Insurer

Finsure appoints new boss

NIG's premium finance subsidiary, Finsure has appointed Trevor Brittain as managing director.

Sabre Insurance founder honoured at CII

In celebration of his 75th birthday, a Sabre Insurance Company stained glass window was unveiled by Sabre’s founding chairman Alan Turner in the museum of the Insurance Hall in Aldermanbury.

Moody’s eyes possible American Re upgrade

Moody's has placed the A2 insurance financial strength rating of American Re-Insurance Company and the A3 senior debt rating of American Re Corporation on review for possible upgrade.

Fitch downgrades Munich Re

Fitch Ratings has downgraded Munich Reinsurance Company's Insurer Financial Strength (IFS) and Long term ratings to 'AA-' (AA minus) from 'AA'.

Hiscox announces US expansion and new president

Hiscox has announced the appointment of Ed Donnelly in the newly-created position of president of Hiscox USA.  Mr Donnelly will report to the director of underwriting, Robert Childs, and be based in Armonk, New York. 

Creechurch swipes Limit marine team

Lloyd's managing agent Creechurch Underwriting has appointed marine and energy underwriters Stephen Gargrave and Steve Warren to its syndicate 1607.

Hiscox opens broker roadshows

Hiscox brokers across the UK will this week take part in a series of road shows staged by the specialist insurer.

Allianz Cornhill 1st quarter profits rise despite falling volume

Allianz Cornhill this morning reported operating profts of £50.2m (2004: £46.5m) for the first quarter of 2005, while its gross general business income fell to £434m (2004 £463.7m). The insurer’s combined ratio improved to 94.7% (92.2%).

Steve McGill to head up Aon business

Aon has appointed Steve McGill, former JLT CEO, as CEO of a new global large corporate business unit aimed at the largest global corporations.

RSA: McIntyre in as Boyle goes

Royal & Sun Alliance has today confirmed that Bridget McIntyre will become UK chief executive and a main board director subject to regulatory approval. Her appointment follows UK chief executive Duncan Boyle's decision to retire from RSA after 32 years…

Aviva receives 56.8% issued share capital of RAC

Aviva has announced that it has received valid acceptances to a total of 67,495,276 RAC ordinary shares representing approximately 56.8% of the issued ordinary share capital of RAC.

Willis looks to the East

Willis Group Holdings has announced that it has acquired the remaining 30% of the shares it did not already own of Willis Polska, its Polish subsidiary.

US asbestos bill faces committee battle

The authors of a US bill to compensate asbestos victims have said that they are confident it would attract enough support to advance to the Senate floor and beyond, despite opposition in both parties.

Legal services reform backed by RAC

Motoring giant RAC today welcomed the statement by Lord Falconer, The Lord Chancellor, committing the Government to reforming the legal industry, following publication of Sir David Clementi's review last December.

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