News
Willis appoints new executive vice president
Willis Group Holdings has announced the appointment of Dorien Smithson to executive vice president, Willis Americas.
Lockton builds energy business
Lockton has appointed Peter Leahy as managing director of its energy division in London.
Chase IT appoints new business development head
Chase IT Services has appointed Andy Nightingale as head of business development.
Guy Carp senior vice-president Rich goes in round of job cuts- sources
One of Guy Carpenter’s senior vice-presidents has been named as another high-profile casualty of the reinsurance broker’s job cuts, Reinsurance understands.
Transatlantic reports solid 1Q, takes small investment write-down
Transatlantic Re has reported net premiums written for the first quarter of 2008 up 5.2% to $1,035.6m compared to $984.2m in the first quarter of 2007.
Insurers criticised for lack of cover on downloaded music
Many of the UK’s big name insurers are still not paying out for claims on the loss of downloaded music – despite the fact that digital sales now form a massive chunk of the UK’s music purchases according to financial data comparison site Moneynet.co.uk.
RMS hires head of risk markets
Risk Management Solutions has appointed John Stroughair to head the risk markets group of RMS Consulting.
Japanese renewal rates down 5-10% - Guy Carpenter
Reinsurance rates across each line in Japan generally decreased from 5 - 10%, according to report from Guy Carpenter.
Allstate budgets $240m less for Cat spend in 2008
Giant US insurer Allstate has revealed that is has budgeted $240m less to pay for its 2008 catastrophe reinsurance coverage in 2008.
Arista boosts Manchester team
Arista Insurance has appointed a broker development manager and senior underwriter at its recently established Manchester branch.
Silverbeck Rymer launches FNOL product
Following twelve months of development and £2m worth of investment, law firm Silverbeck Rymer has announced the launch of an innovative First Notification of Loss service.
Amlin sees US Cat rates 10-12% down year-on-year
Lloyd’s (re)insurer Amlin has said that it has seen price reductions of between 10% and 12% on its US Catastrophe book, although it said that prospective margins were still acceptable.
Chinese insurers total premium jumps 51.6%
BESTWIRE---Chinese insurers racked up a 51.6% gain in aggregate premiums for the first quarter of 2008, with life insurers far outpacing nonlife insurers in growth.
White Mountains' FolksAmerica unit names three new CUOs
White Mountains Re, the Bermuda-based reinsurance unit of White Mountains Insurance Group appointed three new leaders to its Folksamerica Reinsurance Company underwriting teams.
Cardif Pinnacle launches web portal
Cardif Pinnacle has launched a new website portal www.helpucover.co.uk.
Amlin reports 10% drop in GWP for Q1
Amlin has reported a 10% drop in gross written premium (before deduction of brokerage) during the first three months of 2008 to £395.9m, compared to the same period of 2007 (£440.2m).
FSA warns firms over customer fraud threat
The Financial Services Authority is urging firms to change their attitude to data security and do more to help prevent their customers falling victim to identity fraud and other types of financial crime.
Post Office contact centre worker wins Integra award
Rehena Sultana has been short-listed for the 2007 Contact Centre Agent of the Year award, to be hand...
Employee feedback leads GHL's training initiative
GHL Insurance Services has introduced a bespoke training programme for its employees after acting on...
Trust seeks enterprising individuals
The Prince's Trust is set to launch its entrepreneurial challenge Million Makers this June. The fun...
Darwin Rhodes sets up Edison Morgan practice in Prague
The professional financial services and insurance recruitment specialist Darwin Rhodes has opened an...
Preparing for the future challenges of work
The world of business and management has changed dramatically over the last 10 years. Advances in co...
PB WEEK: RBSI rumours continue
Market gossip about the sale of the Royal Bank of Scotland’s insurance brands has reared its head again for what must be the millionth time in the past two years. Except this time it’s a bit different, writes Charlie Thomas, reporter, Professional…
Pick of the Week
Post reporter Alwynne Gwilt and editor Jonathan Swift looks at the week's major general insurance new...