Articles by Insurance Post Staff
Moody's gloomy on Transatlantic Re
Moody's Investors Service has placed the Aa3 insurance financial strength rating of Transatlantic Reinsurance Company on review for possible downgrade, as well as the A3 rating on senior debt of Transatlantic Holdings, Inc. (NYSE: TRH).
AIG prices stake in Transatlantic Re
AIG has said that it has priced its underwritten public offering of 26m shares of US reinsurer Transatlantic Holdings, common stock owned by AIG and its subsidiary, American Home Assurance Company (AHAC), at $38 per share.
Max Capital, IPC sweeten deal
Bermudian (re)insurers Max Capital and IPC Holdings sweetened the terms of their merger on Thursday.
Canada Life introduces special terms for transferring business
Following AEGON Scottish Equitable's exit from the Group Risk Market, Canada Life Group Insurance has introduced special terms for intermediaries seeking to transfer business.
Open GI hires new development director
Richard Earle has been appointed as software development director at Open GI.
Aspen enters managed funds for ILS market
Aspen, the Bermudian (re)insurer, said that it has partnered with and invested $25m in Iris, a newly formed specialized investment fund focusing on insurance linked securities (ILS) and reinsurance globally.
The Hartford CEO to retire
The Hartford Financial Services Group, the troubled US insurer, said that its chairman and chief executive Ramani Ayer is to retire by the end of 2009.
Rates to rise for marine insurance - Aon
Ship owners are facing challenging negotiations at 2009/10 renewals as marine insurers seek rates increases on all classes of business. However, according to a report from Aon, abundant capacity means competitive forces will create a balancing act in the…
AFS wins Hastings contract
Hastings Direct has appointed All Fleet Services to run its out-of-hours first notification of loss.
Aviva: Accident scene information speeds claims process
Fleet drivers can speed up the insurance claims process if they gather information at the scene of an accident, Aviva has claimed.
Wates pilots Zurich and JLT's Subguard
The Wates Group is set to pilot Subguard, an insurance product which is widely used in the US, to give customers and the supply chain greater protection and security in response to challenging market conditions.
QBE unveils new PI product for the media
QBE has launched a new tailored professional indemnity product for media professionals in the UK and Ireland.
BDO lands Lloyd’s accountancy role
Lloyd's has appointed BDO Stoy Hayward as one of its recognised accountants.
Amlin acquisition "bemusing", say analysts
Management's "apparent stalling" over increasing the catastrophe side of the equation has made Amlin's €350m purchase of Fortis Corporate Insurance "somewhat bemusing", according to analysts.
Brit strengthens South-east team
Brit Insurance Holdings has appointed Paul Scott as regional manager of its South east region.
Ropner picks up pair from rival London market broker
Ropner Insurance Services has strengthened its non marine team with the appointment of David Pratt-Sinclair and James Sergeant.
Zurich and JLT team up for supply chain launch
The Wates Group is piloting the use of Subguard, an insurance product which is widely used in the US, to give customers and the supply chain greater protection and security in response to challenging market conditions.
Safe and secure?
Insurer Security
Italy motor model examined
The Association of British Insurers is looking to Europe for inspiration for a radical shake-up of t...
Aon warns of recession terror threats
Aon Crisis Management has warned a "new generation of terrorists" could be forming as a result of th...
The key to closure
Risk Manager Focus: Site closure
Zero claims settlements
Fraud investigation company Innovation Group has revealed that the number of zero settlements of cla...
Omega offer
Lloyd's insurer Omega is making an offer on behalf of Omega Dedicated, a wholly-owned subsidiary of ...
Stock answers
Legal Update: Discount rate