News
JLT Re announces HWS purchase, excluding Harman Kemp US arm
As revealed by Reinsurance magazine on 21st May , broker JLT has acquired HWS Holdings, with two of it two Lloyd’s Broker subsidiaries Harman Wicks & Swayne, the London based reinsurance broker, and Harman Wicks & Swayne International.
Equity launches male cancer product
Equity Insurance Group has launched new personal lines products specifically aimed at men diagnosed with prostate and testicular cancers.
RSA builds new team and targets larger brokers
Insurer RSA is introducing new broker focused teams and following a pilot it is rolling out the programme to about 40 larger brokers.
WPA in NHS top-up policy launch
Following on from its introduction of Mycancerdrugs last year WPA has launched a policy to top up services available through the NHS called Health Top-Up.
JLT in £8.75m Lloyd's broker swoop
Jardine Lloyd Thompson has acquired HWS Holdings, with its two Lloyd’s Broker subsidiaries Harman Wicks and Swayne, the London based reinsurance broker and Harman Wicks and Swayne International, a wholesale provider of small to medium sized enterprise…
Sullivan out as CEO, Willumstad in as AIG changes leadership
Martin Sullivan has resigned his post as CEO of AIG, the insurance giant said in a statement. Current chairman Robert Willumstad has taken over the reigns of the company.
Aon on the prowl for acquisitions - report
Aon is on the prowl for further takeovers, Greg Case said in a US interview.
CEA elects new president
Tommy Persson has been elected president of the CEA, the European insurance and reinsurance federation, at the federation’s general assembly in Berlin today.
CBG Group announces new partnership
CBG Group and integrated telematics service provider, Eagle-i Telematics, have announced a strategic partnership aimed at promoting the benefits of Eagle-i’s award winning Monitor3 telematics system to CBG’s fleet and corporate customers.
NFU Mutual opens new branches
Rural insurer NFU Mutual has opened two more offices with a third on the way as part of a drive to expand into areas of business outside agriculture.
Marsh warns about rising PI claims
Marsh has warned that the economic downturn in the US and many parts of Europe will increase the incidence of professional liability claims against law firms during the next 12 months.
Three major AIG shareholders ask for management changes
Three of AIG’s leading shareholders have stepped up their campaign to shake up the board of the company, calling for “significant and immediate changes” to the management of the US insurance group, the Financial Times reported.
Fitch affirms Bupa's outlook
Fitch Ratings has affirmed Bupa Insurance's insurer financial strength rating at 'A+' and long-term issuer default rating at 'A'.
Brit Insurance rating statement by AM Best
Brit Insurance Holdings has had its ‘A’ (excellent) financial strength rating for the group’s principle insurance company subsidiary, Brit Insurance confirmed by AM Best.
Open GI signs deal with motor specialist
Motor insurance broker Footman James has signed up to a development contract with solutions provider, Open GI.
Guy Carpenter appoints Gardner to be new head of global sales
Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, today announced Tim Gardner as head of its newly formed global sales practice.
Zurich moves into UK transport sector
Zurich has launched a new freight liability product to supplement its marine cargo policy.
Confidential documents not so confidentail according to RSA
New research from insurer RSA has revealed that a significant amount of confidential information is open to the prying eyes of the general public.
Absolute unveils solution for identifying insurance fraud
Absolute Fraud Management has unveiled its solution to the detection of insurance fraudsters, Flatline.
Comparethemarket boosts senior team
Price comparison site Comparethemarket has strengthened its senior team with three new appointments.
PB Week: Football can save us from the economy
As we hear about gloomy news from our nation’s economists and layoffs galore in the insurance sector courtesy of Norwich Union and Zurich, we are probably all glad we have the distraction of the European Championships, or maybe not, as our home nations…
Heath Lambert agrees to release employees
Heath Lambert has announced that it has agreed to release, for an undisclosed sum, certain employees within its international wholesale division global business solutions, from their contractual restrictions to go to Arthur J Gallagher International.
Moorhouse targets professional services with its new Xbroker office product
Independent broker Moorhouse has added a comprehensive office product to Xbroker, its online broker quotation platform.
Xbroker adds new product
Independent broker Moorhouse has added an office product to Xbroker, its market leading online broker quotation platform.