News
Benfield to open office in Puerto Rico; Piccinoni to lead
Benfield, the UK reinsurance broker, said it will open an office in Puerto Rico. Andres Piccinoni has been appointed as the chief executive of Benfield Puerto Rico.
Willis launches new captive operation
Willis has opened a new captive management operation called Willis Management.
CCV announces Midlands acquisition
Cullum Capital Ventures has acquired Walsall-based broker Cox Lee and Co.
European power firms at risk of being underinsured, warns Marsh
The combination of rising demand and insured costs in Europe’s electricity sector could risk leaving power utilities firms underinsured Marsh has warned.
Westinsure reassures members over future
Westinsure’s managing director has written to shareholders and members promising they will “be the first to hear” if the company is sold.
Novae expands specie and cargo team
Novae Syndicate 2007 has appointed Keith Nichols to head up its specie and cargo units.
Aon Re buys in Peru
Aon Re Global has announced it has acquired Peruvian reinsurance intermediary Cosegur Re
Gocompare welcomes increased visibilty of aggregators
Hayley Parsons, managing director of Gocompare.com has responsded to the Financial Services Authority review by saying : “It is reassuring to know that the FSA has looked into the insurance comparison market and broadly given it a clean bill of health…
ABI says aggregator review must go further
The Association of British Insurers has called for the Financial Services Authority to extend its review of aggregator sites to cover all financial services comparison websites.
Ford appoints RSA as branded insurance provider
RSA has been appointed as the UK provider of branded car insurance for Ford, Mazda, Jaguar, Volvo and Land Rover.
Confused.com warns against over-regulation
Confused.com has welcomed the Financial Services Authority review of the aggregator sector whilst warning against excessive regulation.
Markel taps into social welfare for new risk service
Markel's retail division has launched a risk management service in conjunction with care and health consultancy Janjer.
New Fellowship for Insurance launched by City think-tank
A new Fellowship for Insurance will be launched by the London-based think-tank, the Centre for the Study of Financial Innovation on 14 May. The first Generali-supported CSFI Fellow is Shirley Beglinger from the Shires Partnership which specialises in…
Biba calls for tighter regulation of aggregators
The British Insurance Brokers’ Association has called for the Financial Services Authority to go further in its review of insurance comparison sites.
FSA issues aggregator report
A Financial Services Authority today said an assessment of the insurance comparison website market has found evidence of "both good and bad practice", but added it is looking for all websites to ensure that users are treated fairly.
RSA reports 3% rise in UK premiums
RSA has reported a 15% rise in group net written premiums to £1.7bn for the first quarter of the year.
Aon calls for new London mayor to reveal flood plans for city
Aon has joined forces with the City Property Association to call upon the London mayor, Boris Johnston, to reveal his plans for preventing a major flood that could cripple the City.
Axiom appoints MD for financial reporting team
Charles Portsmouth has joined Axiom as managing director of its financial reporting specialist team and has also been appoited to the board of Axiom Consulting.
Munich Re Q1 profits down 26%; GWP down 5%
Munich Re said the first quarter profits tumbled 26% to €586m, driven by a high payouts for early-season catastrophes and a heavy drop in investment income.
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Pick of the Week
Post online and supplements editor Stephanie Denton looks at the week's major general insurance news ...
Defaqto showcase
Defaqto featured its revamped Star Ratings, Compare and Aequos Online products at last week's Biba c...
Arista boss admits it may bid for NIG if RBSI is split
Arista chief executive Charles Earle has admitted the company would be interested in acquiring broke...
Appointment at Cunningham Lindsey
Bill Haywood-Smith has been appointed valuation services manager valuation at loss adjuster Cunningh...