News
Axiom launches dedicated broker back office outsourcing company
Axiom has launched Axiom Brokers Services. This new business division, led by Michael Campbell has been created to provide a suite of back office outsourcing and in-sourcing solutions for Lloyd’s brokers.
Argenta makes senior appointments
Argenta Holding's chief executive officer, Andrew Annandale, has been appointed managing director of Argenta Syndicate Management in addition to his main board role, while Graham White has been appointed managing director of Argenta Private Capital.
Willis building sold to Kuwait firm for £400m
According to trade publication Property Week, British Land has sold Willis' new City headquarters opposite Lloyd's to St Martins Property Group, the real estate arm of the Kuwait Investment Authority, for £400m.
JLT poised for Lloyd's broker swoop
Broking giant JLT is understood to be in discussion with HWS Holdings that could see it buy all or part of the Lloyd’s broker.
Abbey reports 9% increase in profits
Abbey Protection has reported a 9% growth in pre-tax profits to £7.3m on revenue up 11% to £27.3m.
SCOR unveils new London office structure
Global reinsurer SCOR has revealed a new structure for its reorgansed London operations as follows:
Motorcyclists face hike in premiums as car drivers swap vehicles
Motocyclists looking for affordable insurance will need to search harder for the best quote as premiums rise in response to the swelling ranks of riders taking to the roads, Onlyinsurance.com has warned.
RMS launches new catastrophe modelling service
Risk Management Solutions has launched a new catastrophe modelling analysis service Risk Analytics.
Beazley Group selects new claims handling system
Beazley Group has selected Guidewire Claim Center as its new claims handling system.
Europ Assistance and Marsh claim 'first' for travel insurance
Club Méditerranée, the Europ Assistance Group and Marsh have signed what they claim is a "ground-breaking agreement in the tourism market allowing the first international travel insurance programme to be launched".
Deacon and Arag launch new legal expenses cover
Blocks of flats insurance specialist Deacon has launched a new legal expenses policy in conjunction with niche legal insurance provider Arag.
Deacon teams up with Arag to launch legal expenses cover
Deacon, the blocks of flats insurance specialist, has launched a new legal expenses policy in conjunction with niche legal insurance provider ARAG.
Lloyd's syndicate merger announced
Following a strategic review of its operations, Hardy has decided that syndicate 3820 will merge into syndicate 382 with effect from 1 January 2009.
IAG rejects QBE's latest takeover bid
Insurance Australia Group has rejected QBE’s latest takeover bid, describing it as being “inadequate and incomplete”.
AM Best: Foreclosed US property poses heavy fraud hazard this wind season
The next big hurricane to hit the US mainland may cross a landscape with an unusually high number of vacant houses – foreclosed, abandoned or unsold as the residential real estate and mortgage markets endure relentless turmoil, according to ratings…
Darling to meet ABI tomorrow
Chancellor Alistair Darling is set to meet the Association of British Insurers at its board meeting tomorrow to discuss a host of tax changes including the company tax on foreign earnings.
Flagstone Re to issue $120m Valais Cat bond – sources
Bermudian-headquartered reinsurer Flagstone Re is to place a $120m worldwide retro Cat bond protection through a special purpose vehicle to be known as Valais Re, sources have told Reinsurance .
JLT and Brit team up to offer online service to micro SMEs
Jardine Lloyd Thomson and Brit have teamed up to launch a online offering launched at the micro small to medium sized enterprise sector.
Innovation Group acquires National Service Network
Innovation Group, which provides outsourcing services and solutions to insurance providers, has announced that it will acquire a 100% shareholding of National Service Network for an initial consideration of £1.1m.
UK READERS: Calling all footballers - Insurance Cup London 2008
This year's Insurance Cup – The Prince’s Trust Insurance Leadership Group's six-a-side football tournament - is being held on 18 September in London's Regent's Park.
Total Flood Solutions enables Biba members to prevent properties flooding
Total Flood Solutions has extended its guarantee that properties defended by their products won’t flood to British Insurance Brokers' Association (Biba) members.
Calling all footballers - Insurance Cup 2008
This year's Insurance Cup – The Prince’s Trust Insurance Leadership Group's six-a-side football tournament - is being held on 18 September at Regent's Park. Last year's winning team, Transatlantic Re, will be looking to defend their title against almost…
UK leads the way in investing in anti-fraud technology
UK and US insurers are investing much more heavily in anti-fraud technology than their European counterparts, according to a new report by Datamonitor and Enterprise Ireland.
Cassidy Davies signs Admiral deal
Cassidy Davis, the specialist personal lines Lloyd’s insurer, has been appointed by Admiral Group, to provide premium protection insurance cover for its motor policies sold under the Admiral and Bell brands.