News
Swiss Re finally absorbs GE Insurance Services
Swiss Re has completed the acquisition of GE Insurance Solutions (GEIS), which will be integrated in...
Lloyd's marine unit launches new ship-tracker database
Lloyd's Marine Intelligence Unit has launched www.lloydsmiu.com - a new marine database. The new si...
Schemes challenge upheld by UK High Court
The English High Court has upheld a challenge to the voting process for solvent schemes of arrangeme...
JLT closes in on Heath
Jardine Lloyd Thompson's £140m takeover bid for Heath Lambert is almost a done deal, according to market sources.
Ernst & Young signs up for Benfield’s ReMetrica
Benfield has announced that Ernst & Young has signed an agreement to license its ReMetrica Dynamic Financial Analysis (DFA) modelling tool to undertake a range of economic capital modelling work for its insurance and reinsurance clients around the world.
AIG sets up marine and energy division after Starr divorce
American International Group (AIG) has announced that it has established AIG Global Marine and Energy, a new division of the AIG property and casualty insurance subsidiaries. The unit will service the insurance, risk management and loss control needs of…
AWAC in $500m debt issue
Allied World Assurance Company Holdings, the parent company of Bermudian (re)insurer AWAC, has announced it is offering a $500 million issue of unsecured debt
Ricciardelli steps down at Alea as run-off confirmed
Alea Group Holdings (Bermuda) has announced that all proposed shareholder resolutions were passed at its Annual General Meeting held on Thursday, 29 June 2006, in Bermuda.
Willis pulls $300m bond issue
Willis Group has announced that it has decided not to proceed with a $300m bond offering by its subsidiary, Willis North America.
Link and Zenith to 'streamline' the business
Motor insurers Link and Zenith have announced they are to start a review programme across their entire range of products, following the acquisition of Rubicon Insurance Solutions Limited’s Maidstone operation.
Novae Insurance Co starts trading
Novae Insurance Company Limited, the new FSA-regulated insurance subsidiary set up by Novae Group plc, will commence trading tomorrow.
AA acquires rival broker
AA Insurance Services has agreed terms this morning to Taylor Price & Co, which trades as Direct Choice Insurance.
Hiscox and Beazley publish business forecasts
Hiscox has announced that it has published on its company website a summary of its initial 2007 business forecast for Syndicate 33.
NU demands fire awareness campaign from government
Norwich Union has welcomed the new guidance covering fire safety reform for businesses, but urged government to begin a major publicity campaign.
AIG to tap quarter billion pound affinity space
AIG Affinity is investing a multi-million pound war chest to create and implement marketing campaigns to help drive health and protection insurance through banks, building societies, credit card companies, retailers, utilities and trade unions.
Loss adjuster boosts team with senior hire
Heather Parkinson, formerly of GAB Robins, has joined Adjusting Solutions as a consultant.
Hiscox appoints D&O underwriting manager
Hiscox has announced the appointment of Callum Taylor as Directors and Officers underwriting manager, as it gears up to develop further its D&O product range.
Highway launches broker-only website
Motor insurer Highway has launched a broker-only website - Highway Extra - to improve service and enhance its trading relationships.
Mondial wins contract with Civil Service Motoring Association
Mondial UK has been chosen to deliver its branded travel insurance to the 381,000 members of the Civil Service Motoring Association.
SMEs mostly satisfied with their insurers, claims report
Three out of four small and medium sized enterprises are satisfied that their insurer takes an interest in them, according to research commissioned by the General Insurance Market Research Association (GIMRA).
Road accident deaths fall in 2005
The number of people killed in road accidents fell by 1% in 2005, the Department of Transport said as it published national statistics on road casualties in Great Britain in 2005, which relate to casualties in accidents reported to the police.
Goshawk relists after delayed results published
Goshawk, parent company of Rosemont Re the Bermudian (re)insurer in run-off and former Lloyd’s managing agent, has released its delayed preliminary results for the year ended 31 December 2005 as follows:
Rating agency voices concern over Lloyd's transparency
The level of disclosure prescribed under Lloyd's much-maligned previous accounting and reporting regime is considered superior to that mandated under the Companies Act and generally accepted accounting principles, according to Standard and Poor's. These…
RGA unveils Triple X securisation
Reinsurance Group of America has announced that its subsidiary Timberlake Financial has completed an offering of $850m of 30-year notes.