News
Bermudian insurer in potential payout over Willis settlement
Bermudian (re)insurer XL may have to pay out up to $50m to cover E&O insurance costs for Willis' settlement with CNA, Reinsurance has learned.
Lloyd to stay at Marsh Aviation
Senior Marsh Aviation broker Steve Lloyd is to stay at the broker, Reinsurance has learned.
Pick of the week
Comparison Consortium loses two key members; Legal and General to re-enter motor market; Aviva’s John Kitson will never return to financial services; Clampdown on IPT proves costly for some insurers; Apil withdraws from mediation of fixed costs
JLT, Beazley team up for E&O program
JLT and Beazley expanding to offer consultant’s E&O program to additional classes of business.
Open GI widens development director board role
David Kelly handed responsibility for insurer partnerships
Government to get even tougher on uninsured driving with new measures
Road Safety Minister Paul Clark unveils proposal to make it an offence to keep an uninsured vehicle.
Ironshore establishes energy casualty unit
Bermudian (re)insurer establishes energy casualty division
QBE completes another acquisition
Insurance group in US swoop.
THB recruits new deputy MD
Mick Cole promoted in US division.
Moody's assigns ratings to Abu Dhabi insurer
Moody's Investors Service has today assigned a first-time insurance financial strength rating (IFSR) of A3 to Al-Ain Ahlia Insurance Co, which is based in Abu Dhabi in the United Arab Emirates.
Barbon focuses on overseas growth
Broker seeks agreements with international partners
AM Best upbeat on Arab Re
Arab Reinsurance Company sees its outlook upped to positive by AM Best.
Heath Lambert strikes deal with Heritage Insurance Management
Heritage to acquire broker’s risk retention and captive management division
Fitch gloomy on Novae
Novae's outlook downgraded by US ratings agency
Willis in $130m settlement
Willis and US casualty insurer CNA come to a $130m settlement over accident reinsurance case
Post launches new series of live webinars for the insurance industry
Take part in Post's latest series of live webinars addressing the key strategic areas of change, the customer and creativity.
ABI claims FOS complaints data risks misleading consumers
The ABI has produced its own table showing complaints in context of overall quality of type of policy.
Ombudsman publishes complaints data on insurers
The ombudsman upheld 70% of general insurance complaints.
Quinn warns construction industry against dangers of underinsuring
Insurer warns diversifyng businesses to check policy coverage.
80% of insurer execs expect drop in UK insurer numbers unless government takes action
ABI director general Stephen Haddrill outlines proposals to boost competitiveness.
RSA said to be 'considering' large acquisitions
RSA is said to be considering large acquisitions, the Financial Times has reported.
XL Capital CFO to leave
Chief financial officer Brian Nocco tenders his resignation.