Commercial
Ace boosts trade credit team
Specialty insurer Ace Global Markets has made five appointments to its trade credit teams in London and New York.
Myners scraps Class Action plan in rush to get Financial Services Bill through
The Government has dropped its controversial plans in the Financial Services Bill to allow class actions against financial institutions.
Beazley latest Lloyd's insurer to give first quarter nat cat estimates
Beazley today announced its estimated net losses arising from the earthquake in Chile over the weekend of 27 to 28 February 2010 to be in the range of $55m to $75m.
AIG CEO confident successor can come from within its ranks
Robert Benmosche, AIG's second chief executive since its government bailout, expects to be at the insurer for up to two more years, according to Bloomberg News.
AIG CEO confident successor can come from within its ranks
Robert Benmosche, AIG's second chief executive since its government bailout, expects to be at the insurer for up to two more years, according to Bloomberg News.
Torus enters UK financial lines with new underwriting agency
Torus UK has entered into the financial lines marketplace in London through a newly formed underwriting agency Torus Executive Risks.
Looking Back - Government pulls plug on EL pilot
Insurers' battle to cut employers' liability claims costs hit another snag this week after the government finally pulled the plug on its fast-track pilot.
From Facebook to sales book
As social media begins to shake off the stigma of being little more than a means to wile away time, Amy Ellis investigates whether, as some predict, 2010 will be the year this new medium becomes a quantifiable marketing tool.
Comment - ELIB: How much of a liability?
Phil Bird considers the controversial proposal to establish an employee compensation fund of last resort and questions the validity of some of the objections to it.
Growth plan at Brightside
Brightside has targeted 20% growth in 2010 after posting a record revenue of £44.7m for 2009. Overall revenue increased by 35% (2008: £33.2m).
Homer defiant over "negative" outlook
Towergate chief executive Andy Homer has refuted rating agency Moody's claim that its short-term outlook is 'negative', insisting it will not sell off parts of the business to cut debt.
Brokers offer welcome mat
Quinn Insurance's fall into the hands of administrators was "a disaster waiting to happen", according to broker bosses.
Marsh wins Commonwealth double
Marsh has added to its portfolio of international sporting events after being appointed insurance broker and risk adviser for the 20th Commonwealth Games, to be held in Glasgow in 2014.
Former Mitsui CEO Guest returns with mutual exec role
The Higher Education mutual UMAL has appointed the former CEO of Mitsui Sumitomo London, Allan Guest, as a non-executive director.
Willis adds six to its network
Willis today announced that six new members have joined Willis Networks, its partnerships with local, independent insurance brokers in the UK, bringing the networks’ combined membership to 106 firms.
European insurance buyers' product satisfaction revealed
Insurers will soon learn what their major commercial insurance customers in the UK and across Europe think about the products and services they offer.
Ace adds accident and health cover to online offering
Ace has launched five new accident and health products on its UK broker e-commerce platform.
Omega puts Chilean quake loss at $23m
Omega Insurance Holdings today announced that it has completed its initial estimate of losses arising from recent major catastrophe events - the Chilean earthquake and European windstorm Xynthia.
European insurance buyers' product satisfaction revealed
Insurers will soon learn what their major commercial insurance customers in the UK and across Europe think about the products and services they offer.
Zurich outlook revised upwards by S&P
Standard & Poor's Ratings Services has revised the outlooks on the various operating entities of Switzerland-based insurance group Zurich Financial Services to stable from negative.
Start-up seals second broking deal
Invicta Insurance Services, the new broking service provider set up by Steve Gamage, has made its second acquisition: Sevenoaks-based Lowe Insurance. This partnership was started over 22 years ago by Patricia and John Lowe, both of whom will remain with…
Omega puts Chilean quake loss at $23m
Omega Insurance Holdings today announced that it has completed its initial estimate of losses arising from recent major catastrophe events - the Chilean earthquake and European windstorm Xynthia.
HSBC to be operate as MBL as Marsh completes broker deal
Marsh today completed its previously agreed acquisition of HSBC Insurance Brokers, a wholly owned subsidiary of HSBC Bank, in the UK and other key markets in Asia and the Middle East.
Zurich outlook revised upwards by S&P
Standard & Poor's Ratings Services has revised the outlooks on the various operating entities of Switzerland-based insurance group Zurich Financial Services to stable from negative.