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Aon close to ground-breaking back office deal
Aon Ltd is close to deciding on the company it will partner with to outsource its entire back-office function, The Insurance Insider can reveal.
12 June 2006
London news digest - June 2006
Equitas boosts asbestos reserves; Creechurch parts company with chief executive; Monument in disarray as chief executive quits; Novae enters energy as start-up gets A- rating; Lloyd's warns insurers on climate change; et al...
12 June 2006
CV Starr appoints London aviation head
CV Starr, the managing agency ultimately controlled by former American International Group chief executive Maurice "Hank" Greenberg, is set to appoint an aviation underwriter who will spear-head the company's London market operations.
12 June 2006
International news digest - June 2006
RMS learns Katrina lessons with new model; Buffett points to son as non-executive chairman; WTC insurers in fees victory; Imagine appoints ex-Platinum executive as CEO; Sompo Japan suspended by regulator; et al...
12 June 2006
Integro continues Marsh plunder
Fast-growing Integro last week announced a series of further appointments of former Marsh employees to its stable, bolstering its healthcare practice in Boston and Chicago, and establishing a south eastern marine practice.
12 June 2006
IUA pilots electronic claims file
The International Underwriting Association (IUA) has begun a pilot project to test a new electronic claims system for the London Market.
12 June 2006
Swiss Re launches cat bond Successor
Giant reinsurer Swiss Re announced on last Wednesday (7 June) that it has issued Successor, the latest in its series of cat bond programmes, as it continues to utilise the capital markets to offset risk.
12 June 2006
Bermudian Q1 premium income drops despite rate rises
The first quarter of the year has seen premium income drop for Bermudian reinsurers despite sharp rate rises, reported Benfield in its Bermuda Quarterly review.
12 June 2006
First named storm of the season heads for Florida
Tropical Storm Alberto, the first named storm of this year's hurricane season, has struck Cuba and was heading towards Florida at the time of going to press.
12 June 2006
Chaucer forms new Lloyd's insurer with Quanta
Quanta Capital Holdings has signed heads of agreement with Chaucer Holdings and the senior underwriting team of its Syndicate 4000 to form a new Lloyd's managing agent, Pembroke Managing Agency Limited.
12 June 2006
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