News
RSA launches new bespoke Professional Indemnity product
Insurer RSA today launches a new 'Solicitors' package, offering tailor-made Professional Indemnity (PI) insurance to medium sized solicitor firms. Aimed at firms with a practice of 10 to 40 partners, 'Solicitors' has been designed to address the risks…
Canopius Bermuda hires Ace excess underwriter
Lloyd's insurer Canopius has announced the appointment of Stephen Hartwig as senior vice President and head of excess casualty to its Bermuda-based underwriting agency, Canopius underwriting Bermuda (CUBL).
Hiscox unveils new syndicate plan
Hiscox has announced plans for a prospective new syndicate as it unveiled its initial 2009 business forecast for Syndicate 33.
Giles announces second Welsh acquisition in two days
Giles has announced the aquisition of its second Welsh broker in two days.
S&P: Montpelier syndicate unlikely to write to 2008 capacity
Ratings agency Standard & Poor's (S&P) has said that it believes Montpelier Re’s Lloyd’s syndicate 5151 is unlikely to write to its full capacity in 2008, due to soft market conditions.
Alan Boswell wins hotel contract
The Alan Boswell Group has secured a deal to provide insurance Ramada Encore hotels.
Chubb promotes duo
Chubb Insurance has appointed Chris Lewis as personal lines development underwriter for London and Stephen Wilkinson as the UK and Ireland appraisal manager – with immediate effect.
Gedden steps down at NFU as Sinclair named CEO
After nearly 40 years of service with NFU Mutual and over 6 years in the role of chief executive, Ian Geden has announced his intention to retire at the end of 2008.
Zurich extends D&O cover in answer to new Companies Act
Zurich in the UK, working in partnership with City law firm, Davies Arnold Cooper is to issue an extension of coverage for its Directors and Officers (D&O) policy wording in response to the new law and procedures now in place under the Companies Act 2006…
Biba adds voice to Pitt report supporters
The British Insurance Brokers’ Association has welcomed Sir Michael Pitt’s report and urged the Government to announce its action plan taking forward the recommendations as a priority.
Ecclesiastical ups claims strength
Ecclesiastical has announced the appointment of Chris Lynwood as technical casualty manager.
Gallagher UK deputy CEO to join rival RFIB
RFIB Group has appointed Dominic Hagger, currently deputy chief executive officer of Arthur J Gallagher (UK), to join the senior team driving the group’s current expansion of its international non marine insurance business.
Former Zurich risk expert joins Gable
Lucas Slob has been appointed as a non executive director of the Gable Holdings, with Tim Moss stepping down from the board in order to pursue his other business interests.
Axis Capital takes Steel from Benfield; will become new chief risk officer
Bermudian (re)insurer Axis Capital has poached senior Benfield figure Michael Steel from the reinsurance broker, the company said in a statement.
NU liability manager in electricity warning
Firms need to focus on the threat from electricity, which causes approximately 1000 incidents and kills around 25 workers each year, Norwich Union warned today.
QBE Americas appoints new CFO
Chris Fish has been appointed chief financial officer, QBE the Americas.
Nationwide: let private insurers sell flood coverage
(BestWire) — Nationwide Insurance has come up with a plan it says could put an end to the contentious wind-versus-water debate that landed so many insurers and policyholders in court following Hurricane Katrina.
Broker unveils board change
CBG, the Manchester based insurance broker, has appointed Martyn Hughes as group finance director with immediate effect.
ILFC to remain core AIG asset
ILFC, AIG’s plane leasing and remarketing business will remain a part of the company after a review, said the company in a release.
Argenta appoints executive director for claims and operations
Argenta Syndicate Management Limited, the Lloyd's (re)insurer, has appointed David Williams as executive director for claims and operations.
Giles strengthens Welsh foothold
Giles has acquired Welsh insurance firm, Paul Murphy Insurance Services.
Hiscox teams up with Confused
Confused.com has launched a new overseas home insurance service, through Hiscox Insurance, where customers can insure their holiday homes.
Marsh deal sees 600 staff move to Capita
The Capita Group and Marsh have today signed an outsourcing deal worth £187m to Capita over 10 years. Capita announced that it had been selected as preferred bidder by Marsh on 11 January this year.
Nationwide issues $250m Cat bond
Nationwide Mutual, the US insurer, has issued a $250m Cat bond through a special purpose vehicle, Caelus Re.