News
Save the banks scheme may be acquisition boost
The government's proposed insurance scheme for the banking sector could prompt increased availabilit...
Chaucer in SME push
Chaucer has made changes to the management of its Syndicate 1084 to help facilitate a concerted push...
Baker boosts Crawford's major loss team
An associate partner at Teceris has joined rival loss adjuster Crawford & Company to shore up its ma...
MD steps down as provider rebrands
Primary owned UKU Group and its affiliated companies have rebranded under the umbrella name of Longh...
BJP acquires Antell
BJP, the Thames Valley-based commercial broker, has acquired motor trade specialist Antell Insurance...
Parabis consolidates trio
Parabis Group has consolidated defendant law firms Badhams Law, Praxis Partners and GW Law under the...
Moneyextra ramps up to launch own insurance site
Moneyextra is making a major push into the insurance price comparison market with plans to launch it...
Post Pick of the week
Post senior reporter Sarah Hills rounds up the top stories from the general insurance sector. This week: Sterling boss on the exit options open to the insurer; ABI launches major flood consultation; Former Fusion boss admits market reentry plan;…
Towergate announces reshuffle in southern division
Towergate has made a series of key senior appointments to its retail division in the South which reflect the successful growth of the business across the region.
Arch announces approval for Lloyd's operation
Arch Capital Group, the Bermudian reinsurer, has said it has received approval in principle from the Lloyd's Franchise Board and the Financial Services Authority to establish a new managing agent and syndicate at Lloyd's.
Hannover Re CEO Zeller confirms retirement; CFO out too
Hannover Re's chief executive Wilhelm Zeller has confirmed that he is to step down at the end of June. He will be replaced by Ulrich Wallin.
Catlin to start new US casualty facultative reinsurance business
Catlin, the international specialty property/casualty (re)insurer, has established a US casualty facultative reinsurance business.
Transatlantic Re downgraded by S&P
US reinsurer Transatlantic Holdings has had its counterparty credit ratings downgraded to BBB+ from A- by ratings agency Standard & Poors.
Zurich snags AIG senior exec to lead Dubai office
(Bestwire) Zurich Financial Services Group has appointed Saad Mered as its chief executive officer for the Middle East. His appointment is effective immediately.
Marsh Hong Kong appoints new chairman
Marsh, the broking arm of US financial services giant Marsh & McLennan, has appointed insurance industry veteran Kenneth Kwok as chairman of its Hong Kong business. He will report to Paul Wilkins, CEO for Greater China and he will work alongside Marsh…
Outlook for Chinese P&C market stable - Moody's
The outlook for the Chinese property & casualty (P&C) insurance industry is stable, but challenges remain from growing price competition, declining capitalization and significant catastrophe risk amidst the weak economy, says a new report from Moody's…
Validus ups Ike loss estimates
Validus Holdings, the Bermudian (re)insurer, said that it has raised its loss estimates from Hurricane Ike by approximately $70.1m to a current total estimate of approximately $235.1m.
Aon creates 80 affinity jobs
Aon is creating 80 jobs within its affinity team based in Leicester.
RSA improves risk model
RSA has improved its geographical risk assessment model to include more than 100 updated features and take into account newly constructed flood defence schemes.
Groupama, Fortis and Axa could be impacted by CFS-Britannia merger plan
A raft of insurers could be impacted by the decision of Britannia and Co-operative Financial Services to merge to create what has been described a "new super-mutual" and an "ethical alternative to shareholder-owned banks".
Indian firm courted as AIG ends Manchester United sponsorship
AIG is to end its sponsorship deal with Manchester United according to reports.
Environmental Liability Directive 'weeks aways' from being introduced in the UK
From March, UK industry will face more onerous duties to protect the environment and the cost of notifying pollution incidents and remedying them is expected to increase "significantly".
Pick of the week
Post senior reporter Sarah Hills rounds up the top stories from the general insurance sector. This we...
AIG replaces chief investment officer
American International Group, the troubled US insurer, has replaced its chief investment office Win Neuger. Monike Machon will take his place.