News
Bermuda premier opens election campaign with savage attack
Bermuda’s premier Ewart Brown has launched an astonishing attack on the opposition United Bermuda Party (UBP) party who he claims “unceasingly attempted to smear” him over alleged government corruption listed in a leaked police file.
ABI pushes adaptation message at Environment Agency conference
The Government's Climate Change Bill must face up to the consequences of more erratic and dangerous weather, as well as the causes, according to Stephen Haddrill, Director General of the Association of British Insurers.
BGL aggregator appoints agency for £20m advertising push
Price comparison site comparethemarket.com has completed a media agency review, selecting ZenithOptimedia as its preferred agency.
Marsh hails employee's top score in IRM module
Rhiannon Jones, a consultant in the risk strategies team at Marsh has achieved the highest score globally in the ‘risk and control’ final-year module of the Institute of Risk Management’s diploma.
Zenith hires Nationwide for motor claims
Zenith Insurance has appointed Nationwide Network Services to provide first notification of loss and accident management services on its range of motor insurance policies including private car, commercial vehicles and taxis. This 2-year appointment…
Construction firms to benefit from Moorhouse Homepro collaboration
Moorhouse Group has teamed up with Homepro and The Insurance Services (UK), an innovator of home improvement protection products, to provide a white labelled insurance service to their small to medium-sized enterproses (SME) construction clients.
Norwich Union in strategic management reshuffle
Norwich Union Insurance has announced significant changes to its operating model. The company said the move, which involves a number of senior executive role changes, is designed to drive growth and improve service by making the most of its market…
Goldmans enters Lloyd’s with $135m Arrow syndicate for 2008
Goldman sachs is to set up a Lloyd’s syndicate for 2008 to with a stamp capacity of £65m ($135m) for the 2008 year of account.
Cats hit Munich’s 3Q reinsurance results
Munich re has unveiled third-quarter 2007 results showing it wrote €5,476m for a combined ratio of 97.1% against premiums of €5,504m and a combined ratio of 92% in same period a year earlier.
Boisseau steps up as Lefevre quits Groupama UK
Pierre Lefèvre has been appointed as chief of Groupama’s Italian subsidiary companies: Groupama Assicurazioni, Groupama Vita and the newly acquired Nuova Tirrena.
Associate promotions at Plexus Law
Plexus Law has announced that Heather Grimbaldeston, Connie Cobb and Justin Collins have all been promoted to associate partner.
CSC finds flood risk will make insurance unaffordable
A new study by Computer Sciences Corporation has found that 91% of UK insurance professionals believe insuring homeowners with properties at risk of flooding will become “unaffordable” unless the Government increases its flood defence spending.
QBE announces 1 Jan rebrand
QBE has announced the rebrand of Limit, Ensign and MBP under the QBE name and the simultaneous launch of its new product and distribution structure.
Ironshore buys US admitted shell
Bermudian start-up Ironshore's US subsidiary has completed the acquisition of Stockbridge Insurance Company, a US-based admitted insurance company, from Folksamerica Reinsurance Company. Subject to regulatory name change approval, the company will be…
NU completes £1.7bn five year deal
Aviva announced today that it has completed the acquisition of Hamilton Insurance Company and Hamilton Life Assurance Company from HFC Bank, a subsidiary of HSBC Finance Corporation. The Hamilton companies, which provide a range of creditor insurance…
Integro announces Guy Carp recruits
Integro has appointed two principals to the firm’s recently launched insurance and reinsurance group based in London. John Millar and Andrzej Danyluk both join Integro from Guy Carpenter.
Montpelier completes US E&S buy
Montpelier US, the Hartford-based subsidiary of Bermudian reinsurer Montpelier Re has completed the purchase of US excess & surplus lines company General Agents Insurance Company of America, after receiving regulatory approval from the Oklahoma…
MIB pays out £110k settlement in diesel spill claim
The family of a motorcyclist who died as a result of spilt diesel on the road has been awarded £110,000 in compensation for what is believed to be the UK’s first claim of its kind.
MMA looks to strengthen electronic capability
Intermediary-only insurer MMA has announced the appointment of Ian Josephs as electronic distribution manager to develop its electronic trading capabilities.
RSA invests in the future
Royal & SunAlliance has announced the launch of a new apprenticeship scheme in its engineering team's consultancy division.
PwC called in as insurer declared insolvent
Dan Schwarzmann and Mark Batten from PricewaterhouseCoopers LLP were today appointed joint administrators of Highlands Insurance Company (UK) after the directors concluded that the company was insolvent.
Four arrested after Allianz motor fraud investigation
Merseyside Police arrested four people on Tuesday, 30 October as part of an ongoing investigation into motor insurance fraud.
Evolution targets North with appointment
Evolution Underwriting has appointed Jon Denney as business development executive. Mr Denney joins from commercial insurance broker, Wilby and his previous experience has included commercial broking and insurer roles.
Markel International sees dip in GWP
Markel International reported an 8% reduction in gross written premiums to $162m for the third quarter of 2007 from $176m in the same period of 2006.