News
AMG acquires Sigma Claims Solutions
Loss adjuster Ashworth Mairs Group has acquired Sigma Claims Solutions, the company’s first purchase, seven months after a management-buy-out in October 2005.
IGI launches into London market
Insurer IGI has opened a London office with a team brought in from Ace Europe to target commercial property and combined package business.
Ford Fiesta tops league of insurance write-offs
Britain's most frequently written-off car by motor insurers is a nine-year-old Ford Fiesta 1.3 Encore, in blue and registered in Birmingham.
Colemont aquires Latvian broking house
Colemont Global Group has strengthened its European presence with the acquisition of a Latvian insurance broker in Riga.
Crash repair players reach new milestone
The most important initiative in crash repair for the last decade has reached a key milestone this week with the first review of the standard by the cross industry Steering Group at the British Standards Institute headquarters in Chiswick.
Bolivian intervention highlights increased political risks
Businesses around the globe are continuously looking for their next lucrative investment opportunity but as the recent cases in Bolivia and Ecuador demonstrate, government intervention in the oil and energy sector can have serious implications for…
RMS brings in new European modelling platform
Risk Management Solutions (RMS), has announced the launch of a new platform for quantifying wind-related risk in 12 European countries.
Max Re investigation leads to restated 2001-2005 results
Max Re Capital has announced that its Audit and Risk Management Committee has concluded its previously announced internal investigation, and that it has had to restate its financial results for 2001 to 2005.
Aletta moves away from Mexico
Tropical storm Aletta, the first storm in the Eastern Pacific for the 2006 hurricane season, is moving westwards away from the coast of Mexico.
Chubb expands ultra high net worth distribution
Chubb Insurance is offering all of its personal lines brokers exclusive quotes for ultra high net worth Masterpiece Signature business.
Glencairn opens for business in Moscow
Glencairn Group has announced the opening of its Moscow office.
RI3K and Xchanging launch FELIX
RI3K and Xchanging have introduced a new joint project called FELIX – the Framework for the Electronic London Insurance eXchange.
Towergate strikes deal with Zurich
The Towergate Partnership has acquired the Zurich Home Insurance portfolio from Network Data.
Groupama Healthcare completes reorganisation
Groupama Healthcare will successfully complete the reorganisation of its UK healthcare business by the end of May, the insurer said as it concluded the final phase of its integration with Clinicare.
Heath backs MS travel insurance breakthrough
Multiple Sclerosis Society Insurance Services, which is backed by Heath Lambert, has expanded its insurance offering.
Oval makes high profile appointment
Broking consolidator Oval has appointed as its new group finance director Simon Shaw, who joins from Provident Financial, the credit and insurance company.
Alea to sell off ANASIC
Alea Group Holdings (Bermuda) has announced that its subsidiary Alea North America Insurance Company has entered into an agreement to sell its Delaware excess and surplus lines carrier, Alea North America Specialty Insurance Company ("ANASIC") to…
Former Marsh boss returns with Forbes
Broker Alexander Forbes has appointed Mike Hammond as deputy chairman of International Risk Services.
Fitch keeps Sompo on rating watch positive
Fitch Ratings has said that the 'AA-' (AA minus) Insurer Financial Strength rating of Sompo Japan Insurance remained on Rating Watch Positive despite the announcement by Japan's Financial Services Agency (FSA) yesterday ordering Sompo Japan to suspend a…
HSBC sponsors Grace Spitfire airplane
HSBC Insurance Brokers will provide insurance to the famous Grace Spitfire World War II fighter airplane.
Sullivan appointed non-exec chairman of Transatlantic Holdings
Transatlantic Holdings, parent companuy of Transatlantic Re, has elected AIG President and CEO, Martin Sullivan its non-executive Chairman. AIG owns approximately 60 percent of TRH's common stock.
Quanta places bulk of specialty lines into run-off
Quanta Capital Holdings has announced that it has decided to cease underwriting or seeking new business and to place most of its remaining specialty insurance and reinsurance lines into what it described as “orderly” run-off.
Montpelier Re announces share deal
Montpelier Re Holdings has announced that WL Ross & Co. LLC has agreed to make a $100m investment in Montpelier through a private sale of 6,896,552 common shares at a price of $14.50 per common share.
Lloyd's syndicates tempt fate with AGM reports
Three Lloyd's insurers have issued AGM statements that confirm the very positive trading conditions for the market so far in 2006, according to analysts Keefe Bruyette and Woods. But it warned that the full year outcome, of course, hangs much on how hard…