News
Groupama appoints HR director
Groupama Insurances has appointed Paul Cann as HR director. He joins the company from ING Bank on 16 July and will lead the development and implementation of the company’s various people strategies as it continues its drive to be a great place to work.
Evolution launches electrical inspection service
Commercial underwriting specialist Evolution Underwriting has expanded its portfolio of products to brokers with the launch of an electrical inspection service.
New electrical inspection service launched by Evolution
Commercial underwriting specialist Evolution Underwriting has expanded its portfolio of products to brokers with the launch of a new electrical inspection service.
Coface issues global credit warning
Credit insurer Coface has recalculated its country ratings in response to the deepening credit crisis.
Marsh claims first captive insurance management licence in Dubai
Marsh has been awarded what it claims is the first licence to provide captive insurance management in Dubai.
Brit Insurance opens new underwriting centre in Reading
Brit Insurance Holdings has announced the opening of its new permanent underwriting centre in Reading.
Biba calls for seven point action plan on floods
The British Insurance Brokers’ Association has welcomed the agreement between the government and the Association of British Insurers to ensure that flood insurance remains widely available, but believes that there are still properties that will be…
Willis appoints MD to drive strategic carrier relationships
Willis Group Holdings has appointed Jonathan Prinn as managing director of strategic carrier relationships, a key role in driving the company’s 'Shaping our Future' growth strategy.
Axa revealed as latest Preferred Protection Panel Member
Axa has joined Paradigm Mortgage Services’ Preferred Protection Panel.
BIBA gives caveat to ABI agreement
The British Insurance Brokers’ Association (BIBA) has welcomed the agreement between Government and the Association of British Insurers (ABI) to ensure flood insurance remains widely available. Despite this, BIBA believes that there are still properties…
Lloyd's A rating reaffirmed
Rating agency AM Best has reaffirmed Lloyd’s A (excellent) rating.
Partner Re receives approval for license in Brazil
PartnerRe, the Bermudian (re)insurer, said that its subsidiary, Partner Reinsurance Europe Limited, has received approval from the Brazilian reinsurance authority SUSEP as an admitted reinsurer.
US regulator publishes damning report into three ratings agencies
The SEC has issued a damning report into practices at ratings agencies Standard and Poor's, Fitch and Moody’s.
ABI/government: Flood agreement in full
The Association of British Insurers and the government have confirmed that an agreement has been reached to ensure flood insurance remains widely available now and in the long term.
Cullum pulls out of takeover talks
Towergate chairman Peter Cullum has revealed that takeover talks with Norwich City Football Club have ended.
Florida Senator Blames RAA for Failure of State Cat Fund Resolution
(BESTWIRE) -- In his last meeting with the National Conference of Insurance Legislators, Florida State Senator Steven Geller failed to get a catastrophe fund and federal disaster assistance resolution passed – a resolution in which the senator said he…
ABI reaffirms commitment to Statement of Principles
The Association of British Insurers has struck a deal with the governement to continue to provide cover under the Statement of Principles relating to flood cover after a meeting on Thursday.
Aviva sells Indian BPO offering
WNS acquired all of the shares of Aviva Global Services, its business process offshoring company in India and Sri Lanka which provides back office and contact centre support for Norwich Union in the UK. The deak is worth £115m to the UK insurance group.
Insurance industry could face £28.6bn bill if Law Lords’ decision on pleural plaques is overturned
Specialist loss adjuster Garwyn has warned of the possible implications to the insurance industry following the publication of a Government consultation paper on asbestos-related condition pleural plaques.
ABI publishes new consumer guides on HIV and insurance
The ABI has today published an updated version of its Consumer Guide for Gay Men on HIV and Life Insurance, and a new Guide on countries with high HIV prevalence and insurance.
Axa expands protection website to offer advisers help selling protection products
Axa has expanded its protection website in response to demand from advisers for advice on protection products.
Zurich pulls out of RBSI bidding
Zurich Financial Services Group has confirmed today that it has been considering making a bid for the insurance business of Royal Bank of Scotland and has carried out a detailed review of the opportunities.
Iprism unveils new launch
Online SME specialist Iprism has launched a new product for brokers aimed at small to medium-sized landlords.
New Lloyd's and London market head appointed
Gavin Phillips, partner, has been appointed the new head of the London Market and Lloyd’s insurance group and a member of the UK insurance leadership team at PricewaterhouseCoopers LLP.