News
Insurance unit to demerge
London Market News
Amlin unveils Bermuda team
London Market News
Marsh goes for public sector
Marsh will launch a fully dedicated pubic sector practice on 1 January next year. The unit will hav...
Aon assesses market place for possible buyers
Aon is assessing the market place for possible buyers of its worldwide underwriting arm, Aon Warrant...
Budget looks to double affinity arm in 2006
Broker Budget has predicted its affinity operation will double in size by next summer. The company ...
Appointment at Anglo Pacific Consultants
Anglo Pacific Consultants has made Scott Dickenson claims manager. Mr Dickenson will oversee the age...
Appointment at Towry Law
Rupert Mclean has been recruited to set up and manage the specialist area of financial and investmen...
Illium aims for £50m in commercial motor
London Market News
NU looks to boost online sales
Norwich Union hopes to boost online sales with a new technology roll out. The insurer implemented S...
FSA mulls compulsory commission disclosure
The UK regulator has warned brokers that it will take stock over whether to make the disclosure of c...
Manufacturers heed whiplash message
Motor research centre Thatcham has revealed that vehicle manufacturers recorded a 6% improvement for...
Appointment at Willis
Willis has strengthened its healthcare practice with the appointment of Jennifer Rutecky as healthca...
Biba urges brokers to lobby FSA
Brokers are being urged by the British Insurance Brokers' Association to lobby the regulator, to hel...
Appointment at FWD
FWD has promoted Emma Lane to senior events consultant within the specialist events division. She ha...
Crawford and Company obtain shareholding in Chinese firm
Crawford and Company has said it will obtain full managerial control of the Chinese firm Tino Insura...
Insurers given claims limit hope
The government has turned to the insurance industry to help it decide whether to raise the small cla...
PXRE paves the way for further $500m capital raising
PXRE has announced that it has filed for the proposed offering of up to $700m of its securities with the Securities and Exchange Commission, including approximately $198m of its previously registered securities.
Axa in Lloyds TSB tie up
Axa has announced today that it has secured the contract to underwrite Lloyds TSB Insurance’s travel insurance from 1 February 2006 following a competitive tender.
Heath Lambert in home insurance launch
Heath Lambert today announced it will be the sole provider of cover for Diamond's new home insurance product.
Moody’s downgrades XL Insurance, but XL Re affirmed
Moody's has downgraded the insurance financial strength ratings of XL's leading insurance operating subsidiaries, including XL Insurance (Bermuda) Ltd to Aa3 from Aa2 as well as the senior debt rating of XL Capital Ltd to A3 from A2 and has downgraded…
Moody's lowers Transatlantic Re’s rating
Moody's Investors Service has lowered the insurance financial strength rating of Transatlantic Re to Aa3 from Aa2. The outlook for the rating is stable.
Endurance takes $115m hit from $12bn Wilma industry loss
Bermudian (re)insurer Endurance Specialty Holdings has announced a $115m estimated net loss from Hurricane Wilma . The estimate is net of reinsurance, reinstatement premiums, and tax benefits. Endurance added that its estimated gross lossesfrom the storm…
Russ quits at Quanta
Quanta Capital Holdings has announced that its Board of Directors has appointed Robert Lippincott as its interim chief executive.
Integro acquires Lloyd's broker to enter UK market
Broker Integro today announced the acquisition of Lloyd's broker Humphreys Haggas Sutton & Co. HHS is a Lloyd's broker founded in 1994 by its three principals, Toby Humphreys, Simon Haggas and John Sutton.