Insurer
Groupama appoints new distribution director
Groupama Insurances has promoted Cathie Bruce to the role of distribution and customer service director, replacing the vacant posaition left when Amanda Blanc resigned this year to join Towergate.
Hearn new CEO of Willis Re
Willis Group Holdings has announced that Peter Hearn has been promoted to chief executive of Willis Re, where he will oversee the unit's global efforts. Grahame Millwater, previously chairman and chief executive of Willis Re, remains as chairman.
Catlin sees 28% increase for loss-affected business, modest slide elsewhere
In an AGM statement Bermudian (re)insurer Catlin Group conformed the divergent (re)insurance market, reporting a weighted average premium increase of 28% for hurricane-affected areas, but a 1% premium discount for other areas.
Credit insurer opens London Market business
Credit insurer Coface UK has created a new London Markets team to co-ordinate the promotion of its range of products to brokers and specialist financial institutions dealing within the London market.
Jelf makes acquisition
Bristol-based broker Jelf has announced the acquisition of Oxfordshire-based Insurance Brokers Cherwell Insurance Management.
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.
Carnegie-Brown quits Marsh
Bruce Carnegie-Brown, broker Marsh's Europe and Middle East chief executive, has resigned from the company.
Donner joins RenRe as new CFO
RenaissanceRe Holdings has announced that Fred R. Donner is joining the company as executive vice president and chief financial officer. He succeeds John M. Lummis who is retiring from the company effective June 30, 2006.
NFU Mutual to redeploy staff after selling broker arm to Towergate
NFU Mutual today confirmed the sale of Country Mutual Insurance Brokers to the Towergate Partnership.
Magnificent seven honoured
The Chartered Insurance Institute has granted seven industry figures Honorary Fellowships for "outst...
Levene and Woodburn bestowed highest CII honour
The Chartered Insurance Institute has announced that it has recognised the outstanding contribution of seven individuals to the insurance and financial services industry by granting them Honorary Fellowship (Hon. FCII) of the Institute.
Willis first quarter revenues fall 5%
Willis Group Holdings today reported results for the quarter ended March 31, 2006.
Winners and losers
Post Magazine's monthly round-up of job cuts and gains
Hiscox in £10m marketing push
Hiscox has today unveiled the details of its £10m marketing campaign, including a viewing of its first television advertisement.
Sigma opens Midlands office
Sigma Claims Solutions has opened its Midlands office in Stafford.
Lloyd's to open Shanghai company
Lloyd’s is to set up its new Chinese onshore reinsurance operation in Shanghai, it was announced today.
Argent acquired
Lark Group has acquired Argent Insurance Brokers, an intermediary based in Sandhurst, Berkshire.
Machell takes on dual role as NU's Hodges moves to life business
Norwich Union has changed its senior management team following the decision of Gary Withers, chief executive, Norwich Union Life (NUL), to leave the company.
Willis appoints internal legal adviser
Willis Group Holdings has appointed Eric Dinallo as general counsel. He will also join Willis’ partners group, the company’s top management committee.
AM Best claims US insurers narrow funding gap for reserves
US property/casualty insurers narrowed the funding gap in their asbestos and environmental loss reserves during 2004, principally for asbestos liabilities, as a result of 2004¡¦s pretax charge of nearly $6bn, according to a special report published by AM…
Aviva pulls Pru offer
Aviva has withdrawn its merger proposal due to Prudential’s lack of interest.
Allianz Cornhill profits fall & combined ratio rises
Allianz Cornhill's 2005 profits fell to £206.4m (2004: £210.6m) while its combined ratio rose to 94.9% (2004: 94%), its financial results reported.
RSA combined ratio likely to rise says Analyst
Analyst Keefe Bruyette and Woods said it expects a limited deterioration in Royal & Sun Alliance's combined ratio to 95.2% from the fourth quarter when it reports its full year results on Thursday morning.
Cobra tops 90 brokers
Cobra Network, the independent network of commercial insurance brokers, today announced that membership has risen to ninety brokers following successful applications from PW White & Partners, based in Amersham, Buckinghamshire and Steele Insurance…