News
Harbor Point applies for UK branch licence
Class of 2005 Bermudian and US reinsurer Harbor Point has applied to the Financial Services Authorit...
AIG appoints Willumstad as new CEO and buys rest of Ascot
AIG remained in the news this summer after chief executive Martin Sullivan was ousted in mid-June an...
Carvill claims $60m derivatives traded on its CME contracts
Reinsurance broker Carvill has said that trading its Carvill Hurricane Index (CHI) contracts continu...
SEC report slams S&P, Moody's and Fitch
The SEC has issued a damning report into practices at ratings agencies Standard and Poor's, Fitch an...
Torus takes Munich Re's construction team - sources
New energy Torus has boosted its construction reinsurance book after taking four of Munich Re's cons...
KnightBrook buys Excess Re
KnightBrook, a recently established holding company of Knight Insurance Company and Venbrook Group, ...
New network launching
Broker Direct will launch a new network early next week, Post has learnt.
Arista appoints NU schemes boss
Commercial lines underwriting operation Arista Insurance has appointed Andrew Ball as schemes manager.
Knowles leaves CII to start up online MGA
The Chartered Insurance Institute has confirmed Peter Knowles, market director for general insurance, is leaving the professional body to start a new online broking venture.
Lloyd's poised to open Ireland office
Lloyd’s has appointed its first country manager for Ireland who will oversee the opening of a new Lloyd’s office in Dublin later this year.
THB opens Cheltenham office
THB has opened an office in Cheltenham one month after unveiling a new 16 000 square feet premises in London's Leadenhall Street.
Kaupthing Singer and Friedlander: sale update
Kaupthing Singer and Friedlander has admitted the sale of its premium finance is close.
Florida officals clear way for Berkshire Hathaway deal
(BestWire) — Florida officials have cleared the way with a second vote for the Sunshine State to pay Warren Buffett's Berkshire Hathaway $224 million now in return for the company's promise to buy $4 billion in state bonds should a hurricane cause major…
Government in new flood defence pledge
The Department for Environment, Food and Rural Affairs has set out plans to contribute at least £5m to a scheme to support households in England that face a particularly high risk of flooding but which are not protected by traditional community level…
Health insurer to undergo rebranding
Simply Health will be uniting its trading divisions under the single name of Simply Health, with all divisional names transferring to the Simply Health name over the next two years.
AIG and Swinton among additions to aggregator site
Comparethemarket has added Ecar, Swinton, Bullseye and AIG Direct to its panel, it announced today.
Willis Q2 net income halves on cost savings
Willis, the world’s third-largest broker, said second quarter net income halved during the period dropping to $39m from $78m a year earlier.
Aspen Insurance Holdings Q2 net income up 11%
Aspen Insurance Holdings, the Bermudian (re)insurer, said that second quarter net income rose 11% to $126.9m from $114.7m this time last year.
Novae pre-tax profits rise 8%
Novae has reported an 8% rise in pre-tax profits to £16.8m for the first half of the year compared to the same period in 2007.
HBOS sees Esure sales jump 43%
Halifax Bank of Scotland's general Insurance profit increased by 64% to £176m (H1 2007 £107m) for the first half of 2008.
Generation Y: motivating and retaining young managers
'Self-absorbed', 'impatient', 'disloyal': these are just some of the words used to describe generati...
Director completes fundraising challenge
A Healthsure director has raised more than £20,000 for charity Help the Hospices by cycling a gruell...
CII partners up for training
The Chartered Institute of Insurance and Searchlight Insurance Training have signed an agreement to ...
SME tycoons unperturbed by worldwide credit crunch
Entrepreneurial flair is alive and well in the UK despite the economic downturn, according to Hiscox...