News
Zurich launches commercial vehicle insurance
Zurich’s UK Broker Division has launched a new product for light commercial vehicles which will be available initially through Open GI, Software Solutions Partners and CDL software houses.
3.2 million evacuated as cyclone Sidr makes Cat-4 landfall
Aon Re Global's Cat alert service has reported that cyclone Sidr made landfall along the Khulna-Barisal coast of Bangladesh yesterday as a strong Category 4 cyclone with sustained winds of 240 kph (150 mph).
More Lancashire founders wind down through buyback
Bermudian (re)insurer Lancashire Holdings has revealed that it has bought back a further 5 million of its common shares at 350 pence each as part of its $100m share repurchase programme.
Biba welcomes motor insurance certificates decision
The British Insurance Brokers’ Association has welcomed the Department for Transport’s announcement that motor insurance certificates will now be permitted to be delivered electronically as it is a win win situation for customers and the insurance…
AIR: Chile quake less than $80m insured losses
Catastrophe risk modeling company AIR Worldwide has estimated that insured losses the earthquake which struck the coast of Chile on Wednesday will probably not exceed $80m.
ProAktive invests in Rotherham broker
Yorkshire-based ProAktive Risk Group has agreed a deal to take an equity interest in Rotherham-based TIB Insurance Brokers
Deadly 7 metre storm surge threatens 2 million in Bangladesh
Modelling firm Risk Management Solutions (RMS) has warned of the possiblity of a devastating humanitarian catastrophe in Bangladesh as Typhoon Sidr closes in on on landfall in a potential re-run of a 1991 loss that caused 150,000 deaths.
Paris Re net premium falls 14% in Q3
Swiss-headquartered reinsurer Paris Re has posted third quarter results that show net written premiums falling 14% when compared to the same period a year earlier.
Homeserve restructures emergency services division
Homeserve Emergency Services has completed a restructure in a bid to improve customer service.
Cunningham director quits
Cunningham Lindsey has announced that Geoff Ball, currently director of Subsidence Services, is to join the board of Cunningham Lindsey UK as director, Project Managed Services.
MP calls on insurers to help cancer sufferers
A Labour MP has called on the insurance industry to do more for Cancer sufferers.
Zurich warns of pressure in UK commercial
Zurich has reported general insurance gross written premiums and policy fees of US$27.3 bn, up 4% or 0.4% in local currencies, for the first nine months of 2007.
Legal expenses provider outlines £55m float plan
Abbey Protection today announced its intention to seek admission to trading of its shares on the AIM Market of the London Stock Exchange.
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Beazley starts share buyback
Lloyd's (re)insurer Beazley has announced that it has begun its previously announced share buyback programme to repurchase up to 5% of its issued share capital
Pick of the Week
Post Magazine editor Jonathan Swift provides a run down of the major news in this week's issue of Pos...
Investor bought out
Start-up reinsurer Lancashire has bought out one of its founding investors just weeks after announci...
No flood of diesel claims
The award of damages to a motorcyclist killed after slipping on a diesel spillage does not signal th...
Appointment at BMS Cat
BMS Cat has made Bernard Connolly technical director of its UK operations, responsible for technical...
Post search engine
Post Online has launched a new industry wide online search engine - www.postresearch.co.uk. This ver...
Bribe claim investigated
Aon has notified the Financial Services Authority that it is investigating whether it has complied w...
Aon sells travel book
Citybond Suretravel has acquired Aon's wholesale travel insurance book of business. The broker's man...
MIB boosted after uninsured clampdown
Figures released yesterday at the Association of British Insurers' motor conference signal an early ...
Giles beats competition to buy Welsh broker
Giles Insurance Brokers said it defeated four consolidator rivals for the first of two acquisitions ...