News
TomTom targets Europe with new telematics product
Dutch navigation systems maker TomTom NV is making a foray into the telematics market after teaming up to produce a device to track driver behaviour.
Vietnam's finance ministry calls for consolidation to strengthen insurance market
Vietnam’s finance ministry plans to restructure the country’s insurance industry this year in a bid to stabilize the market, according to reports in the local press.
Axa Commercial goes live with management liability cover
Axa Commercial Lines has launched a management liability policy on Power Place.
RBSI rebrands as Direct Line
Companies House files have revealed that RBS Insurance Group has changed its name to one of its most recognisable brands, Direct Line Insurance Group.
Transactor Poland expands Cracow office
Transactor Poland is leasing additional office space for up to 30 staff in Cracow following its successful launch in September 2011.
Lloyd's reaches out to Indian market
Lloyd's managing agents and brokers from London and Singapore attended Lloyd’s first seminar in India today.
AmWINS deal gives THB “firepower”
Frank Murphy, chief executive of THB Group, told Post that it is “business as usual” in London following the AmWINS takeover of the THB Group.
Amlin estimates $50m-$70m in Thai floods claims
Lloyd’s (re)insurer Amlin said today it expects property and casualty reinsurance claims for the Thai floods to be in the range of $50m to $70m (€53m), net of reinsurance recoveries.
Aspen blames 'challenging year' for operating loss
Aspen Insurance Holdings chief executive Chris O’Kane has bemoaned a near record year for catastrophes for an operating loss of $1.26 (80p) per share in 2011, however, he was eager to point more positive results from the company’s casualty and specialty…
ABS applications to the SRA at 96 and counting
The Solicitors Regulation Authority has today revealed that the number of firms which have officially requested to be licensed as alternative business structures has almost reached the 100 mark.
Frontline makes eCommerce appointment for in-house brands
BGL Group’s Frontline division has confirmed the appointment of former Bauer Media employee Steve Maile as ecommerce manager for all in-house brands.
Growth creates paradigm shift for energy risk
The rapid evolution of the global hydrocarbon industry is creating a seismic change in the risk landscape for energy businesses, according to a report released by Marsh at its National Oil Companies conference in Dubai.
RSA wins Home Retail pet insurance contract
RSA has been awarded a five-year contract by the Home Retail Group to be the sole provider of its pet insurance for Argos and Homebase.
Willis broker network welcomes 10 new members
Global insurance broker Willis has added 10 new members to its N2 broker network bringing the total membership to 34.
Irwin Mitchell boosts ABS plans with NED appointment
Irwin Mitchell has stepped up its preparations to become an alternative business structure with the appointment of former KPMG partner Mel Egglenton as a non-executive director and chair of the law firm’s audit committee.
Former RBSI and Zurich European boss Court resurfaces at Admiral
Admiral has appointed Annette Court as an independent non-executive director, subject to FSA approval.
Marsh warns oil firms of risk changes
Broker Marsh has warned that the rapid evolution of the global hydrocarbon industry is creating a “seismic change” in the risk landscape for energy businesses.
Underinsured commercial properties on the rise
A growing number of property owners are under insuring their buildings, according to analysis by Cadogan Keelan Westall.
Charles Taylor appoints Dubai-based energy adjuster
Charles Taylor adjusting has recruited Robert Sands as energy adjuster in Dubai.
JLT Specialty launches risk practice division
Bosses at JLT Specialty have revealed that a heavier emphasis on specialisms combined with increased investment in both the London and regional markets will form the basis of the firm’s newly launched risk practice division.
Acquisition-hungry Beazley still in profit
Lloyd’s insurer Beazley reported a profit of $62.7m, down 75%, despite catastrophe losses and said it had a war chest of more than $400m to buy Hardy, other Lloyd’s businesses or European insurers struggling with solvency II.
6.7 magnitude quake hits Philippines
A 6.7 magnitude earthquake struck the central Philippines yesterday, killing at least 40 people and causing damage to property in the region.
Tokio Marine hires ex-RSA construction underwriter
Tokio Marine Europe has appointed David Wainwright to lead a new construction practice for the company in the UK.
Flood forces Essex residents out of homes
Around 30 homes were evacuated in Essex after water started gushing from a drain this morning.