News
Aviva shares in freefall after monster loss
Aviva shares lost more than a quarter of their value in the first three hours of trading on the London Stock Exchange after the insurer reported a net loss for 2008 of £885m.
Fortis appoints non-executive directors
Fortis has appointed Julian Hance and Mike Urmston as independent non-executive directors.
Ironshore Bermuda appoints new boss
Ironshore Bermuda has appointed Mitch Blaser as its new chief executive officer.
Junction hires new relationship managers
Affinity specialist Junction has appointed four new relationship managers.
Hartford in talks to sell life insurance business - report
The Hartford, the embattled US insurer, is in talks to sell its life insurance business, the Wall Street Journal has reported.
Giles strengthens board
Giles Insurance Brokers has appointed four new board members. Howard Pearson, retail managing director, and Mark Addis, wholesaling managing director, join the board subject to regulatory approval.
Aviva reports 4% rise in pre-tax profit
Aviva has reported that pre-tax operating profits rose to £2.97bn in 2008 compared to the previous year (2007: £2.216bn). However, it reported a net loss of £885m (2007: £1.498bn profit).
Former senior Gen Re exec given jail sentence
(BestWire) - The third of five former insurance executives found guilty about a year ago of securities fraud in connection with a sham reinsurance deal has been sentenced to serve time in federal prison.
XL Re appoints senior aviation underwriter
XL Re, the global reinsurance operations of XL Capital Ltd (NYSE: XL), today announced the appointment of Patrick Cove as senior aviation underwriter responsible for XL Re Europe Limited's global aviation practice.
Brazilian regulator cuts 2009 premium growth forecast
Brazilian regulator Susep has cut its 2009 premium forecast to 4.8%, according to the most recent quarterly report on the industry, BNAmericas has reported .
Ironshore Bermuda appoints new CEO
Bermudian insurer Ironshore has appointed Mitch Blaser as chief executive of Ironshore Bermuda. Mitch has been with Ironshore since the company's launch in January 2007.
Religion in the workplace
Religious belief in the workplace is a significant issue and one that is coming to much greater prom...
Expensive team movement will continue despite industry worry
Moving whole teams from company to company is a costly business that can rack up bills of more than ...
Recession to improve quality of insurance industry entrants
Standards are set to improve across the insurance industry as a higher calibre of candidates apply f...
Insurance lift for site
Money Supermarket's insurance revenue increased by 38% to £77.7m in 2008 compared to £56.4m the prev...
Appointment at Liberty International
Underwriters Julie Ross and Natalie Lilley have joined Liberty International Underwriters Europe...
Appointment at XL Insurance
XL Insurance has appointed Elliot Lyes as offshore energy underwriter with global responsibility f...
BGL in acquisition push
The BGL Group has appointed a director to focus on potential market acquisitions. David Lundholm, wh...
Major insurers back MP's care cost review
Conservative MP Edward Garnier is planning to submit an early-day motion proposing a review of the p...
Hardy to double GWP after capital raising
Lloyd's insurer Hardy plans to more than double the size of its business by 2012 after raising £40.3...
Ecclesiastical hire Harker
Jonathan Harker has been appointed as regional director for Ecclesiatical's southern region. Mr Hark...
Hero boss bows out after sale to Capita
Hero Insurance Service's boss is set to leave the business following the £15m sale of the LV-owned b...
Australian dollar boosts QBE operations
QBE's European operations were impacted by the stronger Australian dollar against sterling as gross ...
RBSI boss warns brokers over aggregator reliance
The chief executive of Royal Bank of Scotland Insurance has warned large personal lines brokers thei...