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  • Lonmar Global Risks has settled with fellow London independent Tysers for court costs arising from a staff poaching trial that ended with all claims being dismissed, The Insurance Insider revealed.
  • Buyers of industry loss warranty (ILW) instruments are seeking more risky exposure to European wind to provide balance to the run of low-risk new cat bonds that have been issued in recent months.
  • Mariah Re, the first cat bond to focus solely on US thunderstorm risk, has closed fully placed, raising $100mn for new sponsor American Family Mutual Insurance.
  • Willis UK head David Margrett will take up the role of president and chief operating officer of Willis Global in addition to his existing responsibilities, The Insurance Insider has learnt.
  • Howden Broking Group has agreed a partnership with Mexican consultancy Financial Lines Advisory Group (Flag) to develop a range of financial lines products for the Latin American market.
  • Growth in the Middle East is back on track after the 2008-09 construction slump hit the region's nascent insurance industry.
  • The UK and western Europe face another cold winter but it will not be as severe as last year's "white-out" that left authorities scrambling to keep transport links open amid salt shortages, according to forecaster WSI (Weather Services International).
  • Aspen Insurance UK has received regulatory approval to start underwriting from a Zurich branch as an admitted direct insurer.
  • Injury-related costs from a mining explosion in New Zealand are unlikely to impact the international insurance industry, as accident cover is provided by a national compensation scheme.
  • Despite keen investor interest ignited by recent M&A activity, a combination of weak prospective underwriting margins and a perceived lack of capital efficiency will help keep overall equity valuations low in the (re)insurance sector, delegates at an Insurance Insider London One Hundred roundtable heard last week.