News
Chartis exits "challenging" public sector
Chartis has claimed it is withdrawing from a longstanding arrangement underwriting UK public sector risks on behalf of an AJ Gallagher subsidiary because of a failure to secure "adequate and sustainable terms".
Direct Line Group to pay shareholders £500m dividend
Direct Line Group directors have declared an interim dividend in an aggregate amount of £500m.
A third of general insurers to re-price products in run-up to Solvency II
Increasing numbers of insurers plan to re-price and reorganise their product mix in response to the introduction of Solvency II regulations, according to a Deloitte Survey.
In conversation with Davies: Crawford and Coombes on life with Electra
At the tail end of September 2011, the claims solutions provider Davies refinanced, with the existing management and Electra Partners agreeing a buyout that saw Lloyds Development Capital exit the business.
Barbon names new chief executive
Barbon Insurance Group has appointed Mike Ramsey as chief executive officer.
Personal injury cases being auctioned off to the highest bidder
Law firm Spencers Solicitors said it has "lifted the lid" on the "questionable and dehumanising" insurer practice of injured persons auctions.
Insurers to revamp and re-price products for Solvency II
An increasing number of insurers plan to re-price and reorganise their product mix in response to Solvency II, a Deloitte report has found.
Amlin brings in QBE man Boreham to strengthen casualty offering
Amlin has appointed former QBE boss Martin Boreham as leading class underwriter at the firm's international casualty operation.
Sprinklers could have prevented Peterboat Close fire disruption
A large fire broke out at a chemical processing plant in south east London in the early hours of this morning.
XL allows collateral trusts in place of letters of credit
XL Group is now accepting collateral trusts in lieu of letters of credit used as collateral for corporate deductible and captive insurance programmes in the UK.
QBE underwrites RMP's public sector business
QBE Europe will underwrite the public sector business of AJ Gallagher subsidiary Risk Management Partners from 1 July.
Cobra extends takeover deadline
Cobra has extended the takeover deadline to 7 June as it continues to liaise with Alto Intermediary.
Tawa aquires Oberösterreichische Versicherung's run-off portfolio
Tawa's German subsidiary, Hamburger Internationale Rückversicherung AG, has taken over a reinsurance portfolio in run-off from Austrian insurer Oberösterreichische Versicherung AG.
Axa admits to Ted Baker policy wording 'ambiguity'
Axa has admitted that there was "some ambiguity" in the wording of clothing retailer Ted Baker's commercial combined policy, despite rejecting the company's claim for theft by an employee.
Axa fails in bid to re-enter Taiwan market
Taiwan's insurance regulator has refused to allow Axa to re-enter the market owing to concerns about the French insurer's commitment.
Arista boosts profit to £1.3m in 2011
Commercial lines managing general agent Arista Insurance posted an EBITDA profit of £1.334m during 2011, up from £683,000 in 2010.
QBE wins Gallagher deal
QBE Europe has been appointed to underwrite public sector business for AJ Gallagher subsidiary RMP from 1 July.
RSA teams up with aquaculture underwriting facility
RSA has entered into a partnership deal with Global Aquaculture Insurance Consortium, a specialist aquaculture insurance underwriting facility administered by Lloyd's broker Alwen Hough Johnson.
Amlin consolidates European operation
Amlin has consolidated all commercial insurance activities in mainland Europe with the integration of its French operation into its Netherlands base.
Lloyd's reduces exposure to euro
Lloyd's of London has reduced its exposure "as much as possible" to the crisis-hit eurozone in preparation for a collapse of the bloc's single currency.
Indian health insurance dependent on income
Around 15% of Indian households have reported hospitalisation of one member at least once in the past year, according to an ICICI Lombard-NCAER survey.
Retailer Ted Baker claims victory over Axa in employee theft case
British clothing retailer Ted Baker said it has won a "critical" ruling in the High Court in its dispute with Axa.
GAB Robins claims director joins Crawford
Former GAB Robins director Paul Bowyer has joined Crawford & Company as general property claims director.
Aviva lends West Yorkshire Police £104m to revamp facilities
Aviva Commercial Finance has handed over more than £104m of senior debt to fund two new West Yorkshire Police Authority divisional headquarters, custody suites and a specialist operational training facility.