Commercial
Munich Re reduces stake in Swiss insurer with €119m share sale
Munich Re has sold part of its stake in Swiss insurance group Helvetia Holdings, reducing its shareholding from approxoimately 8.2% to under 3%.
Alec Finch names new Halifax boss
Alec Finch & Company has appointed Clive Oliver to head up its operations in Halifax. Mr Oliver joined Alec Finch in 2000 where he subsequently became client servicing manager to the Manchester operations.
UK General adds to board with new FD
Oliver Laird has been appointed finance director, UK General Insurance, with immediate effect.
Cooper Gay revenue grows 29%
Cooper Gay has reported its annual results for the financial year ending 31 December 2009.
Ace extends environmental offering
Ace UK has launched an environmental protect policy offering coverage for both SMEs and multinational operations.
Beazley changes reporting currency
Lloyd's insurer Beazley is to change its reporting currency to US dollars for the 2010 financial year onward.
Equity seals Kia affinity deal
Kia Motors UK has appointed Equity Direct Broking to administer its car insurance scheme. The three-year deal will see Equity providing branded policies through Kia’s network of 150 UK dealerships.
Train crashes in Italy killing at least six
A train has derailed in northern Italy, killing at least six people and injuring 20 others, according to media reports.
XL targets Irish mid-market
XL Insurance has launched a Dublin-based underwriting operation for middle market casualty business.
Sterling appoints head of commercial
Sterling Insurance Company has appointed Kevin Donoghue to the newly created position of head of commercial underwriting.
Arista names new senior underwriter
Arista Insurance has named former NIG key account manager Gavin Benson as a new Birmingham-based senior underwriter.
Former Willis director joins RFIB
A former executive director from Willis, Karl Haynes, has joined RFIB Group as director of international claims. Mr Haynes was at Willis for more than 25 years, most recently within its marine division with responsibility for the international, trade &…
Train crashes in Italy killing at least six
A train has derailed in northern Italy, killing at least six people and injuring 20 others, according to media reports.
XL targets Irish mid-market
XL Insurance has launched a Dublin-based underwriting operation for middle market casualty business.
Biba clarifies members' position over limitation of liability
The British Insurance Brokers’ Association has launched a new publication to provide clarification to brokers on the issue of limitation of liability when advising clients.
ABI: trade credit claims up 95% in 2009
Latest figures from the Association of British Insurers show that trade credit insurance helped UK businesses by dealing with 22 791 claims in 2009.
Overall Xynthia loss put at Euros 1.28bn
Perils AG today disclosed its initial loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.
Overall Xynthia loss put at Euros 1.28bn
Perils AG today disclosed its initial loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.
HSBC duo joins Lonmar Global Risks
Lonmar Global Risks has revealed David Gray and Simon Henderson will be joining the company from HSBC Insurance Brokers to lead the accident and health division, within the non-marine business.
Commons paves way for Flood Bill to be passed
The House of Commons agreed on 25 ammendments to the Flood and Water Management Bill yesterday, paving the way for it to be passed for the dissolution of Parliament on Monday.
APC continues growth drive with ex-NIG hire
Ex-NIG senior underwriter, Chris Page, has been hired in the same role at APC.
HCC readies for upturn in M&A activity with new launch
HCC Global Financial Products has launched a new line of business focusing on mergers and acquisitions’ transaction risk insurance; covering warranty & indemnity, tax indemnity, and contingent risk transfer insurance.
Gallagher and Zenith in merger
Caribbean insurance broker CGM Gallagher Group has merged its commercial insurance broking portfolio with that of Zenith Insurance Brokers.
HCC readies for upturn in M&A activity with new launch
HCC Global Financial Products has launched a new line of business focusing on mergers and acquisitions’ transaction risk insurance; covering warranty & indemnity, tax indemnity, and contingent risk transfer insurance.