Regulation
MGIC enters into $50bn reinsurance agreement with HCC affiliate
Mortgage Guaranty Insurance Corporation (MGIC), has acquired up to $50bn of reinsurance from an affiliate of HCC Insurance Holdings, the company said in a statement.
CII manager appointed MBE
Peter Hutchinson, special projects manager at the Chartered Insurance Institute, has been appointed an MBE in the 2008 Queen’s Birthday Honours List for services to the insurance industry and to charity.
Marsh appoints risk management head
Marsh has appointed George Davies to be head of its risk management practice in the UK.
JLT Re announces HWS purchase, excluding Harman Kemp US arm
As revealed by Reinsurance magazine on 21st May , broker JLT has acquired HWS Holdings, with two of it two Lloyd’s Broker subsidiaries Harman Wicks & Swayne, the London based reinsurance broker, and Harman Wicks & Swayne International.
JLT in £8.75m Lloyd's broker swoop
Jardine Lloyd Thompson has acquired HWS Holdings, with its two Lloyd’s Broker subsidiaries Harman Wicks and Swayne, the London based reinsurance broker and Harman Wicks and Swayne International, a wholesale provider of small to medium sized enterprise…
CEA elects new president
Tommy Persson has been elected president of the CEA, the European insurance and reinsurance federation, at the federation’s general assembly in Berlin today.
Marsh warns about rising PI claims
Marsh has warned that the economic downturn in the US and many parts of Europe will increase the incidence of professional liability claims against law firms during the next 12 months.
Fitch affirms Bupa's outlook
Fitch Ratings has affirmed Bupa Insurance's insurer financial strength rating at 'A+' and long-term issuer default rating at 'A'.
Industry voices unite but warn of barriers
The Financial Services Authority, the European Insurance and Reinsurance Federation (CEA) and Peter ...
Appointment at Heath Lambert Consulting
Heath Lambert Consulting, part of Heath Lambert Group, has recruited two actuaries. Nigel Bankhead h...
A death trap
Inquests
IAG firms' fates decided by month end
Insurance Australia Group will decide the future of two of its companies - broker Hastings and its G...
Long-tail tally
Risk Report
Appointment at Gallagher London
Matthew Pike has been promoted to managing director of Gallagher London. Mr Pike joined Arthur J Gal...
A good day to comply
Risk Report
CEA blasts EC meddling
Risk Report
Maximise profitability
Post Training is offering a course to provide delegates with the ability to maximise businesses prof...
Marsh establishes insurance regulatory and tax consulting practice
Marsh has established an insurance regulatory and tax consulting practice within the firm’s global risk management division. The new practice will be led by Praveen Sharma.
Amlin named as lead, UIB broker for crashed Sudanese flight - sources
Amlin has been named as the lead insurer for the Sudan Airways flight which exploded after landing at Khartoum Airport last night, Reinsurance understands.
Phillippines reinsurer eyes tie-up with Singapore counterpart
(BESTWIRE) National Reinsurance Corp. of the Philippines, the country's only reinsurer, said it took a step toward a regional tie-up with a Singapore company in a bid to expand in the Pacific region.
Insured losses from late-May US storms $850m - ISO
(BestWire) — Insured losses are expected to reach $850m from late-May storms that hit seven Midwest states, according to the Insurance Services Office.
XLCA and XLFA downgraded three notches to BBB-
Ratings agency Standard & Poor's (S&P) has lowered its financial strength ratings on XL Capital Assurance (XLCA) and XL Financial Assurance Ltd. (XLFA) to 'BBB-' from 'A-'. S&P said the ratings remain on credit watch with negative implications
First Title provides title insurance to Pinnacle
First Title Insurance has provided title insurance to developer and operator of warehouses in Central and Eastern Europe Pinnacle Real Estate.
Standalone PPI the answer says Paymentcare
Concerns borrowers will be put at risk by the Competition Commission’s proposed changes to the payment protection insurance market would be completely unfounded if consumers were made more aware of the standalone alternative to lenders’ own PPI,…