News
BPIF and RK Harrison team up to offer print policies
The British Printing Industries Federation has appointed independent broker RK Harrison as its partner in launching BPIF Insurance Services, a scheme developed exclusively for members to be launched in August.
RSA launches new freight product
RSA has launched a new freight product for road haulage contractors with a turnover exceeding £1m and other companies that transport or store third party cargo.
Hartford unveils plans for coastal homeowners insurance
(BESTWIRE) Hartford Financial Services Group is joining a growing list of insurance companies to unveil plans they say are solutions to the coastal homeowners insurance issue.
Aon sizing up Benfield bid
Aon is sizing up an approach for UK reinsurance broker Benfield, according to the Daily Telegraph .
Giles strikes fifth Welsh deal in five months
Giles Insurance Brokers continues its expansion into Wales with the completion of its fifth acquisition in as many months.
RSA widens repair network
RSA has acquired a fifth quality repair centre in Bristol and appointed Paul Nightingale as its managing director.
White Mountains Re sends White Mountains in second quarter net loss
White Mountains Re, the reinsurance arm of US (re)insurance group White Mountains, helped to send its company to a loss of $9m in the second quarter – a $112m swing from the $103m of net income in recorded in the same period of 2007.
Ace launches enhanced D&O cover in response to heightened risks
Ace Europe has extendedd its Elite IV directors' and officers' liability insurance cover.
Broker Direct launches new network
Broker Direct has launched a new network specifically aimed at members of the Institute of Insurance Brokers, as revealed by Post yesterday.
Cats and week investment income forces Odyssey's Q2 net income slide
Odyssey Re, the Bermudian (re)insurer, said that second quarter net income dropped to $65.2m from $145.5m a year earlier, hurt by catastrophe losses and weaker investment income.
Law firm takes on personal injury team
Law firm Greenwoods Solicitors has taken on the defendant personal injury team from Edwards Duthie.
Amlin acquires motor book for £20m
Amlin syndicate 2001 has acquired for cash, the renewal rights to approximately £20m of general commercial motor fleet insurance from HCC Underwriting Agency, which will be integrated into Amlin Insurance Services, the UK Commercial Division of the Amlin…
Aggregator calls for tough action as cost of uninsured drivers revealed
Comparethemarket has found UK drivers are paying, on average, £31 a year more on their car insurance in order to cover for people who are uninsured, which equates to more than £500m according to the Motor Insurance Bureau figures. This figure doesn’t…
Broker Direct rolls out online comparative facility
Broker Direct, the insurance underwriting and services organisation owned by brokers, has launched a comparative commercial product onto its new online full cycle quote and buy system.
Aon Q2 net income jumps, helped by $1.1bn positive charge
Aon's second quarter net income improved to $1.1bn in the second quarter from $240m the year before, helped by a positive charge of $1bn for its sales of insurers CICA and Sterling.
JLT pre tax profit falls 30%
Broker JLT this morning reported a 9% increase in fees and commissions to £266.2m and 4.9% jump in underlying trading profit to £44m for the first half of 2008. However, its profit before tax fell 30% to £53.4m.
Scor buys Prévoyance Ré in France for €73m
Scor, the French (re)insurer, said it has bought French (re)insurer Prévoyance et Réassurance and its Life and Health reinsurance subsidiary Prévoyance Ré from rival Malakoff Médéric for €73m.
Marsh awarded first-ever captive insurance licence for Dubai
Marsh has been awarded a licence to provide captive insurance management in Dubai. Operating as Mar...
Cooper Gay: have money, will buy
Cooper Gay has signed a £31.6m ($63m) senior debt financing facility with National Australia Bank, L...
Guy Carpenter, Willis Re point to softening cycle
Reinsurance prices dropped again at the 1/7 renewals deadline, according to reports from Guy Carpent...
M&A continues as Tokio buys Philadelphia Consolidated for $4.7bn
Tokio Marine has announced that it has entered into a definitive agreement under which Tokio will ac...
Hurriance Dolly losses could reach $700m - AIR
Losses from Hurriance Dolly could reach $700m, according to a report from AIR. AIR added that the "...
Ace completes redomicilation to Switzerland
Ace Limited has completed its previously announced redomestication of the company, from the Cayman I...
IFEX adds Florida and Gulf Coast contracts
Cat futures firm IFEX has announced that the Chicago Climate Futures Exchange (CCFE) started listing...