News
Zurich joins forces with UAE-based company to create takaful business
Zurich Financial Services Group has signed an agreement with United Arab Emirates-based Abu Dhabi National Takaful Company PSC to create a new family takaful business.
Skandia is mistaken, says Association of British Insurers
Stephen Haddrill, Director General of the Association of British Insurers’s, has responded to Skandia’s resignation from the ABI.
Recruitment moves
AIG's acting chief financial officer Steven Bensinger has resigned, with David Herzog taking his pla...
Hannover Re issues FY profits warning
Hannover Re, the German reinsurance giant, has said that the sharp fall in equity prices and the "ab...
Investment losses
(Re)insurance companies have seen their investment income dive over the third quarter of 2008 compar...
Realised and unrealised losses
The (re)insurance industry has also shown a number of unrealised and realised losses during the thir...
Casualty reigns
The financial crisis may have hurt for financial services companies the world over, but it has meant...
Greenberg warns soft market 'over'
Evan Greenberg, chairman and chief executive of Switzerland-domiciled (re)insurer Ace, has said the ...
AM Best places insurers' ratings under negative review
AM Best has placed several insurers' ratings under review with negative implications "based on the c...
Xchanging webcast online now
Xchanging CEO David Andrews talked to Anthony Gould, group editor in chief of Reinsurance last month...
Bahrain boom in 2007
The Central Bank of Bahrain said that the Bahrain insurance market posted its strongest-ever annual ...
Swiss Re in frame for RBSI?
Swiss Re is reported to have teamed up with venture capital firm CVC to bid for Royal Bank of Scotla...
AIG headache continues
The AIG headache continued in October, as new CEO Edward Liddy told US media that the $123bn loan th...
Aon reveals 43% drop in income
Aon has reported a 43% fall in net income to $117m (£71.8m) (Q3 2007: $204m).
Unitas gains new member
Hull-based broker The Insurance Partnership Services has joined the ranks of Unitas.
BGL's Junction unveils new director
Matthew Gledhill has been appointed marketing director for Junction.
Odyssey Re reports operating loss of $6.4m
Odyssey Re has reported net income of $121.5m for the third quarter ended 30 September, compared to $112.1m for the same period last year.
Lloyd's broker founder and CEO to step down
THB has announced that group chief executive Vic Thompson is to retire from the company and the board on 30 April 2009.
Technology insurance needs highlighted as details of 500,000 people are stolen
As the Sinowal computer virus steals bank details of over 500,000 bank account and credit card details in UK, US, Australia and Poland since February 2006, businesses need to invest in ‘e-risks’ insurance writes Katherine Brandon, reporter, Professional…
Hartford sees $2.6bn loss
The Hartford Financial Services Group has reported a third quarter net loss of $2.6bn, compared to a net income of $851m in the same period last year.
BGL reports 43% increase in profits
The BGL Group today announced a 43% increase in profit to £43m for the financial year July 2007 to June 2008.
Confused adds Halifax to home panel
Price comparison site Confused has added Halifax to its home insurance panel.
Marsh in trade credit warning
Mounting fears of a UK recession among businesses have led to a sharp increase in the sale of trade credit insurance policies. However, Marsh added the protection available from insurers is becoming limited in some trade sectors.
Aspen hit by hurricanes and credit crunch
Aspen rcorded a third quarter 2008 net loss after tax of $116.7m, compared with a net profit after tax of $117.2 million in Q3 2007.