News
Heath Lambert attributes exceptional new client wins to income growth
Insurance broker Heath Lambert has reported earnings before interest, tax, depreciation and amortisation (EBITDA) remains at £17.5m in its key trading highlights for the year ended 31 December 2008.
Allianz criticises structural issues in unsustainable retail sector
Allianz Insurance has reported an increase in commercial lines GWP to £918.6m (2007: £906.2m), while its retail arm dips to £612.6m (2007: £624.2m).
Reinsurance's March Madness details revealed
Reinsurance Magazine is doing a "March Madness" group for the upcoming NCAA Tournament.
AIG reveals monster payouts to banks from bailout
AIG has said that it paid out billions from its emergency US government bailout to pay off counterparties of its credit default swap and securities businesses.
Pembroke hires new underwriter from Axis
Pembroke Managing Agency is pleased to announce the appointment of Chris Newton to head up its media and technology team.
Axa's household line launched on Acturis platform
Axa has made its core household products available to users of Acturis.
Arista opens Birmingham office
Arista Insurance has opened its sixth office to support Birmingham and Midlands-based brokers.
CBG reports 17.5% rise in pre-tax profits
Manchester-based broker CBG Group has reported a 49.9% increase in revenue to £11.15m (2007: £7.44m).
CCV LAS enters rental market
Arc Legal Assistance has been appointed by CCV Letting Agents Solutions to provide landlords legal and rent guarantee protection claims handling services after CCV LAS launches into the rental market.
Arag acquires network
Arag, the Bristol based legal insurance specialist, has strengthened its position in the after-the-event market with the purchase of leading intermediary ATE Ltd for an undisclosed sum.
Credit hire firm warns on volumes
Accident Exchange has outlined the results of its cost saving efforts in an interim statement this morning.
Agnew Higgins Pickering founder takes deputy chair role at broker
Tony Pickering has joined Glencairn Energy as deputy Chairman. He will report to Alan Brooks, chief executive of Glencairn Energy.
AEG chief says promoter 'would be willing to self-insure' for Michael Jackson concerts
AEG's chief executive has said that the concert promotions company would be willing to self-insure Michael Jackson should there be a shortfall in coverage for the singer for all of his concerts, the Daily Telegraph has reported.
Liberty Syndicates adds two more underwriters
Liberty Syndicate Management, the Lloyd's of London arm of Liberty Mutual, has appointed two new underwriters to build on its market leading position in key risk classes.
Promoters for Michael Jackson struggle to arrange full cancellation policy
Promoters of Michael Jackson's sell-out set of concerts in London could lose hundreds of millions if the star is forced to cancel his shows, Reinsurance has learned.
AIG UK reports £84m profit
AIG UK has reported a pre-tax profit of £324m and a £2.28bn gross written premium in 2008.
Insurance industry backs collaborative EU regulations
The insurance industry has backed proposals in a European Commission report recommending a pan-European risk watchdog believing it will help rebuilt trust in European financial services regulators.
Chubb European CEO Giles promoted
Chris Giles has been appointed to international field operations manager for the Chubb Group of Insurance Companies, effective from 1 January 2010.
RSA chooses new software system
Software company IRIS has announced that its field services division has won a major contract with RSA.
Motorcycle site launches new insurance comparison service
Motorcycle website BikeDevil has launched a new insurance service.
Channing & Lucas gets Lloyd's license approval
Channing Lucas & Partners has revealed that it has been accepted as an approved registered Lloyd's broker.
CLP granted Lloyd's broking status
Channing Lucas & Partners has been accepted as an approved registered Lloyd's broker.
Xchanging confirms major seven year broking contract
Aon Benfield has today confirmed that it will transfer further operational work to Xchanging, the global business processor, as predicted earlier in the week.
Aon Benfield confirms Xchanging deal
Aon Benfield has confirmed that it will transfer further operational work to Xchanging, the global business processor.