News
Ascot and Hannover form power pact
Inter Hannover and Ascot Underwriting have formed a dedicated technical underwriting vehicle for the power and utilities industry.
Environment Agency appeals to business to support flood defences
The Environment Agency is calling for communities and businesses to contribute more towards the funding of future flood defences.
Alex to strengthen as hurricane watches issued for Texas and Mexico
Tropical Storm Alex, the first named system of this year’s Atlantic hurricane season, strengthened as it forced the evacuation of some offshore rigs and pushed swells toward a slick left by the Deepwater Horizon spill.
Ace raids QBE to complete regional management team
Ace has appointed Jon Houghton to the role of regional manager Corporate Risks, Southern Region.
Aon forms Aon Global Risk Consulting Bermuda
Aon Global Risk Consulting has launched a captive consulting practice, Aon Global Risk Consulting Bermuda, which is part of Aon Insurance Managers (Bermuda). Aon executive Laura Taylor is to lead the practice.
Neal bill opponents respond to “inaccurate and misleading” Berkley statements
A coalition of trade experts, consumer advocates, insurance industry leaders and state officials have protested “inaccurate and misleading” statements made by William Berkley, of WR Berkley, most recently, regarding an online video opposing controversial…
Consumers urged to check details of their motor policies
Research by Defaqto has shown that only 23% of motor insurance policies offer a courtesy car as standard if your car is written off or stolen.
Risk managers call for penalties for late payment of claims
Insurers should expect to pay damages to their clients when they are slow to pay claims, according to the Association of Insurance and Risk Managers.
Swiss Re: global non-life premium dips 0.1% in 2009 to $1 735bn
According to Swiss Re’s latest “World insurance in 2009” sigma study, world insurance premium volume fell 1.1% on an inflation-adjusted basis.
Hiscox to cut Lloyd's capacity by £100m in 2011
Hiscox has published a summary of its initial 2011 business forecast for Syndicate 33. A full 2011 business forecast for Syndicate 33 will be submitted to Lloyd's by 9 July.
Lloyd's insurer Catlin to set up $1bn Swiss reinsurance arm
Catlin plans to form a reinsurance company in Switzerland to "significantly expand the European-based reinsurance business underwritten by the group," it said today.
Swiss Re: global non-life premium dips 0.1% in 2009 to $1 735bn
According to Swiss Re’s latest “World insurance in 2009” sigma study, world insurance premium volume fell 1.1% on an inflation-adjusted basis.
Hiscox to cut Lloyd's capacity by £100m in 2011
Hiscox has published a summary of its initial 2011 business forecast for Syndicate 33. A full 2011 business forecast for Syndicate 33 will be submitted to Lloyd's by 9 July.
Lloyd's insurer Catlin to set up $1bn Swiss reinsurance arm
Catlin plans to form a reinsurance company in Switzerland to "significantly expand the European-based reinsurance business underwritten by the group," it said today.
London market “more competitive” following budget
The International Underwriting Association’s chairman Stephen Riley has welcomed recent changes to corporation tax in June’s emergency budget.
US Congress passes financial reforms
On Friday, after a marathon 20-hour debate, the US Congress passed an amended version of the Dodd-Frank Bill which includes measures to prevent more AIG-style bailouts and a federal insurance regulator.
Ecclesiastical gains five-star rating
Ecclesiastical has achieved a Defaqto five star rating for the fifth tier of its wedding insurance.
Mondial appoints MD
Mondial Assistance UK has appointed Serge Corel as its managing director.
Alex regains tropical storm strength in Gulf
Tropical depression Alex picked up speed over the Gulf of Mexico on Sunday, regaining tropical storm strength, and keeping two key Mexican oil ports closed.
Brokers predicting profitability fall
UK insurance brokers are expecting a drop in profitability over the next three months, research by PricewaterhouseCoopers and the Confederation of British Industry has shown.
Execs would not be surpised if Eurozone shrinks, report claims
Rising sovereign debt in the developed world is one of the main concerns for the world’s business leaders and financial executives, according to 440 senior executives who participated in a survey commissioned by RBC Capital Markets.
CNA expands technology underwriting team
CNA Europe has made two appointments to its European technology practice.
Execs would not be surpised if Eurozone shrinks, report claims
Rising sovereign debt in the developed world is one of the main concerns for the world’s business leaders and financial executives, according to 440 senior executives who participated in a survey commissioned by RBC Capital Markets.
CNA expands technology underwriting team
CNA Europe has made two appointments to its European technology practice.