News
Dry spell linked to subsidence risk
As the Met Office confirms the first five months of 2010 in the UK to be the driest since 1964, it is likely there could be a rise in subsidence claims, according to Cunningham Lindsey.
RSA sets sights on yachts
RSA is set to launch a new specialist Yacht Alliance policy.
Brit rejects £10.50 share bid
The board of Brit Insurance has posted an update on the progress of its sale negotiations with private investment firm Apollo Global Management.
Aviva revamps technology offering
Aviva has made changes to its commercial combined policies to better meet the needs of customers within the technology sector.
Caribbean risk pool prepares for "above normal" hurricane activity
All 16 members of the Caribbean Catastrophe Risk Insurance Facility have renewed their policies for hurricane and earthquake coverage for the 2010/11 year beginning on 1 June – the start of the hurricane season.
RSA launches new multi-cover SBC product
RSA has launched a new multi-cover small business combined product, designed to meet the needs of small wholesale, manufacturing and warehousing businesses.
Galvin joins Ceiop's board
The Committee of Insurance and Occupational Pensions Supervisors has appointed two new managing board members Bill Galvin (United Kingdom, The Pensions Regulator) and Damian Jaworski (Poland, KNF).
Hurricane Alex losses of $200m predicted
Catastrophe risk modeling firm AIR Worldwide estimates that insurable losses (losses from properties that are eligible for insurance, whether or not they are actually insured) from Hurricane Alex are not expected to exceed $200m.
Loss adjuster opens Swiss office with new hire
Charles Taylor adjusting has expanded its capabilities in onshore energy and industrial property claims adjusting with the appointment of Eric Capewell who will head up its new office in Geneva, Switzerland.
Galvin joins Ceiop's board
The Committee of Insurance and Occupational Pensions Supervisors has appointed two new managing board members Bill Galvin (United Kingdom, The Pensions Regulator) and Damian Jaworski (Poland, KNF).
Fortis confirms acquisition of Kwik Fit insurance business
Kwik Fit Group today announced that it has entered into a binding agreement to sell its UK insurance business to Fortis UK in a £215m cash deal.
Loss adjuster opens Swiss office with new hire
Charles Taylor adjusting has expanded its capabilities in onshore energy and industrial property claims adjusting with the appointment of Eric Capewell who will head up its new office in Geneva, Switzerland.
Post Europe July
Post Europe’s July edition is now live.
Insurance Insight July
Insurance Insight’s July edition is now live.
First Zurich apprentices qualify
The first people in Zurich to undergo a new industry-driven insurance apprenticeship have qualified at their Cardiff location.
Cable's committee sharpens scissors
A new Cabinet committee, chaired by business secretary Vince Cable and charged with with reducing the heavy burden of red tape on business, met for the first time today.
Equity World Cup competition – week four: It’s all over for England
Following four unconvincing performances by England’s football team, it was down to old foes Germany to put the national squad out of its misery.
XL redomiciles to Ireland with new name
XL Group has completed its previously announced redomestication to change the parent holding company’s place of incorporation to Ireland from the Cayman Islands.
IPT rise adds to NHS pressure
The Association of Medical Insurance Intermediaries has slammed the 1% rise in insurance premium tax from 5% to 6% in last week’s Budget claiming it puts the NHS under greater pressure.
Amlin backs new Dual division
Dual Corporate Risks has launched a property & casualty division with initial capacity to be provided by Amlin.
Markel revamps property division
Markel International has reorganised its property division in a bid to enhance the service it offers brokers and ensure better market coverage.
Hurricane Alex makes landfall on Texas-Mexico border
Hurricane Alex drenched the Texas-Mexico border in the early hours on Thursday as the powerful storm slammed into Mexico's Gulf coast, spawning tornadoes and flooding towns, but sparing US oil wells.
House passes financial reform bill
The US House of Representatives approved a landmark overhaul of financial regulations on Wednesday but the Senate put off action until mid-July, delaying a final victory for President Barack Obama.
Jubilee names new motor boss
Jubilee Managing Agency has appointed John Shepherd as head of motor at Jubilee Syndicate 5820.