News
The insurance industry’s response to FSA announcement on contract certainty
The Contract Certainty Steering Committee (CCSC) - the insurance industry body responsible for leading the contract certainty initiative - has welcomed the Financial Services Authority's (FSA’s) announcement confirming that the industry has delivered on…
Towergate launches student travel scheme
Towergate Chase Parkinson and STA Travel today announce the launch of a new insurance scheme designed to make life easier for students and young people travelling abroad.
FSA – "Savings Claims" in Insurance advertising can mislead consumers
The Financial Services Authority (FSA) last week warned insurance firms to stop using savings claims which could mislead consumers in their advertising or face regulatory action.
SLE parent hires new UK boss
AUM Group has appointed Andrew Colbran as managing director in the UK.
Florida $4bn premium ‘nationalisation’ piles pressure on Bermudians
Shares in Bermudian reinsurers took a sharp hit on Monday 22nd January in the US as the markets digested the impact of a new Florida Hurricane Catastrophe Fund deal hammered out over the preceding weekend.
FSA recognises industry solution to contract certainty
The Financial Services Authority (FSA) has announced that the insurance industry has met the challenge laid down to achieve a solution to contract certainty in the UK.
Mahoney off to Bermuda
Broking giant Aon has announced the creation of a new business unit to be called Aon Global. Dennis Mahoney will assume the role of chairman for Aon Global, while Steve McGill will be the new unit’s chief executive.
RMS estimates £1.9bn-£3.2bn windstorm loss
Risk Management Solutions has released an initial estimate of EUR3-5bn (£1.96bn - £3.27bn) for insured losses from Windstorm Kyrill.
HCA international launches platinum choice for corporates
London’s leading private hospital company, HCA International, is launching a revolutionary new healthcare product this month to meet the demands of the corporate marketplace in the capital.
THB launches construction product to select brokers
Insurance schemes specialist, THB Risk Solutions Ltd (THB), has added Construction UK to its portfolio.
Highway launches new fleet product
Motor insurer Highway has begun a push for fleet motor business by combining its Fleetway and Fleet products to form a new improved single fleet product.
Converium capitalises on new Brazilian regime
Converium has become one of the first foreign reinsurers to take advantage of the increasingly liberal reinsurance regime in Brazil.
Marsh given China broking licence
Marsh has been awarded China’s first ever wholly-owned foreign enterprise insurance broking license. The new license provisions, subject to tax and regulatory approvals, are in-line with China’s World Trade Organisation commitments to open its insurance…
Partner Re sees 10 per cent decline in renewable premium
Partner Re shifted its focus to catastrophe lines in the January 1 renewals, while simultaneously witnessing a 10% decline in renewable premium, the company said in a statement today.
New Household Product from Equity Red Star
Equity Red Star is launching a new product, developed to provide brokers with a competitive edge in the household insurance market.
Swinton signs major three year deal
High street broker Swinton today announced it has renewed and extended its relationship with Software Solutions Partners, to provide IT solutions for its nationwide branch network, call-centre and web-based operations.
Former CEO returns to head White Mountains
White Mountains has embarked on a reshuffle of its senior management. The company has once more called upon the services of Ray Barrette as chairman and chief executive officer, succeeding Jack Byrne as chairman and Steve Fass as chief executive. In…
Equity acquires Holdsure
Equity has acquired Carrickfergus-based insurer, Holdsure; a move designed to further consolidate its market leading position in Northern Ireland and closely follows its purchase of Belfast Broker, Open and Direct Insurance Services.
Former Esure boss joins Towergate in online push
Towergate have announced the appointment of former Esure chief executive, Peter Graham, to lead and strengthen its existing e-commerce developments as CEO of the E-Towergate Division.
Swiss Re calls for claims index to boost European ILS market
Swiss Re is advocating the establishment of a market loss index for natural catastrophe risks to aid the expansion of the insurance-linked securities (ILS) market in Europe.
DAS buys rival
DAS UK has acquired Amicus Legal and its subsidiary companies.
AIR puts Kyrill damage at $5-$10bn
Catastrophe risk modelling company AIR Worldwide estimates insured losses from Winter Storm Kyrill will be between €4bn and €8bn ($5.2bn - $10.4bn).
Broker sets out £33.7m MBO
The independent directors and the executive directors of listed broker Windsor have agreed the terms of a recommended proposal to acquire all the issued and to be issued share capital of firm. The Proposal values each Windsor Share at 52.5p, valuing the…
Zurich appoints head of motor claims supply
Emma Morgan has been appointed head of motor claims supply at Zurich Insurance, reporting to Pete Tart, claims supply chain director (Europe). Ms Morgan will be responsible for the strategic direction and management of the motor claims supply team based…