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SBJ Global Risks completes re-branding
Formerly trading as SBJ Global Risks, Lonmar Global Risks was launched yesterday as a new independent broking organisation operating globally from its London Base.
Post | 12 Mar 2010
Cunningham Lindsey names liability services fraud manager
Claims management company Cunningham Lindsey has appointed Zurich’s Sharon Hurst as a fraud manager in its liability services division.
Post | 11 Mar 2010
RSA swoops for marine business
RSA's Danish subsidiary Codan Forsikring A/S has acquired the renewal rights to TrygVesta's marine hull portfolio for DKK 50m (£6m) in cash.
Post | 11 Mar 2010
Baugh to head up European operation in Chartis shake-up
James Shea, currently regional president for Chartis Central Europe & Commonwealth of Independent States, will become managing director of Chartis UK.
Post | 11 Mar 2010
Omega claims gains elsewhere offset Lloyd's reduction
The group's gross premium income remained almost static on US$265.8m (2008: US$265.4m), although Omega claimed to nhave seen "significant growth in new operating platforms in Bermuda and US".
Post | 11 Mar 2010
Ambant appoints former FSA associate to head up new unit
Ambant has created a new business practice to help brokers and underwriters respond to scrutiny from the Financial Services Authority.
Post | 10 Mar 2010
Pick of the week
Post reporter Leigh Jackson outlines the major news stories from this week's issue of Post.
Post |
10 Mar 2010 | 
Interglobal
International private medical insurer Interglobal has appointed Nicola Norris as business development manager, with responsibility for building distribution and sales of individual and group PMI in the UK through the intermediary channel.
Post |
10 Mar 2010 
Arista
Arista Insurance has promoted Anthony Foulds to regional underwriting manager for the South-east.
Post |
10 Mar 2010
Kennedys
Iain Sharp has joined Kennedys in Singapore as a partner in the maritime & international trade practice.
Post |
10 Mar 2010
Zurich
Two new regional managers have joined Zurich's North American environmental team.
Post |
10 Mar 2010
Westinsure reveals plans for 40 more members in 2010
Westinsure aims to grow by £50m gross written premium in 2010 and recruit another 40 members, after reporting its most successful year to date in 2009. The broker alliance reported £300m GWP for 2009 and added more than 35 brokers to its ranks, increasing its total member offices to over 200.
Post |
10 Mar 2010
Chaucer redomiciliation likely over tax fears
Chaucer has indicated that high corporation tax in the UK could force it to redomicile to Switzerland, Bermuda or Ireland in 2011, despite posting an increase in profit of £134.8m for 2009.
Post |
10 Mar 2010
Hardy sees profits rocket before exchange
Bermuda-domiciled insurer Hardy has reported a steep increase in profit before tax and foreign exchange movements of £26.7m (2008: £4.4m), in contrast to a slight dip in profit before tax of £20.1m (2008: £23.1m). The combined ratio before foreign exchange movements was 78.1% (2008: 91.2%) while overall business volumes rose 40%.
Post |
10 Mar 2010
Hodges: no 'land grab' for Aviva
Aviva UK plans to build its capability in the commercial property owners and motor sectors after its business insurance book shrunk by £400m in 2009.
Post |
10 Mar 2010
leader - Is Aviva now fitter?
For months there has been speculation about how much business Aviva had shed in its efforts to bolster its profitability. The answer — as highlighted in its 2009 full year accounts out this week — was quite a lot, as it reported net written premiums in its UK general insurance arm of £3.91bn for 2008, down from £5.02bn for 2008. This included £0.7bn worth of personal lines NWP shed and £0.4bn of commercial NWP.
Post |
10 Mar 2010
Total 100% liable
Insurers have moved closer to recovering an estimated £750m in claims from Total, stretching back to the Buncefield oil depot explosion.
Post |
10 Mar 2010
Bell axed in restructuring
The Third Parties (Rights Against Insurers) Bill was referred to a second reading on 9 March in the House of Commons.
Post |
10 Mar 2010
Two new quote-and-buy
Towergate has launched two new online quote-and-buy facilities for brokers.
Post |
10 Mar 2010
Allianz SME tie-up
Allianz has created a tie-up between its commercial and legal protection divisions to offer free advice to its small business policyholders.
Post |
10 Mar 2010
Aviva and Fortis-backed start-up targets 450 brokers in 2010
Aviva, Fortis and LV have thrown their weight behind a new broking support service aimed at rivalling long-standing offerings Countrywide from Open GI, and Keychoice from SSP.
Post |
10 Mar 2010
Munich Re boss confident of €2bn profit in 2010 despite early losses
Gross premiums written rose by 9.5% to €41.4bn (€37.8bn). But if exchange rates had remained the same, premium volume would have increased by 9.9% compared with the previous year.
Post | 10 Mar 2010
Swiss Re gives quake and Xynthia loss estimates
Reinsurer claims losses for the European winter storm to be approximately $100m.
Post | 10 Mar 2010
Fortis Insurance to be rebranded "Ageas"
In a statemement it added: "This change of identity is a logical next step in our evolution from bancassurer to international insurance company. Our new name confirms our rebirth as a new company, but one that will benefit from past experience and the professional expertise concentrated within our group."
Post | 10 Mar 2010
Towergate unveils two new quote and buy facilities
Broker to target musicians, entertainers and sole traders with launches.
Post | 09 Mar 2010
Liberty raids Marsh for Hogg to lead strategic assets arm
The arm aims to develop and underwrite a range of specialist risks including intellectual property, reputational risks, cyber insurances and non-material damage business interruption.
Post | 09 Mar 2010
Bluefin set to make six acquisitions
Axa-owned broker also reveals it expects to make “many more” acquisitions in coming months, targeting the East Midlands, South West, Wales, and Northern Scotland.
Post | 08 Mar 2010
Allianz offers SME’s free legal advice
Allianz Commercial is offering free legal advice to its SME policyholders as part of tie-up with its legal protection division.
Post | 08 Mar 2010
QBE restructures European business
With immediate effect, QBE will operate four product underwriting divisions: casualty & motor; property; marine & energy; and reinsurance & specialist.
Post | 08 Mar 2010
RMS: detailed damage reports following Turkish earthquake still scarce
The Unites States Geological Survey has reported a fixed focal depth of 6.2 miles (10 km) and an epicentral location close to the village of Basyurt, 340 miles (550 km) east of the Turkish capital, Ankara.
Post | 08 Mar 2010
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