News
Duck Creek Technologies to acquire UK Affiliate
Duck Creek Technologies, a provider of software and services for the insurance industry, has revealed its intent to acquire its London-based affiliate.
Medico-legal firm claims market first in effort to reduce injury costs
Premier Medical Group claims to have become the first medico-legal reporting agency to be able offer a fully electronic medical report process to claimant solicitors.
M & A specialist sees increased interest in UK firms from foreign buyers
Imas Corporate Advisors, the corporate finance boutique, has recruited Tony Shearer as chairman and Bruce McIntyre a new partner, to take advantage of opportunities afforded in the UK mergers and acquisition markets.
RBS receives 'informal' bid for insurance business
Royal Bank of Scotland has received an informal offer for its insurance business according to a press report.
Hiscox sees renewal rates rise by up to 30%
Lloyd's insurer Hiscox this morning said it had seen good rate increases in key areas, especially reinsurance which accounts for over one third of its gross written premium. It added rates for 'peak zone US reinsurance business' rose on average by 15 -…
Tysers appoints Merchant to the board
Broker Tysers has appointed Tony Merchant to the board of its UK corporate risks division.
Max Capital CEO sees 21% FY premium growth in 2009
Max Capital's chief executive Marty Becker has said that gross written premiums for the Bermudian reinsurer is projected to grow by 21% in 2009, thanks to the current economic climate and a heavy natural catastrophe season last year.
Chaucer confirms intention to raise capital
Chaucer has confirmed speculation it is exploring its options for raising capital in light of an improving underwriting outlook for the insurance sector and the company's capital requirements.
RSA, HBoS and Paymentshield sign up with network
IFA network Sesame has launched a general insurance service, in an attempt to help its members during the market turmoil.
Japanese insurance giants in blockbuster merger
Japanese non-life insurance giants Mitsui Sumitomo, Aioi Insurance Co and Nissay Dowa General Insurance have agreed to merge.
Swiss Re declines to comment on writedown rumours; shares hammered
Swiss Re shares are off nearly 14%, reportedly because of writedown worries.
Greenberg berates Liddy over potential AIA sale
Former AIG chief executive Hank Greenberg once again tore into current AIG incumbent Edward Liddy over rumours that he was contemplating the sale of the company's Chinese insurer AIA.
Partner Re's renewals beat expectations
Partner Re, the Bermudian reinsurer, has said that renewals at the Jan 1 renewals rose 1% from the start of January last year.
Recession officially hits UK
The UK is expected to be officially declared in recession after gross domestic product fell by 1.5% in the final quarter of 2008, which followed a 0.6% drop in the previous quarter, according to analysts.
Lloyd’s solicitors opens city office
Greenwoods Solicitors has opened a new office in the City of London in February 2009.
Kingsway's reinsurance business downgraded
Kingsway, the Canadian automobile and truck (re)insurer, has seen its Barbados-domiciled reinsurer's issuer credit downgraded by ratings agency AM Best.
Liberty Syndicates appoints new head of claims
Liberty Syndicates, a member of Liberty Mutual Group, has appointed Scott Kellers as deputy head of claims, reporting to Mike Gillett.
Lloyd's insurer looks to raise another £100m
Lloyd's insurer Chaucer is considering raising up to £100m from shareholders, according to a report.
BGL looks to affinity arm for new MD of claims arm
The BGL Group have appointed a new managing director for its claims management business, ACM ULR.
Hannover Re acquires ING's individual life reinsurance business from Scottish Re
Hannover Re, the German reinsurance giant has acquired ING's US individual life reinsurance business ("ING Business") from Scottish Re Group in a reinsurance and asset purchase transaction. In addition to assuming the business directly from ING via fresh…
Aviva subsidiary signs salvage deal with Chubb
Bluecycle, the online marketplace for vehicle salvage, has signed a deal with high net worth insurer Chubb Europe to handle all of its auto salvage.
OSG grows loss adjusting arm through Irish acquisition
Outsource Services Group is to acquire Irish loss adjusting firm Lynch Goggin and Associates.
Liberty Mutual continues midmarket renewals sale
Liberty Mutual's sale of middle market commerical property and casualty business renewal rights continued when it announced it had sold the renewal rights to that type ofbusiness in Arizona, Arkansas, California, Colorado, Hawaii, Kansas, Louisiana,…
Legal giant merges insurance departments
Law firm Barlow Lyde & Gilbert has merged two of its insurance departments to form a new team, commercial risk and reinsurance.