News
Why not join your rivals?
Insurers Allianz and AIG, consultant Watson Wyatt and technology provider SSP have signed up for the Prince’s Trust Insurance Leadership Group challenge next year in Namibia, to raise money for the trust. The challenge is open to all companies working in…
APC rolls out re-brand with Shopkeepers’ product launch
Recently re-branded commercial insurance underwriting agency APC Underwriting is adding a new Shopkeepers’ product to its broker trading platform QuoteMac.
Arista launches new property owners product
Arista Insurance, the commercial lines underwriting operation, has reinforced its growth credentials with the addition of a property owners’ product to its suite of products at the same time as expanding its existing underwriting arrangements.
Evolution teams up with Allianz for public liability product
Commercial underwriting specialist Evolution Underwriting has added Excess of Loss Public Liability to its portfolio of online products.
Original investor bought out of Lancashire
Class of 2005 start-up (re)insurer Lancashire has announced that it has bought out one of its founding investors as part of its ongoing $100m share buyback programme.
Reshuffle at Guy Carp's European and Asia Pacific operations
Guy Carpenter has announced a number of key executive appointments to its European and Asia Pacific broking operations.
APC rolls out re-brand with Shopkeepers' launch
Re-branded commercial insurance underwriting agency APC Underwriting will add a new shopkeepers’ product to its broker trading platform QuoteMac from tomorrow.
Iprism adds four to underwriting team
Iprism has appointed four to its underwriting team.
NU adds entire small package business range onto imarket
Norwich Union’s (NU) has made its full range of small package business available for integrated trading on imarket.
Zurich welcomes government move on schools
After a decade of lobbying Zurich Municipal has welcomed new guidance launched today by Schools Minister Jim Knight on the installation of sprinkler systems in schools.
NU goes live with package business on imarket
Norwich Union’s full range of small package business is now available for integrated trading on imarket.
Axa, MMA join Keychoice's panel
Axa and MMA have joined Keychoice's commercial lines panel of insurers.
SSP signs electronic delivery deal
SSP has signed a multi-year exclusive contract with SDX Messaging, a provider of secure digital communications solutions, in advance of the Department for Transport’s (DfT) expected decision to make the electronic delivery of motor insurance certificates…
Aon notifies FSA of internal anti-bribery investigation
Broking giant Aon has hired an external law firm to carry out an internal review of its compliance with certain US and non-US anti-bribery laws, including the US Foreign Corrupt Practices Act following regulatory enquiries.
Fortis reports 12% GWP growth in first nine months
Fortis Insurance UK has reported a 12% increase in gross written premium £581.5m for first nine months 2007. The insurer said in a statement its growth has been driven by 20% year on year increase in GWP for private car and a 9% year on year increase in…
SEC bars former RenRe officer for five years
Michael W. Cash, a former senior executive of Bermudian reinsurer RenaissanceRe (RenRe) has agreed to a no fault, US court-approved settlement of the SEC case against him that fines him $130,000 and bars him from serving as an officer or director of a…
Marsh warns businesses after warehouse fire
Following the devastating fire at a vegetable plant warehouse in Warwickshire, Marsh has attempted to remind UK businesses of the need to be vigilant about their fire safety and risk assessment.
Inga Beale lands M&A job at Zurich
Global insurer Zurich has announced that former Converium chief executive Inga Beale will join the company as head of organisational transformation management and mergers & acquisitions as of January 1, 2008.
Lloyd's issues China insurance trends report
Lloyd’s has launched a research report on China’s rapidly developing insurance market. The publication explores the key trends in the Chinese non-life insurance market and the opportunities they present for specialist players.
Towergate emphasises security of client data
The chief executives of Towergate and Open International attended the Open User Group AGM last week to outline their plans for the business following the recent acquisition.
First UK insurance special purpose vehicle authorised
UK life insurer Legal & General has converted a subsidiary company into an insurance special purpose vehicle (ISPV), creating the UK's first such entity.
Provident launches new motor facility
Provident Insurance has launched a new initiative that it says will help smaller brokers fight back and capture some of the business that has moved away in recent years.
NIG Network offers brokers a bite of the Apple
Insurer NIG is giving brokers the chance to win over £2,000 worth of the latest must-have Apple products when they obtain a commercial package quote from the NIG Network (www.nignetwork.com).
Hannover Re 3Q results show net income over $400m
Hannover Re has reported a group net income of €296m ($434m) for the third quarter of this year – an increase of almost 140% on the same period of 2006.