News
Euler Hermes cites Woolies as it issues profits warning
Euler Hermes has today issued a profits warning following Woolworths decision to go into administration.
Solvency II framework directive pushed through; ABI disappointed
The Association of British Insurers has expressed its disappointment at today's quick decision in the ECOFIN council to push through the Solvency II framework directive with no debate.
Heath sets up new division
Heath Lambert has formed a new renewable energy team within its retail national division.
Catlin benefits from AIG defections
Catlin Group has significantly strengthened its position in crisis management underwriting with the addition of two experienced product recall insurance underwriters.
Dual in new PI roll out
Dula Corporate Risks, the underwriting agencies specialising in liability insurance for mid-market companies, has launched its new range of professional indemnity products.
Research highlights causes of personal injury claims
The most serious injuries at work arise from accidents involving machinery and defective equipment, according to a new analysis of almost 1000 personal injury awards made in 2007 by Injuries Board in Ireland
Lloyd's appoints rep for Germany and Austria
Lloyd's has appointed a new market relations manager for Germany and Austria.
Direct Group appointed by Carlyle
Direct Group has been appointed to supply policy and claims administration services to Cardiff-based motor finance provider Carlyle Finance.
Five years imprisonment given to insurance fraudster
A joint operation between the Insurance Fraud Bureau and West Yorkshire Police code named 'Keep' today concluded at Bradford Crown Court.
AIG arm Risk Specialists to offer US takaful insurance
Risk Specialists Companies, Inc. (RSC), a subsidiary of AIG Commercial Insurance, today announced it is introducing a Takaful Homeowners Policy, the first of Shari'ah-compliant (Takaful) product offerings in the U.S. The newly announced Takaful products…
Ace Tempest Re will write business through Ace Switzerland
Ace Tempest Re Europe has announced that its Zurich-based reinsurance business will now be written through Ace Insurance (Switzerland) Limited, the newly formed Swiss insurance company. The move also follows the re-domestication of Ace Limited to Zurich…
CFC Underwriting doubles profits to £1.8m
Specialist lines underwriting agent CFC Underwriting has reported its eighth successive year of growth.
PartnerRe ups Ike claims forecast by over $100m
Bermudian reinsurer PartnerRe upped its estimate of claims from Hurricane Ike by $115m (£77m) to a total estimate of approximately $305m, pre-tax and after reinstatement premiums.
KGM snags senior exec from RBSI
KGM Motor Insurance, a specialist provider of motor insurance products to niche markets, has appointed Neil Manvell as deputy underwriter.
AIG sells private bank
Stricken insurer AIG said that it has agreed to sell it's private banking arm, AIG Private Bank to Aabar Investments PJSC (Aabar), a global investment company based in Abu Dhabi.
Broker Network welcomes new members
Broker Network welcomes two new members today – RG Ford and Taylor McGilll Insurance Consultants – bringing its total to 210 with a shared gross written premium in excess of £550m.
MYI acquires Axis international team
Loss adjuster MYI has acquired a specialist casualty team from rival Axis International.
MYI acquires Axis international team
Loss adjuster MYI has acquired a specialist casualty team from rival Axis International.
Heath Lambert hires former JLT real estate chief
Heath Lambert Group has strengthened its real estate operation with the appointment of Paul Williams as executive director.
Kindertons joins AMA executive committee
Chris Latham, general manager for Kindertons Accident Management, has joined the executive committee of the Accident Management Association.
Sompo reports 56.3% in H1 net income
(BestWire) - Japanese insurer Sompo Japan Insurance Inc. reported a 56.3% drop in net income to 22.74bn yen (€186.7m) for the six months ended September 30.
LV confirms interest for its hero business
LV has confirmed it has been approached by investors interested in acquiring Hero, the direct insurance and ecommerce subsidiary of Highway Insurance - as reported by Post on 27 November. LV= completed the acquisition of Highway in October 2008.
Aon unveils new business unit following Benfield deal completion
Aon plans to create a new global specialty business unit – Aon Specialty, it said today. The broking giant said the "strategic move" - a combination of Aon Specialty Risks and Benfield Corporate Risks' specialty division - was designed to take advantage…
Aon outlines new role for former Benfield boss Chilton
Grahame Chilton, vice chairman of Aon Group and former Benfield chief, is to lead a multi-year effort to improve growth across all areas of Aon, the broking giant announced today.