News
MIB: One in five young drivers uninsured
Shock findings over extent of young uninsured drivers do not surprise the AA.
Swiss Re sells workers comp arm
Swiss Re has sold its CyberComp unit to AmTrust in order to concentrate on its core reinsurance business
Lloyds’ capital arm invests £42m in technology provider
Lloyds TSB Development Capital backs technology provider for next growth phase
Willis names North American retail boss
Vic Krauze has been appointed as president of the North American retail business, Willis HRH
Colemont promotes Miles as UAE MD resigns
David Miles promoted to managing director after previous MD leaves.
Swiss Re staff defect to Ariel
Bermudian (re)insurer opens Swiss branch office after three senior Swiss Re staff move to group.
Lloyds Banking Group to cut 200 insurance roles
Job cuts to result from the back office merger of Lloyds TSB and HBOS general insurance divisions
Small firms to see rise in solicitors PI
Professional indemnity specialists PYV Legal predict tough renewal season for small law firms
Banner Group forges links with youth charity
Insurer to offer scheme to Save the Children UK.
XL grabs senior underwriter from Partner Re
Peter Bitterlin moves to XL from rival Partner Re.
Admiral profits up 5% as it outlines rate increases
However, Henry Engelhardt's business admits Confused ad spend continues to impact aggregator's bottom line.
Hiscox first half profits up 30%
Lloyd's group's profits jump by 30%, helped by a huge jump in investment return.
Allianz posts 150% monthly sales increase on household range
Policy sales rise sharply in first six months.
Doctors and dentists advised to check cover if bidding for contracts as a group
The MDU is warning that individual indemnity policies will not provide enough cover if a law suit follows failure in company procedure.
Defaqto launches commercial insurance ratings
All office, retailers and tradesmen products are rated from one to five stars.
HSBC adds to board with Lockton raid
Broking arm recruits new energy head Ian Curtin.
Chaucer in US broker tie up
Deal with GSR will see it target land-based oil operators in the US
CBG Group profits fall by almost £800 000
Broker’s pre tax profit falls from £930 000 to £171 000.
Aon appoints new risk transfer head
Keith Ashworth promoted.
Beazley in discussions about creating new syndicate
Beazley is in discussion with members of Lloyd's about creating a new special purpose syndicate.
MMA fills claims director role
Former ACM ULR boss Bob Perry takes position.
Amlin's first half pretax profit rises 29%
Amlin's first half profit rises, helped by investment income doubling.
Hurricane Bill hits Nova Scotia
Hurricane Bill has arrived on Canadian shores - with damaging effects.
Senior market figure moves to JLT Re
JLT Re has hired former Aon Benfield retro broker Richard Dunn, Reinsurance has learned.