News
Willis takes terrorism insurance talks to Middle East
Despite a number of recent terrorist attacks occurring on Middle East and North African soil, the take-up of terrorism insurance by companies in the region is still extremely low, according to Willis.
Aon says intends to take over Nymex contract in Gallagher Re buyout
Aon has said that it intends to take over Gallagher Re's Nymex derivatives contract as part of its $30m takeover over the group.
ARC reports downturn in UK run off liabilities
The Association of Runoff Companies today gave its annual sector overview at the 2008 ARC Congress.
Aon releases airline industry report
The airline insurance market was broadly unprofitable in 2007, according to Aon.
IGI revamps touring caravan product
Specialist UK general insurer, IGI, has revamped its touring caravan product.
Select & Protect launches Affinity Partnership Programme
Select & Protect, the provider of General Insurance products to the financial services marketplace, has launched its Affinity Partnership Programme (www.select-protect.co.uk/affinity) aimed at giving companies control when offering tailor made GI…
Brown and Brown's UK arm raids AJ Gallagher for start up team
Brown and Brown has confirmed some more details about Decus Insurance Brokers, its new UK subsidiary first reported in Post on 14 February.
National oil companies face news risks says Marsh
National oil companies are facing a whole new set of business-critical risks they need to be adequately prepared for, Marsh chief executive officer, Dan Glaser, has warned.
QBE sees European business GWP fall slightly
QBE Europe saw gross written premium reduced by 4% to Aus $5137m (£2421m)and gross earned premium reduced by 1% to Aus $5158m in 2007.
Broker opens three new offices
The Huntington-based broker Coversure has announced the opening of three premises in Chesterfield, Andover and Hertford.
Former insurance directors convicted of $500m AIG fraud
Five former insurance executives have been convicted of fraud after an accounting scandal involving AIG and Berkshire Hathaway unit, General Re.
Glacier increases profits in 2007, to open London branch
Swiss-based (re)insurer Glacier group has reported 2007 pre-tax net income of $76.6m, an increase of $13.2m over 2006.
Willis selects AIG, Beazley and others for WTC building project
World Trade Center developer Larry Silverstein has announced the placement of the workers’ compensation, general liability, excess liability, and specialty insurance programs for the construction of Towers two, three, and four (200, 175, and 150…
Beazley boosted by US business, eyes Europe
Lloyd's (re)insurer Beazley has reported profit before tax of £138.5m for 2007 (2006: £86.8m) on gross written premiums of £780.5m (up 5%). Profit before tax and foreign exchange on non monetary items increased to £130.3m (2006: £96.2m) and net written…
Kwik-fit extends partnership with Fleet Hire
Kwik-Fit Fleet has extended its business partnership with leasing and fleet management company Fleet Hire for a fifth year with the signing of a new 12-month solus preferred agreement.
Towergate acquires Leicester broker
Towergate has boosted its Leicester presence by acquiring general, healthcare and financial services broker TF Bell Group.
New head of building solutions at Cunningham Lindsey
Christopher Hackett has been appointed to the new position of building solutions manager at Cunningham Lindsey UK.
Gallagher's Gander, Tucker to stay after Aon takeover
Gallagher Re chief executive Simon Gander and managing partner Larry Tucker will take senior positions at Aon after the $30m buyout of their business is completed, Reinsurance Magazine understands.
Axa launch buy to let product
A new personal lines product designed for small property investors and buy to let landlords has been launched by Axa.
3XD appoints non-executive chair
3XD has appointed Rick Riding as non-executive chairman with immediate effect.
Marsh’s new private client head warns of standard cover
Marsh has appointed Adrian Saunders to be the head of private client services in the UK.
Highway rolls out household product on Open GI
Broker only insurer Highway has added its new Choice Home household product to the Open GI system with immediate effect.
Munich Re says expects FY profits to be €400-900m lower this year
Munich Re, the German reinsurance firm, said that it expects this year’s profits to be between €400-900m lower than last year because of the softening underwriting market.
Norwich Union launches large property owners product
Norwich Union is today launching a specially designed prestige package aimed at large property owners, to help brokers offer a fully tailored solution for their customers.