News
AIG cancels Concord Re sidecar
AIG has cancelled Concord Re, the $730m class-3 Bermuda sidecar reinsurer it set up in August 2006 to write a collateralised property quota share reinsurance treaty with its specialty subsidiary Lexington Insurance.
Prime Professions reveals new appointment
Professional indemnity broker Prime Professions has appointed Karen Mansfield to the role of associate director.
GAB wins Countrywide deal
GAB Robins has been appointed by specialist fleet management company, Countrywide Accident Assistance to operate a property claims investigation service.
UK on flood alert as EA issues 20 flood warnings
The Environment Agency has issued 20 flood warning as of 9:00am this morning as torrential rain lashed down across the country. 111 further places were on flood watch.
CII in Middle East tie up
The Chartered Insurance Institute and JWZ Insurance Solutions, a newly-formed insurance training and educational consultancy firm, have announced a strategic partnership for the Middle East, under the brand name CII Saudi Arabia.
Adjusting body warns insurers over fees
The Chartered Institute of Loss Adjusters has warned that its members will struggle to maintain service levels during widescale claims events unless there is a review of how firms are paid.
Groupama Healthcare enhances Sante product
Groupama Healthcare has made enhancements to its private medical insurance product, Santé by Groupama Healthcare.
Primary readies for D&O and PI push with appointment
Primary General has been apointed Jonathan Drew to take responsibility for its soon to be released professional indemnity and directors' and officers' products.
Insurer outlines plans for fine art push with XL underwriter swoop
Specialist insurer Ecclesiastical has appointed Clare Pardy as fine art underwriting manager.
CII sees membership boost
The Chartered Insurance Institute has announced its best year for membership growth since 1935.
NU's Deakin hails latest broker success
Norwich Union has acclaimed its new broker initaitive a success.
Motor specialist reorganises around three key areas
Claims solutions provider Audatex UK has announced a new commercial organisation tasked with reinforcing its "relationship with customers across the claims community".
Marsh in D&O warning
Marsh has warned UK executives of the impact plea bargains in the US could have on their indemnity and directors’ and officers’ insurance.
Price comparison website launched by Drakefield
Travel insurer Drakefield Insurance Services has announced the launch of a new aggregator site, whichpolicy.co.uk.
Benfield exec in £1m share sale
Paul Karon, the chief executive of Benfield's US division, has sold over a £1m worth of shares in the company, more than half his shareholding in the firm.
London market broker chief resigns
BMS today announced the resignation of John Spencer from his position of group chief executive of BMS Associates.
Product recalls hit new high
The number of product recalls in the UK has hit a new high of 190 in the last year (up from 179 in the previous year) as problems with products sourced from China mounted, according to law firm Reynolds Porter Chamberlain.
Guy Carp to open in Prague
Reinsurance broker Guy Carpenter has announced that it will be opening an office in Prague on 1 March 2008,. The new office will be part of Guy Carpenter's Central and Eastern European broking operations and will service clients in the Czech and Slovak…
Aon boosts electronic trading
Aon has completed as much as 80% of its 1/1 treaty reinsurance renewal placements electronically in December.
Gen Re execs worried about AIG's accounting while hatching finite Re deal
HARTFORD, Conn. January 11 (BestWire) — At the headquarters of General Reinsurance Corp., in Stamford, Conn., Richard Napier and a handful of key executives were frustrated. Maurice "Hank" Greenberg wanted a response within weeks, but they weren’t sure…
Underwriting agency boasts most comprehensive list of trades in the market
Ink Underwriting Agencies has launched a new product, Capita Plus specifically created to cover a wide range of trades and professions, including many high risk trades, such as roofing and scaffolding.
Adjuster wins solus claims deal
Loss adjusting group AMG has been selected by 3XD as its sole property claims adjusting provider. It is the first time that 3XD – a specialist insurance provider to intermediaries – has appointed an adjusting firm to handle its property claims.
Home and Legacy launch new Let product
Home and Legacy has launched a new let product for brokers – a scheme offering cover through intermediaries for let properties.
Erinaceous confirms it may sell insurance business after "significant" interest
Property giant Erinaceous has confirmed that it may sell its insurance division, Erinaceous Insurance Services.