News
AA index claims premiums at highest ever level
Car insurance premiums have reached their highest ever level, according to AA Insurance’s benchmark British insurance premium Index.
Carribean financial services giant buys Lloyd's insurer
Carribean financial services group Sagicor, through its subsidiary Sagicor Europe, has purchased the Gerling at Lloyd's Group, encompassing the managing agency, Syndicate 1206, its capital provider and its service company.
Irish injury payouts exceed £67 million
Over £67 million has been awarded by the Irish Personal Injuries Assessment Board since it was launched in 2004.
Biba warns FSA over latest retail review
The British Insurance Brokers’ Association has announced its support for the Association of Independent Financial Advisers’ calls to ensure that regulatory changes emerging from the Financial Service Authority’s Retail Distribution Review do not result…
Terror threat has fragmented, says Aon
A terrorism threat map launched today by Aon has suggested that the scope and shape of terrorist threats around the world are shifting.
Towergate settlement could cost Beckett £1m
Towergate Partnership has said today it has accepted a substantial settlement from Bob Beckett and his co-defendants to resolve the dispute over the breaching of restrictive covenants by Mr Beckett and former Towergate employees who joined him at…
Amlin acquires £5.2m agency
Amlin has acquired Allied Cedar Insurance Group the holding company of Allied Underwriting Agencies and Cedar Insurance Company.
Chinese earthquake causes $250m economic loss
The recent earthquake that struck the Chinese province of Yunnan will cost some 1.91RMB ($250m) in economic losses, according to a new study by Risk Management Solutions, and the Institute of Engineering Mechanics (IEM) in China.
Insurers get their wish as flood defence budget to top £800m
The government has announced its spending on flood defences will rise to £800m a year.
Tempers frayed in final months
Independent’s former audit committee chairman today said how he was “hopping mad” when told that the November 2000 audit was to be postponed for a second time, writes Martin Friel .
Appointment at Davies Lavery
Davies Lavery has appointed Claire Bowler as a partner in its catastrophic injury team.
AMG opens new office
AMG has recently opened a new state-of-the-art regional office just outside Cannock to accommodate its expansion in the midlands.
Angel Underwriting in strategic alliance with Catlin UK
Directors’ & Officers’ (D&O) specialist, Angel Underwriting has announced that it will be providing D&O and professional indemnity (PI) liability cover through Catlin Insurance Company (UK).
Arista adds Trades and Professionals to portfolio
Commercial lines underwriting organisation Arista has launched a policy to cover tradesmen and professionals, designed for businesses that generally do not have premises, typically home-based tradesmen or professionals.
Groupama promotes two for regions push
Groupama Insurances has created two new regional business development manager positions to focus on the growing number of relationships with provincial intermediaries operating nationwide.
Burniston leaves Illium
Denis Burniston has left his position of active underwriter at Illium.
Cost of California wildfire exceeds $100m
A wildfire that tore through El Dorado County, California, has cost insurers up to $150m, according to Risk Management Solutions (RMS).
Flagstone gears up with $100m debt sale
Bermudian reinsurer Flagstone Re has announced that it has raised $100m through two private sales of junior subordinated deferrable interest debentures.
THB hires four from Heath
Thompson Heath and Bond has hired a new wholesale team from Heath Lambert. The team includes Graham Lawrenson, Andy Wigg, Barry Jones and Jim Quinton.
LIU appoints regional PI underwriter
Liberty International Underwriters has appointed Sean Gilborson as regional underwriter for professional indemnity at its Bristol office.
Arista launches home-based tradesmen cover
Arista launched a policy to cover tradesmen and professionals, designed for businesses that generally do not have premises, typically home-based tradesmen or professionals.
New rules on electrical waste products imposed
Waste Electrical and Electronic Equipment Regulations came into effect on 1 July, with new legal obligations on the electrical industry to ensure proper disposal of goods, in a bid to reduce their environmental impact.
Policyfast adds breakdown cover
Policyfast, the web based wholesaling intermediary has added the option of RAC breakdown cover to its quotations.
ABI predits £1bn losses from flood claims
The Association of British Insurers has given a bleak assessment of claims resulting from recent flooding, doubling RMS' estimate yesterday with a prediction of £1bn in liabilities. In a statement issued today, the ABI said insurers are working round the…