News
Munich Re in solar energy deal in Spain and Italy
Munich Re and investment firm Kohlberg Kravis Roberts & Co have partnered to acquire a 49% equity stake in Grupo T-Solar, the largest European solar photovoltaic power generator.
Aspen Insurance to buy commercial insurance renewal rights from M4
Aspen Insurance’s regional platform Aspen Risk Management has agreed to purchase certain commercial insurance renewal rights and other related assets from M4 Underwriting.
Marsh forms new global claims practice
Companies that manage the claims process effectively are better able to protect their resources, secure their bottom lines, and maintain daily operations, according to Marsh.
Gibraltar GWP tops Lloyd's in motor insurance underwriting
Gibraltar is outperforming Lloyd’s of London in the motor insurance market, according to a report by Ernst & Young, and Admiral is leading the charge.
Coface downgrades Greece and Cyprus
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
David Cobley named Simply Health’s underwriting director
Simply Health has named David Cobley as underwriting and pricing director. He is a qualified actuary and joins from the Lloyds Banking Group, where he was risk director for its international financial services division.
Solvency II: Defining a practical implementation strategy
If you missed the recent live webinar debating Solvency II and practical implementation strategies - it is now available for viewing on-demand.
MPs for Financial regulation scrutiny panel unveiled
Half of a 12 member committee charged with scrutinising the government’s draft Financial Services Bill have been identified by the House of Commons.
Broker Assistance signs AA Accident Management deal
Broker Assistance has signed an agreement with AA Accident Management to handle credit hire claims for the broking group’s commercial customers.
Law Society: Professional indemnity renewals are still a problem
Lawyers have found it harder to get professional indemnity insurance this year with roughly one in three firms having problems, up from one in five last year, according to the Law Society’s PII survey.
NIG appoints head of agricultural business
Commercial insurer NIG has appointed Andy Brock as its head of agricultural business.
1 Answer Insurance and 1 Answer Network set up office together
1 Answer Insurance is to share purpose-built premises with 1 Answer Network in a move the company directors’ hope will enable the firms to benefit from economies of scale and greater expansion options.
Fitch affirms German mutual Gothaer's 'A' rating
Fitch Ratings has affirmed Gothaer Allgemeine Versicherung AG's and Gothaer Lebensversicherung AG's insurer financial strength ratings at 'A' and long-term issuer default ratings at 'A-'.
Power Place appoints regional sales manager
Power Place has appointed a sales manager to oversee the Wales, West and Central region as part of a new strategic business development focus.
Munich Re in solar energy deal in Spain and Italy
Munich Re and investment firm Kohlberg Kravis Roberts & Co have partnered to acquire a 49% equity stake in Grupo T-Solar, the largest European solar photovoltaic power generator.
Equity Direct Broking races to Silverstone classic car and bike deal
Silverstone Circuit has appointed Equity Direct Broking to administer its classic car and bike insurance schemes.
Bennetts appoints e-commerce and marketing experts
Bike insurance provider Bennetts is expanding its e-Commerce team with the appointment of two new senior-level e-commerce and marketing experts.
Axa announces profit growth
Axa Assistance has announced a 5.2% growth in income from 2009 and an increase in net profit of £6.6m.
Länsförsäkringar selects model partner
Swedish insurer Länsförsäkringar has selected Barrie & Hibbert’s economic scenario generator to be used within its Solvency II internal model.
Zurich adds referral fee clause
Zurich has added a clause to its terms of business arrangement that requires all personal lines brokers to reveal details of referral fee income involving its customers.
Länsförsäkringar selects model partner
Swedish insurer Länsförsäkringar has selected Barrie & Hibbert’s economic scenario generator to be used within its Solvency II internal model.
Law firms anticipate rise in risk management costs
More than 85% of law firms expect the cost of risk management to rise, according to a survey by Travelers.
AM Best affirms ratings of German insurer SOVAG
AM Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of 'bbb' of SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG. The outlook for both ratings remains stable.
Allianz recruit strengthens XL property business
XL Insurance has appointed Ralf Brunner property underwriting manager for Germany and Switzerland, based in Munich.