News
Equity acquires book from Lincoln broker
Equity Insurance Group has acquired the general book of Lincoln broker, O'Halloran & Co.
Changes at the top in Colemont aviation
Colemont Insurance Brokers has appointed Tim Liddiard as managing director of its aviation division. David Tyler, previously managing director, has been appointed executive chairman of the division.
FSA – Consumers to benefit from PPI refunds agreement
Consumers who have bought payment protection insurance (PPI) with a single premium will benefit from a series of measures relating to the fairness and transparency of refunds agreed between the Financial Services Authority (FSA) and the PPI industry.
Lloyd's Chinese start-up given equal rating
A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a” to Lloyd’s Reinsurance Company (China), which is in line with the corporation's UK rating. The outlook on the FSR is stable, and the outlook on the ICR…
Capita announces £32m CMGL buy
Capita Group has acquired London market claims outsourcing specialist CMGL from Sovereign Capital Partners for £32m.
Budget hires IT director
Budget has appointed David Matthewman as IT director, a newly created role, to head up an expanding in-house IT team to support the group’s ambitious strategic growth plans.
Study reveals Scottish flooding misery
Losing family photos and other personal belongings has a greater impact than the direct financial cost for people whose homes have been hit by flooding, a new study at the University of Dundee has found.
Global broker seeks to dominate world-wide SME markets
Willis is accelerating its effort to grow its business among small companies around the world with the appointment of Tom Bartleet as CEO of the global small commercial business.
Willis Re says global softening trend continues at 1st April renewals
Reinsurance broker Willis Re has said that the April 1 reinsurance renewals have seen pricing stay flat or fall and that barring a major catastrophe it expects the trend to accelerate with the July 1 renewals across all lines of business
QBE launches combined PI book with DA Constable integration
Following the announcement in December 2006 about its plans to integrate the professional indemnity (PI) portfolios of QBE Insurance (Europe) [QIE] and DA Constable Syndicate 386 [386], QBE has launched QBE PI.
QBE launches combined PI book with DA Constable integration
Following the announcement in December 2006 about its plans to integrate the professional indemnity portfolios of QBE Insurance (Europe) and DA Constable Syndicate 386, QBE has launched of QBE PI.
Aon aiming for US marine growth
Aon's marine team is planning to build its book of US business by appointing Paul White to a newly created role of head of the Americas liability team.
Regulatory risk tops survey of insurers and brokers
95% of insurers identified regulatory risk as the single biggest challenge facing them over the next two years - ahead of operational and financial risk. According to a survey by insurance accountant and consultant Moore Stephens 93% of responses from…
Liberty appoints Kynixa for liability claims
Liberty International Underwriters has entered into an arrangement with Kynixa to provide rehabilitation services to employees covered under Liberty’s employers’ liability policies.
QBE launches nationwide recruitment programme
QBE has launched a nationwide recruitment programme to find and develop insurance leaders of the future.
UnumProvident to launch international rehab qualification
An international qualification is to be offered for the first time in the UK for professionals who provide return-to-work and rehabilitation management services. Candidates will be able to sit the inaugural examination this year on the 23rd May in…
Shareholders opt to rescue Scottish Re
Troubled life reinsurer Scottish Re has announced its shareholders have approved proposals relating ...
Aon and Benfield in $18.6m settlement
A settlement has been reached between Aon Re Global and Benfield Group after former Benfield faculta...
Kiln to open $314.9m domicile in Bermuda
Lloyd's insurer Kiln is to form a new Bermudian-domiciled holding company for the Kiln Group and to ...
PXRE wins back rating from AM Best as Peleus Re gets an 'A-'
Rating agency AM Best has assigned a financial-strength rating (FSR) of 'A-' to Bermudian start-up r...
Converium finally regains 'A' rating
Standard & Poor's (S&P) has raised Swiss reinsurer Converium's long-term financial strength rating t...
Florida sees 15% off high-risk rates
Florida's state-owned insurer of last resort, Citizens Insurance, has filed the rate decreases it wi...
Benfield Corporate Risks spoils 2006 results party celebrations
(Re)insurance broker Benfield stunned the financial markets by unveiling a dismal performance from i...
Atlantic hurricane season forecast for 2007 'worst ever'
Climatologists at Tropical Storm Risk (TSR) have increased their forecast for Atlantic hurricane act...