News
Appointment at Liberty Mutual
Jonathan Powell has been appointed as branch manager for Liberty Mutual Insurance Europe's Bristol o...
Brit GWP rises 10.5%
Brit Insurance reported gross written premiums for the first nine months of the year to end-Septembe...
Appointment at Marshall Woolridge
Julia Wilding has been appointed by Marshall Wooldridge as an account executive. Ms Wilding joins fr...
VFM expands offering
VFM Services has expanded its business as a claims outsourcer following the launch of a first notifi...
Allianz downplays exit
Allianz has become the latest insurer to withdraw from offering third-party fire and risk coverage a...
Small suppliers pose risk
Financial instability and deteriorating economic conditions in the UK are prompting companies to imp...
Ex-Catlin UK boss eyes diversification
The new underwriting chief at Jubilee Managing Agency has revealed the Lloyd's specialist insurer is...
Insurer moves to quell downgrading fears
Bermudian insurance group Argo has become the latest company to take advantage of the growing uncert...
Lloyd's market to proceed with caution
Lloyd's is likely to continue its conservative investment approach until the markets start to even o...
Kenya Re fraud action results in ratings boost
Ratings agency AM Best has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (good) and the issuer credit rating (ICR) of “bbb-” of Kenya Reinsurance Corporation..
Post Watch 23 October 2008
Post reporters Louise Meeson and Alwynne Gwilt look at the major stories from the general insurance market (watch here) .
Consultancy demands FSA clarify solvency stance
Charl Cronje, an insurance partner at consultants Lane Clark and Peacock, has today warned that UK regulator the Financial Services Authority's tough statements about the future of financial services regulation run the risk of causing insurers to delay…
Confused signs ethical deal
Confused has today added new entrant Protect Your Bubble to its home insurance panel.
Former AMG director launches new liability loss adjuster
Former AMG director Simon Burley has established a new liability adjusting business called Delta Claims Services. The company will open for business on 1 November.
Travelers Q3 net income hammered by catastrophe losses
Travelers, the US (re)insurance giant, said that third quarter net income tumbled to $214m from $1.198bn the year before after the company was hit by $682m worth of after-tax catastrophe losses.
Bluecycle's new MD predicts year of growth for salvage sector
The future of the salvage industry is being driven by the rising cost of vehicle repair through parts and labour, says Guy Spence Bluecycle’s new managing director.
Legal division grows at IGI
General insurer IGI Group has appointed added to its new Legal Assist division, following its recent acquisition of Complete Claims Limited, the company announced today.
Bahrain's insurance market posts strongest-ever year in 2007
The Central Bank of Bahrain announced today that the Bahrain insurance market posted its strongest-ever annual growth during 2007, with gross premiums surging by 21% over 2006.
Video - Social networking and insurance
Ant Gould, group editor in chief, Post Magazine, talks to Doug Coombs, information strategist & enterprise content management product marketing leader, IBM Software Group about social networking and what this will mean for the insurance industry? Watch…
Platinum's Q3 net income falls
Platinum Re, the Bermudian reinsurer, reported a third quarter net loss of $45.3m compared to net income of $91.3m this time last year, while net income for the first nine months of the year to end-December fell to just over $154m from nearly $247m over…
Court approves settlement in suit Against Greenberg, CV Starr
(BestWire) — The Delaware Chancery Court has issued preliminary approval to a settlement in a shareholder derivative action between the Teachers' Retirement System of Louisiana and four former American International Group executives. Under the settlement…
AIM firm makes first acquisition since 2007 listing
Abbey Protection, the specialist supplier of legal and professional fees insurance products and services to UK small-to-medium sized enterprises, has acquired, Accountax Consulting, Accountax UK and Accountax Law for an initial consideration of £4.4m.
Allied World hires new chief investment officer
Allied World, the Bermudian (re)insurer said today that John Gauthier has joined Allied World as chief investment officer.
Fitch places XL Capital on 'negative' rating watch
Fitch Ratings has placed the ratings of XL Capital Ltd (XL) and its property/casualty (re)insurance subsidiaries, including the 'A' Issuer Default Rating (IDR) and the 'A+' Insurer Financial Strength (IFS) ratings of lead (re)insurance companies XL…