Latest News – Page 1608
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Agenda
Laying down the law
Insurance lobbyists have their work cut out with the latest round of legislative proposals
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Agenda
Joining forces
Following recent merger activity in the market, what are the pros and cons of consolidation?
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Travelers boss quits
Travelers Martin Hudson has stepped down from his role as chief executive, it was revealed today.The insurer confirmed that President of International, Kevin Smith will take over from Hudson on an interim basis.Hudson has worked in the industry for more than 20 years, starting work in Lloyd’s syndicate in 1977.In ...
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RSA sells British Engine Insurance to Enstar
RSA has announced the sale of British Engine Insurance Limited to Knapton Holdings Limited, a wholly-owned subsidiary of Enstar Group Limited, for £28m to be paid in cash. British Engine is an inwards reinsurance business and has been in run-off since 2001. This transaction removes £107m of net insurance liabilities ...
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AIG recruits COO
AIG UK has recruited former Willis boss Tom Colraine as chief operating officer. Colraine will report direct to AIG chief executive Lex Baugh. Baugh said: “Tom joins at a crucial time as we work towards rebranding as Chartis UK. He will play a key role in improving our operational efficiency, ...
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Online onlyKiln appoints active underwriter
Philip Wray becomes active underwrtier for Tokio Marine and Kiln Lloyd's Syndicate 1880
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Online onlySmall hurricanes boost profits
Property insurers will be reporting good figures on low claims
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Online onlyL&G shares rise on bid rumour
Resolution speculation ups share price, others insurers follow
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NewsInvestment returns hike help Lloyd’s to pre-tax profit boost
39% increase in H1 partly due to increased energy and property rates, but rest of 2009 likely stable
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