News
Ex-Liberty Mutual CFO joins White Oak Underwriting
Lloyd's-based White Oak Underwriting Agency has appointed Graham Ward as finance director.
Towers Watson opens German branch
Towers Watson (Re)Insurance Brokers has continued its expansion in continental Europe with the creation of an operation in Germany.
Europa to delist following acquisition
Talanx International AG and Japanese insurer Meiji Yasuda Life Insurance Company have successfully closed their joint acquisition of the Polish Europa Insurance Group.
Marsh recruits new CEO from sister company
The board of Marsh today announced the appointment of Mark Weil as CEO in succession to Martin South, who was appointed CEO of Marsh Europe in January.
Weil grabs Marsh CEO role
Mark Weil has been announced as Martin South's successor as chief executive of Marsh's UK and Ireland operations.
Willis restructure aims to integrate "siloed and independent businesses"
Willis Global, the reinsurance, specialties and wholesale arm of Willis Group, will implement a series of "client-centric" structural changes aimed at growing the premiums placed annually through its three core segments.
Zurich's GI chief leaves for top role at Generali
Mario Greco, Zurich's general insurance chief executive, has resigned from the post to return to Italy as CEO of Generali Group.
Scor and key subsidiaries upgraded to A+
French reinsurer Scor has had its insurer financial strength rating upgraded from A to A+ by Standard and Poor's along with core subsidiaries.
Giles poaches Brightside's COO
Giles Insurance has appointed Simon Pearce as its new chief operating officer.
Fondiaria's conditions threaten Unipol merger
Italian insurer Unipol wants to proceed with its planned merger with Fondiaria-SAI but will not accept certain conditions proposed by its troubled peer, according to Reuters.
Generali's Perissinotto ousted as CEO
Giovanni Perissinotto has been removed as chief executive of Italy-based insurer Assicurazioni Generali.
RK Harrison buys up Marsh businesses
RK Harrison has acquired four businesses from Marsh UK-owned Gibbs Hartley Cooper.
Chartis name change rumours resurface
AIG chief executive Robert Benmosche has indicated that Chartis may be renamed with the AIG brand, according to Bloomberg.
Revenue rises 50% for newly listed Allanfield
Real estate broker Allanfield has reported a 50.7% rise in revenue to £2.28m (2010: £1.51m) in its first set of results since listing on the Alternative Investment Market in August.
Indian regulator outlines plans to speed up health insurance claims and increase age limits
The Insurance Regulatory and Development Authority in India has put forward a proposal to make it mandatory for health insurers to offer cover to people up to 65 years and settle all claims within a month.
S&P upgrades Scor to A+
Standard & Poor's has upgraded the insurance financial strength ratings and long-term counterparty credit of Scor SE and various guaranteed subsidiaries from A to A+.
Bangladesh reinsurer SBC inroduces liability cap
Sadharan Bima Corporation, Bangladesh's only state-owned reinsurer, has put a cap on its liabilities following a host of recent disaster losses.
Olympics cancellation could cost $5bn, says Munich Re
Munich Re has warned that cancelling the London 2012 Olympics in the event of a terrorist strike or natural disaster would cost the insurance industry as much as $5bn (£3bn), according to The Telegraph.
Zurich's general insurance CEO set to leave
Mario Greco has decided to return to Italy to assume the role of Generali Group CEO.
RFIB transfers Australian energy business to Tolehouse Risk Services
RFIB and Tolehouse Risk Services have announced the transfer of ownership of RFIB Energy Australia to Tolehouse effective 30 June 2012.
Brit boss Cooter 'continues to assist' in QBE integration
Former Brit director of market management and regional operations Simon Cooter may yet have a part to play following the QBE UK and Ireland regional restructure.
QBE identifies regional leaders in UK and Ireland restructure
QBE has unveiled a string of managerial appointments as part of a UK and Ireland restructuring process following the acquisition of Brit's regional operations.
XL launches five-strong product suite
The XL Group has today launched a suite of five products designed partly to respond directly to clients' concerns about clarity and certainty in the claims notification process.
Rossiya on negative watch following licence suspension
OJSC Rossiya Insurance Company has had its B- insurer financial strength rating placed on negative watch by Fitch.