News
Lebanese situation puts Arab Re under review
AM Best has put the financial strength rating of B+ (Very Good) and the issuer credit rating of “bbb-” of Arab Re Lebanon under review with negative implications.
AM Best may give sidecars ratings ‘haircut’
AM Best has said that in the future it will look much more closely at the true financial benefit to reinsurers of ‘sidecar’ reinsurance arrangements
Glacier Re wins rating affirmation with $30m injection
Swiss-based reinsurer Glacier Re has announced it has secured $30m in new capital from its existing shareholders, prompting an affirmation of it’s A- rating by AM Best.
New SME underwriter set up by ex-NIG's Charles Earle
A new commercial lines insurer is to be launched and led by Charles Earle, the former managing director of NIG Commercial Lines, subject to regulatory approval.
Acturis adds more products to imarket
Broker software firm Acturis has added more products to its imarket system with Zurich and Axa.
Cobra sign 100th member
COBRA Network has announced that they have signed member number 100 following successful applications from CCS Insurance Services Limited in Woking, Surrey, Lynas Vokes (Financial Services) Limited in Holbeach, Lincolnshire and Rigton Insurance Services…
Broker launches specialist division
Broker Lucas Fettes has launched a specialist retail insurance division aimed at hardware and DIY stores, ironmongers, builders merchants and wholesalers.
Fortis reports jump in UK GWP
Fortis Insurance today reported an overall gross written premium of 335.7m pounds for the second quarter of 2006. This figure represents a 13 per cent increase in year on year growth in GWP (296.8m pounds in Q2 2005).
CBG reorganises board
The Community Broking Group has announced a number of changes to the structure of its board, as it said it would release interim results on 22 August.
Bennetts adds RSA to motorbike panel
Bennetts, the UK’s number one for bike insurance, has today announced the addition of Royal & SunAlliance to its panel of insurers.
NU pushes personal lines in the regions
Norwich Union has created the new role of personal lines underwriting consultant within its intermediary business, at four personal lines regional offices.
Gallagher Re poaches Benfield brokers for SF office
Gallagher Re has announced the appointment of two former Benfield production brokers to head up a new San Franciso office that the firm has opened. .
Lloyd’s launches Thunderbird Re Cat bond vehicle
Lloyd’s of London has confirmed that it has set up a special purpose vehicle (SPV) to help its membership issue Catastrophe bonds.
Aon opts for market leader in outsourcing switch
Aon and Xchanging have announced a partnership with an initial 10-year service contract, effective from 1 September 2006.
ProAktive joins Brokerbility
Yorkshire-based risk specialist The ProAktive Risk Group Ltd has joined the Brokerbility Group.
IIB kicks up a storm on FSA non-execs' duty
The Institute of Insurance Brokers has accused the regulator of "intercepting letters", on issues from the body and failing to pass them on to non-executive directors.
Healthcare market spending hits £4.4bn
Spending on health & care cover products in the UK, including private medical insurance, health cash plans, dental benefit plans and long term care insurance, reached £4.4 billion in 2005, according to a new report from leading independent analysts Laing…
Willis creates global energy unit
Willis has formed a world-wide, multi-disciplinary business serving the oil and gas industry.
Transamerica names new CUO
Aegon life reinsurance subsidiary, Transamerica Re has appointed Kenneth L. Conners as Vice President and Chief Underwriting Officer.
RSA sees UK commercial COR slip as profits rise
Royal and Sun Alliance this morning reported a profit after tax of £238m for the first six months of 2006, up 22% on 2005, on net written premiums of £2 833m (2005: £2786m).
Healthsure strikes airport deal
Healthsure has struck a deal with Blackpool International Airport to provide a healthcare cash plan ...
Dental plans a clean winner for employees
Dental plans are rated twice as highly among employees as access to a company car, according to new ...
Firm takes on worldwide focus
Business process outsourcing company Xchanging has acquired an immigration services company in order...
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