News
AIG: ongoing saga
American International Group's chairman and chief executive officer Edward Liddy has revealed his in...
Berkshire Hathaway sees $1.53bn loss
Berkshire Hathaway recorded a $1.53bn loss in the first quarter of this year - a huge swing from the...
California fire may cost over $130m
The Jesusita fire that raged through Santa Barbara, California may cost more than $130m according to...
Munich Re quarters fall 45%
German reinsurance giant Munich Re recorded a fall in first quarter profits by 45% to EUR420m ($588m...
Swiss Re exceeds forecasts
Swiss Re has beaten analysts' expectations for net income in the first quarter of the year. For the...
AM Best turns gloomy on Mapfre subsidiary
A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of A+ (Superior) and issuer credit rating (ICR) of "aa-" of Mapfre Re, the reinsurance subsidiary of Spanish (re)insurance giant Mapfre (Spain)...
Tightening of the reinsurance market expected - MMC
A further tightening of the market is anticipated as the Florida property-catastrophe reinsurance renewal comes to a close at June 1, with rates expected to be slightly higher than the 13-to-14% increase experienced at April 1, a panel of experts from…
New York Insurance Dept chief to resign
Governor David A. Paterson has said that the Superintendent of the New York State Insurance Department, Eric R. Dinallo will resign his position and become the Henry Kaufman Visiting Professor of Finance at New York University's Stern School of Business.
Argo brings over senior underwriter from Markel
Argo Pro, a specialty professional underwriting division of Bermudian (re)insurer Argo Group's Excess & Surplus Lines segment, said that Mark Brown has come on board as vice president of its environmental department.
Kiln revises syndicate forecasts
Kiln has revised its forecasts for its syndicates in response to the impact of hurricane activity on the last two years of account.
IIB warns mandatory disclosure still a threat
The Institute of Insurance Brokers (IIB) has warned that brokers need to take action despite the threat of compulsory commission disclosure having receded.
New healthcare plan helps workers made redundant
Customers subject to redundancy will have access to up to six months of free healthcare cover provided by Paycare.
AIG to reduce stake in subsidiary to 19.7% after sale
AIG has announced plans to sell 26 million shares in its reinsurance subsidiary Transatlantic Holdings.
AIG to sell shareholding in Transatlantic Re
Transatlantic Re has said that AIG and its subsidiary American Home Assurance Company have decided to sell their share in the US (re)insurance giant.
Kiln seeing improved underwriting conditions
Kiln, the Lloyd's (re)insurance subsidiary of Tokio Marine, has said that it is seeing improved underwriting conditions.
Aon Benfield appoints global CFO
Aon Benfield has appointed Maggie Westdale as its global chief financial officer.
Biba 09 video interviews part two
In the second part of a series of camera interviews conducted at this year's Biba conference in Manchester, Sarah Hills - senior reporter, Post Magazine - talks to a range of industry spokespeople on the key issues and concerns faced by the insurance…
Marsh claims rates are continuing to soften
Insurance rates in the UK continued to fall, but at a slower rate, across all major lines of business in the first quarter of 2009 according to Marsh.
CII survey reveals fears over job security for staff
Fears over job security are high up the agenda among insurance professionals, according to new figur...
Allianz to develop in-house claims programme
Allianz Insurance has developed its Excellence in Claims training programme into an in-house claims ...
Security concerns over working in bed are raised
Employees that find there are not enough hours in the day are resorting to taking their laptops to b...
Pension cuts are unpopular
Scrimping on pension contributions is the most unpopular route to cutting company costs among both s...
BIBA conference 2009
In the second part of a series of camera interviews conducted at this year's Biba conference in Manc...
Pick of the week: Oval launches MGA; Kerry London sales chief joins rival...
Reporter Leigh Jackson looks at the major news stories from this week's Post: Oval launches new MGA; ...