News
Assurant launches domestic emergency product
Assurant Solutions Intermediary has launched Home Emergency Assistance.
ACE launches ACE Elite
ACE has launched ACE Elite, a portfolio of liability products designed to provide more relevant and appropriate protection in addressing the increased exposure of individuals and their personal assets.
Scor continues recovery as Converium buy beds down
European reinsurer Scor has posted third quarter results that shows underlying organic growth in the three pre-existing business that it has acquired to make up the new group.
Assurant Solutions Intermediary launches Home Emergency Assistance
Assurant Solutions Intermediary, a specialist in the mortgage intermediary market, haslaunched Home Emergency Assistance.
Reformed funding model for FSCS to operate from next year
The Financial Services Authority (FSA) has confirmed the future funding arrangements for the Financial Services Compensation Scheme (FSCS) which will operate from 1 April 2008.
Government urged to act over foreign drivers
Increased driving between countries is leading to more collisions throughout Europe, according to a report published today by the Association of British Insurers.
ABI reports rise in uninsured drivers caught
Law-breaking motorists are feeling the heat, as record numbers of uninsured vehicles are being seized and crushed, according to figures released today at the Association of British Insurer’s annual motor conference.
Amlin to return £120m to shareholders
Lloyd's insurer Amlin today announced that it will, subject to shareholder approval at an extraordinary general meeting to be held on 12 December 2007, return approximately £120m of capital to shareholders. This equates to 22.4 pence per ordinary share.
Primary General founder Davey quits
Primary General chairman Jonathan Davey is looking for a new job having quit the company he founded in 2002.
Equity unveils latest buy
Representing its 15th regional purchase so far this year, Equity Insurance Group has today acquired Cleethorpes broker, Martin Anderson Insurance Consultants.
Algerian oil giant forms captive in Luxemburg
Algeria’s state-run oil company Sonatrach has opted to set up a captive reinsurance company in Luxemburg.
Broker Direct appoints commercial sales director
Broker Direct had appointed Paul Brierley as director of sales and marketing to spearhead development of its commercial business.
S&P: Bermuda riding high but tough renewal looms
Ratings agency Standard & Poors has published a report highlighting a financially strong Bermuda (re)insurance market, but one facing difficult challenges as the market softens.
Lockton recruits Oxygen boss as MD of international construction
Lockton International has appointed Duncan Urquhart as managing director for its international construction team.
Aon sells wholesale travel book to Citybond
Citybond Suretravel has acquired Aon's wholesale travel insurance book of business with effect from 1st November 2007.
Euler Hermes boss to take over as AMG CEO
A recent strategic review at AMG has led to number of senior management changes: the appointment of a new chief executive officer and a revised role for Kevin Wood.
Allianz wins Royal Albert Hall contract
Allianz Engineering has been selected to provide engineering insurance / inspection services and computer cover for The Royal Albert Hall.
Ecclesiastical fight backs against thieves with team up
Ecclesiastical has teamed up with experts in forensic security Smart Water to protect every Anglican church it insures from metal thieves – totalling more than 16 500 churches.
Venture Preference acquires three brokers
Axa-owned Venture Preference has acquired two brokers through its Smart & Cook business and one via its Stuart Alexander business to boost its SME broker’s GWP by £25m.
Jon Dye to head up enlarged Allianz personal lines division
Allianz Insurance is restructuring its operation to create a new trading division focussing exclusively on the insurance needs of individual customers.
Melling joins Marsh to head up European consumer practice
Mike Melling has been appointed as chief executive of Marsh's consumer practice in Europe, the Middle East and Africa. Based in London, Mr Melling will report to Alex Moczarski, CEO of Marsh EMEA and Hank Allen, CEO of Marsh’s global consumer practice.
Appointement at Mondial
Mondial Assistance has appointed Jody Baker as business development manager for corporate and travel.
Berville takes over from Geden as AMI chairman
The Association of Mutual Insurers has announced the appointment of Graham Berville as its new chair.
Saudi Reinsurance Company approved
The Kingdom of Saudi Arabia has approved the establishment of a reinsurance company, Saudi Re, or E'ada.