News
Lancashire expands Octopus' reach in Gulf of Mexico
Lancashire, the Bermudian specialist insurer, is expanding its Gulf of Mexico windstorm protection f...
AIU independence moves a step closer
AIG is to accelerate steps to position its general insurance business AIU Holdings as an independent...
'Satisfactory' quarter for Munich Re
The first quarter of the year will be a 'satisfactory' one for Munich Re, said the group's chief exe...
Hero founder Cosh takes on new role
Hero founder Paul Cosh is joining accident management company ULR as commercial director with effect from 1 May.
Ren Re confirms Lloyd's syndicate
As revealed by Reinsurance, Bermudian (re)insurer Renaissance Re today said that it has received approval from Lloyd's to establish a new syndicate to be known as RenaissanceRe Syndicate 1458.
Tax changes could prompt competitive era for UK insurance market
Alistair Darling's latest plan to scrap corporation tax on dividends and other distributions received from UK companies for the Lloyd's market, will undoubtedly enhance the level of competition within the market, according to Datamonitor.
Companies need to prepare for the event of a pandemic says risk consultancy
Control Risks, the international business risk consultancy, has warned organisations to review their business continuity and pandemic preparedness plans in order to limit the impact to themselves and their workforce in the event of a pandemic.
Munich Re sells Admiral shares
Munich Re is cutting its stake in Admiral Group by almost a third in order to reduce it the concentration within its equity portfolio.
GC Fac executive moves over to Integro - sources
A Guy Carpenter executive has defected to Integro Group, Reinsurance has learned.
Lockton hires exec to run Dubai office
Lockton has said that Salah El Kadiri will join the company as executive director, wo rking in the new Dubai office.
JLT income hit by low interest rates
Jardine Lloyd Thompson has said there are "no significant" signs of hardening rates across the insurance market.
Kiln finance head takes CFO role at Tokio Marine Global
Jo Hine has been appointed chief financial officer and a board director of Tokio Marine Global.
Enoizi joins Heritage
Julian Enoizi has been appointed chief executive officer of Heritage Managing Agency after leaving CNA, as revealed by Post .
Lloyd’s buys back £102m of debt securities
Lloyd's will repurchase the local currency equivalent of £102m of its outstanding debt securities, following its invitation to holders to submit offers to sell their holdings. Lloyd's had offered to purchase up to £100m of the securities.
Charles Crawford leaves RBSI for claims firm
Charles Crawford, currently managing director of the partnership and international business at RBS Insurance will be joining the Davies Group in July as group chief executive officer.
Coface places 47 countries on negative watch
Coface has reported that the credit crisis, which entered its second phase in the fourth quarter of 2008, is worsening in all areas.
Dual Manchester office drives profits
Dual Corporate Risks has claimed that it has seen a 20% premium increase from regional brokers since the establishment of it national business unit six months ago.
Aspen net income rises 13%
Aspen Insurance Holdings has reported a rise of almost 13% to $91.4m (Q1 2008: $81.2m) in net income for the first quarter.
Brokers demanding more for HNW clients, says AIG
Brokers servicing high-net-worth customers are demanding not only a better service from insurers but also a wider range of cover according to research by AIG UK.
Max Capital: Validus lawsuit has no merit
Bermudian (re)insurer Max Capital has said that the lawsuit filed against it by island rival Validus as having "no merit".
Investment income sends Scor Q1 net income down 30%
Scor, the French reinsurance giant, said that net income for the first three months of the year dropped 30% to €93m, down from €133m.
Munich Re books in monster profit after dumping part of Admiral stake
Munich Re, the German reinsurance giant, said it will add €107m in the second quarter of the year after reducing its stake in UK motor insurer Admiral.
Everest Re Q1 net income rises on debt repurchase gains
Everest Re, the Bermudian (re)insurer, said that first quarter net income rose to $108.6m, down from $77.9m this time last year.
Forex losses help Renaissance Re to Q1 loss
Renaissance Re, the Bermudian (re)insurer, said that net income for the first quarter of the year fell to $97.3m, down from $137.2m in the same period of the year, driven down by exchange rate losses.