Reinsurance
Canopius confirms KGM talks
Canopius, the largest privately owned Lloyd's insurer, has confirmed it is in talks to acquire up-for-sale motor underwriter KGM.
Marsh appoints new property and casualty practice leaders
As part of its drive to grow its property, business interruption and casualty risk and insurance solutions Marsh has appointed Caroline Woolley as property practice leader, and Alain Petit-Lambotte as casualty practice leader, for Europe, the Middle East…
Marsh appoints new property and casualty practice leaders
As part of its drive to grow its property, business interruption and casualty risk and insurance solutions Marsh has appointed Caroline Woolley as property practice leader, and Alain Petit-Lambotte as casualty practice leader, for Europe, the Middle East…
Levene laments 2010, the year of "direct hits"
The chairman of Lloyd’s has described 2010 as the year of “direct hits”.
Canopius confirms KGM interest as Lloyd's deadline approaches
Canopius, the largest privately owned Lloyd's insurer, has confirmed it is in talks to acquire up- for-sale motor underwriter KGM, with the deal expected to be completed within a fortnight.
Levene laments 2010, the year of "direct hits"
The chairman of Lloyd’s has described 2010 as the year of “direct hits”.
BUDGET 2010: PwC: Budget delivers some positives
Pricewaterhouse Coopers claims the emergency budget has delivered a number of positives for the insurance industry.
BUDGET 2010: PwC: Budget delivers some positives
Pricewaterhouse Coopers claims the emergency budget has delivered a number of positives for the insurance industry.
AM Best downgrades BP captive
AM Best has downgraded the financial strength rating (FSR) of Jupiter Insurance (Guernsey) from A (Excellent) from A+ (Superior) and issuer credit rating (ICR) to “a” from “aa-”).
Dutch insurance giant to sell reinsurance business
Aegon has admitted it may sell its reinsurance arm as it looks to focus on core activities: life insurance, pension and asset management.
Willis opens new Eastern European base
Willis has received official approval from local authorities to open a representative office in Kazakhstan.
Dutch insurance giant to sell reinsurance business
Aegon has admitted it may sell its reinsurance arm as it looks to focus on core activities: life insurance, pension and asset management.
Willis opens new Eastern European base
Willis has received official approval from local authorities to open a representative office in Kazakhstan.
PI law changes offer opportunities for brokers claims expert
New laws making professional indemnity insurance obligatory for a wide range of professions, are leading to increased distribution opportunities for brokers.
PI law changes offer opportunities for brokers claims expert
New laws making professional indemnity insurance obligatory for a wide range of professions, are leading to increased distribution opportunities for brokers.
Reduced US collateral requirements to benefit reinsurers – Moody’s
While most counterparty security procedures are getting stricter, global reinsurers are poised to benefit from reduced collateral requirements, which will be credit positive for their bondholders, according to the ratings agency.
First hurricane of 2010 season forms
Hurricane Celia, the first hurricane of the 2010 Pacific season, formed in the eastern Pacific Ocean near Mexico on Sunday but headed away from land, the US National Hurricane Center said.
Argo poaches Roberts from Aon Benfield
Argo International has appointed Craig Roberts as class underwriter of its international treaty team following the departure of James Braddock.
China regulator aims to open more investment channels for insurers
The China Insurance Regulatory Commission (CRIC) is discussing loosening the investment channels of insurance companies, according to newswire the Xinhua News Agency.
XL Re becomes first Bermudan reinsurer to qualify as eligible in Florida
XL Re, the global reinsurance operations of XL Capital has announced that it has received approval from the Florida Office of Insurance Regulation (FIR) to qualify as an “Eligible Reinsurer” in Florida, pursuant to requirements set forth by the Florida…
UIB appoints group FD
Insurance broker UIB has appointed Keith Anderson to the UIB Holdings Group board as group finance director.
Reinsurer capital up 8% - Aon Benfield
Aon Benfield Aggregate (ABA) report from Aon Benfield Research team estimates that global reinsurer capital increased by 8% to $434bn, surpassing the record levels set in 2007 before the global financial crisis occurred.
US targets two insurers, banks, shipping and energy sector in new Iran sanctions
The US Treasury on Wednesday blacklisted more companies – putting them off limits to US businesses - including two insurers.
Argo International appoints class underwriter to lead accident & health team
Argo International, the specialist Lloyd’s insurer and subsidiary of Argo Group International Holdings, has announced the appointment of John Moffatt as Class Underwriter to lead its growing Accident and Health business.