Commercial
Ace outlines $125m cat losses from first quarter
Ace has announced its estimated net after-tax losses in the first quarter from natural catastrophes will be approximately $125m, including reinstatement premiums.
Ace outlines $125m cat losses from first quarter
Ace has announced its estimated net after-tax losses in the first quarter from natural catastrophes will be approximately $125m, including reinstatement premiums.
London market: offshore wind of change
Offshore wind energy is going to be big business — and so too the opportunities for insurers. But not all of it will be plain sailing for underwriters, explains Matthew Yau.
Evander MBO opens new client stream up
Insurance services provider Evander believes that its recent management buyout has opened up a significant new potential client stream for it.
MYI opens 11th office in Leeds
Niche commercial loss adjusting group MYI has opened its 11th UK office in Leeds with the recruitment of two senior adjusters.
NIG aims to double SME market share
NIG has insisted its relationships with regional brokers have not been impacted by its UK restructure, after finalising the underwriting line-up of the company's regional centres.
SBJ boss hails Lonmar intent after rebrand
SBJ Global Risks has rebranded as Lonmar Global Risks in a move to clearly align itself with the London and international specialist insurance market.
Allianz raises concerns over crane scheme
Allianz Engineering has questioned the effectiveness of a new tower crane safety scheme due to come into force on 6 April.
QBE hopes to quell concerns
QBE expects its new-look underwriting structure to address broker concerns over the cross-selling of its products, chief executive Steven Burns has said.
LAM set to return within two years
London Authorities Mutual could make a return to the market within the "next 12 to 24 months", according to its management company.
Fortis rebrands insurance arm as pre-tax profits fall
Fortis is to rename its insurance operation as Ageas following the break up of its parent company and the sale of its sister banking arm and brand to BNP Paribas 18 months ago.
Tesco signs software deal with Cheshire Datasystems
Tesco Bank has agreed a five-year deal for the provision of its customer service centre and website software with Cheshire Datasystems.
LV sets target of £250m
LV is set to offer its fleet motor products to brokers via its branch network by April in a bid to hit £250m worth of commercial business by 2012.
Lloyd's box plan on hold as Towergate 'changes tack'
Towergate's plan to set up an underwriting box in Lloyd's in early 2010 has been put on ice following a "change of tack" regarding the development of its underwriting strategy.
Management shake-up at Giles sees Pearson axed
The retail managing director of Giles Insurance Brokers, Howard Pearson, was the highest profile casualty of a management shake-up at the consolidator announced earlier this week.
Folding plug wins Brit design award
British student, Min-Kyu Choi from London, has won the Brit insurance design of the year 2010, for his reinterpretation of the plug, beating over 90 international nominees in the process.
Commercial insurance prices remain flat for fourth consecutive quarter
A competitive market landscape has perpetuated flat commercial insurance prices during the fourth quarter of 2009, according to global professional services company Towers Watson.
Transactor new provider for Cornish Mutual
Transactor Global Solutions is the new provider for south west based insurer, Cornish Mutual, with a complete system replacement scheduled to go live in September 2010.
Former Teceris duo joins Crawford
Crawford & Company has appointed two new senior construction specialists within its international construction and engineering team.
Giles MD Pearson to leave after exec revamp at broker
Sarah Lyons, currently group operations director, has been promoted to group managing director.
Crawford names Lloyd's market boss
Crawford & Company UK has appointed Richard Day as vice president, Lloyd's and London market.
Teceris fraud team joins Questgates
Questgates has appointed Teceris Claims Services' former director of fraud John Freeman as counter fraud director.