News
Crawford appoints major loss duo
Crawford & Company has recruited Nick Michell and David Damsell to strengthen its UK corporate and major incident team.
Self financing of risk threatens insurance sector in Europe says Ferma
The introduction of new regulatory regimes and corporate governance legislation, combined with increasing maturity in the management of risk, is today driving the development of the risk management function in European companies and its relationships…
Endurance Re takes on XL Re surety business
Endurance Specialty’s U.S. subsidiary, Endurance Reinsurance will acquire the majority of XL Re America's surety reinsurance business, it has been announced. Endurance Re will acquire the majority of XL Re's surety reinsurance business on a prospective…
Sian Fisher returns as intermediary agency head
Former Hiscox managing director Sian Fisher has returned to the industry as head of agency operations at newly-formed Oxygen Insurance Brokers.
RSA secures fleet contract until 2011
Royal & SunAlliance has renewed its contract to insure the Motability fleet, (provision of cars for disabled people within the UK), and will continue as sole provider of motor insurance for Motability fleet customers. The insurer has held the Motability…
Insurers allowed to use gender to set premiums
The European Commission has agreed to allow insurers to keep using gender data to set premiums.
Allianz Cornhill appoints Higgs and Sons for legal panel
Black Country law firm Higgs and Sons has been appointed by Allianz Cornhill Legal Protection as its panel solicitors to handle a variety of legal issues on behalf of their customers.
Saga MBO for £1.35bn
The management of Saga, supported by Charterhouse, have agreed an MBO of the company for an enterprise value of £1.35bn.
Polaris and Sirius agree imarket integration terms
Polaris UK and Sirius Financial Systmes have agreed imarket integration terms that will allow brokers to enter data into their own system.
HBOS GI acquires medical agency
Mentor Professional Services, part of HBOS General Insurance, has acquired Liverpool-based medical agency, Micrah Services.
BDML appoints new board member
BDML Connect has promoted Mark Townsend to the role of chief operating officer and he will become a member of its board.
Willis acquires CH Jeffries Insurance Brokers
Global insurance broker Willis Group Holdings has completed the acquisition of CH Jeffries Insurance Brokers Limited, a North West England-based broker with annual revenues of approximately £2.5 million. The transaction, whose terms are not disclosed, is…
Aon begins CEO search
Aon has announced it is searching for a new chief executive after Patrick Ryan confirmed he will step down once a successor is found.
NIG pushes motor scheme
NIG is reinforcing its Guaranteed Bonus Scheme through a new marketing initiative to brokers, enabling personal lines policyholders to stay at the maximum no claim bonus level, irrespective of the number of claims made.
CII unveils Faculty of Insurance Broking
The Chartered Insurance Institute (CII) has today (October 1, 2004) launched the Faculty of Insurance Broking, the latest in a range of CII faculties that already include claims, the London Market, mortgage professionals and Society of Financial Advisers
Kiln estimates hurricane losses
Lloyd's insurer Kiln said the results of an initial review into losses from this year's weather catastrophes will be within £10-£15
CII: Insurers must build investor confidence says James
Lloyd's director of worldwide markets, Julian James today delivers his address to delegates of the Chartered Insurance Institute conference, on the subject of “Making the World Feel Good About Insurance”
Broker Network makes East Anglian buy
The Broker Network has announced the acquisition of Norfolk and Suffolk Insurance Brokers, it's ninth buy this year.
XL Capital announces hurricane losses
XL Capital has announced that, based on initial loss reports and preliminary estimates, it expects to receive net claims arising from Hurricanes Frances and Ivan of approximately $70m and $150m, respectively.
CII's director general proposes 'Insurance Reputation Index'
Insurance companies must take collective responsibility for repairing their tarnished reputation or face major problems with the recruitment of graduates and skilled staff. Unless insurers develop a cohesive strategy to improve the perception of…
Willis strikes five deals
The Willis Commercial Network today confirmed five new members in Scotland.
Cooper Gay opens US treaty division with John P. Woods duo
The Cooper Gay Group has created a North American Treaty Division and named two senior executives to establish the operation.
Axa manager wins award
James Barwel, a 27-year-old strategic business development manager with Axa Insurance is the winner of the inaugural Young Insurance Professional of the Year Award, sponsored by the Sheikh Abdullah Foundation.
S&P revises outlook on Tokio Millennium Re
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