News
Odyssey Re hit by nat cat losses
Odyssey Re has announced that it expects after-tax net losses in the range of $26m to $29m during the first quarter of 2005 from a number of natural catastrophes.
Community Broking head steps down
David Worsley, executive chairman of the Community Broking Group is to step down, with Laurie Turnbull joining at non-executive chairman with immediate effect.
Groupama expands on-line Optima range
In a further enhancement of its electronic trading capabilities, Groupama Insurances has expanded its Optima product range with the launch of Optima Property.
Crawford wins Axa tender
Following a recent tender review, Axa has announced today that it has appointed Crawford & Company to handle all it’s subsidence related insurance claims, across both personal and commercial lines, as predicted in this week’s Post Magazine.
L&G sale complete
Legal and General has confirmed the sale of its 90% stake in Gresham Insurance to Barclays Bank has been completed.
Post Mag makes awards shortlist
Post Magazine and its award winning team of journalists have been shortlisted in a number of categories in the forthcoming Headline Money Awards.
Moody’s forecasts Lloyd’s profits
Moody's Investors Service's latest forecasts for the Lloyd's of London insurance market indicate that Lloyd's could record profits totaling around £6bn for the 2002 to 2005 years of account, with Lloyd's forecast to still be able to produce a meaningful…
Aon yields to political pressure group
Aon Corporation, one of the largest insurance companies in the world, has informed the Burma Campaign UK it is terminating all business in Burma.
Moody’s downgrades AIG rating
Moody's Investors Service has lowered its long-term senior debt ratings on American International Group to Aa1 from Aaa, and has placed the ratings on review for possible further downgrade.
JLT subsidiaries obtain capacity for US sectors
JLT Risk Solutions and Jardine Lloyd Thompson, part of Jardine Lloyd Thompson Group have announced t...
All change for Alea's executive line-up
Alea Group Holdings, the specialty insurer and reinsurer, has announced changes to its executive man...
Reports reveal a tsunami of natural catastrophes
2004 was a record year for natural catastrophes, although man-made, aviation and space events were relatively benign
Court finds for ACE
The ACE Group of Companies has announced that California Superior Court Judge James Warren has enter...
Change at the top affords Converium breathing space
Converium has taken a very public battering over the past year, following reserve strengthening and disastrous US results. But with new leadership, its fortunes may be starting to turn
Munich Re posts healthy profit
Munich Re has announced a return to profit for 2004, with all business segments contributing to the ...
AIG replaces Greenberg
AIG has announced that Maurice 'Hank' Greenberg has been replaced as the chief executive of the grou...
Imagine buys Danish Re
The Imagine Group has announced that its subsidiary Imagine Insurance Company has completed the acqu...
Markel International moves into Spain
International property and casualty insurer Markel International is planning to open for business in...
Masojada calls for action at IIL lunch
The present race for volume rather than technical pricing was singled out for criticism by Bronek Ma...
Max Re rejigs team
Max Re Capital has announced that its subsidiary Max Re has made a series of appointments in its rei...
ABI looks at financial advice proposals
The Association of British Insurers (ABI) has put forward what it describes as 'innovative' proposal...
Helphire forecasts profits of £14.3m
In advance of its year-end, Helphire has announced that trading in the last quarter of the financial year has been broadly in line with its expectations, despite motor claims being below usual levels for this time of year.
Insurance CEOs to take oath on reinsurance contracts
Acting superintendent of insurance Howard Mills has announced that the New York State Insurance Department will require insurers’ chief executives to swear under oath that: “all reinsurance contracts they enter into contain documentation as to the…
CMGL takes over management of Syndicate 991
CMGL Syndicate Management (CSML) has become the managing agent of Lloyd's Syndicate 991, A. E. Grant & Others.