News
Willis and Ace Europe claim London Market e-accounting first
The London-based operations of Ace and Willis today announced the successful launch of a full electronic accounting process between the two companies - a London Market Group (LMG) non bureau project first.
Magnitude 5.8 earthquake strikes Virginia
According to catastrophe modeling firm AIR Worldwide, the largest earthquake to strike Virginia in more than a century rattled buildings in downtown Richmond and caused evacuations across the east coast.
Post Office names head of insurance
Post Office Financial Services has confirmed the appointment of Rob Clarkson as its new insurance director.
Ace makes double environmental appointment
Ace has appointed Robert Wade and Hayley Dixon as underwriters in its environmental liability team.
Admiral shares fall 7.5% in early trades
Admiral shares was the biggest loser on Britain's benchmark FTSE 100 index in the first two hours or trading this morning.
Towergate makes corporate department addition in Perth
Towergate Insurance has today unveiled the appointment of Scott Brown, who moves to the firm from Giles Insurance Brokers.
Ageas UK reports £23.7m H1 insurance profit
Ageas UK has reported total income up 84.5% to £882.0m for the first six months of 2011 compared to same period 2010.
Admiral sees 38% jump in ancillary profit as it records £160.6m PBT at H1
Admiral has recorded a profit before tax at £160.6 million for the first six months of 2011, 27% ahead of H1 2010, while turnover rose 53% to £1.1bn.
Ex-Aviva CEO Snowball extends Suncorp contract until 2015
Suncorp Group Limited today announced chief executive Patrick Snowball would move from a fixed term employment contract to a rolling contract.
US insurers lost $27bn on H1 catastrophes
AM Best estimates US insurers’ pre-tax catastrophe-related losses in the first half of 2011, were $27bn, up $15.1bn, or 127%, from $11.9bn reported during the same period a year ago.
Cunningham Lindsey adjusters return from N Z to handle riots
A five-strong team of Cunningham Lindsey UK loss adjusters have returned from New Zealand following a two month “tour of duty”.
Zurich snaps up former Chubb HNW staff
Zurich has appointed Lennox Bunting as London market manager and Alan Gorman as senior development underwriter to the insurer’s private clients’ new London team.
Accenture ties up Duck Creek Technologies acquisition
Accenture has today finalised the acquisition of Duck Creek Technologies in a deal which will see 370 employees of the software solutions business in both the US and UK move companies.
G Cube increases wind and solar capacity
Renewable energy insurance specialist G Cube has increased its underwriting capacity for wind and solar projects to $680m (£411.3m).
Hurricane Irene gets stronger
Hurricane Irene has intensified to a category 2 hurricane and is expected to continue to strengthen, becoming a major hurricane of category 3 and above, warns Risk Management Solutions.
Motor insurers ease cover rules for volunteers
Motor insurers have given the green light to volunteers who want to use their cars to help out their local communities by promising not to charge extra premiums.
Aim targets brand development with sales appointment
Aim Legal Expenses Insurance Services has appointed Ian Meachin as sales manager - as part of a push into broadening the firm's reputation among brokers, intermediaries and the automotive sector nationwide.
Duo launch psychological professionals scheme
Insurer Ecclesiastical and Oxygen Insurance Brokers have unveiled a new tailored home insurance scheme for psychological professionals.
Towergate unveils broking division MDs
Towergate Retail has appointed 11 area managing directors to head up its new broking division.
European insurers adopt Dataflux technology
Nine European insurance firms have adopted Dataflux technology to help underpin their Solvency II data management initiatives.
Elite appoints new London boss
Legal expenses insurer Elite has named Mike Payne the general manager of its London office.
Hurricane Irene heading for the US, Met Office warns
Hurricane Irene, the first of this year’s North Atlantic tropical storm season, is heading for the Bahamas and is expected to move on to the United States in the next few days, the Met Office has warned.
Zurich names global media relations head
Zurich Financial Services Group has appointed Maeve Gallagher to the role of global head media relations, with effect September 1, 2011.
AGCS names financial institutions chief
Allianz Global Corporate & Specialty has appointed Sue Yen Leow as head of financial institutions for the UK.