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BGL group appoints director to lead new acquisitions team
The BGL Group has appointed a director to lead a new team within the business, to focus on potential market acquisitions.
Admiral expects increase in pre-tax profits
Admiral Group is expected to report an increase in pre-tax profits to between £193m and £202.5m for 2008.
Hartford downgraded by S&P
Standard & Poor's has lowered its counterparty credit rating on troubled US insurer Hartford Financial Services Group.
Gen Re in $72m settlement with Ohio Attorney General
General Reinsurance Corporation (Gen Re) has agreed to pay $72 million to settle investors' claims as part of the state of Ohio's securities litigation against insurance giant AIG.
HBoS and Lloyds TSB increase insurance profits
Halifax Bank of Scotland's general insurance profits increased to £365m compared to £232m the previous year, although the business as a whole made a £10.8bn loss.
Takaful institutions feeling 'less disruption' from global financial crisis - S&P
Gulf Islamic financial institutions (IFIs) and takaful companies are feeling the repercussions of the current global financial market disruption less than most of their conventional counterparts because Sharia law prohibits interest-based financial…
Hiscox makes management changes
Hiscox has said that Charles Dupplin, currently chairman of Hiscox's art and private client division and director of mergers and acquisitions, will succeed Rob Childs as chief executive of Hiscox Bermuda. Charles will take up this new role in April 2009,…
Helphire reports £59.3m loss
Helphire has reported a pre-tax loss of £59.3m (2007: £19.4m profit) for the six months ended 31 December 2008.
Hardy in £40.3m share placing
Hardy, the Lloyd's (re)insurer became the latest of its Lloyd's companies to raise money when it unveiled a £40.3m share placing on Friday.
AIG in "controlled break-up", says report
AIG is considering a break-up in an effort to keep it insured, according to a report in the Financial Times.
AIG strongly considering life insurance spin-off
AIG, the US insurer, is talking to staff about plans to spin off some of its life units if is not able to sell them, Reinsurance has learned.
AIG considering break-up - FT
AIG, the stricken US insurer, is considering a break-up in an effort to keep it insured, the Financial Times has reported .
Reinsurers wresting back initiative in 2009, says Cooper Gay
Reinsurers have begun 2009 determined to wrest back the initiative from a period of softening rates and savagely declining investment returns, according to (re)insurance broker Cooper Gay.
Lloyd’s opens Polish office
Lloyd's has opened its representative office in Poland, after securing a licence to write business last year.
Axa Corporate Solutions reports 8.2% growth in turnover in 2008
Axa Corporate Solutions recorded a 8.2% growth in turnover in 2008, reaching €1.954bn (£1.748bn), while underlying earnings were up by 16.8% at €113m (£101m).
Moneysupermarket grows insurance revenue by 38%
Moneysupermarket's insurance revenue increased by 38% to £77.7m in 2008 compared to £56.4m the previous year.
Axiom in acquisition talks with Charles Taylor
Charles Taylor Consulting is in talks to buy Axiom, the (re)insurance consultancy, the company said in a statement.
Chinese insurers report record premium growth in January
(BESTWIRE) - The China Insurance Regulatory Commission reported that, by the end of January, the country's insurance sector recorded year-on-year total original premium income of 114.76bn yuan ($16.77bn), up 8.62% from 105.65bn yuan in January 2007.
Hartford chief operating officer to retire
Tom Marra has said he will retire from the chief operating officer's position at US insurer The Hartford in July.
QBE net profit falls 3.5%
QBE Insurance Group has reported that its pre-tax profits have fallen 3.5% to $1.86bn for 2008 compared to the previous year.
Colombian construction insurance set to grow
Jardine Lloyd Thompson said it expects a 'large increase' in construction insurance requirements in Colombia.
MMA Insurance launches new motor trade product
Broker insurer MMA Insurance has launched a new product designed to offer smaller motor traders cover for their premises and liabilities.
MMA launches Internal Risks proposition
Broker insurer MMA Insurance has launched a new Motor Trade Internal Risks product. It has been developed following feedback from MMA's broker base and is designed to offer smaller motor traders cover for their premises and liabilities.