News
GE revamps aviation treaty unit
Hubert Oeckl has been appointed to lead the GE Insurance Solutions Aviation Excess of Loss Treaty team.
New branch manager for Markel’s Spanish office
Markel International has appointed Esteban Manzano as branch manager of its new business in Spain - Markel International España.
Equitas settles Goodyear Tyres' claims for $22m
Equitas has announced that it will pay The Goodyear Tyre & Rubber Company $22 million in an insurance settlement for asbestos and pollution related claims previously filed by the tyre maker.
FSA publishes methods for emerging market risk assessment
The FSA today revealed how it assesses and prioritises emerging retail market and product risks and highlighted some of the issues it had recently considered.
Ace expands commercial motor product
Ace Europe has launched a commercial motor third party property damage excess product. The new product, which Ace claims to be unique in the UK insurance market, provides stand-alone top-upcover for damage to third party property, over and above the…
Former AIG executive accused of misleading regulators
A former American International Group (AIG) executive misled state insurance regulators early this year, according to the Wall Street Journal.
Pricing is key say Lloyd’s underwriters
Lloyd’s underwriters believe that buyers are more concerned about pricing than current insurance industry investigations, according to new research by Lloyd’s.
Levene commends decisive market action
Lloyd’s Chairman Lord Levene has outlined a four-point plan to restore confidence in the insurance industry.
Allianz Cornhill calls for re-think on property risk
Allianz Cornhill today claimed that the insurance industry is finding it increasingly difficult to assess the true risk to commercial and personal lines property owners due to the ever widening extremes of the weather in the UK.
MMA profits top £21m
Intermediary-only insurer MMA Insurance plc has registered another record year of performance, the best in its history, with profits exceeding £21.6m.
SSP enables single log-on access to imarket
Software Solutions Partners (SSP) has received imarket security infrastructure sign-off.
Regency Group rebranded Homeserve
Insurance and warranty scheme provider, The Regency Group is changing its name to fall in line with the overall brand image of its parent company, Homeserve.
Heath Lambert launches new look Property Portfolio team
Heath Lambert Group has relaunched its Property Portfolio division, following the resignation of the division's managing director and a team of people leaving to join a rival broker.
CBS to set up new Lloyd's fund
CBS Private Capital Limited, a member agency within Lloyd’s of London, will set up a private investor fund focused on the Lloyd’s market over the summer.
Former ABI head Francis to join Aviva
Aviva today announced that Mary Francis is to be appointed to the board of Aviva as an independent non-executive director.
Lloyd's broker makes first move
Lloyd’s broker The Chesterfield Group today announced it has acquired managing agent MGA Van Wagoner Companies - its first acquisition.
Aspen grows aviation insurance team
Aspen Insurance UK has hired David Whiter as senior underwriter for aviation insurance, a newly created position. Based in London, he will report to Nick Bonnar, head of specialty lines at Aspen, and head up the aviation team.
Aon releases new terror map
Increased terrorist activity is making the world a riskier place in which to do business, according to Aon’s new 2005 Terrorism Risk map. The map assesses the level and nature of terrorist threat around the world on an annual basis.
Towergate acquires PI specialist
The Towergate Partnership has acquired London based Bray Wintour Patis, who specialise in professional indemnity and also operate a number of scheme facilities, including a facility for Removal companies.
Australian court jails former HIH director
Rodney Adler, a former director of failed Australian insurer HIH Insurance, has been jailed for four and a half years for his part in the company's collapse.
Senate committee chairman sceptical on need for TRIA
The chairman of the US Senate’s Banking, Housing and Urban Affairs Committee has said he intends to approach the question of extending the Terrorism Risk Insurance Act (TRIA) with a "critical but, I hope, open mind."
London company market in good health according to IUA statistics
Premium levels for non-marine business in the London company market have increased for the third year in a row, according to statistics produced by the International Underwriting Association.
AM Best rates Montpelier Re
AM Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Montpelier Reinsurance.
APRA to investigate Australian branch of GenRe
The Australian Prudential Regulation Authority (APRA) has announced an investigation into certain reinsurance practices involving General Reinsurance Australia’s general insurance business.