News
Norwich Union Healthcare launches new international PMI product
Norwich Union Healthcare has announced that it will shortly be launching a new modular international PMI product to replace its existing Global Care policies.
Biba News 2009: 2010 conference moves to London with new look
Next year's British Insurance Brokers' Association Conference will take place in London and be spread over two, not three days, Professional Broking has learnt.
Biba 2009 News: FSA head admits it has been regulating on the cheap
The Financial Services Authority should have acted more quickly in the banking crisis and has been guilty of supervising some of the larger firms "on the cheap".
XL boosts London aviation team with Catlin hires
XL Insurance has hired three new underwriters from Catlin for its London-based aviation business.
QBE signs five year deal for personal injury solution
QBE has signed a five year contract with ISO to use its Claims Outcome Advisor solution, designed to provide support to claims handlers in the valuation of personal injury claims.
Benfield energy specialist returns to Marsh to lead team
Marsh has appointed Nabil Khawaja to lead its global energy practice's London-based offshore construction team. He will report to construction leader, Paul Nicholson.
Biba News 2009: ULR launches Commercial Plus policies
ULR today announed the launch of its new Commercial Plus policies at the British Insurance Brokers' Asscoiation Conference in Manchester.
Biba News 2009: Open GI Product Clinics awarded CII accreditation for second year
Open GI's free of charge broker training sessions have been accredited by the Chartered Institute of Insurance for a second year.
Mondial reports 9.6% uplift in profits for 2008
Mondial Assistance has reported sales of Eur 1.597bn for 2008, an increase of 8.6% at a constant exchange rate over the 2007 and a net profit of Eur 62.6m, an increase of 9.6%. It recorded a combined ratio of 94.9, or a 0.2 decrease compared to 2007.
Biba News 2009: BIBA chief warns "cumbersome regulation will place insurance sector and UK economy at risk."
The British Insurance Brokers' Association chief executive, Eric Galbraith, has called on the Government to recognise the value of the insurance industry and to help it respond to the global challenges. Speaking at the annual BIBA conference in…
Biba News 2009: Conference attracts significant numbers on day one
The British Insurance Brokers' Association conference in Manchester look set to be the best attended yet.
Lloyd's insurer responds to private equity approach
Lloyd's insurer Chaucer has responded to this announcement made this morning Pamplona Capital Management with regard a cash offer for a stake in the business.
Biba News 2009: Young achievers honoured
The British Insurance Brokers' Association has named Neil Grimshaw of Ravenhall Risk Solutions as its Young Broker of the Year, and John Miller of Bluefin Group as winner of the Francis Perkins Award.
Chaucer agrees to enter into Pamplona discussions
Chaucer, the sought-after Lloyd's (re)insurer, has agreed to enter into takeover talks with private equity firm Pamplona as well as other parties.
Biba News 2009: Sterling offers up new survey offering to brokers
High net worth and commercial insurer Sterling has launched a no cost, no obligation pre-cover commercial survey service to help its brokers win new business.
Private equity house in cash offer for Chaucer stake
Pamplona Capital Management this morning confirmed its interest in acquiring up to 29.9% of the issued share capital of Chaucer Holdings by means of a partial cash offer. Final details of any proposed partial cash offer are still to be finalised.
Private equity firm interested in buying part of Chaucer
Private equity firm Pamplona Capital Management has said that it interested in acquiring up to 29.9% of the issued share capital of Chaucer Holdings by means of a partial cash offer.
RSA raises £500m of debt
RSA, the insurance giant, said that it has raised £500m of lower tier two subordinated debt.
Private equity firm interested in buying part of Chaucer
Private equity firm Pamplona Capital Management has said that it is interested in buying 29.9% of Lloyd's (re)insurer Chaucer.
Fortis UK GWP up 7% on quarter one 2008
Fortis Insurance International this morning reported that total gross inflow (including non-consolidated joint ventures on a 100% basis) increased 22% quarter on quarter to EUR 2.3 bn despite difficult market conditions. Compared to the first quarter of…
AIG to IPO Asian life unit - reports
AIG plans to spin off its Asian life insurance unit in a $5-10bn Hong Kong initial public offering in the first quarter of next year, according to reports.
Biba News 2009: DAS outlines ambitions for "market leading" offer
DAS Legal Expenses Insurance is to unevil its new motor solution to brokers at BIBA, which it has high ambitions of becoming a market leading offer.
Biba News 2009: Provident in new motor add ons push
Provident Insurance has added to its range of add-on motor policies with the launch of a product to financially assist motorists against the effects of the depreciating value of their vehicles in the event of a total loss.
MPs call for FSA regulation of personal injury claims
Five MPs have tabled an early day motion calling for the Financial Services Authority to step in and regulate the way in which personal injury claims are handled.