News
Barlow Lyde and Gilbert recruits insurance specialist
Barlow Lyde and Gilbert LLP has recruited James Parker, currently at Lovells, as a partner.
Jelf acquires Aldershot-based broker
Jelf Group has acquired the business of Aldershot-based insurance broker Sunninghill Insurance Brokers, reports Post.
Arista moves into taxi sector schemes market with Kent broker
The commercial lines underwriting organisation Arista has launched its first scheme with the development of a tailored taxi product through Robert Nott Insurance Brokers. This move follows the company’s recent launch and the appointment of Simon…
Meteo Group launches online archive of UK historical weather data
An online archive of UK historical weather data is being launched this week by Meteo Group. The site www.meteoarchive.com provides a database of historical weather information going back ten years which can be accessed by the public and industry in order…
AWAC teams up with CV Starr for US excess casualty
Bermudian (re)insurer Allied World Assurance Company (AWAC) has announced a tie-up with specialist underwriting agency CV Starr.
Former GCHQ head takes on chairmanship of fire inspection body
The National Security Inspectorate has appointed Sir Francis Richards as its new chairman, following the retirement of Sir Michael Bett.
Ace first to offer online environmental cover
Ace European Group (Ace) has today announced that its Commercial Premises Pollution Liability (PPL) product is available online via its fully automated e-commerce platform, Ace Online.
Oil industry has to react after number of kidnaps reaches 70 in four months
The oil industry must address employee concerns following the kidnapping of six more expatriates in Nigeria yesterday, according to Aon.
Markel gwp increases by 4% to $213m
Market International has seen its gross written premiums in the first quarter of 2007 increase by just 4% to $213m, compared to $205m in the first quarter of 2006.
McManus heralds new chapter at Willis
Willis has confirmed that Royal and Sun Alliance managing director of broker, Brendan McManus will join as part of a wider restructrure.
IGI confirms its sale to US firm Amtrust
IGI Group has confirmed that it has been acquired by AmTrust Financial Services, as revealed by Post (5 April 2007, p1).
Pinsent Masons hires ex-Clifford Chance insurance expert
Pinsent Masons, has appointed a new partner in its insurance and reinsurance group. Colin Read, who joins the firm from Clifford Chance in the summer, specialises in large-scale insurance and reinsurance disputes for a variety of insurance sector clients…
EL market recovered but rate rises needed
The UK employers’ liability insurance market has recovered from an earlier crisis which saw gross written premiums fall in 2005 and 2006, according to a new report by Datamonitor.
Swinton profits rise 26%
Swinton has announced record profits and its sixth consecutive year of growth with a 26% increase in its surplus.
Chubb places $250m East Lane Re Cat bonds
Global specialist insurer Chubb has bought securitised reinsurance worth $250m to protect its Northeastern US hurricane exposure over a four-year period, a ratings note from agency AM Best reveals.
Chubb appoints Midlands' development manager
Chubb Insurance has appointed Harry Brown as branch development manager at Chubb’s Midlands office.
McManus quits RSA to take Willis helm
Brendan McManus, Royal and Sun Alliance's managing director, broker division is to leave the insurer to become chief executive of Willis UK and Ireland.
Recently rebranded insurer nets £100m deal
Recently rebranded mutual insurer LV has completed a deal with Help the Aged, the charity for older people, to offer personal lines insurance primarily to the over 50s market. It predicts the deal could be worth £100m alone in the medium term.
Commercial rates continue to fall survey claims
According to the Risk and Insurance Management Society Benchmark Survey, the first quarter of 2007 reflected a continuation of the same commercial insurance pricing trends reported in 2006.
Hyperion revenues grow to £34m
Hyperion has reported increases of 24% in turnover and 37% in operating profits, for the year ending 30 September 2006.
IUA hopes website will create 'virtual communities'
The International Underwriting Association (IUA) has updated its website in a bid to create an onlin...
Allianz launches first UK flood-risk catastrophe bond
The first catastrophe bond to cover British flooding has been issued by German insurance company All...
Capita announces £32m CMGL buy
Capita Group has acquired London Market claims-outsourcing specialist CMGL from Sovereign Capital Pa...
IPO raises $111m for CastlePoint
CastlePoint Holdings has floated on the NASDAQ Global Market with an initial public offering (IPO) o...