News
Groupama confirms acceptance of risk transfer of premiums
Groupama Insurances has confirmed it will accept the risk transfer of premiums as part of a revised ...
Biba urges members to be aware of the smallprint
The British Insurance Brokers' Association has urged its members to ensure they are fully aware of t...
Appointment at Royal & Sun Alliance
Royal & Sun Alliance's engineering inspection service has made Jim Kennedy a non-destructive testing...
ABI goes on the offensive over sewer flooding
The Association of British Insurers will today call on the government to set aside £1bn for investme...
Zurich Municipal produces best practice guide
Public sector insurance and risk management provider Zurich Municipal has produced a conditional-fee...
Regional sales appointment at Helphire
Helphire Group has appointed Guy Fairbairn as Regional Sales Manager for the South.
Dziurman joins consulting firm for insurance push
Consultants PGD Strategy has hired Ted Dziurman, insurance industry specialist, and Ian Le Breton, former banker with the Royal Bank of Scotland as senior associates.
Irish Deputy PM due at Lloyd's next week
Irish Deputy Prime Minister Mary Harney is due in London next Tuesday to meet London market practitioners with an interest in Irish insurance business.
AM Best rates Odyssey Re subsidiaries
AM Best has affirmed the financial strength ratings of A (excellent) of Odyssey Re reinsurance and insurance subsidiaries, which comprise the Odyssey Reinsurance Group.
NU, Axa and Allianz set to pick up Zurich's Folgate book
Three leading insurers are set to take-over the Zurich share of Folgate’s commercial book.
Fitch publishes French report
Fitch Ratings says the evolution of the credit quality of French non-life insurers will reflect the cyclical downturn expected to kick in next year, according to its latest report.
Towergate buys agricultural portfolio
Towergate Underwriting Group has announced the purchase of the farm insurance portfolio of Taunton-based Lloyd & Whyte.
Lewin new president of ACE Tempest Re
ACE Tempest Reinsurance has announced the appointment of Andreas Lewin as president, effective immediately.
Iraq reconstruction could boost marine insurance
The reconstruction of Iraq will act as a catalyst for increased cargo and marine insurance opportunities in the Gulf, according to insurance and reinsurance broker Heath Lambert.
Harrison Beaumont makes broker acquisition
Sports and leisure specialists Harrison Beaumont Insurance Services has acquired the UK business of Irish broker ARB Underwriting for an undisclosed sum.
Axiom completes £21m MBO
Royal London Private Equity has announced the completion of the management buy out of Axiom Consulting for US$ 40 million (£21.78m) from broker Aon.
ABI hunts new GI head as Parker steps down
John Parker is to leave his position as head of general insurance at the Association of British Insurers next month to take up a contract at the Environment Agency, working on national prioritisation of flood defence spending.
FSCS declares 16 firms in default
The Financial Services Compensation Scheme is encouraging consumers who may have lost money as a result of their dealings with any one of 16 firms recently declared in default by the Scheme to get in touch.
Swiss Re granted Taiwan licence
Swiss Re has announced that it has been granted a reinsurance branch licence from the Taiwan Ministry of Finance.
A.M. Best assigns debt rating to Swiss Re’s convertible securities
A.M. Best Co. has assigned a “aa” debt rating to the forthcoming EUR 670 million (US$ 815 million) mandatory convertible securities due July 2007 issued by either Swiss Re Germany Holding or Swiss Re Treasury (Luxembourg) and guaranteed by Swiss…
SVB adds to management liability team
Lloyd's insurer SVB has appointed Rick Welsh as unit head of management liability underwriting for Syndicate 1007.
Plexus Law opens Leeds office
Specialist insurance legal practice Plexus Law is expanding from its London base to open a new office in Leeds.
Markel Re appoints new president
Markel Re has appointed J Ruffin Branham as its new president and chief operating officer, effective immediately.
Benfield sells off sporting subsidiary
Reinsurance intermediary Benfield Group has announced the sale of its 50% holding in Benfield Sports International (BSI), a sports marketing consultancy.