News
Post pick of the week
Anthony Gould, editor in chief of Post Magazine provides an insight into some of the major news in the general insurance sector this week including: Aon CEO Ball takes a swipe at regional SME broker advice; DAS issues warning over Ministry of Justice…
Virgin Holidays team up with Mondial UK for Families Travel Insurance Deal
Virgin Holidays has teamed up with the insurer Elvia Travel Insurance and online travel insurance administration specialist Mondial UK to provide its travel insurance solutions in a new three year deal.
Willis Re sees heavy competition in 1st July renewals
Reinsurance broker Willis has issued a 1st July reinsurance renewal report citing price reductions of up to 15%-20% for loss-free programmes and increased competition across all lines.
Ascot launches new renewable energy venture
Ascot Underwriting today announced the establishment of a new renewable energy operation, Renewco Underwriting.
AIG Private Client Group launches new yacht cover for high net worth market
AIG Private Client has launched a new yacht product for the high net worth market. A ‘one stop’ combined product, it will automatically offer employers’ liability coverage for all crew members.
Lockton appoints CEO for Middle East push
Lockton International has appointed Wael Khatib, former chief executive of Market Insurance Brokers (MIB) to lead its expansion in the Middle East and North Africa.
Aspen targets $100m book of ex-US professional liability business
Bermudian (re)insurer Aspen announced that it will enter the Professional Liability Insurance market in September 2007 through its UK subsidiary Aspen Insurance UK.
Add-on to Policyfast's fleet insurance product
Following the launch of its fleet insurance product, Policyfast, the web-based wholesaling intermediary has now added the option of RAC breakdown cover to it’s produced quotations.
Navigators and General launches new Commercial Marine Combined insurance product
Navigators and General (N&G), providers of commercial marine insurance, has launched a commercial marine combined insurance product, which will offer a tailored 'one-stop solution' for the specialist £2.8 billion UK marine trade industry.
New gap year travel extension from Hiscox
Hiscox has launched a tailored insurance cover to meet the increasing demand from gap year travellers, as an extension to some of its home and contents policies. The cover will include more unusual sports and activities such as safaris, paragliding and…
Indie Trial: Witness stands firm
The trial continued this afternoon with the resumed cross-examination of Daniel Hodson, chairman of the audit committee, by Michael Bright's counsel, Ian Winter. David Worsfold reports .
Witness stands firm
The trial continued this afternoon with the resumed cross-examination of Daniel Hodson, chairman of the audit committee, by Michael Bright's counsel, Ian Winter. David Worsfold reports .
LEIG responds to compensation reforms
The needs and rights of claimants to have access to justice and fair levels of compensation must be the key principles to be met in any further reform of the personal injury compensation system in the UK.
Leinster Syndicate to reapply for Lloyd's approval
A new Lloyd’s syndicate will reapply for approval to trade starting in November.
AA index claims premiums at highest ever level
Car insurance premiums have reached their highest ever level, according to AA Insurance’s benchmark British insurance premium Index.
Carribean financial services giant buys Lloyd's insurer
Carribean financial services group Sagicor, through its subsidiary Sagicor Europe, has purchased the Gerling at Lloyd's Group, encompassing the managing agency, Syndicate 1206, its capital provider and its service company.
Irish injury payouts exceed £67 million
Over £67 million has been awarded by the Irish Personal Injuries Assessment Board since it was launched in 2004.
Biba warns FSA over latest retail review
The British Insurance Brokers’ Association has announced its support for the Association of Independent Financial Advisers’ calls to ensure that regulatory changes emerging from the Financial Service Authority’s Retail Distribution Review do not result…
Terror threat has fragmented, says Aon
A terrorism threat map launched today by Aon has suggested that the scope and shape of terrorist threats around the world are shifting.
Towergate settlement could cost Beckett £1m
Towergate Partnership has said today it has accepted a substantial settlement from Bob Beckett and his co-defendants to resolve the dispute over the breaching of restrictive covenants by Mr Beckett and former Towergate employees who joined him at…
Amlin acquires £5.2m agency
Amlin has acquired Allied Cedar Insurance Group the holding company of Allied Underwriting Agencies and Cedar Insurance Company.
Chinese earthquake causes $250m economic loss
The recent earthquake that struck the Chinese province of Yunnan will cost some 1.91RMB ($250m) in economic losses, according to a new study by Risk Management Solutions, and the Institute of Engineering Mechanics (IEM) in China.
Insurers get their wish as flood defence budget to top £800m
The government has announced its spending on flood defences will rise to £800m a year.
Tempers frayed in final months
Independent’s former audit committee chairman today said how he was “hopping mad” when told that the November 2000 audit was to be postponed for a second time, writes Martin Friel .