News
Law Society: Professional indemnity renewals are still a problem
Lawyers have found it harder to get professional indemnity insurance this year with roughly one in three firms having problems, up from one in five last year, according to the Law Society’s PII survey.
NIG appoints head of agricultural business
Commercial insurer NIG has appointed Andy Brock as its head of agricultural business.
1 Answer Insurance and 1 Answer Network set up office together
1 Answer Insurance is to share purpose-built premises with 1 Answer Network in a move the company directors’ hope will enable the firms to benefit from economies of scale and greater expansion options.
Fitch affirms German mutual Gothaer's 'A' rating
Fitch Ratings has affirmed Gothaer Allgemeine Versicherung AG's and Gothaer Lebensversicherung AG's insurer financial strength ratings at 'A' and long-term issuer default ratings at 'A-'.
Power Place appoints regional sales manager
Power Place has appointed a sales manager to oversee the Wales, West and Central region as part of a new strategic business development focus.
Munich Re in solar energy deal in Spain and Italy
Munich Re and investment firm Kohlberg Kravis Roberts & Co have partnered to acquire a 49% equity stake in Grupo T-Solar, the largest European solar photovoltaic power generator.
Equity Direct Broking races to Silverstone classic car and bike deal
Silverstone Circuit has appointed Equity Direct Broking to administer its classic car and bike insurance schemes.
Bennetts appoints e-commerce and marketing experts
Bike insurance provider Bennetts is expanding its e-Commerce team with the appointment of two new senior-level e-commerce and marketing experts.
Axa announces profit growth
Axa Assistance has announced a 5.2% growth in income from 2009 and an increase in net profit of £6.6m.
Länsförsäkringar selects model partner
Swedish insurer Länsförsäkringar has selected Barrie & Hibbert’s economic scenario generator to be used within its Solvency II internal model.
Zurich adds referral fee clause
Zurich has added a clause to its terms of business arrangement that requires all personal lines brokers to reveal details of referral fee income involving its customers.
Länsförsäkringar selects model partner
Swedish insurer Länsförsäkringar has selected Barrie & Hibbert’s economic scenario generator to be used within its Solvency II internal model.
Law firms anticipate rise in risk management costs
More than 85% of law firms expect the cost of risk management to rise, according to a survey by Travelers.
AM Best affirms ratings of German insurer SOVAG
AM Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of 'bbb' of SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG. The outlook for both ratings remains stable.
Allianz recruit strengthens XL property business
XL Insurance has appointed Ralf Brunner property underwriting manager for Germany and Switzerland, based in Munich.
MMA plots commercial lines expansion
MMA Insurance has announced a string of nationwide appointments and promotions within its commercial underwriting team.
AM Best affirms ratings of German insurer SOVAG
AM Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of 'bbb' of SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG. The outlook for both ratings remains stable.
Allianz recruit strengthens XL property business
XL Insurance has appointed Ralf Brunner property underwriting manager for Germany and Switzerland, based in Munich.
Volkswagen launches accident management product
Volkswagen Insurance Service, the insurance arm of Volkswagen Financial Services, has launched an accident management product.
RSA relaunches into legal indemnity market
RSA has linked with specialist broker Litigation Protection to offer more indemnity products for solicitors and licensed conveyancers and says it wants to become the dominant insurer in the market.
China’s insurance market continue to grow
Chinese insurance companies' premium income topped 805.66 billion yuan (US$123.95bn) in the first half of the year, up 13% year on year, the China Insurance Regulatory Commission said.
Cunningham Lindsey appoints non executive director
Cunningham Lindsey UK has appointed Gerry Loughney as non executive director.
Axa recruitment signals "core market growth"
Axa Assistance UK today announced the appointment of Kelly Ward as sales and marketing director with a view to accelerating growth in the motor, property, health and legal assistance sectors.
Solvency II: Defining a practical implementation strategy
If you missed the recent live webinar in conjunction with Sas debating Solvency II and practical implementation strategies - it is now available for viewing on-demand.