News
Mixed fortunes for Max Re Capital
Max Re Capital (MXRE) has announced that its subsidiary, Max Re, has increased its product offerings...
Benfield claims benefits from increased investment
Benfield has announced that it made a profit before tax of £97.8m for the first half of 2006, up on ...
London Market launches electronic claims file repository for Lloyds
The London Market has taken a significant step toward reforming its claims processes by making a ele...
Hiscox focuses on Bermuda move
Hiscox unveiled a new Bermuda-oriented path for itself. The company has announced that in order to t...
Oxygen enters reinsurance market
Oxygen Insurance Brokers has announced the launch of Oxygen Re. Oxygen Re will cater for all types ...
Reinsurers' financial strength at five-year low
Financial strength in the global reinsurance sector has declined over the past five years to the poi...
Platinum ups loan facility by $200m
Bermudian reinsurer Platinum Underwriters Holdings has announced that it has replaced an existing $2...
Swiss Re-GEIS cull to lose 2000 jobs
World number-one reinsurer Swiss Re has announced a programme of up to 2000 job cuts worldwide by th...
Willumstad elected as AIG chairman
American International Group (AIG) has announced that its board of directors has elected Robert B Wi...
Unreliable modelling and aggregation could impact London Market
London Market insurers are confident that they will deliver strong returns in 2006. However, today's...
Quanta appoints new CEO; outlines plans for Lloyd's and run-off
Troubled Bermuda and Lloyd's (re)insurer Quanta Capital Holdings has named Peter Johnson to be its n...
RI3K brings in new trading system
RI3K has announced a new version of its trading system. Named 'V3', the new system will be rolled ou...
Wellington launches US marine reinsurer
Wellington Underwriting Inc, the US underwriting arm of Wellington Underwriting, has launched a mari...
Fitch sees return of soft-market cycle in 2007
Rating agency Fitch says it believes that over the next 12-24 months underwriting, operating and cap...
Berkshire and CV Starr launch new syndicate for 2007
Lloyd's has approved a new aviation, energy and marine syndicate, 1919, to be managed by Marlborough...
Kiln and Lloyd's in joint-venture Asian marine cargo move
Lloyd's insurer Kiln and the John Cahill Group are launching a new joint-venture company in Lloyd's ...
Liverpool Victoria overhauls IT systems
3i Infotech’s PREMIA general insurance system has signed a deal with Liverpool Victoria to provide the platform for automation of its general insurance business.
Alliance CEO to head Biba nominations committee
Alliance Risk Management chief John McLaren-Stewart has taken over as chairman of the British Insurance Brokers' Association's nominations committee.
Allianz launches claims pilot
Allianz Cornhill has responded to growing awareness of the need to recycle by launching a three month pilot project to test the use of recycled parts in repairing vehicles.
Hastings founder Gundlach to step down after IAG deal
Founder and chief executive of Hastings David Gundlach is to leave the company following the announcement of Insurance Australia Group's acquisition by Hastings.
Insurance Australia Group plots more UK deals after Hastings swoop
Insurance Australia Group has further UK acquisitions in the pipeline it admitted this morning following its acquisition of Hastings.
Australian insurance giant confirms Hastings bid
Insurance Australia Group this morning confirmed Post Magazine's front page story this week that it will enter the UK insurance market with purchase of Hastings and its underwriting subsidiary Advantage.
Outsourcing: two way street
The traditional driver for outsourcing has been a tactical and short-term focus on costs rather than a more strategic perspective, resulting often in poor management and monitoring. Delegates attending this year’s Post Outsourcing conference on 25…
Biba adopts message for 2007
The British Insurance Brokers’ Association (Biba) has opted for 'Achieving Excellence' as the theme for its 29th annual conference and exhibition to be held at ExCeL London between Wednesday 23 and Friday 25 May 2007.