News
AIG unit CEO to retire
AIG's aeroplane leasing unit International Lease Finance Corporation (ILFC) said that its CEO Steven F. Udvar-Hazy will retire as director and chief executive officer is to retire.
Berkshire Hathaway loses 'AAA' rating
Berkshire Hathaway, Warren Buffett's giant investment vehicle, has had its 'AAA' rating removed by Standard & Poors.
Scottish Lion appeal bid allowed
The Lords of the Scottish Appeal Court has allowed the appeal by Scottish Lion Insurance against the judgment of Lord Glennie on whether it would ever be fair for a court to sanction a solvent scheme in the face of creditor opposition.
Kindertons chooses Vizion for the repair of Prestige vehicles
Kindertons accident management, based in Crewe, has chosen prestige vehicle body repair network, Vizion, to repair its growing account of prestige, upper prestige and executive sports vehicles.
Entries for the British Insurance Awards 2010 now open
The British Insurance Awards 2010 are now officially open for entries. These prestigous awards, for the entire UK general insurance industry, will be presented at the Royal Albert Hall on the evening of the 7 July.
Insure with ease names online marketing manager
Travel insurer Insure with ease has appointed Sarah Taylor as its onlne marketing manager
Cega develops new one stop global risk service
Cega has designed a new solution for corporate insurers and brokers, whose clients have an international footprint.
Russia may support new round of sanctions on Iran
UN sanctions, including insurance and reinsurance sanctions, have come one step closer to agreement following Iran’s latest rocket test.
Torus names power and utilities underwriter
Property and casualty insurer Torus has appointed Louis Scott as an underwriter in its power and utilities team.
Oxygen adds new business executive to Leeds office
Oxygen Insurance Brokers has appointed Julie Donkin as new business executive
Aviva improves quarterly life and pensions sales
Insurer Aviva has announced life and pension sales of almost £8bn for the fourth quarter 2009 – a 21% increase on the figures for Q3 2009.
Aviva improves quarterly life and pensions sales
Insurer Aviva has announced life and pension sales of almost £8bn for the fourth quarter 2009 – a 21% increase on the figures for Q3 2009.
Groupama to offer flexible commission on commercial SME business
Groupama is offering a variable commission option to its brokers across the whole of its commercial product range.
Ex-Heath Lambert boss takes up Bluefin role
Former Heath Lambert managing director Mike Bruce has been appointed as chief development office of Bluefin.
White Mountains reports earnings jump
White Mountains Insurance Group, the Bermudian (re)insurer, reported fourth quarter net income of $100m, up from a net loss of $213m at the same time in 2008.
Experian reveals UK hotspots for man-made perils
Global information services company Experian has revealed Liverpool as the prime location for malicious household and vehicle damage.
Markel reports rise in income for 2009
Property and casualty insurer Markel Corporation has announced a comprehensive income of $591m (£372m) for 2009 up on the $403m comprehensive loss reported for 2008.
Willis cut 450 positions in 2009
Willis cut 450 positions in 2009, the company's 2009 results revealed.
Mapfre's earnings fall in 2009
Mapfre, the European (re)insurer, said that earnings for the year fell in 2009.
Mapfre's earnings fall in 2009
Mapfre, the European (re)insurer, said that earnings for the year fell in 2009.
Ascot enters commercial motor
The account will be serviced by Direct Commercial and underwritten by Phil Cunningham, managing director of Direct Commercial.
Willis sees revenue and income rise in 2009
CEO Joe Plumeri hails last year as "momentous" as it records revenue of $3.3bn.
QBE's Stout leaves syndicate
Andrew Stout, QBE's portfolio manager for international property, has left the company, market sources told Reinsurance.
Zurich sees GI COR improve to 96.8% as GWP drops 4%
Zurich this morning said its 2009 general Insurance business operating profit was US$3.5bn, down 2% in USD but up 1% in local currencies.