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RFIB restructures after bad debt weighs on 2011 results
London-headquartered (re)insurance broker RFIB has initiated steps to overhaul its underperforming business after its 2011 results were weighed down by the discovery of £1.5mn of bad debt
10 January 2012
Hyperion confirms Windsor talks
Insurance distribution group Hyperion has confirmed that it is in talks regarding on offer it has made for independent broker Windsor, as revealed by The Insurance Insider yesterday (9 January)
10 January 2012
Florida Citizens CEO to stand down
The president and CEO of state-backed Floridian insurer Citizens Property Insurance will step down in April this year.
10 January 2012
Kane replaces May with new CEO
Insurance manager Kane has appointed a new CEO to replace founding head Stephen May, who left the firm last year
10 January 2012
IAG to pass fresh loss to reinsurers
Insurance Australia Group (IAG) has proved again to be the "gift" that keeps on giving to reinsurers, with a further hit to its 2011 reinsurance cat programme likely.
10 January 2012
A- rated Third Point Re begins underwriting at 1 Jan
Start-up reinsurer Third Point Re won its targeted A- financial strength rating from rating agency AM Best and was underwriting risks incepting at 1 January 2012.
10 January 2012
FSB vice-chairman steps down after wife profits on currency trades
The vice-chairman of the Financial Stability Board (FSB) has resigned from his position following a furore involving a foreign exchange trade made by his wife.
09 January 2012
AM Best predicts demand-led turn; reinsurance outlook stable
Ratings agency AM Best has maintained a stable outlook on the reinsurance sector citing strong capitalisation and signs of a demand-led market turn.
09 January 2012
Hyperion in advanced takeover talks with Windsor
Insurance distribution group Hyperion is conducting due diligence on independent broking house Windsor Ltd as it continues its march towards an IPO later this year, The Insurance Insider can reveal
09 January 2012
Amlin in nuclear challenge as $200mn Lloyd’s-backed MGA launches
The nuclear market is set for a shake-up with the launch of a new agency backed by $200mn capacity from Lloyd's (re)insurer Amlin and other Lloyd's security.
09 January 2012
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