News
L&G puts Holweger in charge of brokers
Legal & General’s general insurance business has appointed Coverwise founder Mark Holweger to the new role of broker & intermediary director.
Guernsey comes top in domicile poll
Guernsey's position as one of the leading captive insurance domiciles globally has been reinforced by the results of a new study into the sector.
No major Caribbean losses from Irene
The Caribbean Catastrophe Risk Insurance Facility has announced that, while Hurricane Irene resulted in registered losses in six of its member countries (Anguilla, Antigua & Barbuda, the Bahamas, Haiti, St. Kitts & Nevis and the Turks & Caicos Islands),…
Solvency II could contract personal lines insurance market
Nine out of ten senior financial services executives expect the costs of complying with Solvency II to force smaller firms to quit personal lines insurance unable to make a profit, reducing choice for consumers.
Swiss Re warns of challenging market for Nordic insurers
In Oslo today, Swiss Re, will use its flagship Nordic Risk & Insurance Summit conference to warn that the economic environment in the wake of the financial crisis is still very challenging and turbulent.
Birmingham tops crash-for-cash league
For the sixth consecutive quarter Birmingham has been named the number one hotspot for crash for cash insurance Fraud by the Insurance Fraud Bureau.
Hurricane Irene could cost insurers as much as $6bn
Catastrophe modeling firm Air Worldwide estimates insured losses from Hurricane Irene to onshore properties in the US will be between $3bn and $6bn.
Travelers shakes up its Lloyd's team
Travelers has announced a series of promotions within its Lloyd’s operation Travelers Syndicate Management.
US reinsurers hit by claims
The Reinsurance Association of America says its group of 19 US property and casualty reinsurers wrote $13.8bn of net premiums during the six months ended June 30, 2011, an increase from the $12.3bn written in the first six months of 2010
Irene to cost insurers as much as $6bn
Catastrophe modelling firm AIR Worldwide estimates that insured losses from Hurricane Irene to onshore properties in the US will be between $3bn and $6bn.
'Merlin Academy' graduates primed team leader roles
Graduates from the first class ever to undertake the ‘Merlin Academy’ accredited Chartered Management Institute Level 2 Certificate in Team Leading have praised the content of the course.
RDT reports 36% growth
RDT has reported a 36% year-on-year growth in turnover as it celebrates two decades of trading.
Insurance Insight weekly update live
Insurance Insight’s weekly update is live with an article on harmonising European compensation systems; and an article on the opportunities for brokers in the international PMI market.
US Solvency equivalence poll results
Find out what the market voted for on Solvency II equivalence in the US.
QBE launches travel product alongside RMCI
QBE has teamed up with yearabroadinsurance.com, a trading name of RMCI Insurance Brokers, to offer a new travel insurance product designed for students studying and working overseas.
Antares appoints new compliance chief
Lloyd’s insurance firm Antares has named Lucy Peake as its new compliance manager.
Half of UK’s brokers managing schemes
Schemes specialist insurer MMA has today revealed a new study that suggests a significant uptake in the number of brokers undertaking schemes work.
Phoney insurer stopped after Gibraltar regulator warning
The website of the alleged phoney car insurer Unique Car Insurance has been disabled after the Gibraltar Financial Services Commission warned the public the firm was not regulated as claimed.
Willis develops nuclear exclusion risk cover
Willis Group Holdings has developed insurance to cover business interruption costs for companies with key locations, suppliers or customers situated in the vicinity of a nuclear power station.
Polish insurer PZU sees profits rise after restructure
PZU SA, Poland’s largest insurer has posted profits up 33% after major restructuring.
Swiss insurance market remains stable
Fitch Ratings has said its sector rating outlooks for the Swiss life and non-life insurance sectors remain stable, despite the challenges of financial market turbulence and low interest rates.
Hurricane Irene heads towards Bahamian capital
After battering the southern islands of the Bahamas, Hurricane Irene is now just 65 miles away from the capital city of Nassau, according to the latest report compiled by AIR Worldwide.
Willis develops interruption cover in wake of recent disasters
Willis has responded to the devastating impact of the earthquake and tsunami that struck Japan in March by developing an insurance product to cover business interruption costs for companies in catastrophe hotspots.
Grant Ellis joins Prince's Trust Insurance Leadership Group
Broker Network and Countrywide Insurance Marketing chairman Grant Ellis is to join the committee of The Prince’s Trust Insurance Leadership Group.