News
Glencairn opens for business in Moscow
Glencairn Group has announced the opening of its Moscow office.
RI3K and Xchanging launch FELIX
RI3K and Xchanging have introduced a new joint project called FELIX – the Framework for the Electronic London Insurance eXchange.
Towergate strikes deal with Zurich
The Towergate Partnership has acquired the Zurich Home Insurance portfolio from Network Data.
Groupama Healthcare completes reorganisation
Groupama Healthcare will successfully complete the reorganisation of its UK healthcare business by the end of May, the insurer said as it concluded the final phase of its integration with Clinicare.
Heath backs MS travel insurance breakthrough
Multiple Sclerosis Society Insurance Services, which is backed by Heath Lambert, has expanded its insurance offering.
Oval makes high profile appointment
Broking consolidator Oval has appointed as its new group finance director Simon Shaw, who joins from Provident Financial, the credit and insurance company.
Alea to sell off ANASIC
Alea Group Holdings (Bermuda) has announced that its subsidiary Alea North America Insurance Company has entered into an agreement to sell its Delaware excess and surplus lines carrier, Alea North America Specialty Insurance Company ("ANASIC") to…
Former Marsh boss returns with Forbes
Broker Alexander Forbes has appointed Mike Hammond as deputy chairman of International Risk Services.
Fitch keeps Sompo on rating watch positive
Fitch Ratings has said that the 'AA-' (AA minus) Insurer Financial Strength rating of Sompo Japan Insurance remained on Rating Watch Positive despite the announcement by Japan's Financial Services Agency (FSA) yesterday ordering Sompo Japan to suspend a…
HSBC sponsors Grace Spitfire airplane
HSBC Insurance Brokers will provide insurance to the famous Grace Spitfire World War II fighter airplane.
Sullivan appointed non-exec chairman of Transatlantic Holdings
Transatlantic Holdings, parent companuy of Transatlantic Re, has elected AIG President and CEO, Martin Sullivan its non-executive Chairman. AIG owns approximately 60 percent of TRH's common stock.
Quanta places bulk of specialty lines into run-off
Quanta Capital Holdings has announced that it has decided to cease underwriting or seeking new business and to place most of its remaining specialty insurance and reinsurance lines into what it described as “orderly” run-off.
Montpelier Re announces share deal
Montpelier Re Holdings has announced that WL Ross & Co. LLC has agreed to make a $100m investment in Montpelier through a private sale of 6,896,552 common shares at a price of $14.50 per common share.
Lloyd's syndicates tempt fate with AGM reports
Three Lloyd's insurers have issued AGM statements that confirm the very positive trading conditions for the market so far in 2006, according to analysts Keefe Bruyette and Woods. But it warned that the full year outcome, of course, hangs much on how hard…
Lord Hunt appointed chairman of legal services bill committee
Lord Hunt of Wirral, chairman of the financial services division at national commercial law firm Beachcroft, has been appointed chairman of a joint committee of the House of Lords and House of Commons formed to consider and report on the draft Legal…
Carnegie-Brown quits Marsh
Bruce Carnegie-Brown, broker Marsh's Europe and Middle East chief executive, has resigned from the company.
Amlin AGM statement on current trading
Amlin Group's gross written premium in the four months ended 30 April 2006 was £647 million, up 25% over the same period in 2005.
Lloyd's insurer admits decreasing volume in some lines
Lloyd's insurer Chaucer today forecast an overall increase in premium rates for 2006.
Windsor acquires minority interests in Argonaut
Windsor has acquired all of the outstanding minority interests in Argonaut Indemnity comprising 1,000 ordinary shares of £1 each, being 45% of Argonaut’s issued share capital, formerly held by Argonaut’s founders, Neil Pearce and certain colleagues.
Jelf boss hails start to 2006
Broker Jelf this morning reported turnover up 53% to £7.5m (2005: £4.9m) for the first three months of 2006.
Whittington sale finalised
Regulators have granted full approval for the ultimate changes of ownership and control for Group insurance companies resulting from the de-merger of the insurance division of Omni Whittington Group and its sale to Whittington Group. As a result, the…
Staff sickies fall by four million
The number of sick days lost through absence fell by four million last year, according to a survey o...
Winners and losers
Post Magazine's monthly round-up of job cuts and gains
Insurance recruiter on expansion drive
Insurance recruitment consultancy Darwin Rhodes has increased its UK staff numbers by 40% since Janu...