News
Flagstone Re FY net income rises over $15m
Flagstone Re, the Bermudian (re)insurer, said that full year net income grew to $167.92m (£86.1m) from $152.34m in 2006, thanks to a low level of catastrophe losses during the year.
Glacier Re to expand into Latin America; opens Buenos Aires office
Glacier Re, the Switzerland-based (re)insurer, said that it is to expand its operations into Latin America by opening an office in Buenos Aires.
Ireland pledges $2.4m to Caribbean Cat fund
The Irish government has donated $2.4m to the World Bank-sponsored Caribbean Catastrophe Risk Insurance Facility.
Homeserve emergency business hit by cash settlements
Homeserve has admitted that its emergency services business has been impacted by a rise in cash settlements in the wake of the summer floods.
Fortis diversify with new UK company
Fortis is set to diversify into the UK life market, according to reports.
RAC strikes deal with Kewill
Kewill has struck a deal to deliver a streamlined electronic communication platform for RAC Auto Windscreens.
Hastings revamps image
Hastings Direct has restyled its brand icon 'Harry' in a bid to maximise its online quote volumes.
Clear appoints European boss
Software provider Clear Technology has appointed Tim Crossley as European managing director.
Close boosts broker training
Close Premium Finance is offering free training aimed at helping brokers understand how its premium finance product can offer protection in the face of credit crunch-induced pressure.
Willis launches cyber risk product
Willis has launched a facility to cover business interruption and recovery costs stemming from malicious and accidental loss of data.
Lloyd’s underwriters back market reform
Over 80% of underwriters say there is a high level of commitment to reforming Lloyd’s market business processes, according to new research published today.
Pool Re chair takes up new board role
Realty Insurances, the broking firm specializing in the property owners sector, has appointed Tony Latham as non-executive director.
High oil prices are leading to underinsurance, says Marsh
High oil prices are forcing many oil companies to be underinsured, said a senior director at Marsh.
Axa Art to review security following art thefts
Axa Art today announced that effective immediately, the company is offering to conduct security protocol assessments of museums in its key markets.
European transport and logistics firms struggle with liabilities
In its latest research Marsh has revealed that transport and logistics firms across Europe are struggling to cope with new categories of liability and an increasingly complex regulatory landscape.
Absolute expands team
Absolute CM, specialist provider of outsourced fraud management solutions to the insurance industry, has extended its team in order to meet the growing demand for its services across the market.
Network appoints ten more
Broker network Layton Blackham Business Solutions has signed-up 10 new members including a number of start-ups since announcing its ambitious growth plans in November.
Arista rolls out online trading system
Commercial lines underwriter Arista has begun the roll-out of an electronic trading facility by providing brokers access to its trades and professionals policy via a new online system.
Scor appoints new head of global life
Scor has appointed Gilles Meyer as chief executive of Scor global life with immediate effect. He succeeds Uwe Eymer who becomes non-executive chairman of Scor global life, stepping down from the Scor group executive committee. The new deputy CEO of Scor…
Hiscox deal for Countrywide partner brokers
The Countrywide network has negotiated a deal with Hiscox Underwriting to offer High and Mid Net Worth household products to members.
Home and Legacy grow motor team
Home and Legacy has continued the development of its management team with the appointment of David Cleverley as motor products manager.
Government minister to address Rehab First Forum
Lord McKenzie, minister for health and work at the Departmment for Work and Pensions will address the Post Rehabilitation First Forum on 14 May in London, along with key speakers from the Association of Personal Injury Lawyers and the insurance industry.
IIB names new chief executive
Following the unexpected death of Andrew Paddick last month, the board of the Institute of Insurance Brokers has appointed Barbara Bradshaw as its new chief executive with immediate effect.
Hiscox in broker tie up
The Countrywide network has negotiated a deal with Hiscox Underwriting to offer high and mid net worth household products to members.