News
Quinn Direct rating outlook positive at Moody's
Moody's Investors Service has assigned a positive outlook to the Baa2 Insurance Financial Strength Rating of Quinn Direct Insurance. The rating action reflects further maturity of the QDI business, as seen in both sustained profitability and an enhanced…
Chronic pain claims rising says Keoghs
Claims for damages in respect of long term chronic pain are on the increase according to national law firm Keoghs.
Beazley boss reduces activities
Lloyd's insurer Beazley's chief executive and founder Andrew Beazley will be undergoing medical treatment in the coming months and will therefore have a reduced day-to-day involvement in the business.
JLT signs exclusive Arab trading agreement
Arab Commercial Enterprises and Jardine Lloyd Thompson are establishing a joint-venture company in Saudi Arabia to support an exclusive trading agreement for the Kingdom and to underline their commitment to seek to align their interests, wherever…
Homeserve set to take on 500 new workers
Emergency insurance provider Homeserve is set to recruit 500 workers at its new Preston call centre.
Montpelier buys US excess & surplus insurance shell
Bermudian reinsurer Montpelier Re has gained access to 38 US states with the purchase of General Agents Insurance Company of America.
Crawford launches repair estimating service
Crawford & Company UK has launched NetRate 2007, a web-based scheduling tool to help contractors determine repair costs for schedules of work. The rates allow for regional variations and have also been independently benchmarked.
RSA develops flood risk assessment tool
Royal & SunAlliance (RSA) has introduced a range of new services for its property investor customers, including an assessment of the risk of flooding in their potential investment areas.
Colemont recruits for marine and energy business
Colemont Insurance Brokers has announced the recent appointment of Paul Marketis and Alan Stewart to the marine & energy division.
Chaucer continues with improved prior year forecast
Chaucer has announced improvements in its prior year business forecasts, after catastrophe-related losses settled within budget and reserve releases continued this trend.
Watson Wyatt was never told about letting brokers pay claims
On the first day after the summer recess the trial heard evidence from Mark Trayhorn, actuary at Watson Wyatt, the consulting actuary for Independent, writes Michelle Worvell .
Fortis and Equity join Caravan panel
Fortis and Equity Red Star have joined the panel of scheme provider Insuremycaravan.
Age limit reverse from Mondial UK and Easyjet
EasyJet and Mondial UK, have removed the upper age limit on single trip travel insurance policies.
Helphire pays £10.7m for legal services acquisitions
Helphire Group has entered into a commercial agreement with CS2 Lawyers Limited and has acquired the CS2 Group of legal services businesses.
Hiscox buys into PI broker Allison and Partners
Hiscox has bought 49% of UK Professional Indemnity broker and underwriting agency, Allison and Partners Insurance Services. The deal includes an option to buy the remaining 51% in the future.
Names' agency in £15m float plan
Lloyd's Members agency Hampden has announced its latest plan to lure private capital with a new vehicle targeting investors of more modest means.
Former Aon CEO joins bank
Philip Gore-Randall, a director and former COO of Aon UK, is joining the board of Halifax Bank of Scotland next month as chief operating officer.
Friends Provident launches online protection service
Friends Provident has enhanced its protection offer with the launch of an online income protection quote service. Advisers can now quote and produce an illustration for individual IP and cover through the company’s website.
Protectagroup swoops for former Opus CEO in commercial push
ProtectaGroup has continued its commercial division with two high-profile appointments.
Paterson takes development role at Thatcham
Thatcham has appointed Mike Paterson as business development manager, a new role intended to maximise business opportunities for the insurers’ research centre.
Guy Carp chair defects to Aon
Aon has announced that Geoff Bromley will join the company as vice chairman of Aon Re Global. In the role, Mr Bromley will lead Aon Re's operations in the United Kingdom, Europe, Africa and Middle East and Asia Pacific.
THB Global links up with specialist rail and transport business
THB Global Risks has entered into an exclusive consultancy agreement with F&H Business Solutions.
Heath Lambert profit reaches £10.2m for first half
Heath Lambert, has revealed its profit before interest, taxation and amortisation (PBITA) is up 19 per cent to £10.2m on last year’s first half.
Treasury confirms IMD exemption
The British International Freight Association today welcomed the news that Treasury officials have confirmed that the Insurance Mediation Directive Exemption for freight forwarders has now come into force.