News
G Cube increases wind and solar capacity
Renewable energy insurance specialist G Cube has increased its underwriting capacity for wind and solar projects to $680m (£411.3m).
Hurricane Irene gets stronger
Hurricane Irene has intensified to a category 2 hurricane and is expected to continue to strengthen, becoming a major hurricane of category 3 and above, warns Risk Management Solutions.
Motor insurers ease cover rules for volunteers
Motor insurers have given the green light to volunteers who want to use their cars to help out their local communities by promising not to charge extra premiums.
Aim targets brand development with sales appointment
Aim Legal Expenses Insurance Services has appointed Ian Meachin as sales manager - as part of a push into broadening the firm's reputation among brokers, intermediaries and the automotive sector nationwide.
Duo launch psychological professionals scheme
Insurer Ecclesiastical and Oxygen Insurance Brokers have unveiled a new tailored home insurance scheme for psychological professionals.
Towergate unveils broking division MDs
Towergate Retail has appointed 11 area managing directors to head up its new broking division.
European insurers adopt Dataflux technology
Nine European insurance firms have adopted Dataflux technology to help underpin their Solvency II data management initiatives.
Elite appoints new London boss
Legal expenses insurer Elite has named Mike Payne the general manager of its London office.
Hurricane Irene heading for the US, Met Office warns
Hurricane Irene, the first of this year’s North Atlantic tropical storm season, is heading for the Bahamas and is expected to move on to the United States in the next few days, the Met Office has warned.
Zurich names global media relations head
Zurich Financial Services Group has appointed Maeve Gallagher to the role of global head media relations, with effect September 1, 2011.
AGCS names financial institutions chief
Allianz Global Corporate & Specialty has appointed Sue Yen Leow as head of financial institutions for the UK.
Solicitors face new PI risks in alternative business structure firms
Lawyers who “dabble” with multi-disciplinary practices once restrictions of trading are lifted in October face professional indemnity claims, Brit Insurance has warned.
Insurers paid and collected £10.4bn in tax
Insurers paid £10.4bn to the UK Exchequer last year – more than before the recession - figures from the Association of British Insurers and PWC have revealed.
First Hurricane Irene could hit US
AIR Worldwide has said that Irene became the Atlantic basin's first hurricane of the 2011 season when its winds strengthened to 75mph as it was leaving Puerto Rico's northern coast.
Chesterfield appoints producer broker for North America division
Independent Lloyd’s broker Chesterfield has appointed James Sergeant as a producer broker for its North America division.
Japanese insurer expands into Europe with Dutch acquisition
Nipponkoa Insurance Co has reached an agreement with Ethias NV to acquire all of the shares of the Dutch underwriting agency Nateus Nederland BV.
Misleading insurance advertisers will be named and shamed
City law firm Reynolds Porter Chamberlain has warned that any insurance broker or insurance company that markets its own product can be raked over the coals by the Financial Services Authority for misleading advertising.
Simply Business gives Moneysupermarket SME cover
Commercial insurance broker Simply Business is launching small business insurance on comparison site Moneysupermarket providing the cover under a white label deal embedded in the site.
Prime Professions to work for conveyancers
Professional indemnity insurance broker Prime Professions has been appointed as the new broker for the Council for Licensed Conveyancers’ Master Policy Scheme.
ACI helps Amlin France GWP double but group reports £192.3m loss
Amlin France doubled its gross written premiums for the first half of 2011 compared to 2010, but over the group reported losses of £192.3m before tax (H1 2010: £107m profit).
MMA launches motor trade combined cover
MMA Insurance is bucking the trend of insurer cutting capacity and shrinking their motor trade books by expanding its range with the introduction of a motor trade combined product.
Irish Wrightway puts renewals on EDI
Irish underwriting agency Wrightway is converting all of its manual motor policies to full cycle EDI on Open GI removing the need for paper transactions on renewals.
Giggins to spearhead Miller's Asian plans
Martin Giggins has joined Miller’s Hong Kong office to spearhead the development of its financial services business in the Asia region.
Confidence hit by claims and uncertainties
The latest ICAEW/Grant Thornton UK Business Confidence Monitor shows that a year of catastrophic losses, on-going soft pricing and regulatory uncertainty has hit insurance industry confidence hard.