News
Firefighters tackling north west chemical blaze
People have been warned to stay indoors after a massive fire broke out at a chemical works in Crewe.
ABC insurance launch targets SME market
ABC Insurance, part of the LV= Group, has commenced trading with the launch of a new commercial combined product. ABC’s ‘Business Insurance’ policy will target the UK’s four million plus SME businesses and will be available exclusively via insurance…
Clifford Chance launches part two of the MiFID Survival Guide
Clifford Chance has launched the second part of the MiFID Survival Guide, which is designed to help firms come into compliance with the new requirements introduced by the Markets in Financial Instruments Directive (MiFID).
SME market remains an untapped opportunity for directors and officers insurance
The vast majority of small to medium sized enterprises(SMEs) do not have Directors and Officers insurance (D&O) in place with almost 70% unaware that it actually exists, according to the findings of a recent survey.
Mayne takes distribution role at NIG
NIG has appointed Steve Mayne to the position of distribution implementation manager.
RSA sells legal and claims team
Parabis has completed an agreement with Royal & SunAlliance for the acquisition its Martello Underwriting claims and legal team. As a result Parabis Limited aims to launch an end-to-end professional indemnity claims management solution developed…
Airmic starts CEO search again
The Association of Insurance and Risk Managers will re-advertise for a chief executive, after its initial search proved unsuccessful. Airmic was meant to unveil its new management to members at its annual conference this week, but has been forced to…
Bollington acquisition boosts Groupama's broking business
Groupama UK has confirmed that it has completed the purchase of a majority shareholding in The Bollington Group for an undisclosed sum.
Indie trial news update
Users who have recently registered for e-mail breaking news from the trial of the three former directors of Independent Insurance may need to re-register due to a technical fault (well, human error). Go to www.theindietrial.co.uk . Apologies for any…
Morgan replaces retiring Thorpe at Aon Sheffield office
Aon in Sheffield has appointed Donald Morgan as client management director to take over from Eric Thorpe, who retires after 37 years.
Unum growth hits 20% in 2006
Disability insurer Unum has announced increasing profits for the year ending 31st December 2006, £131.6m a rise of nearly 20%
ABI board member taken into police custody
A senior insurance executive was yesterday taken into police custody after a two year old girl suffered head injuries, according to reports.
Ace survey indicates risk managers concern over emerging risks
Risk management is now seen as a key contributor to a company’s source of competitive advantage with companies putting risk managers under increasing pressure to show measurable returns on investment in this area, according to Ace Europe. However, risk…
Deloitte promotes four to partner
Deloitte has announced a number of senior appointments to its specialist UK insurance team.
VC giant buys first broker
The Blackstone Group has agreed to buy Alliant Insurance Services, the second largest privately owned broker in the United States. The company recently acquird the US operations of JLT for $100m.
RSA opens new office in Leeds
Royal & SunAlliance has opened the doors to its new market site in Bond Court, Leeds. The new office will focus on sales and underwriting, and has been created to service RSA's broker partners in Yorkshire, Humberside and the North East.
InsureandGo launches insurance travel card
InsureandGo has launched a new card that it says will speed up the settlement of travel insurance claims and also tackle the growing problem of holiday card fraud.
RAC joins Day Insure panel
The internet based insurance provider dayinsure.com is to offer its customers motor legal protection provided by RAC Legal Services.
Munich Re leads Caribbean cat fund
The first cross-national catastrophe fund has been launched today, offering insurance cover to 16 Caribbean countries ahead of this year’s hurricane season.
Broker Network adds two members
Independent Insurance Bureau Limited and Windrush Insurance Brokers have joined the Broker Network, bringing the total number of member firms to 168.
Outright offers insurance policies to service forces
Forces Financial (formerly NAAFI Financial), has teamed up with OutRight to offer servicemen and women Car, Household, Motorcycle, Travel and Kit and Contents Insurance policies that meet the specific requirements of their demanding careers.
Novae joins Insurance Leadership Group
Novae has become a patron of The Prince's Trust's Insurance Leadership Group and has pledged to donate £100 000 to the charity over a four year period. It joins a growing list of patrons within the ILG, which was founded by chairman Steve Verrall,…
ISG plans US and Bermuda acquisitions
Former Omni Whittington directors Richard Whatton and Stephanie Mocatta have joined ISG with a strategy to purchase distressed insurance entities in the US and Bermuda.
Chubb places $250m cat bonds
Global specialist insurer Chubb has bought securitised reinsurance worth $250m to protect its Northe...