News
Marsh wins major sports body tender
Marsh has been appointed by UKA, the national governing Body for athletics in the UK, to manage the organisation's insurance and risk programmes, effective from 1 April 2009. Marsh will undertake an extensive review of the organisation's key risks and…
Max Capital CEO insists Max-IPC deal is better for shareholders
(BESTWIRE) - Not only has Max Capital Group Ltd. made the sweetest offer to buy IPC Holdings Ltd., according to Max Capital's top officer, but under the terms of their merger agreement, IPC isn't allowed to even speak to any would-be suitors - including…
Insurance group seeks delisting
Culver Holdings sahre price fell 42.57% (74.50 pence) to 100.50 pence this morning on news it was looking to cancel its listing on the London Stock Exchange.
European Parliament gives industry boost with discrimination directive
The European Parliament's report on the Equal Treatment Directive published yesterday has been described as "a major step" towards ensuring that UK insurers remain able to use age in assessing risk. The report sets out that the use of age and disability…
Fortis releases UK results
Fortis has reported £2.8m in new premiums for the first year of its life business.
Animal Act consultation could stall premium increases
A proposed change to the law on the liability of owners for damage caused by their animals may halt the rise in public liability insurance premiums.
AIG: A personal view from the inside
Reinsurance reporter Alexander Ferguson talked to a senior executive at AIG, who declined to be named, to get their personal view of what life has really been like in the eye of the storm.
Layton Blackham rebrands
Commercial broker network Layton Blackham Business Solutions is rebranding under the Bluefin brand as Broker Partnership Services on 6 April.
Norwich Union Life cuts 1100 jobs
Norwich Union Life has confirmed that 1100 roles will be made redundant in the UK by the end of 2009. A further 590 contract positions will leave "over the next few months". Chief executive of Norwich Union Life Mark Hodges said: "Making decisions that…
Insurers warned of paying out twice for property damage
Insurers may have to pay out twice for the repair of property damage if the policyholder absconds with the money, city law firm Reynolds Porter Chamberlain has claimed.
Airmic still not satisfied with market solution
The Association of Insurance and Risk Managers (Airmic) has given a cautious welcome to the British Insurance Brokers' Association's (Biba) guidance on transparency, disclosure and conflicts of interest in the commercial insurance market.
Allstate head paid over $8m in 2008
Thomas Wilson, the chairman and chief executive of US insurance giant Allstate, was paid over $1m in salary in 2008, a filing to the Securities & Exchange Commission has revealed.
QBE in SME product push
QBE Insurance is launching a range of electronically traded products targeting the SME market.
North Sea helicopter crash insurance led by Allianz - sources
Allianz was the lead insurer of the helicopter that crashed in the North Sea on Wednesday, Reinsurance has learned.
Ecclesiastical buys stake in broker
Ecclesiastical has acquired a minority shareholding in specialist insurance broker Lycetts that is focused on the farms, estates, historic houses, fine art and bloodstock markets.
Aspen unit upgraded by AM Best
Aspen Specialty (ASIC), a wholly-owned unit of Bermudian (re)insurer Aspen, has had its financial strength and issuer credit ratings upgraded by AM Best.
AIG should be forced into renegotiating contracts - reports
(BESTWIRE) - The U.S. Treasury should make the $30bn in promised future aid to American International Group Inc. contingent on renegotiating contracts with its executives, employees and financial counterparties, a new report by the U.S. Government…
CIS profits slump to £8.4m
Co-operative Insurance Services' profits have dropped to £8.4m for 2008, compared to £67.1m the previous year.
Swiss Re to cut 11 560 headcount by 10%
Swiss Re intends to reduce its current global headcount of 11 560 by approximately 10% over the next twelve months. This is part of the previously announced plan to introduce cost reductions of CHF 400m by the end of 2010.
A day in the life - Engineer surveyor
Jane Bernstein follows engineer surveyor Steve Cahill for the day to find out what has kept him enthused for 20 years
Pick of the week
Post senior reporter Sarah Hills looks at the major stories in this week's Post: Zurich Euro chief s...
Antur secures Arista exclusive on motor
Welsh broker Antur Insurance has secured an exclusive policy wording and premium deal with commercia...
Appointment at Aspen
Aspen Insurance has appointed Rupert Villers as head of its newly combined financial and professio...
Appointment at RSA
RSA has appointed Tim McGain as its new Risk Solutions UK property director with effect from 1 Apr...