News
Caribbean Cat fund announces board appointments
The Caribbean Catastrophe Risk Insurance Facility has appointment Isaac Anthony and Dr Warren Smith to its board to represent the interests of CARICOM - the Caribbean Community - and the Caribbean Development Bank respectively.
Homeowners fail to protect property against floods
Homeowners fear future flooding mean they are failing to take measures to protect their properties, according to new research.
Global fuel wars could foil UK nuclear plans
Global fuel wars could foil plans to expand Britain’s nuclear power industry and provide a £20bn boost to the economy, according to Aon.
Swiss Re enters emissions reduction agreement in China
Swiss-based reinsurance giant Swiss Re has entered into an emissions reduction purchase agreement in northern China with Hebei Construction Investment New Energy.
AIG reorganizes domestic insurance ops
American International Group is reorganizing its domestic insurance operations to improve efficiency and customer service, the company said.
Groupama establishes new schemes role
Groupama Insurances has appointed Sarah Stephen to the newly created role of schemes underwriting manager.
Beazley introduce Side A protection 'Beazley Armour'
Lloyd's (re)insurer Beazley have introduced Beazley Armour, a Side A policy form designed to provide exceptional protection for directors' and officers' and, on an excess basis, a seamless fit over traditional D&O programs.
156 vehicles seized in major motor fraud operation
The Motor Insurance Database has been used by six UK police forces in a successful criminal operation.
CFC addresses PCI requirements
CFC Underwriting has launched the first Professional Indemnity (PI) policy for IT Consultants and Security Assessors around the world that meets the Payment Card Industry Security Standards Council’s (PCI) requirements.
Colombus moves into home and motor insurance
Travel insurer, Columbus Direct, has moved into home and motor insurance with the message – “we won’t sell our own policies.”
US P&C rates fell by 12% in March - report
US property and casualty rates declined 12% in March 2008, according to US-based electronic insurance exchange Market Scout.
Insurer expands disease cover
Health insurer Bupa International is expanding its cover for chronic diseases.
RMS strengthens catastrophe modelling team
Risk Management Solutions has appointed Raj Manghani vice president of underwriting solutions product management.
Healthcare provider takes advantage of social networking site
Healthplan provider HSA has launched a Facebook personal planner.
Swiss Re UK CEO presents FSA with regulatory 'wish-list'
Swiss Re’s UK chief executive has presented a regulatory “wish-list” to the Financial Services Authority’s Annual Insurance Sector Conference today.
SSP in Asia-Pacific acquisition
SSP has strengthened its grip on the Asia-Pacific general insurance market with the acquisition of IT business Insure/90 from CSC Computer Systems.
Lawyer sticks up for victims rights
The new Association of Personal Injury Lawyers president is to defend people’s right to compensation at the organisation’s annual conference.
Rehabilitation register call
Rehabilitation body BIMCA has called on all the solicitors and insurers signed up to its register supporting the Rehabilitation Code to update their details. It is also calling on providers signed up to its quality standards to do the same.
Cardif Pinnacle acquires warranty provider
Cardif Pinnacle has acquired a majority shareholding in Warranty Direct, a provider of personal extended warranties that protect consumer‘s cars and electrical appliances via its website www.warrantydirect.co.uk.
Bright Grey adds Indexation to CI and Life Cover Policies
Bright Grey has added an indexation payment option to its critical illness and life policies.
Bright Grey adds Indexation to CI and Life Cover Policies
Bright Grey has added an indexation payment option to its critical illness and life policies.
Federal judge asked to move back sentencing for Gen Re, AIG execs
Prosecutors have asked a federal judge to move back the sentencing date of five former insurance executives convicted in February of securities fraud for one month to allow more time for a government expert to prepare a report on the loss amount used in…
Equity strikes fraud management deal
Equity has appointed Absolute Fraud Management to provide its fraud management solution based on cognitive interviewing on a two year exclusive contract. The appointment follows a six month pilot scheme.
Claims company diversifies into glazing with new subsidiary
As part of its strategy to diversify into new markets, drainage specialist UKDN has launched UKGN – the UK Glazing Network.