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Fraser to lead Cooper Gay’s professional risks claims team
Independent London market broker Cooper Gay has recruited Mike Fraser to head up its professional risks claims team.
16 August 2012
Lime-St.com operator TriSystems bought by Ebix
Atlanta-headquartered insurance software and e-commerce services specialist Ebix has acquired London market online insurance trading service provider TriSystems, the companies have announced.
16 August 2012
Weather losses cause Zurich profit dip
The rechristened Zurich Insurance Group's P&C unit posted a Q2 operating profit of $773mn, 3 percent ahead of analysts' consensus but down 7 percent year-on-year driven primarily by weather losses picked up via Farmers Re.
16 August 2012
Aviva downgraded by S&P on strategic plan execution fears
Standard & Poor's (S&P) has downgraded Aviva because of "significant risks and costs" associated with the UK-based insurance giant's delivery of its strategic plan.
16 August 2012
Kerner gets top Zurich general insurance job
Zurich Insurance Group's Mike Kerner has been named the new CEO of general insurance at the P&C giant, with a seat on its group executive committee.
16 August 2012
QBE Syndicate 386 ups profit outlook despite anaemic investment returns
The flagship Syndicate 386 for QBE's Lloyd's managing agent QBE Underwriting Ltd has released slightly increased profit forecasts for both the 2010 and 2011 underwriting years, despite being dampened by lower investment returns.
15 August 2012
Airline rates continue to fall
The airline insurance market has continued to shrink in 2012 as the industry's unusually benign loss record has a downward effect on rates, despite insurers underwriting more exposure risk.
15 August 2012
XL scoops Hiscox terrorism head Ashwell
XL Group has hired one of the most respected names in the niche terrorism market, Hiscox's Stephen Ashwell.
15 August 2012
Florida regulator says QBE force-placed rate drop too low
The Florida Office of Insurance Regulation has rejected the 2.2 percent rate decrease for force-placed insurance cover proposed by QBE subsidiary Praetorian.
15 August 2012
Gen Re-Ohio $72mn fraud settlement sent back to court
A $72mn settlement proposed in 2009 between General Re (Gen Re) and three Ohio pension funds over the notorious $500mn fraudulent finite reinsurance transaction with American International Group (AIG) has been remanded back to district court level.
15 August 2012
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