News
Travelers extends directors' & officers' cover
Travelers has expanded its directors' and officers' (D&O) cover by rewording its DirectorXpress policy to include over thirty new coverage enhancements.
EuroMena in $6m investment in Middle Eastern broker Chedid Capital
Middle Eastern (re)insurane broker Chedid Capital received a boost when European private equity company EuroMena invested $6m in it to finance its future growth, reports say.
AIG taken to court in Canada, alleging company misled investors
(BESTWIRE) A C$550m ($450m) lawsuit filed in Canadian courts charges that American International Group Inc. and many of its senior officials misled investors about the safety of some of its credit market activities for two years.
Southern California wildfires abate - AIR
According to catastrophe risk modeling firm AIR Worldwide, strong winds, with near hurricane-force gusts, fanned three separate fires this weekend in Southern California. More than 40,000 acres (about 62 square miles) have been scorched from Santa…
Giles buys SBP in biggest deal since Charterhouse backed the business
Giles Insurance Brokers has acquired specialist transport insurance brokers SBP Group
Riddell appointed chairman of Zurich global corporate
Geoff Riddell, the current chief executive officer (CEO) of Zurich Global Corporate has been appointed to the new role of chairman of the division.
BGL Group teams up with Cunningham Lindsey in two-year deal
BGL Group has appointed Cunningham Lindsey UK to provide new and improved claims administration and selected claims management services for the company's home insurance customers.
Travelers enhances D&O policy
Travelers has re-vamped its DirectorXpress policy wording for private company and non-profit risks.
Axa offers environmental liability product in advance of new legislation
Axa has launched a new product providing cover for environmental damage and consequences of environmental impairment.
Axa launches environmental product
Axa Corporate Solutions has officially launched environmental solution Ecosphere in the UK.
License trade products introduced by ABC
ABC Insurance has launched a range of commercial insurance policies specifically developed for the licensing trade.
Arch appoints new CEO for Canadian business
Arch Capital said that it appointed Gordon Kerr as the chief executive officer and chief agent of its Canadian insurance operations.
ABC Insurance to launch licensing trade policies
ABC Insurance is launching a range of commercial insurance policies specifically developed for the licensing trade.
Tesco Compare launches van insurance channel
Price comparison website Tesco Compare has launched its new van insurance channel that enables drivers to compare more than 300 insurance deals from 17 van insurance brokers.
Age Concern says plan to retest all older drivers is "discriminatory"
Some 89% of older people think bad drivers of any age should be retrained, according to Age Concern.
Reinsurance founder passes away
Roy Harris, one of the original founders of Reinsurance Magazine nearly forty years ago passed away in September aged 77, Reinsurance has learnt.
AIG Vietnam unit to offer new airline product
(BestWire) - American International Group's Vietnam subsidiary, AIG Vietnam General Insurance Co. Ltd., is teaming up with local budget airline Jetstar Pacific to offer the first online travel insurance product in Vietnam.
Florida Regulators Give Official Nod to Take Up to 110,000 Policies From Citizens
BestWire) - The Florida Office of Insurance Regulation said six companies have been approved to remove up to 110,000 policies from Citizens Property Insurance Corp. on Nov. 14 as part of the state's continued take-out program.
Glacier says expects to produce a net underwriting profit for 2008
Glacier, the European (re)insurer, said that it expects to generate a net underwriting profit, despite estimating that it will be hit by a total of $71m of claims stemming from US Hurricanes Gustav and Ike.
Hardy says outlook for business 'improving'
Hardy Underwriting, the Bermuda domiciled Lloyd's of London (re)insurer, said that the outlook for its business is improving.
Aon's Aberdeen branch expanding following "best year on record"
Aon says that recent wins for its Aberdeen branch has contributed to a 30% surge in 2008 revenues, as the company celebrates its 50th anniversary in the city.
Liberty International Underwriters sets up French claims operation
Liberty Mutual Insurance Europe, part of Liberty International Underwriters, has appointed Frédérique-Marine Bannes as claims manager of new operation for LMIE in its Paris office in France.
PMI Health Group sales hit record levels
PMI Health Group saw its best financial year with 9.5% growth for the year to June 2008, on an annual turnover of nearly £8 million.
Unum improves executive IP in response to welfare changes
Unum has increased the proportion of a client's income that can be covered using its Executive Income Replacement Plan.