News
Insurers widen access to home insurance in the North-east
The Association of British Insurers (AB has teamed up with insurer RSA and brokers Marsh to bring together housing providers from councils and housing associations at an event in the North east today, with the aim of widening access to home contents…
More M&A expected for P&C market - analysts
Investors can expect a heightened amount of M&A in the property & catastrophe insurance market, analysts from Keefe, Bruyette & Woods have said.
Aon Re parts company with MD
Aon Re has parted company with one of its managing directors, the company confirmed.
Pacific Life buy into reinsurance
Pacific Life has announced it is to buy Scottish Re’s International Life Reinsurance segment for $71.2m.
UIB opens reinsurance operations in Brazil
United Insurance Brokers group (UIB) has announced the unveiling of a new reinsurance broking operation in Brazil, called UIB Consultoria e Participações do Brasil
Stackhouse Poland acquires again
Stackhouse Poland has acquired David Fangen Holdings, which includes David Fangen (based in London) and W Burch and Son (High Wycombe).
AIG defends CEO Sullivan after WSJ report
AIG has defended its chief executive Martin Sullivan after the Wall Street Journal reported that major shareholders were teaming up against him today.
XLCA and XLFA downgraded three notches to BBB-
Ratings agency Standard & Poor's (S&P) has lowered its financial strength ratings on XL Capital Assurance (XLCA) and XL Financial Assurance Ltd. (XLFA) to 'BBB-' from 'A-'. S&P said the ratings remain on credit watch with negative implications
Enter a team now - Insurance Cup football competition
This year's Insurance Cup – The Prince’s Trust Insurance Leadership Group' s six-a-side football tournament - is being held on 18 September at Regent's Park. Last year's winning team, from Transatlantic Re, will be looking to defend their title against…
AIG confirms SEC investigation
The US Securities and Exchange Commission and the Justice Department are probing the valuation of financial instruments by American International Group in the company's credit default swap portfolio, the company said.
First Title provides title insurance to Pinnacle
First Title Insurance has provided title insurance to developer and operator of warehouses in Central and Eastern Europe Pinnacle Real Estate.
New chairman of Climate Wise elected
Chief executive of Allianz Insurance, Andrew Torrance, has been elected as the new chairman of Climate Wise.
Willis in $2.1bn broker swoop
Willis has agreed to acquire Hilb Rogal and Hobbs in a $2.1bn deal.
Lifesearch backs Competition Commission on PPI
The Competition Commission’s recommendations for payment protection insurance (PPI) are “a step in the right direction”, according to LifeSearch.
Standalone PPI the answer says Paymentcare
Concerns borrowers will be put at risk by the Competition Commission’s proposed changes to the payment protection insurance market would be completely unfounded if consumers were made more aware of the standalone alternative to lenders’ own PPI,…
Broker Direct launches D&O product
Broker Direct has launched an on-line directors and officers product underwritten by AIG UK.
Man Group to buy 25% stake in Bermuda's Nephila capital
Hedge fund giant Man Group has announced that it has entered into an agreement to acquire a 25 per cent interest in Bermuda-based Cat underwriter/investor Nephila Capital for $50m in cash.
Scaled back Gulf Re gets license and A- rating
Gulf Re the Dubai-based joint venture between Arch Capital and the Gulf Investment Corporation (GIC) has been granted a licence by the Dubai Financial Services Authority (DFSA) and has been given a financial strength rating of A- by AM Best.
Caribbean Cat fund renews for 2008 season
All sixteen original member governments of the World-bank sponsored Caribbean Catastrophe Risk Insurance Facility (CCRIF) have renewed their 2008 policies.
Wilshire promoted at Merlin after directors leave
Chris Wilshere has been appointed to head up specialist liability loss adjusting business Merlin Liability, formerly Sigma Claims Solutions, with immediate effect.
MD of Confused to join Highway Insurance Group
Managing director of Confused Debra Williams is leaving the price comparison site to join Highway Insurance Group.
NU unveils up to 1800 job cuts with operations overhaul
Norwich Union Insurance has announced plans to make up to 1800 people redundant by 2010 as part of a plan to consolidate some back office functions.
Cardif Pinnacle appoints new chief operating officer
Cardif Pinnacle, part of the worldwide BNP Paribas Assurance Group, has appointed Bob Silverman as chief operating officer.
CNA Insurance launches new healthcare products
CNA Insurance is launching a new range of healthcare products as part of its CNA Health Pro range.