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Marsh UK announces new CFO
Angus Cameron is to join Marsh as CFO of its UK operations, parent company MMC confirmed last week.
23 June 2008
Assurant buys more for less
US insurer Assurant Inc has announced the completion of its catastrophe reinsurance programme for 2008 and, with rates falling, was able to buy additional cover.
23 June 2008
FSA again threatens on commissions disclosure
The Financial Services Authority (FSA) has said it is willing to mandate action on the disclosure of broker's commissions by the end of the year if the industry fails to find a solution to the issue.
23 June 2008
Hyperion sees profits rise by 15 percent
Hyperion Insurance Group Ltd has announced that its 2007 operating profit increased by 10 percent to £6.5mn, compared to £5.9mn in 2006.
23 June 2008
Qatar woos (re)insurers with electronic trading platform
Qatar has staked its claim to be the leading centre for insurance in the Middle East with a move to launch an electronic trading platform later this year to service the sector.
23 June 2008
ZFS and Allstate lead RBS race
Zurich Financial Services (ZFS) - the enduring frontrunner in the race to buy Royal Bank of Scotland's up-for-sale insurance businesses - overcame a significant hurdle last week when reports confirmed that the firm had its financing in place.
23 June 2008
Enstar to buy GoshawK for £46mn
Bermudian run-off specialist Enstar Group Ltd has agreed to purchase the failed UK listed (re)insurer GoshawK for £45.7mn ($90.3mn).
23 June 2008
Hannover Re teams up with Indian reinsurer
German reinsurer Hannover Re has reached an "exclusive agreement" with Indian reinsurer GIC Re to develop and underwrite life reinsurance business in India, the group has announced.
20 June 2008
SCOR establishes Americas Hub in NY
French reinsurer SCOR has revealed that it will be launching its Americas "hub" in New York to help increase its presence in the market.
19 June 2008
Sullivan departure sparks AM Best downgrade
Rating agency AM Best has downgraded the issuer credit ratings of American International Group (AIG) just days after the insurance giant announced CEO Martin Sullivan's resignation.
18 June 2008
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