News
RSA opens new office in Leeds
Royal & SunAlliance has opened the doors to its new market site in Bond Court, Leeds. The new office will focus on sales and underwriting, and has been created to service RSA's broker partners in Yorkshire, Humberside and the North East.
InsureandGo launches insurance travel card
InsureandGo has launched a new card that it says will speed up the settlement of travel insurance claims and also tackle the growing problem of holiday card fraud.
RAC joins Day Insure panel
The internet based insurance provider dayinsure.com is to offer its customers motor legal protection provided by RAC Legal Services.
Munich Re leads Caribbean cat fund
The first cross-national catastrophe fund has been launched today, offering insurance cover to 16 Caribbean countries ahead of this year’s hurricane season.
Broker Network adds two members
Independent Insurance Bureau Limited and Windrush Insurance Brokers have joined the Broker Network, bringing the total number of member firms to 168.
Outright offers insurance policies to service forces
Forces Financial (formerly NAAFI Financial), has teamed up with OutRight to offer servicemen and women Car, Household, Motorcycle, Travel and Kit and Contents Insurance policies that meet the specific requirements of their demanding careers.
Novae joins Insurance Leadership Group
Novae has become a patron of The Prince's Trust's Insurance Leadership Group and has pledged to donate £100 000 to the charity over a four year period. It joins a growing list of patrons within the ILG, which was founded by chairman Steve Verrall,…
ISG plans US and Bermuda acquisitions
Former Omni Whittington directors Richard Whatton and Stephanie Mocatta have joined ISG with a strategy to purchase distressed insurance entities in the US and Bermuda.
Chubb places $250m cat bonds
Global specialist insurer Chubb has bought securitised reinsurance worth $250m to protect its Northe...
AWAC and CV Starr join forces
Bermudian (re)insurer Allied World Assurance Company (AWAC) has announced a tie-up with specialist u...
9/11 payouts hit $37bn, claims III
Insurers in three US states have paid an estimated $37bn in property, life and liability claims for ...
Travelers buys $500m cat bond
US insurance group Travelers has placed a $500m catastrophe-bond programme through Cayman Islands sp...
Grant Thornton sets initial dividend at 100% for UIC
Grant Thornton's financial-markets group claimed it has set the first-ever initial dividend for an i...
$2bn 9/11 insurance settlement made
A groundbreaking $2bn settlement of claims arising from the destruction by terrorists of the New Yor...
Ace Europe opens Prague and Budapest offices
Ace Europe has opened two new offices in Budapest and Prague as part of its expansion in Central and...
AIR adds Carvill US wind index to models
Reinsurance intermediary Carvill has announced an agreement with modelling firm AIR Worldwide Corpor...
Repeat of 1927 flood may cost $160bn
The Great Mississippi Flood of 1927 - the largest flood disaster in US history - would rack up $160b...
Brit sells RI3K control
Brit, the international (re)insurer, has ended months of speculation by announcing it has sold a 56%...
Breach of contract lawsuit
Guy Carpenter sues three London Integro defectors
Partner Re buys non-French renewal rights of MCR
Partner Re has signed a definitive agreement with the French Monceau Group, effective 1 July 2007, t...
Cooper Gay sells stake in business
Cooper Gay has announced that SC Insurance and Risk Services (SGPS), a subsidiary of the Portuguese ...
$600m new Pentelia reinsurance venture launched in Bermuda
Bermudian (re)insurance group White Mountains has joined forces with French investment bank NATIXIS ...
Fear of kidnapping must be addressed
Global broker Aon has called on the oil industry to address employee concerns over the increasing nu...
Flagstone Re first to graduate with second rating
Class of 2005 Bermudian reinsurance start-up Flagstone Re has been awarded an 'A-' rating from ratin...