News
Buffett wins bet against French team
Warren Buffett and the special reinsurance team at Berkshire Hathaway are likely to be extremely relieved after the French were sent home from the World Cup due to a reinsurance contract essentially betting against the team.
AM Best affirms Brit’s A rating
Credit rating agency AM Best has affirmed Brit Insurance’s A rating and Brit Insurance Holding's ICR rating of BBB.
THB profits up in first half
THB this morning reported a 21% rise in broking profit to £3.9m on fees and commissions of £24.6m (H1 2009 £23.3m).
Aviva raids Mitsui for corporate risks leader
Aviva has named Dipak Warren as head of its new corporate risk solutions division — almost eight months after its launch.
Willis appoints group CFO
Willis has announced the appointment of Michael Neborak to the roles of executive vice president and group chief financial officer.
Hiscox withdraws from "flawed" solicitors' indemnity market
Hiscox is to withdraw from the solicitors’ professional indemnity market.
US increases terror cover take-up
US terrorism insurance take-up rates continued to climb in 2009 across all industries, according to Marsh.
Slovenian results improve slightly
Life and non-life insurers in Slovenia have reported a slight overall rise in gross written premiums.
Post in print - 24 June
Post reporter Dan Dunkley provides a 60-second run down of the major news headlines from tomorrow's issue of Post.
Slovenian results improve slightly
Life and non-life insurers in Slovenia have reported a slight overall rise in gross written premiums.
BUDGET 2010: Healix predicts IPT related PMI premium hike
Healthcare trust specialist Healix has predicted an increase in private medical insurance on the back of the 1% rise in insurance premium tax announced in yesterday’s emergency budget.
Ageas 2009 international result improves under new structure
Ageas, formerly known as Fortis, today published 2009 pro forma financial information reflecting the group’s new reporting structure.
BUDGET 2010: Medical travel specialist warns against cutting back cover
Specialist travel insurance provider Insurance With has offered advice to holidaymakers with pre-existing medical conditions on how to avoid overspending on unnecessary cover.
Canopius confirms KGM talks
Canopius, the largest privately owned Lloyd's insurer, has confirmed it is in talks to acquire up-for-sale motor underwriter KGM.
Marsh appoints new property and casualty practice leaders
As part of its drive to grow its property, business interruption and casualty risk and insurance solutions Marsh has appointed Caroline Woolley as property practice leader, and Alain Petit-Lambotte as casualty practice leader, for Europe, the Middle East…
Ageas 2009 international result improves under new structure
Ageas, formerly known as Fortis, today published 2009 pro forma financial information reflecting the group’s new reporting structure.
Quinn's business model was "deeply troubled"
A senior official at the Financial Regulator said its concerns about the insurer were not simply limited to intergroup loans and guarantees, the Irish Independent reports.
Marsh appoints new property and casualty practice leaders
As part of its drive to grow its property, business interruption and casualty risk and insurance solutions Marsh has appointed Caroline Woolley as property practice leader, and Alain Petit-Lambotte as casualty practice leader, for Europe, the Middle East…
Levene laments 2010, the year of "direct hits"
The chairman of Lloyd’s has described 2010 as the year of “direct hits”.
BUDGET 2010: Insure and Go founder criticises “punishing” IPT tax rise
Insure and Go founder Perry Wilson has criticised Chancellor George Osborne’s decision to increase insurance premium tax.
Towergate sales day
Amanda Blanc, Towergate deputy chief executive, said its first annual sales day, held on 17 June, generated "tens of thousands of new leads".
Brokers Link chief exec
Insurance intermediary network Brokers Link has named Leonard Battifarano as its new chief executive.
Ex-Layton duo return
Layton Blackham founder Chris Blackham and former managing director Geoff Bradford are offering investment to general insurance brokers and managing general agents as part of a new venture.
Co-op hands keys to Nash
The Co-operative Financial Services is to hand over its motorcycle insurance book to Carole Nash next month. Equity Red Star is set to benefit from the deal after being appointed by the latter, a long-term broker partner, to underwrite the 5000 policies.