News
Lockton plans move for 2010
Lockton has announced it has agreed to a 20-year lease to move into a new European Headquarters at UK property developer Minerva’s St Botolphs site.
RFIB appoints director
RFIB appointed Hugh Champion as director.
Endurance Specialty Holdings makes appointment
Endurance Specialty Holdings has announced Robert Needle will join the company as executive vice president excess casualty and professional lines.
MIB highlights 2007 results
The Motor Insurers’ Bureau has welcomed the results of its campaign to remove the menace of uninsured driving from English roads.
Legal Protection for HM Forces Officers
In an increasingly litigious society and with the removal of Crown Immunity, the likelihood of members of HM Forces suing the Crown is increasing, accoridng to a military insurance provider. Towergate Wilsons have launched an Officers Legal Protection …
Towergate Wilsons launches legal product
Towergate Wilsons has launched an Officers Legal Protection policy to face the increasing likelihood of members of HM Forces suing the Crown.
NFU to return 10% of premiums to policyholders despite £112m flood hit
Despite flood claims totalling over £112m in last year’s floods and storms, NFU Mutual has said it will be returning up to 10% of renewing customers’ premiums in 2008 through its Mutual Bonus scheme.
XL renews with smaller $136m Cyrus Re II retro sidecar
Bermudian reinsurer XL Re has announced a quota share reinsurance treaty with a newly-formed Bermuda reinsurance company, Cyrus Re II.
Liberty enlarges regional footprint
Liberty International Underwriters has announced the acquisition of Cheltenham-based Vision Underwriting.
White Mountains cancels Helicon Re, citing market deterioration
White Mountains Re has acquired its Helicon Re retrocession sidecar Helicon Re Holdings for approximately $150m.
Chubb launches warranty-free commercial package product
Chubb Insurance has launched its new MasterPackage commercial policy designed to address the commercial insurance needs of customers in one contract. Chubb has made more than 50 improvements to its existing product.
Crawford unveils reduced management team
Crawford's chief executive officer Jeffrey Bowman announced strategic executive changes to its operating model and management team, with the goals of driving revenue growth and improve services.
Berkeley Alexander targets identity fraud
Brokers will be able to offer their clients protection against identity theft through a new insurance policy from Berkeley Alexander.
CII recruits insurer and broker chiefs to board
Peter Hubbard, Axa's chief executive, and Sian Fisher, the head of agency operations at Oxygen Insurance Brokers, will join the Chartered Insurance Institute's main board, it was announced today.
CII appoints two new board members
The CII Group has announced the appointment of Sian Fisher, head of agency operations at Oxygen Insurance Brokers, and Peter Hubbard, chief executive of Axa Insurance, to its main board.
Swiss Re to buy 25% stake in Vietnam National Re
Swiss Re today has announced that it has entered into an agreement to acquire a 25% stake in Vietnam's leading reinsurance provider, Vietnam National Reinsurance Corporation, for VND1.3 trillion (approximately US$79 million) as a result of which Swiss Re…
Insurance industry faring well amid credit crunch
A new financial services activity report from Pricewaterhouse Coopers suggests the insurance industry has taken less of a hit during the past quarter compared to other arenas, such as banking.
MMA Insurance product launch
Intermediary only insurer, MMA Insurance, has announced the launch of full cycle functionality for its master tradesman plus small contractors liability product on the company’s successful extranet, broker online.
Europ Assistance launches ID Theft Assistance
Europ Assistance has launched ID Theft Assistance.
PWS raids SBJ again to boost marine team
Broker PWS Holdings has appointed Simon Christensen as a director of its marine division.
Hannover Re to open Life branch office in S Korea
Global reinsurer Hannover Re has announced plans to establish a branch office for life and health reinsurance business in Seoul in June 2008.
Scor renews Converium's UK MDU malpractice account
European reinsurer Scor has announced that it has renewed its successful business relationship with UK medical defence organisation, the Medical Defence Union's commercial arm, Medical Defence Union.
Swiss Re places €200m French windstorm bond for Groupama
Global reinsurer Swiss Re has structured and placed €200m of securities covering windstorm events in France.
Former AA Insurance boss Sinclair resurfaces
Online SME comparative quote facility Iprism has appointed Kevin Sinclair as managing director.