News
UAE premium growth shifting away from commercial sectors – S&P
A ratings agency report on the United Arab Emirates shows insurance penetration in the region is still growing, with geographical distribution similar to previous years, premium growth has shifted to the personal/retail sectors from commercial sectors…
Goldman Sachs does not have E&O cover
Goldman Sachs, the investment banking giant that has recently been indicted by the SEC for fraud, does not carry E&O insurance, market sources have told Reinsurance.
Munich Re places North Carolina cat bond
Munich Re has placed a catastrophe bond to cover two North Carolina insurance groups' hurricane exposures.
Crawford appoints new head of project management
Claims management firm Crawford & Company has named Michael Jones as its new head of project management within its global technical services division.
ABI hits out at "act of God" myth over travel claims
The Association of British Insurers has hit out at the "urban myth" that insurers are relying on an “Act of God” clause to refuse claims from customers stranded abroad by the ongoing aviation disruption.
Amlin takes 25% stake in new Charles Manchester MGA
Charles Manchester, former CEO of Dickson Manchester and HCC International, has teamed up with Michael Cant, previously director at Saturn Professional Risks, to form a new MGA called Manchester Underwriting Management.
TIP recruits two new staff to York office
The insurance partnership has recruited Bob Blackburn as association director and Nick Savage as a key commercial account handler.
AIG linked with Goldman Sachs legal action as Clegg weighs in
AIG is reported to be considering action against Goldman Sachs.
Hiscox backs new underwriting start up
White Oak Underwriting Agency has commenced underwriting, initially targetting the 'automobile and mobile equipment industries'.
FSA playing hard ball over Quinn's UK return
The Financial Services Authority is reported to be playing hard ball over Quinn's re-entry into the UK insurance market.
FSA playing hard ball over Quinn's UK return
The Financial Services Authority is reported to be playing hard ball over Quinn's re-entry into the UK insurance market.
10 years ago: Service standards are blasted
Today's London insurance market has "completely unacceptable service standards", with both documentation and claims payments far too slow.
RFIB
RFIB Group has appointed Karl Haynes as director of international claims.
Oxygen appoints new head of affinity
Oxygen Insurance Brokers has appointed Steve Johnson as head of affinity.
Defaqto
Defaqto has appointed Zahid Bilgrami as chief operating officer, with a view to driving performance improvements, inorganic growth and operational excellence.
Lloyd's gears up for launch of comprehensive career schemes
Initiatives are well under way at Lloyd's to enhance its educational offerings. Lynn Rouse details the latest projects designed to boost career and competency development.
QBE to trial psych testing
QBE is to trial behavioural assessment firm Thomas International in a bid to improve the risk management of its fleet driver clients.