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Validus makes offer for IPC Holdings
Validus Re has offered $1.68bn for Bermudian counterpart IPC Holdings, the company said in a statement.
IPC shares jump on Validus offer
Shares in Bermudian (re)insurer IPC Holdings jumped 5% on the Nasdaq on Tuesday on news that its rival Validus had offered nearly $2bn for the company.
Validus makes offer for IPC Holdings
Validus Re has offered $1.68bn for Bermudian rival IPC Holdings, the company said in a statement.
Aviva downgraded by S&P
Standard & Poor's has lowered its long-term counterparty credit rating on Aviva to 'A' from 'A+'. At the same time, it affirmed the 'AA-' long-term counterparty credit and insurer financial strength ratings on Aviva's core insurance operating…
ABI frets over G20 summit
The Association of British Insurers (ABI) has warned that the future of London as a financial centre could be decided by this week's G20 Summit.
Co-op products for small businesses
The Co-operative Insurance has launched a new range of specially designed sector-specific, flexible packaged business insurance products.
China insurance sector had 'good start' to 2009
(BESTWIRE) - The China Insurance Regulatory Commission said it believes the country's insurance sector has a secure solvency level and achieved healthy development in the first two months of this year, despite the effects of the global financial crisis.
ABI warns on G20
The future of London as a financial centre could be decided by this week's G20 Summit. The Association of British Insurers is warning that the host city has the most to lose if any overly onerous regulatory framework is agreed on Thursday.
LFC Insurance refinances
Essex based commercial insurance broker LFC Insurance Group has recently refinanced with Macquarie Bank enabling it to move forward with its acquisition drive.
Fortis reports Euro 28bn loss although international GI arm is in the black
Fortis this morning reported that its insurance activities reported a total net profit of EUR 6m in 2008, including a negative impact from write-downs on the investment portfolio of EUR 639m net-of-tax.
Homeserve optimistic despite concerns over its property repair business
Homeserve has reported that its membership business has exceeded expectations ahead of its full year results, although its emergency services arm has been hit by lower volumes and a downturn in profitability.
Antur Insurance arranges new motor scheme with Arista
Welsh broker, Antur Insurance, is set to launch a new business motor scheme, underwritten by Arista Insurance.
Allianz Retail bolsters broker distribution team
Allianz Retail has grown its broker distribution team with the appointment of five new key account developers.
Antur Insurance secures exclusive brokerage for motor trade
Welsh broker Antur Insurance has secured an exclusive policy wording and premiums with commercial underwriters Arista Insurance, for the motor trade.
Co-op unveils commercial push
The Co-operative Insurance has today launched a new range of specially designed sector-specific, packaged business insurance products.
GI sector optimistic despite sharp fall in other business levels
The UK financial services sector has been hit by record drops in income levels while business volumes have continued to fall sharply, according to research by PricewaterhouseCooper.
Groupama appoints new manager
Groupama Insurances has appointed Louise Lock to the newly created role of learning and development manager. Ms Lock will be responsible for designing and delivering innovative and engaging learning solutions for managers and employees at all levels…
Former Lloyd's director Sutherland given new Middle Eastern role
The board of Qatar Insurance Services has announced the appointment of James Sutherland as chief executive officer.
Bupa – Age and disease a threat to business
By 2030, an ageing workforce and higher rates of chronic disease among employees will pose a serious threat to the productivity of British businesses, according to a new report from health and care company Bupa.
BLM re-elects senior partner
The partners at Berrymans Lace Mawer have re-elected Terry Renouf as their national senior partner for a second term until 31 March 2012.
AXA –UK consumers unprepared for future
Over two-thirds of the UK population admit to being underprepared when it comes to future financial protection a survey by AXA suggests.
Seizure of uninsured vehicles increases
Police are seizing more than 460 vehicles a day as the number of uninsured drivers continues to rise, new research has shown.
New guides from Unum
Unum has published two new guides to help intermediaries advise clients on their Group Risk benefits during the recession.