News
XL issues roof collapse warning
Insurer XL has warned businesses to reconsider their adverse weather risk management plans as snow continues to wreak havoc across the UK.
Oval scoops broker prize
Oval has been named Insurance Broker of the Year by the Institute of Risk Management.
Tawa swoops for Oslo Re UK run-off business
Tawa has entered into a share purchase agreement to acquire 100% of the issued shares of Oslo Reinsurance Company (UK) from Oslo Reinsurance Company AS for a consideration of £4m.
Tawa swoops for Oslo Re UK run-off business
Tawa has entered into a share purchase agreement to acquire 100% of the issued shares of Oslo Reinsurance Company (UK) from Oslo Reinsurance Company AS for a consideration of £4m.
Giles CEO hails "industry leading margin" as earnings fall 13%
The Giles Group has reported that its turnover and EBITDA (excluding non recurring items) both decreased for the year ended 31 August 2010.
Brit appoints PI underwriter
Brit Insurance has named Mark Figes as class underwriter for its international professional indemnity division.
Conservative Party: no estimate exists for properties at risk of flooding
The Parliamentary Under Secretary of State (Natural Environment and Fisheries), Environment, Food and Rural Affairs has admitted that no figure exists as to how many properties are at risk if the insurance industry withdraws from the statement of…
Zurich enters into general insurance distribution deal with Fortis
Zurich's Turkish subsidiary, Zurich Sigorta has signed an agreement with Fortis Bank AS for the exclusive distribution of general insurance products through Fortis in Turkey.
Zurich enters into general insurance distribution deal with Fortis
Zurich's Turkish subsidiary, Zurich Sigorta has signed an agreement with Fortis Bank AS for the exclusive distribution of general insurance products through Fortis in Turkey.
MMC boss Duperreault acclaimed as Insurance Hall of Fame winner
The International Insurance Society has announced Brian Duperreault, president and CEO, Marsh & McLennan, USA, as the 2011 Insurance Hall of Fame winner.
Catlin the latest insurer to up NZ quake loss estimate
Catlin has today announced an estimate of the financial impact of the 4 September 2010 New Zealand earthquake.
Government urged to take flood action
A group of MPs have told the government that more must be done to protect properties that are under threat from flooding.
One in three businesses unsure of extent of cover
Some 34% of businesses are unclear if their insurance would cover every eventuality should they need to make a claim, research from Allianz has revealed.
Highlands policyholders receive full payout
Highlands Insurance Company UK direct policyholders have had their claims paid following the company’s administration in 2007.
Canopius appoints property underwriter
Canopius Group has appointed Andrew Ealey as property treaty underwriter.
Guy Carpenter and Willis join forces with Aon for oil liability consortium
Guy Carpenter and Willis Re are working alongside Aon Benfield as placement advisors to a new sudden oil spill consortium, which aims to deliver larger liability limit coverage for deepwater drilling in US waters.
Guy Carpenter and Willis join forces with Aon for oil liability consortium
Guy Carpenter and Willis Re are working alongside Aon Benfield as placement advisors to a new sudden oil spill consortium, which aims to deliver larger liability limit coverage for deepwater drilling in US waters.
Axa and Complectus launch glass insurance product
Insurer Axa and claims firm Complectus have developed a new glass insurance product for HGVs, LCVs and cars.
Jackson's “grotesque” comment highlights the flaws in his own proposals for reform
Comments made by Lord Justice Jackson in his judgment in the Court of Appeal case of Pankhurst v. White, highlighted the fact that, if Jackson’s own proposals were adopted, solicitors would be entitled to deduct up to 25% of a claimant’s damages,…
Bruce Stevenson wins Ofgem contract
Edinburgh-based insurance broker Bruce Stevenson Risk Management has been appointed to work with Ofgem as part of the UK government’s support for offshore wind generation.
Bruce Stevenson wins Ofgem contract
Edinburgh-based insurance broker Bruce Stevenson Risk Management has been appointed to work with Ofgem as part of the UK government’s support for offshore wind generation.
Ceiops and CEBS publish FCD recommendations
The Committee of European Banking Supervisors and the Committee of European Insurance and Occupational Pensions Supervisors have published their recommendations for the supplementary requirements of the Financial Conglomerates Directive.
Ceiops and CEBS publish FCD recommendations
The Committee of European Banking Supervisors and the Committee of European Insurance and Occupational Pensions Supervisors have published their recommendations for the supplementary requirements of the Financial Conglomerates Directive.
FSA fines hit record high
The Financial Services Authority handed down a record-breaking £88.4m in fines in 2010 (to 20 December).