News
Guardian Holdings names interim boss
Peter Austin is stepping down from his position as chief executive of Guardian Holdings Insurance Services on 31 March.
Novae grabs underwriter from Marketform
Novae Insurance, the insurance arm of Lloyd's insurer Novae, has appointed experienced medical malpractice underwriter, Mike McGill, to its growing team.
Group Re understood to be behind Advent quota share deal
Group Re is understood to be the "A-rated reinsurance subsidiary of Fairfax Financial Holdings" behind the recently-announced Advent quota share deal, Reinsurance understands.
Advent Syndicate agrees quota share arrangement
Following the major fluctuation in US Dollar exchange rate, Advent has completed its review of the 2009 plans of Syndicate 780 and has received approval from Lloyd's for the revised arrangements.
PricewaterhouseCoopers welcomes Solvency ll compromise
PricewaterhouseCoopers welcomes the compromise reached on the Level 1 Framework Directive for implementation of Solvency II by the European Commission and believes this makes approval more certain before the summer.
ABI responds to Solvency II Directive
The Association of British Insurers (ABI) has issued a statement in response to the he Solvency II Directive, which has set a new framework of regulatory requirements for insurers across Europe and has been agreed in Brussels. The directive will adopt…
ABI disappointment at missed Solvency II opportunity
The Association of British Insuers has admitted disappointment at today's Solvency II directive agreement.
Teceris boss Steel replaced by loss adjusting outsider
The managing director of Capita's loss adjusting arm Teceris is to leave the business, Post has learnt.
MMA extends itself into the regions
Broker insurer MMA Insurance is finalising its first national road shows for brokers, beginning in North east England this May.
Solvency 2 framework agreed on
The CEA, the European insurance and reinsurance federation, today welcomed the news that informal but unanimous agreement has been reached at political level in Europe on the text of the proposed Solvency 2 Framework Directive after prolonged…
Bolt replacement at Marlborough named
Flagstone has said Dominic Kirby will replace Tom Bolt as managing director of Marlborough Underwriting Agency.
Bolt replacement at Marlborough named
Bermudian (re)insurer Flagstone has said that Dominic Kirby will replace Tom Bolt as Managing Director of Marlborough Underwriting Agency Limited.
Plantec takes on new office in expansion drive
Claims management specialist Plantec Holdings leased a new office premises nearby to its Southport head quarters to house its accident investigation arm First Legal Support.
AIG boss speaks of bad blood and betrayal as he resigns
Jake DeSantis, an executive vice president of AIG's beleaguered financial products unit, has spoken about being betrayed by the American insurance giant and its management.
Bolt to replace Rolfe Tolle at Lloyd's
Lloyd's has announced that Tom Bolt will take over from Rolf Tolle as underwriting performance director.
Lloyd's appoints new franchise performance director
Lloyd's has appointed Tom Bolt as its new underwriting performance director.
XL Insurance appoints new global programs head
XL Insurance, the global insurance operations of Bermudian (re)insurer XL Capital said it has appointed Tony Cabot as director of global programs.
Weakening yen sends Japanese renewal rates up 7-10% - sources
Reinsurance renewal prices in the all-important 1st April renewal season in Japan are seen to be up 7-10%, market sources have told Reinsurance.
Mondial secures deal with luxury tour operator
Mondial Assistance in the UK has been chosen to provide a bespoke travel and assistance package to Travel Counsellors.
AIG Financial Products senior exec resigns
(BESTWIRE) - A senior executive at American International Group's Financial Products division issued a public resignation in which he said that he and other employees have been "betrayed by AIG and are being unfairly persecuted by elected officials."
Allied World starts Hong Kong office with raft of AIG hires
Allied World, the Bermudian (re)insurer, has opened a brnach office in Hong Kong.
Zenith Insurance appoint new CEO
Zenith Insurance has appointed Peter Austin as its new chief executive replacing interim boss Derek Wiley.
Aon aviation duo move to rival
Colemont Insurance Brokers has appointed Phil Stafford as director and David Wilkie as associate director of the company's London-based aviation division. Both move from Aon.
CII admits "caution" in 2009 after 7% jump in revenue
The Chartered Insurance Institute has reported a 7% growth in revenue to £30.3m (2007: £28.4m) and a 2% rise in membership to over 93 000 members in 2008. Operating surplus was £0.8m (2007: £0.6m) and the net surplus, after investment returns and…