News
Scottish Re looks to sell businesses
Embattled life reinsurer Scottish Re said it is looking to sell its international business and wealt...
Reinsurance 2007 results round-up
COMPANY NET WRITTEN UP/DOWN COMBINED UP/DOWN P...
Munich Re places first $100m of life cat bond deal
Munich Re has announced the placement of the first $100m tranche of a $1.5bn extreme mortality bond ...
Airline insurance market unprofitable
The airline insurance market was broadly unprofitable in 2007, according to Aon. A high level of hul...
Standard Life in $6.7bn life reinsurance deal
Standard Life, the UK life insurer, reinsured £6.7bn of its immediate UK annuity liabilities with Ca...
Broker takeover - Aon swoops for Gallagher Re
Aon has bought "substantially all" of Gallagher Re's loss-making US and UK reinsurance brokerage bus...
Catlin signs cat loss reinsurance contract to protect portfolio
Catlin Group has purchased a collateralised $150m annual aggregate reinsurance contract which protec...
RMS lanches loss index for European windstorms
Risk Management Solutions has launched what it claims is the first parametric index for assessing in...
Spiller out as CEO of Guy Carpenter
David Spiller has been ousted as chief executive of Guy Carpenter. The move - effective immediately ...
Appointments - MMC names former Ace boss as chair and CEO
Marsh and McLennan has appointed former Ace CEO Brian Duperreault as its president and chief executi...
Axis in u-turn over Charman job
Axis Capital, the Bermudian reinsurer, said that it has extended its employment agreement with chief...
Sub prime woes - AIG posts largest loss in its history
AIG posted the largest quarterly loss in its near-90 year history when it said that full-year net in...
MMC to elect board directors
Marsh and McLennan Group (MMC) has said that its board of directors will be elected annually as thei...
Markel confirms commitment to electronic trading
Markel International has confirmed its commitment to the electronic claims file initiative. The ann...
Asian terrorism is a unique threat
Lloyd's has said that businesses that operate in Southeast Asia need to learn about the "specific" a...
Fraud trial - Former insurance directors convicted in AIG fraud case
Five former insurance executives have been convicted of fraud after an accounting scandal involving ...
Independent trial makes brief reappearance at Southwark Crown Court
Representatives for Michael Bright, Dennis Lomas and Philip Condon reconvened at Southwark Crown Court today for the first stage of their confiscation hearing.
Helphire CEO heralds closer insurer relations
Helphire this morning reported hire cases increased by 41%, turnover increased by 45% and operating profit by 16% to £23.5m for the six months to 31 December 2007. Profit before tax increased by 7% to £19.4m and eight new insurer contracts signed in the…
Willis group CEO contract extended again
Willis has extended the employment agreement with its chairman and chief executive officer Joseph Plumeri.
Kiln syndicates deliver "strong" performances
R J Kiln has released the final result for its managed syndicates for the 2005 year of account, updated forecasts for the 2006 year of account and initial forecasts for the 2007 year of account.
Open GI launches wholesale broking solution
Open GI has developed a new solution to allow wholesalers to transact volume personal lines business.
Lincolnshire earthquake could cause insured losses of up to £30m
The earthquake that shook the UK On Wednesday could cause insured losses of up to £30m, according to Risk Management Solutions.
Xchanging to offer Acord messaging to all insurers
Underwriters can now receive internationally recognised electronic messages rather than London specific ones.
Aon in major regional recruitment drive
Aon has announced a number of key appointments to its Commercial insurance operation, a part of the Aon Corporate division. The changes follow the recent appointment of Robert Brown as chief executive officer of Aon Corporate.