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UK motor rates in surprise fall
UK motor insurance rates will have to increase by approximately 20 percent for the sector to return to profitability, according to UK financial services firm AA's recent Insurance Index.
21 April 2008
Montpelier Re US unit welcomes new chief
Former Catlin senior vice president Francis "Bud" Lockwood has been named as president of Montpelier Re's US unit, Montpelier Underwriting Inc (MUI).
21 April 2008
Former Marsh PSA execs given weekend jail terms
The two former Marsh Inc executives who were found guilty in February of taking part in bid-rigging have been sentenced by a New York judge.
21 April 2008
China Re opens representative office in Hong Kong
China Re has opened its latest office in Hong Kong just days after it opened a representative office in London.
21 April 2008
Asia spurs 13 percent new business growth at Pru
UK financial services group Prudential Plc has delivered a 13 percent increase in new business, at £729mn for the first quarter of 2008, despite a "challenging" economic environment.
21 April 2008
Fairfax: US economy facing one-in-100-year crash
The US economy woes are set to continue and worsen as it faces a one-in-100-year crash similar to the 1929 stock market meltdown that preceded the Great Depression, according to Prem Watsa, head of Fairfax Financial Holdings.
21 April 2008
Gibraltar regulator appoints new insurance chief
The Financial Services Commission (FSC) of Gibraltar has appointed Michael Oliver as head of insurance.
21 April 2008
Integro boosts London platform
Integro Insurance Brokers is due to make two new appointments to boost its London platform.
21 April 2008
FGIC seeks investors for AAA bond insurer start up
FGIC Corp is trying to woo investors to back a proposed new AAA-rated bond insurance business as it looks at strategic options in an attempt to secure its future.
21 April 2008
Large risk losses to hit Munich Re Q1 results
Munich Re warned its first quarter profits are likely to be down on last year’s, following “major losses” in the first three months of 2008.
17 April 2008
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