Articles by Insurance Post Staff
Novae rules out Zurich, Dublin or Bermuda move for now
Lloyd's insurer Novae has reported a profit before tax: £40.2m for 2008 despite a estimated $40m loss from Hurricanes Gustav and Ike (net of reinsurance and reinstatement premiums).
XL chairman to stand down
Brian O'Hara, chairman of XL Capital and the Bermudian (re)insurer's former president and chief executive, has said that he is to retire from the board of the company.
Groupama steps up battle against motor fraud
Groupama Insurances has stepped up its counter-fraud activity with an investment in fraud prevention software solution Hunter.
Building collapse contains insured archives worth €400m - Guy Carpenter
Guy Carpenter said that a six-storey building that stored archive material which collapsed in Cologne is housing archived material insured for around €400m, Guy Carpenter has said.
Aviva shares in freefall after monster loss
Aviva shares lost more than a quarter of their value in the first three hours of trading on the London Stock Exchange after the insurer reported a net loss for 2008 of £885m.
Fortis appoints non-executive directors
Fortis has appointed Julian Hance and Mike Urmston as independent non-executive directors.
Ironshore Bermuda appoints new boss
Ironshore Bermuda has appointed Mitch Blaser as its new chief executive officer.
Junction hires new relationship managers
Affinity specialist Junction has appointed four new relationship managers.
Hartford in talks to sell life insurance business - report
The Hartford, the embattled US insurer, is in talks to sell its life insurance business, the Wall Street Journal has reported.
Giles strengthens board
Giles Insurance Brokers has appointed four new board members. Howard Pearson, retail managing director, and Mark Addis, wholesaling managing director, join the board subject to regulatory approval.
Aviva reports 4% rise in pre-tax profit
Aviva has reported that pre-tax operating profits rose to £2.97bn in 2008 compared to the previous year (2007: £2.216bn). However, it reported a net loss of £885m (2007: £1.498bn profit).
Former senior Gen Re exec given jail sentence
(BestWire) - The third of five former insurance executives found guilty about a year ago of securities fraud in connection with a sham reinsurance deal has been sentenced to serve time in federal prison.
XL Re appoints senior aviation underwriter
XL Re, the global reinsurance operations of XL Capital Ltd (NYSE: XL), today announced the appointment of Patrick Cove as senior aviation underwriter responsible for XL Re Europe Limited's global aviation practice.
Brazilian regulator cuts 2009 premium growth forecast
Brazilian regulator Susep has cut its 2009 premium forecast to 4.8%, according to the most recent quarterly report on the industry, BNAmericas has reported .
Ironshore Bermuda appoints new CEO
Bermudian insurer Ironshore has appointed Mitch Blaser as chief executive of Ironshore Bermuda. Mitch has been with Ironshore since the company's launch in January 2007.
Expensive team movement will continue despite industry worry
Moving whole teams from company to company is a costly business that can rack up bills of more than ...
Lloyd's in Polish push
Lloyd's has opened a representative office in Poland. The Warsaw office will be run by Lloyd's Polis...
Insurer liability remains unclear after Asbestos test cases
Insurers remain unable to determine damages after four asbestos test cases failed to provide a formu...
Appointment at Beazley Group
Beazley Group has appointed Thomas Reagan as an underwriter. In his new role he will help Beazley'...
£59.3m loss for Helphire
Helphire is renegotiating its banking covenants having reported a pre-tax loss of £59.3m (2007: £19....
Penny Black's insurance week
It appears that bankers and the City-types are not the only ones to worry about redundancies. Clea...
D&O costs rise 50%
Directors' and officers' liability insurance costs for the Standard & Poors' financials sector incre...
Police societies' merger
Police Mutual and Metropolitan Police Friendly Society are to consult with members about a possible ...
Discouraging the growing impulse to sue
A few weeks ago a plane ditched into the Hudson River in New York. The story that emerged created a ...