News
Groupama launches security product
Groupama Insurance has launched the latest ‘exclusively’ product for commercial brokers.
Aon claims the aviation market remains stable, with premiums up 1%
Aon Risk Services has reported that average lead hull and liability prices in the airline insurance market have been relatively stable so far in 2011, held in check by the low level of losses and abundant market capacity.
Fraudsters jailed for £100 000 insurance scam
A team of fraudsters who attempted to cheat insurers out of £100 000 have been warned by a judge that a message "must go out" that people involved in large-scale insurance fraud will receive prison sentences.
AM Best Europe recruits new MD
Stefan Holzberger has joined AM Best’s European business in the role of managing director, analytics.
Brit still in profit at H1 2011 despite 15.5% COR hit for major claims
Brit Insurance has this morning reported that its profit before tax was £6.8m for the first six months of 2011 (30 June 2010: £77.5m). Excluding the effect of foreign exchange on non-monetary items it was £1.6m (30 June 2010: £72.8m).
AM Best appoints Holzberger as EMEA MD
AM Best has appointed Stefan Holzberger as managing director, analytics.
BGL Group expands board
BGL Group has made a series of appointments to its main board as part of a restructure that establishes four operating groups.
Sean Quinn’s new venture has no Malta licence
The Malta Financial Services Authority has denied reports that Sean Quinn has a Malta- based insurance licence for his new insurance company, Q2, according to sister publication Insurance Age.
Bluefin opens Cardiff office
Bluefin Insurance Services is opening a new branch of its Professions operations in Cardiff.
Towergate Scotland appoints MD
Towergate Insurance in Scotland has appointed Gordon Crosbie as managing director of its Perth and Stirling businesses.
Farm Web recruits area underwriting manager
David Harrison has been appointed area underwriting manager for Farm Web. He takes up the post with immediate effect.
Allianz launches three new account development roles
Three new roles dedicated to providing clients with a direct point of contact for specialised technical advice have been rolled out at Allianz Engineering.
LIU Europe appoints environmental liability underwriter for France
Liberty International Underwriters in Europe (LIU Europe) has appointed Audrey Mondin as environmental impairment liability underwriter in its Paris Office.
RFIB recruits new international boss from Price Forbes
RFIB Group, the Lloyd’s insurance and reinsurance broker, has recruited Andrew Hutchings as divisional director in RFIB International.
Mapfre Re financial strength rating affirmed
AM Best Europe has affirmed the FSR of A+ (superior) and issuer credit rating of “aa-” of Mapfre Re, Compania de Reaseguros, SA. The outlook for both ratings remains negative.
Fitch affirms Lloyd's of London IFS rating at A+
Fitch Ratings has affirmed Lloyd's of London's insurer financial strength rating at 'A+'.
Irish Quinn founder plans insurance return via Malta
Sean Quinn, founder of troubled Irish insurer Quinn, is understood to have acquired a Malta-based insurance licence to help his return to the insurance market.
Aon makes senior European appointments
Aon Risk Solutions has made three senior-level appointments for Aon GRIP Solutions in Europe, the Middle East and Africa.
Bosna Re receives B+ rating
Bosna Reosiguranje dd Sarajevo has received a financial strength rating of B+ (Good) and issuer credit rating of “bbb-”, with a stable outlook for both.
Axa launches first products on Powerplace
Axa Commercial Lines has launched its tradesmen and professional liability products on Powerplace, the online commercial insurance marketplace.
Bollington expands Compuquote facility with exclusive Aviva tie-up
Bollington Underwriting has secured an agreement with Aviva to re-launch its exclusive self-drive hire facility.
Quinn founder plots insurance return with Malta-based Q2
Sean Quinn has acquired a Malta-based insurance licence which will allow him to return to the market in the coming months, it has been reported.
Crawford announces up to 50 redundancies
Crawford & Company said that it expects less than 50 roles to be made redundant as a result of its business review.
Argent Liability Adjusters prepares for major loss capability expansion
Argent Liability Adjusters has responded to increased client and market demand by forming a major, complex and specialty loss practice.