News
Appointment at Ascent
Ascent Insurance Brokers has named Roger Day as its new chief executive. He has more than 30 years' ...
UIB takes Marsh to court
United Insurance Brokers was set to appear in the High Court yesterday having accused Marsh of poach...
The claimant's view: ultimate power, ultimate responsibility
The imprisonment of Roy Clarke, the employer whose negligence caused the death of 17-year-old Daniel...
Penny Black's insurance week
It seems that the fallout from Towergate's collapsed talks with Candover will not stop spreading thr...
Homeserve reshuffles pack to find Heard replacement
Warranty, maintenance and repair provider Homeserve has unveiled management changes to its emergency...
China rocked by quake
Risk modeller RMS expects a large number of insurance claims to arise from the magnitude 7.8 earthqu...
Sub-prime crisis is manageable
Lloyd's chairman Lord Levene has reiterated that claims emerging from the US sub-prime mortgage disa...
Consultancy opens doors
New insurance consultancy Insight First has been launched to help brokers grow the value of their bu...
Court to reveal LAM ruling
A High Court judgment related to the procurement of London Authorities Mutual services is expected t...
Appointment at Christie
Christie Insurance has made six new additions. Walter Murray has been appointed director of broking....
Appointment at Miller
Miller Insurance Services has appointed Nick Lyons to chairman. Mr Lyons will be the first non-execu...
Appointment at XL
XL Insurance has enlisted Colin Ivory and Andy Barr-Sim as senior underwriters for its UK middle-mar...
Florida reinsurance rates shaping up for a 10% fall say sources
The Florida reinsurance renewals season is shaping up for a price drop - although it may be less than expected.
Argo’s Heritage bid goes unconditional
Bermuda headquartered US specialty (re)insurer Argo’s offer for Lloyd’s (re)insurer Heritage has been declared unconditional in all respects.
China earthquake likely to result in property damage of $10-15bn - RMS
The earthquake that shook China this week is likely to result in property losses of between $10-15bn, according to preliminary estimates from catastrophe experts, Risk Management Solutions.
LV in travel insurance push
LV has launched two new products as it aims to make its mark in the travel insurance market.
ABI says legislation is needed to tackle flooding
The Association of British Insurers has welcolmed today’s announcement in the draft Queen’s Speech that the government plans to consult on a draft floods and water bill, following publication of the Pitt Review into last summer’s floods.
Post Pick of the Week
Post online and supplements editor Stephanie Denton and editor Jonathan Swift look at the week's major general insurance news, including: Axa's plans to merge its broking arms Venture Preference and SBJ; how Willis has split its staff over its 'Hothouse…
BGL bolsters partnership arm
BGL Group has appointed James de Rose to the role of director responsible for insurer partnerships.
Aspen buys out original investor Candover for $100m
Aspen, the international specialty (re)insurer, has bought out Candover Partners, one of its original investors, for $100m as part of its $300m share buyback program.
Paris Re stumbles into red in Q1 on FX loss
Paris Re, the French reinsurer, reported a first quarter loss of $129.5m compared with a gain of $35.6m this time last year due to a $183m monster foreign exchange loss.
AIR: China quake to produce $300m-$1bn insured losses
Catastrophe risk modeling firm AIR Worldwide estimates that insured losses from the Chengdu earthquake are likely to exceed 2bn yuan ($300m) and could reach 7bn yuan ($1bn). The estimates cover property losses for residential, commercial, industrial and…
Air estimates insured losses from China quake to exceed $300m
Catastrophe risk modeling firm Air Worldwide estimates that total losses to insured and uninsured property from the M7.9 earthquake that struck near Chengdu, China will likely exceed RMB 140bn ($20bn).
Big rise in theft of catalytic converters says insurer
A large increase in thefts of catalytic converters from cars has been reported by insurer yesinsurance.co.uk.