News
Fitch affirms Everest Re ratings
Fitch Ratings has affirmed all ratings related to Everest Re Group, including the 'A+' Issuer Default Rating (IDR) and 'A' senior debt rating of intermediate holding company, Everest Reinsurance Holdings, (Everest Holdings), the 'A-' trust preferred…
Heritage reports float details
The board of Heritage Underwriting Agency has officially announced its intention to float on AIM.
Chubb in Irish launch
Chubb Europe has launched its luxury motor insurance product, Masterpiece Motor, into Ireland.
Guy Carp hails resilient Lloyd’s market
Guy Carpenter has praised the strength, stability and adaptability of Lloyd’s in its fourth annual report on the (re)insurance market.
Southern China hit by Bilis
At least 150 people are now known to have died in southern China from tropical storm Bilis.
Broker restructures after doubling staff and business
Michael Pavey Holdings has announced a retsructuring after establishing five offices and doubling its to over 50. It now claims to be one of the top three insurance brokerages in the South West.
Aon claims number one spot with acquisition
Aon Czech Republic has acquired Stach Group, the fourth largest insurance broker in Czech Republic and Slovak Republic. The new organisation - which it claims is now largest insurance brokerage and risk management company both locally and in the Slovak…
East Anglian broker buy boosts business
The general insurance services of Mansbook Brosche has been transferred to Norwich and Peterborough Insurance Brokers, the general insurance broking arm of the Building Society.
Towergate strikes major deal
Consolidator Towergate today announced is moving 800 users onto Sirius 21 to centralise its IT under a fully hosted deployment managed by Sirius.
Aon stresses importance of D&O cover prior to Rosneft flotation
Rosneft’s planned flotation on the London and Moscow markets has highlighted a number of risks company directors should be aware of, according to a senior director at Aon
Groupama adds to its distribution team
Groupama Healthcare has appointed Pete West as Key Account Manager for the Southern region. He will be responsible for Groupama Healthcare’s intermediary relationships across the South of the UK
Zurich reviews products ahead of sector push
Zurich claims to have enhanced its charities and voluntary organisations proposition after a review. The sector is led by head of charities and voluntary sector, Paul Emery.
Norwich Union backs rule change
Motor insurer Norwich Union has welcomed a new rule governing vehicle child and baby seats, which is set to come into force this September.
Highway launches new network
Motor insurer Highway has launched its own dedicated repairer network for private vehicles. The network will work alongside its existing in-house claims service.
Fitch affirms Aviva ratings
Fitch Ratings has affirmed the Insurer Financial Strength ratings of Aviva's main UK life insurance operating subsidiaries at 'AA'.
Best affirms Africa Re
AM Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of African Reinsurance Corporation (Nigeria). The outlook for both ratings has been revised to stable from negative.
Aon extends Dennis Mahoney’s contract
Aon has extended the personal employment contract of Dennis Mahoney, the chairman and chief executive officer of its UK arm, to 2015.
RSA endorses ABI's personal injury report
Royal and Sun Alliance said today its own experience supported the Association of British Insurers’ report "Outcomes for legally represented and unrepresented claimants in personal injury compensation." The insurer added that it will publish the findings…
Lloyd's predicts reduced Central Fund contributions by 2008
In a letter to market CEOs today Lloyd's director, finance and risk management, Luke Savage has predicted that it may be able to cut the contribution to the Central Fund rate in 2008, a year earlier than originally anticipated.
FSCS declares 87 firms in default
The Financial Services Compensation Scheme has declared 87 investment firms in default. The FSCS revealed that consumers can claim up to £48,000 if they have lost money from one of the firms.
JLT plummets near to 52 week low after Heath talks collapse
Broker JLT share price has fallen steadily throughout the morning on news that talks with Heath Lambert have collapsed.
MIB completes procurement review
Medico-Legal Reporting has been appointed as a preferred supplier by the Motor Insurers’ Bureau.
XL adds exec to new ‘office of the CEO’
Bermudian (re)insurer XL Capital has announced that Michael Lobdell, a former managing director of New York-based JPMorganChase, will join in September to serve as chief executive – global business services.
Security Capital sets $500m IPO terms
Security Capital Assurance, the credit (re)insurer being spun off from Bermudian (re)insurer XL Insurance, has announced the terms of its impending New York Stock Exchange IPO.