News
Ai Claims profits up 38%
Motor claims management firm, Ai Claims, has reported a profit after tax of £2.7m in the year to 30 June 2011 - up 38% on the £1.9m it made the previous financial year.
Cobra sells broking operations to Aston Scott
Cobra has sold its insurance broking operations in Caterham and Alton to ASG Risk Management, a subsidiary of Aston Scott Group.
AM Best calls for UK insurer price hikes
UK Insurers need to put up prices and cannot release reserves for much longer because of the weak economy ruining investment returns, AM Best has warned.
Lloyd’s pips AIG in surplus lines
The surplus lines industry suffered an unprecedented fourth year of declining premiums in 2010 and Lloyd’s knocked AIG off the top spot, according to AM Best.
Genworth Financial places new reinsurance treaty for European mortgage insurance
Specialist insurer Genworth Financial has placed a new reinsurance treaty for mortgage insurance in Europe which it says will create significant additional capacity for Genworth’s European mortgage insurance business.
Waterer to head Marsh Risk Consulting in UK and Ireland
Marsh has promoted its head of UK operational risk practice, Richard Waterer (pictured), to be head of Marsh Risk Consulting in the UK and Ireland.
Willis appoints Houston sales boss
Willis Group Holdings has today announced the appointment of Graham Farebrother to the position of executive vice president and sales team leader for the firm’s global energy operation in Houston.
Ecclesiastical’s ex-copper finds Firle vases
Hiring former Scotland Yard art and antiques chief Dick Ellis has paid off for Ecclesiastical - with the recovery of £1.3m worth of items stolen from Firle Place in West Sussex.
Argo Group opens office in Dubai
Argo Group bosses have heralded the launch of a Dubai insurance operation as a ”key component” of the company’s global expansion strategy.
RSA rules out investment in R&D of renewable energy
RSA has claimed it wants to be a major player in the renewable energy market but has stated it “won’t be at the forefront of research and development risks” as this is someone else’s job.
Sevice poll result
Are brokers prepared to switch for lower quality service at a cheaper price?
Medical provider network hits 1,400
Now Health International’s network of approved hospitals, clinics and medical practitioners around the world has broken through the 1,400 barrier in its first six months since launch.
Waterer to head Marsh Risk Consulting
Marsh has promoted its head of UK operational risk practice, Richard Waterer (pictured), to be head of Marsh Risk Consulting in the UK and Ireland.
Willis appoints new head of global aerospace
Willis Group has appointed Rolls Royce Group’s head of risk, Mark Wilford, as chairman of the company’s aerospace division.
Generali’s ‘AA’ rating affirmed despite Italian sovereign downgrade
Italian insurer Assicurazioni Generali SpA's credit rating of ‘AA’ has been affirmed by Standard and Poor’s, , despite the recent downgrade of the Republic of Italy’s sovereign credit rating.
Thurston Smith opens in Birmingham
Hertfordshire-based insurance recruitment firm Thurston Smith has opened a second office, based in Birmingham’s Victoria Square.
Ellis Clowes opens Banbury office
Lloyd's insurance broker Ellis Clowes has opened its second office in Banbury.
Willis and XL move to e-accounting
The London-based operations of insurer XL Group and broker Willis are now using the Acord electronic accounting process between the two companies.
Bollington gives Barnes new risk role
Niche and affinity commercial insurance broker Bollington has appointed Andy Barnes to the new role of head of risk management to expand its 20-strong risk management services.
Plum helps brokers with unusual risks
Non-standard household insurance specialist Plum Underwriting has launched a series of workshops to teach brokers how to benefit from the growing demand for non-standard household risks.
IFB puts fraud searches on web portal
The IFB is making 128 million anti-fraud insurance records available on a web portal to provide fraud scores and intelligence reports.
Marsh and AAIB to cover Iraq land rigs
Marsh has tied up with Anglo Arab Insurance Brokers to provide insurance cover for oil rig drilling contractors in Iraq.
Renewable manufacturers call for tariff withdrawal protection
The insurance industry could play a crucial role in supplying protection against u-turns in European government policy and provide vital support for the emerging renewables market.
Former Lloyd's chair Taylor joins Jubilee as Ryan finalises deal
Ryan Specialty Group has completed the acquisition of specialist Lloyd’s insurer Jubilee Group Holdings and announced a host of key appointments.