News
Appointment at Lloyd's
Lloyd's has made Ian Faragher chief operating officer of its new Chinese onshore reinsurance operati...
Appointment at Misys
Misys has made John Fitzsimons account manager to support brokers in the North region. He previously...
Aon launches benefits service
Aon has launched a general insurance-led corporate benefits service. Aon Select will provide home, m...
What the papers said this week
Daily Mail Direct Line reported that tailgating is the biggest cause of road rage on motorways. Its...
Network to buy agency
Cobra Network plans to purchase an underwriting agency to go with its retail operation, the firm sai...
Appointment at HSBC Insurance Brokers
HSBC Insurance Brokers has hired Alexander Pohl as project manager, corporate finance division. He p...
Thatchgard launches new alarm system
With more than 70 fires since the beginning of the year, Thatchgard has launched an alarm system tha...
DCA and ASA debate banning of PI adverts
The prospect of banning advertisements encouraging personal injury claims could move a step closer w...
Bank replaces failed TPA
Retail giant Argos has claimed that it was already negotiating with new partner Lloyds TSB Insurance...
Appointment at Jelf Group
Jelf Group has recruited Mark Davis an independent financial adviser, where he will be focusing on i...
Increased investment returns mask premium decline at XL
Unveiling record 1st quarter 2006 results, buoyed by a 50% increase in investment returns over the same quarter a year earlier, Bermudian (re)insurer XL reported a 17.8% decline in net reinsurance premium for the period, blaming ongoing risk management…
EC green light for Swiss-GEIS deal
The European Commission has cleared the proposed acquisition of a substantial part of the direct insurance and reinsurance businesses of GEIS by Swiss Re.
Partner Re to play more in tight US property zone in 2006
In a first-quarter earnings announcement, Patrick Thiele, CEO of Bermudian reinsurer Partner Re, hinted that his company was prepared to up its risk appetite where demand was strongest to make the most of the divergent global reinsurance market.
BCWA research finds poor knowledge of PMI prices
Despite 17% of the UK’s self-employed population believing private medical insurance is too expensive, nearly three quarters of the nation’s owner-managers have no idea how much a policy actually costs.
Aon: London terrorism threat no greater than 2005
The terrorism threat escalated in five countries during the course of 2005, according to the 2006 Terrorism Threat Map, released by Aon Limited today.
IPCRE pleased with “disciplined” class of 2005
In a first quarter results announcement Bermudian reinsurer IPC Re has welcomed the caution and discipline of the latest batch of entrants to the reinsurance market.
RSA review leads to unit sale
Parabis today announced it will take over the FirstAssist Uninsured Loss Recovery operation based in Halifax as of 1 May 2006. This arrangement follows the decision by Royal & Sun Alliance to review its ULR work which has been handled by FirstAssist…
London PI market stagnates on price
The professional indemnity market in London is bucking trends with either no change or minimal rate increases, according to the latest Willis Index for accountants and auditors in the first quarter of 2006.
Assurant Solutions in MPP push
Assurant Solutions today unveiled a mortgage payment protection product called The Matrix. It will enable lenders and brokers to help consumers exposed to the risk of rising repossessions and increasing levels of debt by creating tailored cover that for…
Brit positive after renewals and GWP up in first quarter
Brit Insurance this morning said gross premiums written to the end of March 2006 totalled 373.9m pounds compared with 366.1 pounds for the previous year. The announcement came ahead of its Annual General Meeting, to be held later today.
NU parent expands in China
Aviva, the world’s sixth largest insurer, has received regulatory approval for its joint-venture company, Aviva-COFCO, to open a branch office in the city of Jinan, the capital of Shandong province on China's east coast.
CEA reorganises management structure
Following a meeting of its Presidential Council, CEA, the representative organisation for Europe’s insurers, has today announced details of a new management structure.
Lloyds TSB wins vacant Argos insurance contract
Lloyds TSB Insurance has won the tender to supply home and motor insurance to the customers of Argos following a competitive tender. The move is part of an expansion by Lloyds TSB Insurance into the corporate partnerships market to offer its products and…
Lloyd's appoints Faragher to China post
Lloyd's has appointed Ian Faragher as chief operating officer of its new Chinese onshore reinsurance operation in Shanghai, Lloyd's Reinsurance Company (China) Ltd.