News
Reinsurance Claims & Run-off Seminar – update
The live Claims & Run-off Seminar is taking place on 9 December 2009 at The London Capital Club, now also featuring a free lunch sponsored by Mound Cotton Wollan & Greengrass. Sign-up for free online now.
Travel insurer reports 87% revenue hike
Turbulence in air travel industry has boosted Voyager's profits
XL Insurance expands Spain and Benelux offering
XL Insurance expands construction coverage
RSA and WWF form new alliance
RSA pushes environmental responsibility further up the agenda
Randall & Quilter makes acquisition
Run-off specialist acquires 70% of US company.
Torus Re appoints senior casualty reinsurance underwriter
David Whiting joins Torus' reinsurance company
APC launches into SME D&O market
Coleman joins from Lloyd's to help build book.
Marine specialist Galatea rebrands as Travelers
The marine specialist was acquired by Travelers in 2007.
Treasury concerned by "over-hasty" pace of financial regulation
Committee chairman John McFall describes EC plan as "recipe for a muddle".
Moneysupermarket insurance figures up on 2008
Price comparrison giant also ready to launch new motor insurance site.
Helphire encouraged by cash collection
Group MD Martin Ward claims it is also seeing "significant" new business opportunities.
Amlin sees 52% uplift in GWP in first nine months
CEO Charles Philipps called third quarter performance "outstanding".
Scor and Allianz close World Trade Centre dispute
The dispute between two insurance giants over WTC payments is over, Scor says.
MMC in $400m settlement
MMC reaches settlement for securities class action lawsuit
Broker Expo video views
Insurance Age's Louise Meeson and Liz McMahon report from this week's Broker Expo in Coventry.
Ace Tempest Re appoints structured reinsurance specialist
Ace Tempest Re Europe has announced the appointment of ex-Aspen senior underwriter David Mann in the newly created role of senior underwriter for structured risks.
Spain fines (re)insurers for price-fixing
Spanish regulators have fined six European (re)insurance companies a total of €120.7m ($180m) for fixing prices on building-defect coverage during the Spanish housing boom.
IAG attracts new CFO from Highway
Former Equity finance director Andrew Gibson joins insurer
Inflation may pose ‘real problem’ for reinsurers – Swiss Re
Swiss Re exec claims reinsurers will face higher claims costs in the next few years if “rampant” inflation erodes reserves and rates for coverage fail to keep pace.
Allied World open Singapore office
Allied World has opened a branch office in Singapore in order to further expand its operations in Asia, and has appointed Bruce Ford as its principal officer and head of treaty Asia Pacific, Middle East and Africa.
Buffett calls end of financial turmoil
Berkshire Hathaway’s Warren Buffett has declared an end to the global financial crisis, although leading economies continue to struggle.
AIG property-casualty arm will lose sales rather than cut rates
Chartis, the UK arm of AIG, claims it will lose sales rather than cut rates to unprofitable levels, contrary to claims by rivals that it’s under-pricing insurance
Paris Re falls to third quarter loss
Switzerland-domiciled (re)insurer's third quarter stumbles to three-month loss
LIU expands red24 contract
Liberty Mutual says that it will expand its contract with red24 to add kidnap and ransom to list.