practice.
Quanta to be acquired by Catalina for $197m
Bermudian reinsurer in run-off Quanta Capital announced today that it has entered into a definitive amalgamation agreement with Catalina Holdings (Bermuda) and Catalina Alpha Pursuant to the amalgamation agreement, Catalina will acquire Quanta in a…
Ironshore stalking Chaucer's Pembroke syndicate - source
Bermudian insurer Ironshore is stalking Chaucer-managed syndicate Pembroke, Reinsurance understands.
Aon appoints private clients MD
Ben Doveton has been appointed managing director of Aon private clients, the company’s high-net worth business.
Davies appoints two to the board
Loss adjuster Davies has appointed Iain Maclean to the operations board as director of project managed subsidence services. Nick Gazzard has also been appointed as associate director reporting to the board to head corporate governance for the entire…
Fraud prevention low priority for UK firms
Only 37% of private UK companies employ specialists to detect fraud, compared with a global average of 45% and 59% in the US, according to new research.
Adjuster moves into the black in 2007
Resources in Insurance Group has reported that its turnover increased 35% from £2.82m to £3.81m in 20076. Its pre tax profit improved from a loss of (£62 000 in 2006) to a profit of £120 000.
Management reshufffle at PartnerRe Global
With effect 1st September 2008 Bermudian (re)insurer PartnerRe has announcd it will amend its senior management team as follows:
TSR predicts storm activity 20% above norm; but downgrades forecast
With the start yesterday of the 2008 hurricane season, Benfield-sponsored hurricane forecasting experts Tropical Storm Risk, are predicting storm activity in 2008 which will slightly above the long-term (1950-2007) norm.
Towergate annual results reveal £2.1bn GWP
The Towergate Family – including TPL, Broker Network, Paymentshield and Open International – has reported total sales (GWP) of £2.1bn, income of £394m and EBITDA of £166m on a pro forma basis for the 12 months leading to 31 December 2007.
Nationwide announces new insurance affinity partner
LV and Nationwide Building Society have today announced a new six year partnership.
Snowball outlines reasons for stepping down from Towergate board
Towergate has confirmed that Patrick Snowball has relinquished his non executive role on Towergate Partnership Board but remains chairman of Towergate Financial Services
New Axa Insurance CEO Maso insists he is no 'Mr Fix It'
The new chief executive of Axa Insurance, Philippe Maso, has insisted that he is not a Mr Fix-It and is here for the long term.
Snowball to step down at Towergate after IPO delay
Former Aviva general insurance boss Patrick Snowball is stepping down as deputy chairman of consolidator Towergate ( Snowball outlines reasons for leaving)
Snowball out as deputy chairman of Towergate
Former Aviva general insurance boss Patrick Snowball is stepping down as deputy chairman of trailblazing UK broking consolidator Towergate, according to a report.
Berkshire Hathaway reports a 64% decrease in Q1 profit
Berkshire Hathaway reported a first-quarter profit of $940m, a decrease of 63.8% from the same perio...