News
Rate rises scuppered by competition
Aon predicts "slower than predicted" increases in 2010
Lloyd’s report says microinsurance provides opportunities for all
Insurance for low income individuals can play an important role in helping communities in developing countries mitigate and adapt to climate change, and to provide the security needed to develop long term sustainability projects, according to Lloyd’s.
Ace: Recession creating supply chain risk
Insurer calls on businesses to mitigate exposure
Brit director joins Markel
Hugh Maltby appointed operations director
Helphire and Hastings join forces
Credit hire firm to provide motor customers with replacement vehicles
Zurich appoints private clients head
Matthew Schofield joins private clients, broker division
FHA may collapse as US struggles with recession
The Federal Housing Administration may collapse and thousands of regional banks may go under as the US continues to struggle with recession, sources attending a US conference have told Reinsurance.
Transatlantic Re raising capital
US reinsurer to raise $350m in bond offering
Manulife to raise $2.7bn to fund takeovers
Manulife, the US’s largest insurer by market value, plans to sell as much as $2.7bn in stock to build up capital and finance possible takeovers.
Woolf issues contingency fees warning
Move to US-style fee structure could "destroy professional standards"
UK takaful insurer into run-off reveals Post
The self-proclaimed first Shariah-compliant general insurer in the UK, Salaam Halal Insurance, has gone into solvent run-off, Post Magazine revealed exclusively this week.
Willis in private equity broker deal
Astorg Partners involved in $1bn French broker agremenet.
Marsh aviation boss comes out of retirement to lead insurer push
Ironshore agrees deal with Starr to enter market.
Chaucer ahead of schedule
CEO Ewen Gilmour also encouraged by prospects for 2010.