News
Willis regains 100% control of Hungarian operation
Willis Group Holdings has acquired 100% of Willis Kft, its joint venture in Hungary, by purchasing the 20% stake of its local broker partner, Erix.
Euclidian founder to run broking start up
AIM listed THB Group today announced that James Truscott will join the board of THB’s recently created underwriting agency, Unicorn Underwriting as managing director.
Ace takes AIG director Sharpe to lead UK & Ireland casualty and major risks
Ace has appointed of Phil Sharpe as director of casualty and major risks for the UK and Ireland.
THB motor fleet team moves closer to Lloyd’s
The motor fleet team of THB London Market has moved its administrative operation to THB’s London office.
BGL strikes deal with Kwik Fit Insurance
BGL subsidiary comparethemarket has added Kwik Fit Insurance to its panel.
Carvill claims $60m derivatives traded on its CME contracts
Reinsurance broker Carvill has said that trading its Carvill Hurricane Index (CHI) contracts continues to grow on the Chicago Mercantile Exchange (CME) and the nominal value of derivatives traded has nearly hit $60m.
Arista opens new St Albans office
Commercial lines underwriting operation Arista Insurance has opened a new office in St Albans to support brokers based in the City, northern Home Counties and East Anglia.
Groupama appoints HR director
Groupama Insurances has appointed Paul Cann as HR director. He joins the company from ING Bank on 16 July and will lead the development and implementation of the company’s various people strategies as it continues its drive to be a great place to work.
Evolution launches electrical inspection service
Commercial underwriting specialist Evolution Underwriting has expanded its portfolio of products to brokers with the launch of an electrical inspection service.
New electrical inspection service launched by Evolution
Commercial underwriting specialist Evolution Underwriting has expanded its portfolio of products to brokers with the launch of a new electrical inspection service.
Coface issues global credit warning
Credit insurer Coface has recalculated its country ratings in response to the deepening credit crisis.
Marsh claims first captive insurance management licence in Dubai
Marsh has been awarded what it claims is the first licence to provide captive insurance management in Dubai.
Brit Insurance opens new underwriting centre in Reading
Brit Insurance Holdings has announced the opening of its new permanent underwriting centre in Reading.
Biba calls for seven point action plan on floods
The British Insurance Brokers’ Association has welcomed the agreement between the government and the Association of British Insurers to ensure that flood insurance remains widely available, but believes that there are still properties that will be…
Willis appoints MD to drive strategic carrier relationships
Willis Group Holdings has appointed Jonathan Prinn as managing director of strategic carrier relationships, a key role in driving the company’s 'Shaping our Future' growth strategy.
Axa revealed as latest Preferred Protection Panel Member
Axa has joined Paradigm Mortgage Services’ Preferred Protection Panel.
BIBA gives caveat to ABI agreement
The British Insurance Brokers’ Association (BIBA) has welcomed the agreement between Government and the Association of British Insurers (ABI) to ensure flood insurance remains widely available. Despite this, BIBA believes that there are still properties…
Lloyd's A rating reaffirmed
Rating agency AM Best has reaffirmed Lloyd’s A (excellent) rating.
Partner Re receives approval for license in Brazil
PartnerRe, the Bermudian (re)insurer, said that its subsidiary, Partner Reinsurance Europe Limited, has received approval from the Brazilian reinsurance authority SUSEP as an admitted reinsurer.
US regulator publishes damning report into three ratings agencies
The SEC has issued a damning report into practices at ratings agencies Standard and Poor's, Fitch and Moody’s.
ABI/government: Flood agreement in full
The Association of British Insurers and the government have confirmed that an agreement has been reached to ensure flood insurance remains widely available now and in the long term.
Cullum pulls out of takeover talks
Towergate chairman Peter Cullum has revealed that takeover talks with Norwich City Football Club have ended.
Florida Senator Blames RAA for Failure of State Cat Fund Resolution
(BESTWIRE) -- In his last meeting with the National Conference of Insurance Legislators, Florida State Senator Steven Geller failed to get a catastrophe fund and federal disaster assistance resolution passed – a resolution in which the senator said he…
ABI reaffirms commitment to Statement of Principles
The Association of British Insurers has struck a deal with the governement to continue to provide cover under the Statement of Principles relating to flood cover after a meeting on Thursday.