News
Fitch remains supportive of Bermudian reinsurers just before results season
Ratings agency Fitch remaind supportive of Bermudian (re)insurers before the insurance results season starts in February.
Zurich raids Allianz for marine underwriters
Zurich has appointed Rod O’Malley and John Gibson from Allianz as senior market underwriters in its marine cargo team.
Analysts estimate Allianz, Fortis, and Munich Re have large exposures to Greece
Analysts at JP Morgan estimate that Allianz Fortis and Munich Re have a large amount of bond exposure to Greece.
Analysts estimate Allianz, Fortis, and Munich Re have large exposures to Greece
Analysts at JP Morgan estimate that Allianz Fortis and Munich Re have a large amount of bond exposure to Greece.
Scottish Lion ruling overturned
PwC partner Dan Schwarzmann "delighted" by outcome as the Scottish Lion ruling is overturned.
Chubb makes healthy profits for fourth quarter and 2009
Chubb reported net income increases in the fourth quarter and year in general.
FSA to publish insurer complaint figures in August
The Financial Services Authority has today confirmed that it will require firms to publish information on how they handle complaints, to help people see how firms are performing in this important area and to drive up complaints handling standards across…
FSCS appoints new chief executive
The Financial Services Compensation Scheme has appointed Mark Neale as its new chief executive
CEO Rolfe quits UK General
UK General Insurance CEO Tim Rolfe will be leaving the group for family reasons at the end of March 2010, it was announced today. Chairman Howard Posner will act as leader of the business until a successor is found.
Omega to hold special general meeting in March
Omega Insurance is to hold a special general meeting to consider "resolutions" for the Invesco proposed directors as additional directors of the company.
Broker Central Insurance pulls into Glasgow central
Central Insurance Services has consolidated its position as Scotland’s largest independent insurance broker with the opening of a new office in Glasgow.
Gen Re health business opens in Japan
Gen Re—one of Berkshire Hathaway's reinsurance arms—is opening a branch office for its life and health reinsurance business in Tokyo.
Zurich gains senior AIG underwriter
Greg Cropp, energy excess casualty writer at AIG, has moved to Zurich North America, where he will be the vice president of energy excess casualty.
Swiss Re fined by Swiss stock exchange
The Sanction Commission of the SIX Swiss Exchange has imposed a CHF 50,000 fine on Swiss Re.
Insurers support banks against tougher regulation at Davos
Lloyd's, Zurich and Swiss Re have leant their support to bankers attempting to fend of reforms of the financial services industry at the World Economic Forum in Davos.
Overture sets up new life reinsurer
Overture Acquisition has applied to set up Overture Re in Bermuda.
Axa looks to RBSI for new travel boss
David Vincent is to become head of travel underwriting at Axa Insurance's personal lines intermediated business.
New senior manager appointed at BGL
Nik Hobson has been appointed as senior manager for panel development. Mr Hobson’s appointment brings the panel development team up to 17, compared to seven employees 18 months ago.
Biba responds to new government signposting proposals
The British Insurance Brokers’ Association has welcomed the new policy statement from the Government’s equality office.
Buffett may boost his stake in Germany's Munich Re to over 5%
Warren Buffett owns the rights to Munich Re shares that would bring his stake in the reinsurer to over 5%, according to newswire Bloomberg.
Buffett may boost his stake in Germany's Munich Re to over 5%
Warren Buffett owns the rights to Munich Re shares that would bring his stake in the reinsurer to over 5%, according to newswire Bloomberg.
Aegon and Sony Life form new Bermudian reinsurer
Sony Life Insurance has announced that that it has formed a reinsurance joint venture with Dutch insurer Aegon in Bermuda.
Financial Services Authority issues Walker Review consultation paper
The FSA has issued a consultation paper on effective governance standards within firms which aims to implement a number of recommendations in the Walker Review.
RSA extends Nationwide and DWS motor partnerships
RSA has extended its motor repair services contracts with Nationwide Crash Repair Centres and DWS Bodyworks.