News
CNA launches new directors and officers liabilty product
CNA Europe has launched a new Directors & Officers (D&O)liability product in the UK and Ireland. The policy, designed to apply equally to large, publicly listed companies and small to medium sized private businesses alike, is CNA’s response to the…
Post launches climate change campaign
Post has this week launched a campaign to encourage the insurance industry - from insurance companies through to brokers and suppliers - to fight climate change and embrace the drive to make their businesses, their staff and their customers, carbon…
FSA – Tackles crime in the Insurance Industry
Under the new system insurance firms and intermediaries are being called on to inform the Financial Services Authority (FSA) when they suspect criminal behaviour, so that the FSA can decide whether to investigate further. This may arise when an insurer…
Flagstone Re reveals bumper year in IPO prospectus
Class of 2005 Bermudian reinsurance start-up Flagstone Re has filed the prospectus for its upcoming New York flotation with the SEC, revealing a planned sale of 15.4% of the company.
Bupa revenues rise 9%
Healthcare company Bupa has announced revenues increased by 9% in 2006, up to £4.25bn, including organic growth of 7%.
Bupa launches national TV campaign
Bupa begins its latest advertising campaign on national TV this week, with the campaign running from tomorrow.
Lloyd's gets green light from Chinese regulator
Lloyd's announced today that it has received the formal licence document from the Chinese regulators to begin operations for its new reinsurance company in Shanghai, Lloyd's Reinsurance Company China Limited (LRCCL).
Allianz Cornhill joins forces with Game
Allianz Cornhill Schemes has joined forces with retailer Game to sell insurance on the new PlayStation 3 and other games consoles.
Allianz Cornhill offers customers protection for their Playstation 3
Allianz Cornhill Schemes and GAME, the specialist retailer of computer software and video games, has launched a product to sell insurance on the new PlayStation 3 and other games consoles.
Erinaceous buys Letsure in £12m deal
Erinaceous Insurance Services, the property insurance services division of Erinaceous Group Plc has completed the acquisition of The Lumley Holdings group of companies including Lumley Letsure Limited for £12 million.
Validus gears up with $700m in credit deals
Class of 2005 Bermudian start-up (re)insurer, Validus has unveiled credit agreements aggregating $700m with a syndicate of lenders.
FSA urges intermediaries to protect client money
The Financial Services Authority (FSA) said today that general insurance intermediaries holding client money have no excuse for failing to protect it adequately after recent work found that those who used its new Client Money Guide showed a marked…
FSA tells general insurance intermediaries no excuse for failing to protect client money
The Financial Services Authority (FSA) has warned that general insurance intermediaries holding client money have no excuse for failing to protect it adequately after recent work found that those who used its new Client Money Guide showed a marked…
No change at the top, says Willis
Willis boss, Joseph J Plumeri, has had his employment contract extended by one year.
Swiss Re to restructure legal entities
Swiss Re has announced it is forming three legal entities in Luxembourg in an efficiency drive ahead of European Union reforms of the reinsurance industry.
Skills Council launches Endorsement of Training and Competence Schemes consultation
The Financial Services Skills Council (FSSC) is launching a consultation to gauge the level of industry interest for an Endorsement of Training and Competence (T&C) Scheme.
St Paul Leeds branch opens
St. Paul Travelers has opened a new office in Leeds.
Kiln to open £160m reinsurer and redomicile group in Bermuda
Lloyd's insurer Kiln has announced proposals for a new Bermudian domiciled holding company for the Kiln Group and to establish a new Bermudian insurer. In a separate announcement today, Kiln released its preliminary results for the year ended 31 December…
Only Group appoints two business development managers
The Only Group has appointed two new business development managers ahead of the company’s proposed April/May consumer launch.
Irwin Mitchell and Golds merge to create claimant giant
Irwin Mitchell and Golds have announced plans to merge with effect from 1 April 2007. The new firm, to be known as Irwin Mitchell, will be one of the largest supplier of commoditised legal services in the UK.
New national sales manager at Bupa IP
Bupa Individual Protection business has appointed Mark Anders as national sales manager.
Tokio Marine sets up life reinsurance operation on Isle of Man
Millea, Japanese parent company of Tokio Marine, has teamed up with JP Morgan to form an Isle of Man-domiciled sidecar writing annuity reinsurance business for the benefit of its Tokio Marine & Nichido Financial Life company.
NU backs up road safety campaign over fleet risks
Norwich Union has welcomed a new Government campaign aimed at keeping the attention of the so-called 'White Van Man' on the road.
Highway launches motor products on Acturis
Broker only motor insurer Highway has launched its Choice Private Car and Choice Commercial Vehicle products on the Acturis full cycle EDI trading platform.