News
Zurich extends D&O cover in answer to new Companies Act
Zurich in the UK, working in partnership with City law firm, Davies Arnold Cooper is to issue an extension of coverage for its Directors and Officers (D&O) policy wording in response to the new law and procedures now in place under the Companies Act 2006…
Biba adds voice to Pitt report supporters
The British Insurance Brokers’ Association has welcomed Sir Michael Pitt’s report and urged the Government to announce its action plan taking forward the recommendations as a priority.
Ecclesiastical ups claims strength
Ecclesiastical has announced the appointment of Chris Lynwood as technical casualty manager.
Gallagher UK deputy CEO to join rival RFIB
RFIB Group has appointed Dominic Hagger, currently deputy chief executive officer of Arthur J Gallagher (UK), to join the senior team driving the group’s current expansion of its international non marine insurance business.
Former Zurich risk expert joins Gable
Lucas Slob has been appointed as a non executive director of the Gable Holdings, with Tim Moss stepping down from the board in order to pursue his other business interests.
Axis Capital takes Steel from Benfield; will become new chief risk officer
Bermudian (re)insurer Axis Capital has poached senior Benfield figure Michael Steel from the reinsurance broker, the company said in a statement.
NU liability manager in electricity warning
Firms need to focus on the threat from electricity, which causes approximately 1000 incidents and kills around 25 workers each year, Norwich Union warned today.
QBE Americas appoints new CFO
Chris Fish has been appointed chief financial officer, QBE the Americas.
Nationwide: let private insurers sell flood coverage
(BestWire) — Nationwide Insurance has come up with a plan it says could put an end to the contentious wind-versus-water debate that landed so many insurers and policyholders in court following Hurricane Katrina.
Broker unveils board change
CBG, the Manchester based insurance broker, has appointed Martyn Hughes as group finance director with immediate effect.
ILFC to remain core AIG asset
ILFC, AIG’s plane leasing and remarketing business will remain a part of the company after a review, said the company in a release.
Argenta appoints executive director for claims and operations
Argenta Syndicate Management Limited, the Lloyd's (re)insurer, has appointed David Williams as executive director for claims and operations.
Giles strengthens Welsh foothold
Giles has acquired Welsh insurance firm, Paul Murphy Insurance Services.
Hiscox teams up with Confused
Confused.com has launched a new overseas home insurance service, through Hiscox Insurance, where customers can insure their holiday homes.
Marsh deal sees 600 staff move to Capita
The Capita Group and Marsh have today signed an outsourcing deal worth £187m to Capita over 10 years. Capita announced that it had been selected as preferred bidder by Marsh on 11 January this year.
Nationwide issues $250m Cat bond
Nationwide Mutual, the US insurer, has issued a $250m Cat bond through a special purpose vehicle, Caelus Re.
Aon Risk Services opens new M&A service in Middle East
Aon Risk Services has opened a new mergers and acquisitions service for private equity, sovereign funds, business-to-business, real estate and infrastructure funds based in the Middle East and North Africa (MENA) region.
Hiscox urges homeowners to focus on insurance following floods
Specialist home insurer Hiscox welcomes Sir Michael Pitt’s flood review but warns that homeowners are failing to consider insurance needs in the aftermath of such an event.
Hawaii governor signs securitization bill with captive industry
Hawaii governor Linda Lingle has signed into law a bill that enhances securitization within the state's captive insurance industry.
Insurecom cyclists help raise £1200
A team of cyclists from software house Insurecom has raised more than £1200 for the British Heart Fo...
Prejudice means employers are missing out on talent
Employers are missing out on talent by failing to understand the job-hunting habits of Britain's und...
Overcoming information overload in today's high speed environment
In today's technology-driven business environment, coping with high volumes of data and information ...
Atradius exposes managers as 'all mouth no trousers'
Credit insurer Atradius has discovered that the image senior British businessmen have of themselves ...
Pick of the Week
Post reporter Louise Meeson looks at the major stories from the general insurance market. This week: ...