News
Helphire to raise capital
Helphire has proposed to strengthen its balance sheet by raising £50m equity finance.
Esure creates 500 jobs in Glasgow
Esure is to expand its Glasgow operations by creating 500 jobs within five years.
IAG in A$450m capital raising
Insurance Australia Group (IAG), said that it has raised A$450m from institutional investors in an effort to give it capital room.
Berkshire Hathaway disclosed stock portfolio value falls nearly 26%
Berkshire Hathaway, the owner of US reinsurance giant General Re and US motor insurer Geico has reported that the dollar value of its disclosed assets has falled nearly 26%.
Prudential one potential bidder looking at AIG's Phillipines life insurance assets - reports
UK insurer Prudential has teamed up with the Bank of Phillipines Islands in an attempt to buy AIG's Phillipine life insurance business, Reuters has said.
(Re)insurance industry should be able to survive financial crisis says Scor CEO
Insurers and reinsurers alike should be able to survive the current financial crisis, Scor chief executive Dennis Kessler has said in an interview.
Atrium promotes senior underwriter to run Singapore office
Atrium Underwriting said it has opened an office in Singapore to develop regional business on behalf of Atrium Syndicate 609. Atrium Singapore is being established using the Lloyd's Asia platform and will write a portfolio of marine and energy, aviation…
IPC Holdings FY net income drops 76%
IPC Holdings, the Bermudian holding company for reinsurer IPC Re, said that full-year net income dropped 76%, hampered - like its rivals- on investment income losses.
Arch's FY net income more than halves
Arch Capital, the Bermudian (re)insurer, reported a fourth quarter net loss of $142.9m, down from a net gain of $234m in the same period of 2007. Arch's full-year net income result more than halved to $265.1m, down from $832m the year before.
US firm looks to set up de facto pricing model for property claims
An American software firm is poised to roll out its products across the UK with the aim of becoming the de facto source for pricing information for property claims expenditure, whether it is labour, materials or plant hire.
JLT warns of tighter D&O underwriting
Jardine Lloyd Thompson has warned companies should expect a much more intrusive underwriting process when it comes to renewing directors' and officers' liability insurance and should prepare with the right approach.
Montpelier Re Q4, FY results hammered by investment losses
Montpelier Re, the Bermudian (re)insurer, stumbled to a comprehensive loss in the fourth quarter of 2008 and for the full year after sustained heavy investment and catastrophe losses.
Atrium opens Asia office
Atrium Underwriting Group has opened a Singapore office to develop regional business on behalf of Atrium Syndicate 609.
L&G award for Rainbow
Repair and restoration company Rainbow International has scooped a runners-up accolade at the Legal ...
Lloyd's marks 20th year of community scheme
Twenty years after it was launched by the Prince of Wales, the Lloyd's Community Programme is celebr...
Charitable Open GI staff praised for record-breaking donation to hospice
Charitable staff at Open GI have been jumping out of planes, raffling and baking cakes to raise mone...
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Ironshore Environmental unit in reinsurance agreement with Berkshire Hathaway
Ironshore Environmental, a newly formed division of Bermudian insurer Ironshore, said it has placed its reinsurance treaty and that separately it had entered into an arrangement with a member of the Berkshire Hathaway group of insurance companies for…
Unbiased.co.uk says consumers less comfortable buying without advice
Over a third of consumers say they would now feel less comfortable choosing a financial product without expert advice than 12 months ago, according to new research from Unbiased.co.uk,
Pick of the week
Post reporter Sarah Hills rounds up the top stories from the general insurance sector. This week: The...
SME roll out begins with motor launch
NIG has set its sights on growing its share of the medium-sized motor trade market following the lau...
Appointment at Hyperion Insurance
Hyperion Insurance Group has appointed John van Kuffeler as non-executive chairman. He brings 40 yea...
Aggregators await decision
Aggregators must decide "which side of the grey line they are on" if they are to avoid paying VAT fo...
Appointment at AMII
The Association of Medical Insurance Intermediaries has appointed Michael Payne as its first general...