News
Mapfre Re financial strength rating affirmed
AM Best Europe has affirmed the FSR of A+ (superior) and issuer credit rating of “aa-” of Mapfre Re, Compania de Reaseguros, SA. The outlook for both ratings remains negative.
Fitch affirms Lloyd's of London IFS rating at A+
Fitch Ratings has affirmed Lloyd's of London's insurer financial strength rating at 'A+'.
Irish Quinn founder plans insurance return via Malta
Sean Quinn, founder of troubled Irish insurer Quinn, is understood to have acquired a Malta-based insurance licence to help his return to the insurance market.
Aon makes senior European appointments
Aon Risk Solutions has made three senior-level appointments for Aon GRIP Solutions in Europe, the Middle East and Africa.
Bosna Re receives B+ rating
Bosna Reosiguranje dd Sarajevo has received a financial strength rating of B+ (Good) and issuer credit rating of “bbb-”, with a stable outlook for both.
Axa launches first products on Powerplace
Axa Commercial Lines has launched its tradesmen and professional liability products on Powerplace, the online commercial insurance marketplace.
Bollington expands Compuquote facility with exclusive Aviva tie-up
Bollington Underwriting has secured an agreement with Aviva to re-launch its exclusive self-drive hire facility.
Quinn founder plots insurance return with Malta-based Q2
Sean Quinn has acquired a Malta-based insurance licence which will allow him to return to the market in the coming months, it has been reported.
Crawford announces up to 50 redundancies
Crawford & Company said that it expects less than 50 roles to be made redundant as a result of its business review.
Argent Liability Adjusters prepares for major loss capability expansion
Argent Liability Adjusters has responded to increased client and market demand by forming a major, complex and specialty loss practice.
Garwyn reveals new management structure
Garwyn has revealed a new management structure and “significant” changes to its operating model following a detailed review of the business by executive chairman Paul Woodley.
QBE CEO resigns following management reshuffle
The chief executive of QBE Australia Asia Pacific operations Vince McLenaghan is to resign after a management restructure meant his role was “no longer necessary”.
2011 Fraud Awards Shortlist is announced
The shortlist for the 2011 Fraud Awards has now been revealed. This event, now in its 3rd year, recognises and rewards excellence across the market. The celebrations will take place on Wednesday 5 October.
Fitch affirms Lloyd's IFS rating at A+
Fitch Ratings has affirmed Lloyd's insurer financial strength rating at 'A+'.
Post Europe relaunches with dedicated site as Insurance Insight
Post’s European coverage has launched with its own dedicated website, Insurance Insight, which aims to be a one-stop-shop for European insurance news.
Former Nilefern boss jailed for 15 months
The disgraced former director of Sittingbourne-based coverholder Nilefern has been sentenced to 15 months behind bars after pleading guilty to a string of child sex offences.
London Mayor must tackle flood risks
The London Assembly’s environment committee has demanded Mayor Boris Johnson take action to reduce the serious risk of flood damage and potential loss of life London faces from severe rainfall.
Insurance Insight’s first weekly update live
Insurance Insight’s first weekly update is now live with an article on global insurance programmes and how local can some times be best; as well as a View from the Top on the need for insurers to be flexible when it comes to risk management.
Beachcroft and DAC confirm merger
The members of Beachcroft and Davies Arnold Cooper have voted in favour of merging the two firms.
Beazley combined ratio hit following heavy catastrophe losses
Beazley CEO Andrew Horton admits that the firm’s annual combined ratio target of “around the mid 90s” could be jeopardised by global catastrophes during the second half of the year.
Matthews quits Irish Setanta Insurance over differences
Setanta Insurance chief executive Mike Matthews is to leave the company after investors failed to back his vision to grow the business within Ireland and internationally.
Setanta CEO quits after shareholders oppose international growth plans
Setanta Insurance chief executive Mike Matthews has quit the company after investors failed to back his vision to grow the business in Ireland and internationally.
European extended warranty market for mobile gadgets to hit €7bn by 2014
Extended warranties and insurance for mobile gadgets and telephones are outgrowing those for non-mobile white, brown and grey goods.
BMS to become employee owned
Specialist insurance broker BMS Group is buy out its only external shareholder, AHJ Holdings, after reporting annual revenues up 7% to £50m.