Reinsurance
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.
SEC ends probe of AIG and executives
US regulators have closed an investigation of AIG and some of its executives over the insurer's near collapse in 2008 that led to a $182bn government bailout, according to newswire Reuters.
Willis Re opens Toronto office
Reinsurance broker appoints Robert M. Wildbore as office head for the fourth Canadian office.
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.
Interview - Stephanie Watkins: From speeding tickets to cricket wickets
Leigh Jackson talks to HSB UK's American chief executive officer and managing director of engineering insurance Stephanie Watkins about her past as a police officer in the US and her curious love for cricket.
Incisive Media scoops Biba awards
Post, Reinsurance, PB and Insurance Age journalists have won four awards and three “highly commended” accolades at the British Insurance Brokers’ Association’s 2010 journalist of the year awards.
Talbot appoints senior hull underwriter
Talbot Underwriting Ltd has appointment Mike MacColl as senior hull underwriter.
Former Lloyd's director Tolle joins Beazley
Rolf Tolle is to join the board of Beazley Furlonge, the Lloyd’s managing agency that forms part of Beazley, the company announced today. The appointment is subject to regulatory approval.
Canopius promotes four in Lloyd's
Canopius Group has announced a number of promotions following a review of its senior management organisation at its Lloyd's platform, Canopius Managing Agents.
Generali’s Sergio Balbinot elected new CEA vice-president
At the CEA’s general assembly held in London on 10 June, Sergio Balbinot, managing director of Generali, was elected vice-president of the federation.
Former Lloyd's director Tolle joins Beazley
Rolf Tolle is to join the board of Beazley Furlonge, the Lloyd’s managing agency that forms part of Beazley, the company announced today. The appointment is subject to regulatory approval.
Sign up now for the Prince's Trust Insurance Cup
Calling all insurers, brokers, reinsurers and suppliers - enroll a team now in the annual Prince's Trust Insurance Cup six-a-side competition which will be held at Regent's Park on the 16 September.
US west coast at risk of “mega-quake”
The west coast of North America, the Lesser Antilles, Chile, Sumatra and Japan are all at risk from subduction zone “mega-quakes” in the near future according to Professor Bill McGuire of the Aon Benfield UCL Hazard Research Centre.
Hiscox appoints Bermuda CFO
Hiscox has appointed Krystalle Tobin as CFO for its Bermuda business.