News
Parabis wins RSA contract
The Parabis Group has strengthened its ties with RSA after signing six new contracts to provide lega...
Sagicor rebrands BSU
Sagicor Syndicate Holdings has rebranded Byrne and Stacey Underwriting to Sagicor Underwriting. Sagi...
RPC to sell regional hub
Reynolds Porter Chamberlain is to sell its regional insurance office in Tiverton, Devon, as a going ...
Aon to grow e-commerce
Aon UK's new managing director of e-business and market reform claims the company's commitment to te...
Aggregator wins funding
Coverzones, the online small to medium-sized enterprises insurance aggregator, has secured new inves...
Principle launches first British Takaful-compliant policy
The UK's first Shariah-compliant insurance provider has starting selling policies. Principle Insura...
Hiscox enlists Forness
Hiscox has hired Bob Forness from Lloyd's competitor Imagine to head up its new custom risk reinsura...
Industry blasts MoJ for 'cynical' and 'politically motivated' failure
Industry experts have hit out at the government over its personal injury reform report and questione...
AM Best downgrades Scottish Re's financial strength rating to C-
Ratings agency A.M. Best has downgraded Scottish Re's financial strength rating to C- (Weak) from C+ (Marginal) and issuer credit ratings (ICR) to “cc” from “b-” of the primary operating insurance subsidiaries of Scottish Re.
Groupama fills regulation post
Groupama Insurances has appointed David Ragan as group compliance officer, following the retirement of Colin Darnell.
Small businesses continue to boom despite credit crunch, according to survey
Despite the credit crunch more than half (52%) of small business owners in the UK say they have no intention of limiting their expansion plans, a survey reveals.
Aon attacks ‘toothless’ Ministry of Justice personal injury reforms
Aon has attacked the Ministry of Justice's personal injury reforms as being ‘toothless’.
Mapfre Re ups GWP and net profits by 10% in first half
Spanish reinsurer Mapfre Re increased gross written premiums by 10.3% to €860m ($1.35bn) in the first half of 2008.
Sterling Insurance Group's rating downgraded
Sterling Insurance Group’s insurer financial strength rating has been downgraded from A- to BBB+.
Costa Rica Insurance monopoly to be broken 'by September'
The Costa Rican authorities have confirmed that its current insurance market monopoly will be opened up to competition 'by September at the latest', according to the president of the Costa Rican financial regulator, Conassif.
Aegis London strengthens team
Aegis London has made two appointments to newly created roles within the company.
Tokio Marine and Philadelphia Consolidated agree $4.7bn takeover
Tokio Marine have announced that they have entered into a definitive agreement under which Tokio will acquire all outstanding shares of specialty P&C insurer Philadelphia Consolidated for $61.50 per share in cash — a 73% premium to the company’s 22nd…
Montpelier first half net income drops 64%; Q2 off 13%
Montpelier Re, the Bermudian (re)insurer, said that first half net income dropped 64% compared to 2007.
Platinum Q2 net income up $12m
Platinum Underwriters, the Bermudian (re)insurer, said that second quarter net income rose to $102.3m from $90.6m in the corresponding period last year.
Highway partners with ClaimWatch to drive up claims service standards
Vehicle repair suppliers providing the highest quality of claims service to policyholders are to be rewarded under a new initiative being launched by broker-only motor insurer Highway.
Private Equity firm snaps up SSP
SSP Holdings have been acquired by private equity firm Hellman and Friedman at a value of approximately £198m.
AIG ups political risk line size to $120m
AIG Global Trade & Political Risk (AIG Global) has announced it has increased capacity to support political risk insurance (PRI) policies with limits up to $120m per risk, from $100m per risk.
Arig 1st half profits fall on investment slowdown
Arab Insurance Group (Arig) has announced half-year net profits of $11.4m compared to $18.6m a year earlier.
Total US premium ceded to offshore reinsurers up 6.8%
In 2007, total U.S. premium ceded to offshore reinsurers was $58.4bn, up from $54.7bn in 2006, an increase of 6.8%, a survey from the Reinsurance Association of America said.