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  • Willis Group finished 2003 with a healthy organic growth of 15 percent for the year as it revealed total revenues had grown 20 percent to $2076mn. Net income for the final quarter was static at $118mn with 2002 but overall earnings almost doubled for t
  • New market opportunities are creating a more positive business outlook than at any time in the past three years, the most recent International Insurance Society (IIS) survey of insurance executives has revealed.
  • Tawa plc’s share price is now 40 percent lower than its 2007 IPO price as investors responded badly to the firm’s profit slump last month on the back of continuing losses from the bond portfolio of its CX Re subsidiary...
  • Lloyd's managing agency Abacus is planning to launch a new professional indemnity (PI) syndicate with former PRI underwriter Andy Dore at the helm. Abacus Syndicates Ltd, backed by members' agent CBS, currently manages Syndicate 2525, with 2003 capaci
  • The steep rise in directors and officers insurance is forcing UK companies to seek alternative cover, according to a survey from the Association of Insurance and Risk Managers (AIRMIC).
  • Defeated Council election candidate Julian West has complained to the Financial Services Authority after Lloyd’s allowed the recent result to stand - despite a complaint that victorious candidate Quentin Davies MP was ineligible to stand.
  • Ratings agency Fitch announced on 25 April that it had begun operating from its new office in Dubai. Stephen de Stadler, Fitch's head of Business Development for the Middle East, said: "Fitch Ratings recognises that the economic growth currently...
  • Reinsurance broker Benfield Group continues to bolster its Facultative Solutions teams after last year’s mass defection to rival Aon Corp.
  • US insurer Assurant's fourth quarter net income dropped 93 percent to $11.9mn, compared to $182.4mn in Q408, after it was hit by goodwill writedowns and losses in its struggling health unit.
  • Arch has held its profit decline to 4 percent in 2010, compared with a significant slump in full-year profit among its rivals that have been hit by higher cat loading and lower investment income.