News
Fitch: SCA loses AAA rating, still on negative watch
Ratings agency Fitch has downgraded the insurer financial strength ratings on 46% XL-owned Security Capital Assurance (SCA) and subsidiaries, XL Capital Assurance (XLCA), XL Capital Assurance (U.K.) (XLCA-UK) and XL Financial Assurance (XLFA)to 'A' from …
Broker Direct stunned by death of Andrew Paddick
Commenting on the tragic news of the death of its chairman, Andrew Paddick, Broker Direct chief executive Roy Green said: "It was with the utmost sadness that we heard of Andrew's sudden death. Our thoughts are firmly with his family and all those who…
THB completes PWS swoop
THB has announced the successful conclusion of its acquisition of the Lloyd’s broking business of PWS International and certain overseas interests of the PWS group.
Cobra extends insurer panel
Cobra Network has announced that Zurich has agreed to extend the scope of products available to its members.
Biba saddened by Andrew Paddick's death
British Insurance Brokers' Association chairman Derek Thornton has expressed his sadness at the passing of Andrew Paddick.
CGT reform announced
The government has announced the details of its capital gains tax reform - upholding its decision to set a single rate of 18% and abolish taper relief from April.
Andrew Paddick passes away
It is with great regret that the Institute of Insurance Brokers has announced the sudden death of Andrew Paddick, its director general, earlier today.
THB - PWS deal back on
THB Group has revealed that its acquisition of PWS is back on, after legal issues were resolved between the two parties.
Darling set to reveal CGT reforms
Alistair Darling is expected to announce his proposals to reform capital gains tax later today – three months after revealing plans to impose a single 18% rate from 6 April.
XL to take $1.5bn credit crunch charge in fourth quarter
Bermudian (re)insurer XL Capital has today announced that it expects to record net income for the full-year 2007 of $200m to $400m and a net loss in the fourth quarter of $1.0bn to $1.2bn.
Beazley expands political risk team
Beazley Group has expanded its political risks team, appointing Crispin Hodges to spearhead the growth of its business in Singapore.
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Talent spotlight
Pick of the Week
Jonathan Swift, editor, Post Magazine outlines the major stories in this week's issue of Post includi...
UKIM wins contract
Durham-based medico-legal agency UK Independent Medical has been awarded the Nursing and Midwifery C...
Aon appoints new chief
Aon has appointed Robert Brown as chief executive of its corporate division. He replaces John Thornt...
CUA restructures firm
Cobra Underwriting Agencies has announced several moves across the company, including the addition o...
FSA to kick-off £6m broker TCF drive
The Financial Services Authority has set aside £6m for the small firms division and increased its st...
LV to recruit 350 as it doubles brand spend
LV's general insurance arm has announced plans to boost its headcount by 350 this year as it steps u...
XL outlines regional plan after Newcastle opening
London-based XL Insurance is opening a new office in Newcastle Upon Tyne, marking the company's firs...
FSA mulls action over aggregators
Aggregators have hit back at the British Insurance Brokers' Association and its call for the Financi...
Carbon desk move
Reinsurance giant Swiss Re has shifted its carbon emissions desk from New York to London and hired e...
Short-term motor product
BGL subsidiary brand Budget Insurance has launched a new short-term motor product. Customers looking...
New division leader
Royal and Sun Alliance has appointed Robert Rae to head its new manufacturing division. Mr Rae previ...
Lockton raids Erinaceous to boost construction team
Lockton has strengthened its real estate and construction division by recruiting Simon Millar from t...