Regulation
HSBC head mourned
HSBC head of insurance Christen Schnor (pictured) was found dead in a London hotel room following a ...
The law of which land?
Rome II: Legal update
Appointment at Beazley
Beazley has appointed Anthony Hobkinson to head its specialty lines claims team focusing on professi...
Recession creates opportunities for risk
Changes to operational and security risks will bring about "seismic change" and opportunity for the ...
Feel the heat in Spain
Contingencies: Legal update
Allianz targeted in alleged crash scam
A total of 33 people have appeared in court in connection with a 'crash for cash' scam in which they...
Dispute resolution service aims to cut insurer legal costs by 75%
A new dispute resolution service is targeting the insurance industry claiming it can potentially sav...
Willis hires new head of continental Europe business
(Bestwire) Willis Group Holdings Ltd. has named Adam Garrard as the chief executive officer of its European continental business.
Reinsurer shift towards Europe from Bermuda predicted
Bermuda may continue to lose its favour amongst its domestic reinsurance companies in 2009, business advisory consultant Smart has said.
Lloyd's gets Guernsey licence
Lloyd's, the world's leading specialist insurer, has obtained a licence to write direct general insurance business in Guernsey.
Randall & Quilter makes acquisition
Randall & Quilter, the AIM traded insurance service provider and acquirer of solvent insurance companies in run-off, has acquired Bermuda-based accounting and management service firms Quest Management Services Limited, Quest (SAC) Limited and Sentry…
Law firm Stephenson Harwood makes new Asia hire
International law firm Stephenson Harwood has hired insurance specialist Steven Dewhurst, an insurance specialist, with contentious and non-contentious experience of advising insurers, reinsurers and insurance intermediaries. He joins from DLA Piper's…
Reinsurance market shows first signs of hardening
The (re)insurance market has shown its first signs of hardening, Reinsurance has learned.
Temple Insurance Company upgraded by AM Best
A.M. Best Co. has upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit rating to "aa-" from "a+" of Canadian insurer Temple Insurance Company. The outlook for both ratings has been revised to stable from…
Consolidation predicted for insurance market
Consolidation in the insurance market may gather pace as companies seek to manage their capital and other regulatory overheads, says an industry expert.
AM Best assigns ratings to Max Capital US insurance subsidiary
Ratings agency A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of "a-" to Bermudian (re)insurer Max Capital's US subsidiary Max America Insurance Company (MAIC) (South Bend, IN). The outlook for both…
XL downgraded by Moody's
Moody's has downgraded the senior debt rating of XL Capital to Baa2 from Baa1 and the insurance financial strength (IFS) ratings of XL's insurance and reinsurance operating subsidiaries to A2 from A1.
CEA opposes US affiliated reinsurance tax proposals
The CEA, the European insurance and reinsurance federation, has today set out its opposition to proposals to change the US tax treatment of related-party reinsurance with offshore entities in a letter to the US Senate Finance Committee and the Committee…
Congressman slams "stonewalling" AIG after CEO meeting cancelled
AIG chief executive Edward Liddy has asked for more time before meeting with US Representative Elijah Cummings, according to reports in America.
New ABI motor panel chairman appointed
Mark Underford assistant technical manager at Groupama Insurances has been appointed as the new chairman of the Association of British Insurers' motor group rating panel.
CII merger talks collapse
Merger talks between the Chartered Insurance Institute and its Australasian counterpart have been called off.
Coface launches rating service
Credit management company Coface is launching a financial rating service.
Torus Insurance in "selective acquisition"
Torus Insurance has entered into a strategic transaction with New Castle Re in Bermuda in which it acquires any rights to renewals and the potential to assume the unearned premium portfolio on a selected group of New Castle Re contracts.
Levene reappointed Lloyd's chair
Following his re-election to council, the Council of Lloyd's has reappointed Lord Levene as chairman of Lloyd's.