News
Insurance task force set up
Industry big-hitters have joined forces with government to form a new working group aimed at protect...
Heath Lambert wins Birds Eye contract
Heath Lambert has poached a major international account from Willis after 18 months of negotiation w...
Court of Appeal upholds HLB Kidsons decision
The Court of Appeal has upheld a judgment against former partners of accountancy firm HLB Kidsons af...
Appointment at Heritage Managing Agency
Heritage has appointed Neil Chapman as joint active underwriter, with responsibility for Syndicate 1...
EC questions exemption
UK insurers have so far failed to make a case for the renewal of their block exemption from European...
KGM opens claims centre
Specialist motor insurer KGM is to open a claims centre in Chelmsford in the new year. Active underw...
IAG UK exit plan 'going well'
Insurance Australia Group says discussions about the sale of some of its UK businesses are "well und...
Appointment at Thatcham
Continuing the expansion of its training provision, insurance repair and research centre Thatcham ha...
CBG Group raises £1.65m through shares
AIM-listed broker CBG Group has its eye on growth after raising £1.65m through an arrangement to pla...
Berkshire Q3 results
Third-quarter profits for Berkshire Hathaway dropped 77% to $1.06bn (£682.8m), down from $4.55bn a y...
Travel industry resists FSA regulation route
Travel companies are choosing to take the appointed representative route rather than becoming direct...
IUA to take part in Lloyd's Exchange pilot
The International Underwriting Association has pledged its support for the Lloyd's Exchange and announced it will take part in the pilot which is due to start in early 2009.
Maidment leaves Allianz as part of restructure
ALLIANZ South and London trading director Paul Maidment is leaving the company following a restructure designed to grow SME business.
Gibbons leaves Giles
Another director has left Giles as part of the “streamlining” of the business.
Moody's downgrades outlook on US health insurers
The fundamental credit outlook for the UShealthcare insurance companies, spanning the next 12-18 months, hasshifted to negative from stable, Moody's Investors Service concludes inits recent report on the sector.
Arig turns in Q3 net loss
Arig, the Middle Eastern (re)insurer, announced a net loss of $10.8 m for the first nine months of 2007, down from a net profit of $10.3 in the first nine months of 2008. The group blamed "the global financial turmoil and the steepest fall in recent…
Demand for reinsurance expected to rise more than 20% in 2009/10 - Citi
Demand for reinsurance cover is expected to rise more than 20% in the two years, a senior analyst at Citi has said.
RSA encourages retailers to protect against power cuts
RSA is urging retailers to seek protection against the threat of winter power cuts.
Fitch gloomy on outlook for South Korean guarantee insurer SGIC
South Korean guarantee insurer Guarantee Insurance Company's (SGIC) has had the outlook on its insurer financial strength rating (IFS) revised to 'negative' from 'stable' and had its rating simultaneously affirmed at 'A'.
WR Berkley to buy Norwegian specialty insurer
WR Berkley said it has signed a letter of intent to acquire Oslo, Norway-based NEMI Forsikring ASA, which focuses on specialty lines of insurance.
RSA CEO Brown confirms restructure
Adrian Brown has announced a number of changes to RSA's senior management and a reorganisation of its key divisions.
Confused welcomes FSA comparison site review
Carlton Hood, chief executive officer of Confused, comments on the Financial Services Authority's price comparison site review.
Go Compare says FSA review raises "industry-wide issues"
Go Compare has commented on the conclusion of the Financial Services Authority’s review of insurance comparison websites.
Ryanair Rome near-crash insured by Axa - source
A Ryanair flight which narrowly averted a crash after a flock of birds was caught in the plane's engines was insured by French insurance giant Axa, Reinsurance has learned.