Insurance Post Staff

Personal

Plantec takes on new office in expansion drive

Claims management specialist Plantec Holdings leased a new office premises nearby to its Southport head quarters to house its accident investigation arm First Legal Support.

26 Mar 2009

Personal

AIG boss speaks of bad blood and betrayal as he resigns

Jake DeSantis, an executive vice president of AIG's beleaguered financial products unit, has spoken about being betrayed by the American insurance giant and its management.

26 Mar 2009

Reinsurance

Bolt to replace Rolfe Tolle at Lloyd's

Lloyd's has announced that Tom Bolt will take over from Rolf Tolle as underwriting performance director.

26 Mar 2009

Reinsurance

Lloyd's appoints new franchise performance director

Lloyd's has appointed Tom Bolt as its new underwriting performance director.

26 Mar 2009

XL Insurance appoints new global programs head

XL Insurance, the global insurance operations of Bermudian (re)insurer XL Capital said it has appointed Tony Cabot as director of global programs.

26 Mar 2009

Commercial

Weakening yen sends Japanese renewal rates up 7-10% - sources

Reinsurance renewal prices in the all-important 1st April renewal season in Japan are seen to be up 7-10%, market sources have told Reinsurance.

26 Mar 2009

Mondial secures deal with luxury tour operator

Mondial Assistance in the UK has been chosen to provide a bespoke travel and assistance package to Travel Counsellors.

26 Mar 2009

AIG Financial Products senior exec resigns

(BESTWIRE) - A senior executive at American International Group's Financial Products division issued a public resignation in which he said that he and other employees have been "betrayed by AIG and are being unfairly persecuted by elected officials."

26 Mar 2009

Regulation

Allied World starts Hong Kong office with raft of AIG hires

Allied World, the Bermudian (re)insurer, has opened a brnach office in Hong Kong.

26 Mar 2009

Zenith Insurance appoint new CEO

Zenith Insurance has appointed Peter Austin as its new chief executive replacing interim boss Derek Wiley.

26 Mar 2009

Aon aviation duo move to rival

Colemont Insurance Brokers has appointed Phil Stafford as director and David Wilkie as associate director of the company's London-based aviation division. Both move from Aon.

26 Mar 2009

Regulation

CII admits "caution" in 2009 after 7% jump in revenue

The Chartered Insurance Institute has reported a 7% growth in revenue to £30.3m (2007: £28.4m) and a 2% rise in membership to over 93 000 members in 2008. Operating surplus was £0.8m (2007: £0.6m) and the net surplus, after investment returns and…

26 Mar 2009

Commercial

Catlin unveils results of rights issue

Catlin Group has announced that under the terms of a 2 for 5 rights issue announced on 12 February 2009, valid acceptances have been received in respect of 98.68 per cent of the total number of new common shares offered to shareholders.