Insurer
Ambac increase in income but may file for bankruptcy
US credit insurer's results aided by $443.9m tax refund allowing the credit insurer to carry back 2008 and 2009 operating losses as far back as 2003
PMI handbook launched for IFAs
Private Medical Insurance publishers Craigdallie has published a PMI Handbook for professional advisers seeking information on the different PMI plans available in the UK market.
Jubilee raids Oval for A&H Underwriter
Jubilee has appointed Steve Green as Accident & Health underwriter at Jubilee Syndicate 5820.
CRM in quota share deal with Amtrust
Bermuda workers’ compensation (re)insurer CRM Holdings has entered into a quota share agreement with US specialty property casualty insurer AmTrust Financial Services
Allianz unveils new heads for Italy and Turkey in shake up
George Sartorel, currently CEO of Allianz Turkey, is poised to become new CEO of Allianz Italia.
Aviva outlines Asian direct motor plan
Aviva has outlined plans for its re-entry Singapore’s general insurance market and stated its intent on rolling out the business in key markets in Asia.
Allianz unveils new heads for Italy and Turkey in shake up
George Sartorel, currently CEO of Allianz Turkey, is poised to become new CEO of Allianz Italia.
Aviva outlines Asian direct motor plan
Aviva has outlined plans for its re-entry Singapore’s general insurance market and stated its intent on rolling out the business in key markets in Asia.
Former Hartford CEO gets $39.9m payout despite bailout
Ramani Ayer, whose stock and bond bets pushed the Hartford Financial Services Group into a US government bailout, will receive a pension payment of $39.9m in May.
Berkshire Hathaway to be sued after fraud accusations
Ex-manager of Warren Buffett’s RV business claims firing violated ethics
Sagicor revenue climbs to $1.2bn
The Sagicor Group of Companies reported total revenue for the year climbed to $1.2bn (£781m) from $1.1bn for the previous year. Premium revenue, net of reinsurance, grew by $130.9m or 18.4% to reach $842.9m.
Aviva seeks Asian GI re-entry
Aviva is to re-enter the Asian general insurance market five years after selling its non-life operations there, the company has confirmed to Reuters.
Sean Quinn admits insurer is losing "an absolute fortune" due to uncertainty
The founder of the Quinn Group has admitted his insurance company is "losing an absolute fortune" in administration, with revenue dropping by as much as 80%.
Quinn UK ban to remain after Regulator given dossier on operation
The ban on Quinn Insurance from trading in the United Kingdom is not expected to be lifted today, according to reports in the Irish media.
Report says Quinn may have failed to reserve properly for claims
The Financial Regulator may refer breaches of insurance regulations uncovered in its investigation into Quinn Insurance to the office of the Director of Corporate Enforcement and the Garda Síochána. according to reports.
Aviva seeks Asian GI re-entry
Aviva is to re-enter the Asian general insurance market five years after selling its non-life operations there, the company has confirmed to Reuters.
Sean Quinn admits insurer is losing "an absolute fortune" due to uncertainty
The founder of the Quinn Group has admitted his insurance company is "losing an absolute fortune" in administration, with revenue dropping by as much as 80%.
Quinn UK ban to remain after Regulator given dossier on operation
The ban on Quinn Insurance from trading in the United Kingdom is not expected to be lifted today, according to reports in the Irish media.
Report says Quinn may have failed to reserve properly for claims
The Financial Regulator may refer breaches of insurance regulations uncovered in its investigation into Quinn Insurance to the office of the Director of Corporate Enforcement and the Garda Síochána. according to reports.
Novae predicts $10-15m earthquake loss
Lloyd's insurer Novae Group today announced initial estimates of losses from the Chilean earthquake and from Windstorm Xynthia.
DAS unveils new post-MoJ ATE insurance scheme
DAS’ after the event legal insurance arm 80e has unveiled a new version of its ATE scheme incorporating provisions for the new Ministry of Justice road traffic accident personal injury claims protocol.
Swiftcover to create 350 new jobs
Online motor insurer Swiftcover is building a new multi-million pound operations centre in Stockton, Teesside, bringing an expected 350 extra jobs to the area over the next three years.
Groupama and Riskstop in one stop risk management service for SMEs
Groupama Insurances has appointed risk management survey provider, Riskstop to provide their commercial policyholders with an end to end risk management solution - from initial risk management surveys through to ensuring the requirements identified are…
APC continues growth drive with ex-NIG hire
Ex-NIG senior underwriter, Chris Page, has been hired in the same role at APC.