News
Axis Capital grabs senior Chubb exec to lead new division
AXIS Capital, the Bermudian (re)insurer, said that it is to form an accident & health division. Christopher DiSipio, will lead the division.
Jelf's margin hit by wealth management arm loss
Jelf has reported revenue increased by 59% to £63.1m (2007: £39.7m) for the year ended 30 September, driven principally by strategic acquisitions.
Hardy says FY results will beat expectations; lowers Ike estimates
Hardy, the Lloyd's (re)insurer domiciled in Bermuda, managed to stand out from a number of its peers when it lowered its estimates from Hurricane Ike to $17.6m from $23m.
MMC makes Colombian purchase
Marsh & McLennan said it has purchased the remaining 49% stake in Colombian (re)insurance broker Companias DeLima from the company's minority partners.
Willis launches new portfolio management tool
Willis Re, the U.S. reinsurance arm of broker Willis said it has launched Willis conNext – a web-based portfolio management and risk analysis platform that empowers analysts, risk managers and corporate executives to quantify exposure, evaluate…
And it snows and it snows
As the UK is hit by the worst snow storms for a decade, Post looks outside its own office to see the impact on central London. Watch it now - and apologies for the shaky picture - well it is cold out there. Safe journeys to all our users.
And it snows and it snows
As the UK is hit by the worst snow falls for over a decade, Post looks outside its office to see the impact in Central London. Watch it now - and apologies for the shaky picture - it is cold out there.
Mitsui opens in Qatar
Mitsui Sumitomo Insurance Company (Europe) has officialy opened an office in Qatar today, and claims to be the first Japanese insurance company to do so.
Ecomony to take a £1.2bn hit as millions stay at home due to snow
Millions of workers have stayed at home following heavy snowfall across large parts of England.
Brit boosts accident team
Brit Insurance Holdings has appointed former Aon Benfied director Andrew Bowers to its personal accident team
ABI issues snow advice
The Association of British Insurers has issued advice following widespread travel disruption and potential damage caused by today's heavy snowfall.
JLT grabs senior exec from Aon to lead new practice
Jardine Lloyd Thompson Limited (JLT) is to start up a transport, engineering and utilities practice.
Jardine Lloyd Thompson launches specialist practice group
Jardine Lloyd Thompson (JLT) has built on its specialised industry practices with the recruitment of Andy Bear to head up a new transport, engineering and utilities industry practice group.
European insurance industry set to grow despite economic uncertainty says Ernst & Young
The European insurance industry is expected to continue to grow this year albeit at a slower pace than previous years, according to Ernst & Young in its 2009 outlook.
DAS ramps up key departments with staff appointments
DAS Legal Expenses Insurance has made three significant changes to three key departments – legal services, claims and customer services.
Snow hits the UK
Due to the unusual snow falls in the UK overnight and this morning the Postonline news service is likely to be slow this morning as staff struggle to work. Apologies for this but normal service will be resumed as soon as possible. Insurers are however…
Hurricane Ike estimates are hiked in Lloyd's and Bermuda
Lloyd's and Bermudian (re)insurers have raised their estimates for Hurricane Ike, which devastated t...
AIG earns wrath of Greenberg over "fire sale"
The AIG saga continued over the Christmas and New Year period, as the ailing US insurer battled outg...
Novae offers "friendly" merger deal to Chaucer
Lloyd's insurer Novae has offered (re)insurance rival Chaucer the chance to merge on an all-share, n...
Allstate downgraded after $1.1bn net loss
US insurance giant Allstate was downgraded by ratings agency Moody's after it recorded a fourth quar...
Japanese insurance giants set to merge
Japanese non-life insurance giants Mitsui Sumitomo, Aioi Insurance and Nissay Dowa General Insurance...
ISO expects fourth highest cost in a decade for US insurers
In late January, ISO's Property Claim Services Unit (PCS) reported that US property/casualty insurer...
Starr Specialty Lines offering additional capacity for North American commercial risks
Starr Specialty Lines Insurance Agency, a subsidiary of CV Starr, said it is offering additional capacity on primary, buffer, and excess of loss layers for North American commercial property risks. Zurich, a leading property and casualty insurance…
Swiss Re FY result likely to be 'messy', says analyst
Swiss Re's fourth quarter and full-year results are going to be a 'mess' when the reinsurance behemoth reports on 19 February, according to a senior analyst at Collins Stewart.