Insurer
Platinum Re estimates Gustav, Ike losses at $105m
Platinum Underwriters Holdings, the Bermuda-based (re)insurer, said that Hurricanes Gustav and Ike may cost it $105m net of reinstatement premiums and tax benefit.
Ex Zurich boss Winlow joins KPMG
KPMG has appointed Mark Winlow as partner with responsibility for driving the expansion of KPMG’s performance business in general insurance on a pan-European basis.
Congregational and Hiscox join forces
Congregational and General Insurance and Hiscox have reached agreement to enter into a strategic partnership.
Bruce Willis set to become the face of Aviva
Actors Bruce Willis, model Elle McPherson and actress Michelle Yeoh are expected to become the faces of Aviva.
AIG appeases UK brokers
AIG UK has issued a statement to UK brokers assuring them its ability to pay claims remains “undiminished”, in a bid to pacify wavering confidence within the market.
Hiscox upgraded despite 'unsettled times'
Rating agency AM Best has upgraded Hiscox to A from A-. The rating covers Hiscox Bermuda, Hiscox UK and Hiscox Guernsey.
UK insurance giant reveals AIG hit
Norwich Union has become one of the first major UK's insurers to reveal its exposure to AIG.
Aviva reveals debt exposure to Lehman Brothers
Aviva’s total debt exposure to Lehman Brothers was £270m at face value at close of business on 15 September 2008, the company has announced.
Bruce to quit Groupama for broker MD role
Groupama Insurances has confirmed that Cathie Bruce, distribution and customer service director at Groupama Insurances, is to take up a new position as managing director of Choice Quote Insurance Services, the specialist broking subsidiary that was…
AIG plunges 45% in early trading on Federal Reserve reports
Shares in AIG plunged 45% in early trading in New York on worries that the insurance behemoth might turn to the US Federal Reserve Bank for $40bn worth of backing in an effort to stave off the 'double whammy' of a liquidity crisis and a possible credit…
The Withers Group expands into the north
The Withers Group has opened a new office in Warrington, Lancashire, servicing insurance and construction clients from the Midlands to Scotland.
PB Week: Bridget, Peter and Martin
There has been plenty of late August and early September activity in the insurance market (and of course the football transfer market) and many will be returning from holiday catching up with the news, some shaking their heads in disbelief, writes Andrew…
Bridget McIntyre leaves RSA
Bridget McIntyre is stepping down as UK chief executive officer of RSA.
Hardy not part of takeover talks - CEO
Although there has been a speight of recent takeovers of Lloyd’s (re)insurers by Bermudian companies, Hardy hasn’t been part of any talks, chief executive Barbara Merry said in an interview.
Groupama CEO dismisses commercial rate rise talk as hot air
The chief executive of Groupama has criticised the market for talking up commercial rates rises but doing nothing about it. François-Xavier Boisseau's comments came as Groupama Insurances reported a UK post tax profit of £15.0m to the end of Q2 2008 …
Pick of the week
Provident draws up new toba; Ecclesiastical cultivates reinsurance deal; Zurich targets broker with charity offerings; and Fortis lands £20m Toyota deal
Viewer successfully challenges Churchill ad
Churchill Insurance has been ordered to pull a “misleading” TV advert after a viewer successfully ‘challenged Churchill’.
Allianz reports £94m in pre-tax profits
Chief executive officer of Allianz, Andrew Torrance, says the underlying profitability of the business the insurer is writing is “unsatisfactory”.
Former RBSI head joins Towergate broking arm
Towergate has appointed Jim Donaldson in a new senior operations role in the Towergate broking division.
Goodwin says RBSI sale could be weeks away
The chief executive of Royal Bank of Scotland says a number of parties are interested in the bank’s insurance arm but that a deal will not be struck unless an “acceptable” price is agreed.