News
TRIA extension compromise
President Bush has signed the final compromise version of a seven-year extension to the US terrorism...
Canopius to launch new unit in Ireland
Lloyd's managing agency Canopius intends to establish a business unit in Dublin - Canopius Ireland. ...
COO report - Modelling concerns
The increasing reliance on modelling as a means of maintaining underwriting discipline has emerged a...
Retrocessional deal - Berkshire Hathaway assumes 20% of Swiss Re P&C portfolio
Warren Buffett's Berkshire Hathaway has once again taken the market by surprise after securing one o...
Swiss Re to buy 25% of Vietnam Re
Swiss Re has entered into an agreement to acquire a 25% stake in the Vietnamese reinsurer, Vietnam N...
BMA unveils first ever business plan
The Bermuda Monetary Authority (BMA) has published its first ever business plan, outlining the phase...
THB acquires PWS broking business
Lloyd's broker THB finally acquired the Lloyd's broking business of PWS International and certain ov...
Aon completes 80% of 1/1 electronically
Aon completed as much as 80% of its 1/1 treaty reinsurance renewal placements electronically in Dece...
New quota-share treaty for XL Re
Bermudian reinsurer XL Re has announced a quota-share reinsurance treaty with a newly formed Bermuda...
Towergate in new network tie up
Towergate Underwriting has joined broker network Countrywide's panel, becoming its seventh strategic insurer partner. Both are ultimately owned by Towergate Partnership Group of companies after Countrywide's parent Open GI was acquired by the…
Small broker named Midland's finest
Commercial broker and Layton Blackham Business Solutions partner, Prizm Solutions has been named Midlands Small Business of the Year 2008 after only 12 months of trading.
Newman Martin and Buchan bolsters energy division
Independent Lloyd’s broker Newman Martin and Buchan has appointed Carolyn Bishop as a director of its energy division.
Alec Finch announces new MD
Alec Finch and Company has announced the appointment of Paula Williams as managing director with effect from 1 February 2008.
Novae credit insurance division expands
Novae Group’s specialist online trade credit insurance operation has laid out plans to introduce policy enhancements and to expand through participation in syndicated risk placements.
Benfield expands its presence in China
Independent reinsurance and risk intermediary Benfield announced today it has received approval from the China Insurance Regulatory Commission to open a new representative office in Beijing.
Sea surface warming leads to increased Atlantic hurricane activity
New research quantifying the impact of rising Atlantic sea surface temperatures has helped improve the understanding of how hurricane risk changes as the sea surface warms, allowing insurers and reinsurers to better manage their risks now and in the…
Health cash plan for military families launched by Forces Financial
Forces Financial has teamed up with BHSF to launch a health cash plan for families of military personnel.
Budget date announced
It has just been announced by the Treasury that this year's budget will be delivered on Wednesday March 12th at about 12.30pm.
Broker network ties up £40m distribution deal
Welsh broker Moorhouse has completed a distribution deal worth £40m over five years with broker network Cobra.
Munich Re trumpets record 07 profit
Global reinsurer Munich Re has announced it expects to declare a record profit of €3.9bn (£2.9bn) for 2007 and would increase its dividend by 22% to €5.50 a share.
Post pick of the week
Jonathan Swift, editor of Post, outlines the major stories in this week's issue including: police called in over alleged fraud at Lloyd's broker; Sir Michael Pitt warns insurers over minimum standards legislation; St Paul outlines UK plans in wake of…
Capita unveils new insurance boss
Capita CMGL, a Capita Group subsidiary company, has appointed Nick Stimpson as managing director of its Australian operations, based in Sydney.
Asbestos hits Everest 4Q but analysts happy
Bermudian reinsurer, Everest Re saw its fourth quarter combined ratio battered as it felt the effect of its recent bolstering of asbestos-related reserves, but market analysts reacted favourably to the clean-up operation.
Aviva enters South Korean life market
Aviva has announced that it is to enter the South Korea life insurance market by forming a consortium with Woori Finance Holdings.