News
Mapfre in record $2.2bn US merger
Spanish insurer Mapfre and US insurer Commerce have announced the signing of a merger agreement by which Mapfre will acquire 100 per cent of Commerce for €1,538m ($2,207m).
Insurewithease set for launch next month
A new insurance website is launching with the aim of becoming one of the top personal lines insurers by 2010.
Defaqto report blasts aggregators
Defaqto has warned consumers buying insurance on the internet that they need to be careful when using web aggregator sites.
Marsh Launches Global Events Practice
Marsh has launched a Global Events Practice to provide risk and insurance solutions to sports and events clients worldwide.
Marsh launches new sports and events arm
Marsh has today launched a global events practice to provide risk and insurance solutions to sports and events clients worldwide.
Private equity firm buys Cunningham Lindsey
Private equity fund manager Stone Point has agreed a deal to acquire a majority stake in Cunningham Lindsey.
Legal Services Act given Royal Assent
An independent body which will handle consumer complaints about legal services in England and Wales is now a step closer under new legislation approved today.
New Fraud Bill provision hailed
Following Royal Assent to the Serious Crime Bill today, CIFAS - The UK’s fraud prevention service welcomed the new provisions that will allow public authorities to step up their fraud prevention measures by engaging in appropriate data sharing with one…
Ironshore gains Louisiana E&S licence
Bermuda start-up Ironshore Insurance has been approved on October 25, 2007 to provide property and catastrophe insurance on an excess and surplus (E&S) basis for risks located in the state of Louisiana.
Software specialist Harlosh rebrands
Harlosh, the General Insurance technology solutions provider is rebranding to become Target Harlosh following its acquisition by Target Group.
Legal merger forms transatlantic (re)insurance giant
US law firm Edwards Angell Palmer & Dodge (EAPD) and Kendall Freeman of London have announced a plan to merge with effect January 1, 2008. .
Alec Finch recruits five including JLT bosses
Alec Finch Group has announced five new appointments for its Manchester and Halifax corporate practice.
Howden recruits to target Central and Eastern Europe
Lloyd's broker Howden has appointed Vlada Barratt as business development manager, Central & Eastern Europe. In this new role, she will be responsible for developing relationships with existing clients in the region in addition to identifying and…
Oval aquires PMI specialist UMS
Oval has acquired Bristol and Lancashire based broker United Medical Services.
Maesh reports FTSE 100 companies increasing risk reporting
FTSE 100 companies are reporting risk above and beyond what the UK’s regulatory regime requires, according to research undertaken by Marsh.
Marsh: FTSE 100 firms reporting above and beyond what is needed
FTSE 100 companies are reporting risk above and beyond what the UK’s regulatory regime requires, according to research undertaken by broker Marsh.
TLRS gains chartered status
The Chartered Insurance Institute has awarded Chartered status to broker TL Risk Solutions.
Lancashire maintains sub-50% COR as profits hit $275m
Lancashire has announced its results for the third quarter of 2007 and the nine month period ended 30 September 2007, and the establishment of a $100m share repurchase program.
Double hire completes Ark casualty reinsurance team
Ark Syndicate Management said it has completed its casualty reinsurance platform with the addition of David May as head of Casualty Re, and Andrew Aldwinckle as a senior underwriter, both from Aspen Re.
Reinsurance giant boosts Lloyd's presence with UK acquisition
Munich Re has announced plans to acquire MSP Underwriting for a figure said to be in the "mid double-digit million euro range".
Advent reports £12.9m earnings from first nine months
Lloyd's insurer Advent has reported its results for the nine months ended 30 September 2007, with profits slightly up at £12.9m.
Stewart appointed business development director at Axiom
Claims and run-off management specialist Axiom has appointed Elaine Stewart as business development director.
Willis adds Scrutton Bland
Scrutton Bland has joined the Willis Commercial Network
Venture Preference enters new market after buying broker
Axa owned Venture Preference has launched into the private medical insurance market after buying The Health Insurance Group in a deal which sees Venture Preference’s gross premium income exceed £500m.