News
Crashes could affect renewals
The recent spate of plane crashes, and forecasts of severe hurricane damage this year, could destabi...
Broker questions solicitors' outlook
More than three-quarters of solicitors affected by fallout from the collapse of The Accident Group d...
2005 Insurance five-a-side football
The fifth annual Insurance 5's football competition will be held on 2 October at the Goals Soccer Ce...
MMC CFO announces retirement date
Marsh & McLennan Companies, (MMC) has announced that Sandra S. Wijnberg, senior vice president and c...
Converium results show improvement
Converium made a loss before taxes of $16.4m for the first half of 2005, a dramatic improvement on t...
Marsh announces Cherkasky deal
Marsh & McLennan has said that it will pay chief executive Michael Cherkasky at least $3.5m in salar...
Japan hit by tremor
Global Review: Asia
Goshawk braces for results roundup
Goshawk has announced that its results for the first half of 2005 will be hit by higher than expecte...
Spitzer inquiry widens to Moody's
New York Attorney General Eliot Spitzer has subpoenaed Moody's for information on how it rates reins...
Munich Re results hit by American Re drain
Munich Re's results for the first half of 2005 have been hit by the continuing need to strengthen th...
Am Best affirms Gerling companies ratings
AM Best has affirmed the financial strength rating of A- (Excellent) of Gerling-Konzern Allgemeine V...
Vukelic gets fired from Faraday
Berkshire Hathaway has confirmed that Milan Vukelic, the chief executive of the Faraday arm of the c...
MetLife subpoenaed over broker compensation
MetLife has said that it has received a subpoena from Florida's attorney general and Oklahoma's insu...
New joint venture by Cooper Gay
The Cooper Gay Group, along with Michael W. Cashman, have created Cooper Gay & Cashman. This joint ...
In the long run, who'd be an aviation reinsurer?
The recent bad run of aviation losses may fail to spoil another good year for underwriters, but Mark Geoghegan wonders why this sector finds it so hard to make a long-term return on capital
Alexander Forbes in Professions shake-up as chair quits
Alexander Forbes has confirmed a shake-up to its Professions team following the departure of division chairman Tony Blyfield.
No-win-no-fee firm aims to exploit Scottish legal system
Scottish personal injury specialists Accident Claims Scotland has launched an extensive TV & press campaign.
Beachcroft Wansbroughs to investigate FSA arrow visits
Beachcroft Wansbroughs is to conduct the first dedicated independent research into the impact of the Financial Services Authority’s Arrow visits on firms.
Protectagroup appoints new finance director
Wales’ largest independent insurance company has appointed a new finance director to help take the company through to future flotation.
BHSF signs new deal with Vauxhall
BHSF has signalled its relief at signing 5,000 policies from Vauxhall motors so soon after losing half that number when MG Rover collapsed.
UK & Ireland makes Oval acquisition
Cover4Students, the online student insurance specialist has doubled in size after its acquisition of Saxon Insurance from the Oval Group for an undisclosed sum.
Alea announces capital raising plans after profit slump
Troubled insurer/reinsurer Alea Group has confirmed it is still in talks with its advisors to raise additional capital in response to A.M. Best’s concerns overits risk-adjusted capital position. It said the capital required will be approximately $210…
Atrium confident despite Katrina
Atrium Underwriting has released its latest 2003 year of account and 2004 pure year of account forecasts for the two syndicates (570 and 609) managed by its managing agent subsidiary, Atrium Underwriters Limited, and for itsunderwriting portfolio of…
Munich Re estimates its Katrina loss at €400m ($488m)
Munich Re has put a figure of $15bn-$20bn on the one hundred percent insured loss arising from hurricane Katrina and estimates it will end up paying €400m ($488m) for its share.