News
D&O surge among FTSE 250 companies, says Marsh
Class action contagion from the US and growing economic uncertainly have spurred an unprecedented surge in the demand for management liability insurance among the UK’s top firms, according to Marsh.
HSBC gets Qatari broking licence
HSBC insurance brokers have been given a licence to operate in Qatar, the Qatari Financial Authority said in a statement.
FSA training solution for the travel trade
First FSA training solution for the travel trade. Acumus Insurance Solutions has claimed it is the first company to offer the travel trade an industry-recognised training package for the new Financial Services Authority (FSA) regulatory environment.
UK Broker Awards winners
Over 500 guests from across the broking community gathered at the Brewery in London to watch host Stephen K. Amos present the highly coveted awards for the 2008 UK Broker Awards. Insurance Age extends its congratulations to all the winners including all…
APC launches product for take-away industry
Commercial insurance underwriting agency APC has launched a new product for take-aways, which will cover single or multiple shops and fast-food franchises.
Beazley buys Momentum Underwriting
Beazley Group has acquired the entire existing share capital of Momentum Underwriting Management.
Axa unveils legal panel
Axa Insurance has awarded seven legal services firms with three year contracts, following a six-month review.
Calamitous jobs market fuelling PPI enquiries, according to one provider
Demand for unemployment insurance protection polices has surged due to news that the deteriorating economy is beginning to inflict a toll on the jobs market, according to Paymentcare.co.uk.
’Sickness presence’ sweeping Britain, according to Axa
Nearly three quarters (72%) of Brits go to work despite feeling so ill they could legitimately stay at home, a survey of Britain’s working wounded has shown
AMII to approach issue of PMI claims transparency
The Association of Medical Insurance Intermediaries (AMII) is to approach UK private medical insurers (PMI) and the British Insurance Brokers Association (BIBA) to form a discussion panel to focus on the serious issue of transparency of claims…
Esure reassures market following HBOS takeover
Peter Wood, the chairman and chief executive officer of Esure, indicated today he is not worried about the possible takeover of Halifax Bank of Scotland by Lloyds TSB.
LAM calls for appeal court case to be brought forward
London Authorities Mutual has asked for an appeal court hearing to be brought forward as it says failure to do so will leave the local government insurance community in “limbo”.
Montpelier Re says has $19m of bond exposure to Lehman
Bermudian reinsurer Montpelier Re says it has a senior debt securities exposure of $19m to collapsed US investment bank Lehman Brothers.
Ariel Re appoints new chief underwriter
Ariel Re, the Bermudian (re)insurer, said it has appointed Ryan Mather as chief underwriter for its property reinsurance division. In the newly-created role, Mather will continue to lead Ariel Re’s international property reinsurance business and will…
RDT product to improve broker insurer relationships
A product designed to enhance insurers’ relationships with brokers and improve profits has been launched by administration solutions provider RDT.
Transatlantic Re CEO says company will not go under if AIG fails
The chief executive of reinsurer Transatlantic Re has said the company will not go under if AIG fails to solve its long-term liquidity issues.
Moody's maintains ratings on AIG despite rescue
Ratings agency Moody's has kept its ratings on AIG despite the $85bn rescue of the company by the US government earlier this week.
Hurricane Ike claims continue to skyrocket
(BestWire) — Claims from Hurricane Ike continue to skyrocket for the nation's largest property insurer but one catastrophe risk modeler has reduced its estimated onshore and offshore insured losses.
Marsh appoints new SME chief
Marsh has appointed Julie Page as Head of Marsh UK’s commercial practice which serves the small and medium sized enterprises sector.
Tele-underwriting delivers, according to delegates at seminar
Conversion and claims rates for insurers are vastly improved through tele-underwriting, according to delegates at MorganAsh’s recent seminar in Bristol.
Over 30,000 students could benefit from experience of financial meltdown
Financial education charity the ifs School of Finance has opened registrations for their annual ifs Student Investor competition for teenagers.
Worksite health cash plans – just what the doctor ordered?
Six in ten (61%) adults in Great Britain unable to afford some health costs, the provision of workplace health cash plans could be a major opportunity for employers, according to Engage Mutual.
AIG CEO Liddy outlines new, streamlined AIG to employees
AIG's new chief executive officer Edward Liddy has told AIG employees that AIG will still exist despite fears that the company will be broken up after it came to an $85bn deal with the US goverment late on Tuesday night.
PB Week: AIG attempts to reassure brokers
On Monday evening I returned from Spain to find the financial world seemed to have turned upside down, writes Andrew Tjaardstra, editor, Professional Broking .