News
Everest Re reports nearly $700m of investment losses
Everest Re stumbled to a loss in 2008 after nearly $700m of investment losses pounded its bottom line.
Ren Re FY net income slides
RenaissanceRe, the Bermudian (re)insurer said that net income for the year slid to $29m from $612m in 2007, due to heavy investment and catastrophe losses.
Alec Finch steps down two years after Verlingue deal
The founder of Manchester broker Alec Finch has stepped down from the business two years after it was acquired by French broker Verlingue.
Arista grows in the South West
Underwriter Arista has increased its underwriting resource in Bristol with the appointment of Nigel Johnstone and Rosie Sadler to cater for the growing demand from its South West based brokers.
Oval develops FS facility
Oval has launched a new strategy to strengthen the broker's financial services provision by introducing a new service for clients that splits the advice process from investment and reduce risk to client's capital in 2009.
Brit creates new position in investments and treasury
Brit Insurance Holdings has appointed Sean McGeary to the newly-created role of director of investments and treasury. Reporting to Brit Insurance group finance director Matthew Scales, he takes up his new position immediately.
Broker body employs first general secretary
The Association of Medical Insurance Intermediaries has appointed Michael Payne as its first general secretary charged with helping the body manage the increasing number of projects in progress and in the pipeline, discharge the duties delegated to him…
Catlin FY profits drop over $500m
Catlin reported a full-year drop in profit $500m, after investment and catastrophe losses hammered profits at the Lloyd's (re)insurer.
Willis refinances loan deal; suspends future forecasts
Willis said that it has refinanced its current loan and has suspended its future forecasts.
Catlin in $200m rights issue
Catlin, the Lloyd's reinsurer, said that it is looking to raise $200m in a fully underwritten rights issue in an effort to take advantage of the hardening reinsurance market.
Swiss Re CEO Aigrain out
Swiss Re has replaced its chief executive Jacques Aigrain amid heavy investment losses and a dwindling share price.
Elmfield's CII accreditation opens apprenticeship doors
Training provider Elmfield has been accredited by the Chartered Insurance Institute, enabling it to ...
Time to test yourself
A selection of topical questions from the question banks of ed.learn - the CII's online training resource
Axa PPP environmental scheme receives BSI stamp of approval
Axa PPP healthcare's efforts to minimise its impact on the environment have been recognised with a s...
ABI says time is right to consider a single European regulator
A lack of trust between national regulators means European authorities should start considering a single European prudential superviser, the ABI has said.
Towergate opens office
Towergate Risk Solutions has expanded its northern presence by the opening a new office in Mancheste...
FSCS deals with record number of claims
The director of claims at the Financial Services Compensation Scheme spoke about the challenges in h...
Solicitors ditched as NU takes axe to legal panel
Norwich Union's legal panel has been carved up and consolidated as part of a wider supply chain revi...
Fraud threat higher than in last recession, says EMB
Claims fraud is the biggest threat that insurers face during the current recession, according to Jul...
Penny Black's insurance week
Although not Penny's cup of tea musically, she must admit that the Iggy Pop fronted Swiftcover adve...
Appointment at Travelers
Travelers Insurance Company has named Paul Cusition as chief underwriting officer for its internat...
Ex-HCC boss in start-up talk
Charles Manchester has outlined his intention to return to the market with his own venture after ste...
Government slammed for ELD insurance opt out
Companies will face the prospect of much wider liabilities in less than a month's time when the Env...
What the media said this week
BBC Online Insurance companies have been told any cuts to the value of with-profits funds must ...