News
CEA argues for full renewal of the Insurance BER
The CEA, the European insurance and reinsurance federation, has stated that all four areas currently exempted by the Block Exemption Regulation need to be renewed when the current BER expires in 2010.
Aviva launch Fast Trade commercial gateway live on Acturis
Aviva has launched its Fast Trade broker extranet for commercial lines business with software house Acturis.
Primary Group plots merger to create £220m GWP MGA
Primary Group has announced plans to merger its managing general agency subsidiaries PBS Holdings and Longhawk.
Aon launches Terrorism Threat map
Aon Crisis Management has launched a Terrorism Threat Map following a shift in Islamist terrorist activity from the Middle East to South Asia.
AIG to sell Argentinian consumer finance operations
AIG has said that it has entered into an agreement to sell of all its consumer finance operations in Argentina.
Heritage Managing Agency renamed Argo International
Argo, the Bermudian (re)insurer, has said that Heritage, its Lloyd's managing agency, has been renamed Argo Managing Agency Ltd. and will conduct business under the brand name of "Argo International".
Towergate strengthens Newcastle team
Towergate today announces another key appointment to its retail operation in Newcastle.
Biba hails FSA decision on regulatory fees
The British Insurance Brokers' Association (Biba) claimed a victory when the Financial Services Authority (FSA) issued a policy statement setting out its final decision on the level of regulatory fees and levies for the 2009-2010 financial year.
Insured losses from crashed Air France plane may reach $1bn
The Air France passenger plane that went missing over the Atlantic Ocean may result in $1bn of insured losses, Guy Carpenter has said, quoting the UK reinsurance press.
Charles Taylor Consulting acquires
Charles Taylor Aviation has acquired ASG, a specialist aviation asset management consultancy.
Biba 09 interviews Part Five
In the fifth part of a series of camera interviews conducted at this year's Biba conference in Manchester, Sarah Hills - senior reporter, Post Magazine - talk about the point of the conference and how insurers and brokers are, or are not, working…
Biba hails victory as FSA backtracks
The British Insurance Brokers' Association today claimed a victory when the Financial Services Authority issued a policy statement setting out its final decision on the level of regulatory fees and levies for the 2009-2010 financial year. It shows that a…
Senior exec resigns from Axis - sources
Richard Housley, chief executive of Axis Capital's specialty line division has resigned from the Bermudian reinsurer, Reinsurance has learned.
Key Aon Benfield broker moves to Towers Perrin - sources
Aon Benfield has seen one of its key brokers resign to go to Towers Perrin, Reinsurance has learned .
Law firm start up targets Lloyd's and London market
Carter Perry Bailey, a new specialist insurance & reinsurance law firm, opened its door for business in Lloyd's Avenue EC3.
Hardy makes Bermudian appointment
The Company is pleased to announce the appointment of Paul Bailie as Managing Director of Hardy Bermuda Limited, the group's Managing General Agent in Bermuda.
Axa regional head takes up Brit business development position
Brit Insurance has hired Axa area manager Keith Commander as its business development manger for the north-west region.
Lloyd's insurer in capacity offer for 2010 year of account
Lloyd's insurer Omega today announces that it is making an offer on behalf of Omega Dedicated, a wholly-owned subsidiary of Omega, to acquire capacity on Syndicate 958 not already owned by the Omega group for the 2010 and each subsequent year of account.
AIG unit United Guaranty appoints new CEO
AIG's mortgage guaranty insurer United Guaranty has appoint Eric Martinez Jr as its new chief executive.
Reinsurance rates up 10-15% at 1/6 - Aon Benfield
Aon Benfield, the (re)insurance broker, has said that reinsurance renewals at June 1 rose 10-15%.
MMC unit sells business
Kroll, the risk consulting arm of Marsh & McLennan, said it has sold its US government security clearance screening business, Kroll Government Services, to private equity firm Veritas Capital for an undisclosed sum.
Aegon withdraws from group risk market
Aegon UK has announced that it is to withdraw immediately from the group risk market.
AMII and AMI respond to FSA’s policy statement
The Association of Independent Financial Advisers (AIFA) and the Association of Mortgage Intermediaries have welcomed the Financial Services Authority's (FSA) Policy Statement finalising FSA regulatory fees for 2009/10 which will reduce the level of fees…
FSA adviser fees only rise by 5%
Regulatory levies for most IFA firms will rise by 4.8% in 2009/10 but this is well down on an anticipated 15% hike, the FSA confirmed today. The rise in fees faced by advisers is still higher than that for mortgage brokers, despite major problems in the…