Property
Max - Harbor Point merger won't lead to job losses - sources
The merger between Max Capital and Harbor Point won't lead to job losses in the Lloyd's market, market sources have told Reinsurance.
Harbor Point and Max Capital confirm merger
Bermudian reinsurers Max Capital and Harbor Point have confirmed their merger.
Scor in earnings surge
French reinsurer Scor reported a surge in earnings in the fourth quarter of the year.
Fitch: French windstorm losses material, but managable
Fitch does not expect losses from the catastrophe to result in a material capital erosion for the French insurance market. The agency expects that the rating actions due to the storm are likely to be limited.
AIG shares down 8% after reporting heavy losses
Shares in AIG were down 8% in mid-morning trade on the New York Stock Exchange after the beleagured insurer reported a net loss of $8.9bn in the fourth quarter of 2009.
QBE Europe profits dip on back of increased claims
The business reported a rise in incurred claims to A$2.01bn (2008: A$1.76bn), whilst its expenses reduced to A$426m (2008: A$483m).
Lloyds GI book hit by £156m rise in claims
The group saw its general insurance profit dip 32% in 2009 to £367m (2008: 537m) and overall insurance arm profit fall 34% to £1.2bn (2008: £1.54bn).
Lancashire net profits rise despite fall in premiums
Lancashire's net profits rose in the fourth quarter and in 2009 despite a fall in gross written premiums during the periods.
The Royal Hospital Haslar added to CBG portfolio
CBG Group has been appointed to provide a programme of insurance for The Royal Hospital Haslar.
RBSI profits slump by over £500m to £58m in 2009
CEO Paul Geddes described 2009 as "exceptionally challenging"
RSA bullish despite 10% fall in operating profit
CEO Andy Haste hails progress in emerging markets and international arms.
Axa MGA stance leads to 13% cut in volumes
Axa Insurance's strategy of lifting rates and exiting relationships with managing general agents has led to a 13% reduction in volume in its commercial lines book over the course of 2009.
Barrie & Hibbert seal Dexia Insurance ESG deal
Belgian company Dexia Insurance has appointed Barrie & Hibbert to provide an Economic Scenario Generator to assist in its Solvency II compliance and MCEV calculations.
FM Global to Commemorate 175th anniversary
Business property insurer FM Global is to host a year-long commemoration of its 175th anniversary in 2010.
Lloyd's broker expands overseas footprint with acquisition
Windsor has completed a deal for the minority interest in BGH Risk Solutions, a liability broker that operates in Canada, New Zealand and Australia.
Towergate boss Cullum hails John Charcol swoop as a "perfect fit"
"To have the leading high net worth mortgage broker in the group gives us a huge opportunity to provide mortgages to our high net worth customers and SME owners," he added.
UBS, Goldman said to get AIA IPO roles
Investment banking giants UBS and Goldman Sachs have been appointed joint bookrunners for the IPO of AIG's life unit, AIA, the Financial Times has reported.
Commercial landlords warned over environmental liability
Cowens claims they could face claims for damages and be subjected to action from regulatory bodies for failing to address environmental safety, even if it is a tenant who is at fault.
Select & Protect urges brokers to help homeowners cover gadgets
Select & Protect has urged brokers to help policyholders effectively cover their mobile phones, mp3 players and other gadgets under their household policies.
QBE appoints new Manchester property underwriter
QBE European Operations has appointed Simon Smith as property underwriter in its Manchester office.
Madeira floods cause extensive damage
Violent flooding on Portuguese holiday island kills at least 42 with reports of major damage to buildings and transport infrastructure
Madeira floods cause extensive damage
Violent flooding on Portuguese holiday island kills at least 42 with reports of major damage to buildings and transport infrastructure
Aegis enters reinsurance treaty market
Aegis London has entered the reinsurance treaty business with the appointment of Chris White as property treaty underwriter.
Aviva warns of the importance of having the right insurance
With the increase in empty shops on UK high streets, Aviva is warning property owners of the importance of having the right insurance in place in the event of crime and malicious damage.