News
Zurich hires Endsleigh MD as new broker chief
Mike Alcock, the current managing director of Endsleigh, has been appointed to the newly-created role of head of distribution development at Zurich, as of 1 May.
Buildings premiums up for eighth quarter running
The first quarter of 2009 saw the average quoted premium for an annual buildings insurance policy rise for the eighth successive quarter, adding a further 50p and taking it to a new high of £218.53, according to the AA's benchmark British Insurance…
AA sees first Q1 motor premium hike in six years
The average quoted premium for an annual comprehensive car insurance policy rose by more than 1 per cent over the first quarter of 2009, according to the AA's latest benchmark British Insurance Premium Index.
Loss adjuster signs major partnership deal with Legal and General
Following a comprehensive review of the way in which its household insurance claims are managed, Legal & General has decided to working more closely with Merlin Claims.
Broker joins Lockton from JLT
Mike Riddick has joined Lockton as an executive director on the broker's marine hull team after spending 14 years at Jardine Lloyd's Thompson, the group has said.
Power Place unveils Fortis Shop product
Power Place has linked up with Fortis to offer its Shop policy through its Open Trader software.
Swine Flu: World Health Organisation raises alert level to four
The World Health Organization has raised its alert level to four - just two notches below 'pandemic' level - for the swine flu after senior health officials said that the virus could not longer contained.
Fortis senior exec defects to Aon Benfield
Jean-François Walhin, formerly the head of reinsurance and non-life at Fortis, has moved to Aon Benfield to become the broker's head of analytics.
Advent posts Q1 gain
Advent, the Lloyd's (re)insurer, posted a pretax profit of £1.8m, up from a pretax loss of £5.5m this time last year.
WR Berkley Q1 net income drops over $200m
WR Berkley's first quarter net income dropped by over $200m, the company said.
Investment losses plague Partner Re's Q1 net income
PartnerRe reported net income of $141.5 m for the first quarter of 2009 from $129m in the same period last year, as investment losses hammered the company's bottom line.
XL Q1 net income drops 16%; analysts say work still to do
First quarter net income at XL Capital dropped 16% but the company is on 'solid' footing, the company's chief executive said.
Axis Q1 net income driven down by investment losses
Bermudian (re)insurer Axis Capital said that net income fell to $116m from $238m in the first quarter of the year.
Drop in loss expenses improves Montpelier's Q1 results
Montpelier Re reported first quarter net income of $52.3m, up from $0.3m this time last year.
European Union health minister: don't travel to Mexico or US
Andorra Vassiliou, the European Health Minister, has warned Europe's public not to travel to Mexico or the United States unless absolutely necessary in an effort to stop the spreading of swine flu to Europe.
Allianz warns brokers of rise in stress cases
Allianz Insurance has urged brokers to take note of new figures released by the Health and Safety Executive on stress in the workplace.
Allianz in commercial shake up
Allianz Commercial has confirmed a series of managerial appointments at its regional branches.
Bupa echoes ABI private medical findings
Healthcare company Bupa has revealed that the number of people with private medical insurance has increased in the last year – echoing the findings of the Association of British Insurers.
Heath Lambert and Travelers join forces
Heath Lambert and Travelers have joined forces to provide an insurance scheme for the South East Photonics Network.
Axa launches new underwriting tool
Axa has developed a new underwriting tool designed to assess the risk of flood, subsidence and terrorism risks to its underwriters.
Wider business travel coverage available from Rock Insurance
Rock Insurance has enhanced the level of cover provided under its business travel insurance policy and has also made more flexible options available to clients.
MD hails RSA network deal
1 Answer Network, the personal lines insurance broker network, has announced the renewal of its partnership with RSA.
Airmic offers pandemic advice
Risk managers have today been advised to ensure that their plans for pandemics are in place, up-to-date and understood by their colleagues by a leading trade body. It comes in the wake of the flu outbreak in Mexico which has killed at least 100 people.
New FSA-compliant trading platform launched
Select & Protect has developed an online trading platform it claims is the ideal solution to Financial Services Authority (FSA) compliance.