News
NAIC modernises US state-based reinsurance regulation
The National Association of Insurance Commissioners has adopted its Reinsurance Regulatory Modernization Framework Proposal, which modernises US state-based regulation of reinsurance.
Bollington in ambitious growth strategy
UK niche and affinity broker Bollington has said it wants to grow its wholesale arm by 50% next year.
AEGIS snags senior casualty liability underwriter from AIG Europe
AEGIS London, the UK-based subsidiary of AEGIS (Associated Electric & Gas Insurance Services Limited), has appointed Paula Restrepo as a casualty liability underwriter.
Insurance news direct to your mobile with postonline
Postonline.co.uk has launched a new mobile phone friendly news service designed to make it easier and quicker for readers to access our breaking news on their Blackberrys and internet-capable mobile phones.
Transamerica Re gains Brazilian market approval
Transamerica Reinsurance has finally received approval from the Brazilian insurance regulator SUSEP to participate in the reinsurance market as an admitted life and personal insurance reinsurer via its AA rated (Standard & Poor's) underwriting affiliate,…
RSA launches new regional contractors product
RSA has launched a regional contractors insurance package in response to feedback from 100 interviews with brokers and customers in the regional construction industry.
BLD wins major contract
BLD Group, a specialist motorcycle claims management company, has won back the ACM ULR motorcycle account after a gap of nearly two years, the company announced.
Mutual insurers' annual turnover hits £3.46bn
Figures have revealed the UK's mutual economy has a revenue of £84bn and assts of £477bn.
Marsh urges chemical companies to comply with EU regulations
Marsh has warned of the risk and insurance implications of failing to adhere to the European Unions's Registration, Evaluation and Authorisation of Chemicals framework.
New APC office and surgeries product launched
APC Underwriting has launched a new dual office and surgeries product with increased flexibility to cover most of the UK's two million home based businesses.
Aon and Allianz team up to offer new product
Aon Risk Services has partnered with Allianz Global Corporate and Speciality to launch a new product aimed at restoring confidence in insurance portfolio stability.
Giles expands in North east
Giles Insurance Brokers has acquired Arnott Commercial Insurance Services and Arnott Marine, the company said today.
Ace adds to Irish division
Ace Europe has appointed Jim Duncan as Property and Casualty country manager for Ireland, it announced today.
Quinn confirms 500 new jobs
Five hundred new jobs are set to be created over the next four years following the opening of Quinn Insurance's new Cork office. Tanaiste Mary Coughlan said today.
PB Week: A party at Somerset House
Professional Broking's editor Andrew Tjaardstra gives the market the lowdown on his week in insurance.
Foreign profits taxation changes could lead to uncertainty for some insurers - E&Y
The exemption of the foreign dividend income tax changes announced in this week's Pre Budget Report (PBR) will impact many insurance groups carrying out business in the UK, according to Ernst & Young. And this could lead to uncertainty for year end…
New piracy policy from Aon aims to fill market gap
Aon has written a new policy for charterers, ship-owners and cargo owners to cover loss of earnings from piracy. The insurer sais the recent increase in pirate attacks has revealed a gap in the available coverage for this market.
UK insurance buyers agree reservation rights position with insurers
UK risk management body Airmic has agreed a Statement of Principles in relation to reservation of rights following talks with its insurer partners.
New London market broker body launch
The London and International Insurance Brokers Association is launching on 1 January following a unanimous vote by London market brokers at a meeting today.
Bank of England cuts its interest rate to 2%
The Bank of England has today cut its interest rate from 3% to 2%.
AIG UK promotes four
Chris Waterman is rejoining AIG UK within the energy division as chief operating officer.
Investor ups stake in Cooper Gay to 32.12%
Cooper Gay today announced that MDS, SGPS, SA a subsidiary of the Portugese corporation Sonae SGPS, has increased its investment and shareholding in the company from 13.68% to 32.12%.
Guy Carpenter recognised for Asian impact
Guy Carpenter was named Reinsurance Broker of the Year at the Asia Insurance Review's 2008 Asia Insurance Industry Awards presented in Hong Kong last week.
Aon targets pirate activity
Aon has launched a new insurance policy for charterers, shipowners and cargo owners to cover loss of earnings from a ship being detained by pirates, the company announced today.