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Opinion divided on hardening market at Fitch event
Fitch Ratings group managing director Keith Buckley has said the (re)insurance industry is currently a "dicey environment", warning "not to be scared as to what happens to this industry is to not be paying attention".
27 October 2008
AIG faces race against time as asset sale stalls
Shares in beleaguered American International Group (AIG) plummeted a further 18 percent in early trading today as fears grow that the company may be running out of time to sell assets to pay off its mounting government debt burden.
27 October 2008
Aon appoints new chief risk officer
UK broking giant Aon Limited has appointed Pauline Colving to be UK chief risk officer.
27 October 2008
Hiscox ties up with AEGIS on cyber risk
Hiscox has teamed up with AEGIS in a strategic partnership that will allow the Lloyd's insurer to offer its privacy protection product to the Bermuda-based energy
27 October 2008
Arch to replace CFO
Arch Capital Group has replaced John Vollaro, its CFO of almost seven years, with ING’s John Hele from 1 April 2009.
27 October 2008
Cooper Gay attracts Chris Butcher as new MD for FSJ
Independent (re)insurance broker Cooper Gay has appointed Chris Butcher as MD of FSJ Broking, its UK wholesale division, with immediate effect. Derek Thornton will continue as Executive Chairman and will report to Chris.
27 October 2008
Bahrain reports unprecedented growth in 2007
Bahrain's economic boom is being reflected in a 21 percent surge in premiums reported for 2007 over 2006 levels. A 22 October announcement from the Central Bank of Bahrain revealed...
27 October 2008
XL Re London fac team loses Tatlock; XL Capital ratings threat
Struggling reinsurer XL Re's facultative team has lost a senior property facultative underwriter in its London office, Inside FAC can reveal.
27 October 2008
Jubilee continues to boost ranks for expansion with Topche hire
Fast expanding Lloyd's insurer Jubilee Managing Agency has hired Norman Topche from Willis Re to take the position of director of reinsurance.
27 October 2008
US P&C surplus could drop 15 percent in 2008, warns report
The US property casualty industry's statutory surplus at the end of the third quarter is projected to have fallen by as much as $42bn, or 8 percent, from the start of the year, according to a report by Towers Perrin.
27 October 2008
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