News
L&G provides maximum cover for Group Life
Legal & General is offering a free cover limit equal to the lifetime allowance for Group Life schemes with over 5,000 members or a premium in excess of £500,000.
Kynixa obtains international accreditation
Kynixa has claimed it is the first European rehabilitation company to gain accreditation from the Canada-based Commission for the Accreditation of Rehabilitation Facilities.
Levene meets Crist in London
Lloyd's chairman Lord Levene and governor of Florida Charlie Crist met in London on Tuesday as part of the Florida's trade and business development mission to the UK.
Schmalzriedt appointed chairman of Willis Re
Willis Re has appointed Gary Schmalzriedt as chairman with immediate effect.
Groupama unveils new claims boss
Groupama Insurances has confirmed that Phil Bird, currently non-motor and SME underwriting director at the insurer, has been appointed to the position of claims director to replace Graham Gibson. He will take up his new position on 1 October.
AA: claims motor insurance costs are spiraling
Over the three months ending June 2008 more than £20 has been added to the average quoted premium for comprehensive car insurance, which now stands at over £700, according to the AA’s quarterly British Insurance Premium Index.
Munich Re, Berkshire Hathaway to buy GAUM after EU clearance
Munich Re and Berkshire Hathaway are to buy Scor’s share of aerospace underwriter Global Aerospace Underwriting Managers (GAUM) after getting European Union clearance to do the deal.
IAG to sell Lloyd's syndicate Alba
Troubled Australian insurer IAG is to sell its Lloyd’s specialist Asian syndicate Alba.
Open GI takes training to web
Open GI has launched a new online training facility for brokers entitled eTraining, the company announced.
Blackwell Green launches art product
Blackwall Green, Heath Lambert’s specialist fine art broker, has announced the launch of a product especially for artists.
Research show insurance fraud on the up as credit crunch bites
Fraudulent insurance claims will rise as the effects of worsening economic conditions are felt and the predicted increase in unemployment approaches, according to Innovation Group.
Aon in public sector revamp
Aon is to revamp its public sector risks team under new national head, Phil Tompsett.
Heath Lambert designs product for artists
Blackwall Green, Heath Lambert’s specialist fine art broker, has launched an insurance product especially for artists.
Forensic valuation service launched for insurance professionals
Surveyors and valuers Stevens Scanlan have launched a specialist Forensic Valuation Consultancy division to provide the forensic expertise increasingly being sought after insurers, especially those involved in professional indemnity.
AIG buys out Lloyd's managing agent
AIG has acquired all of the outstanding shareholdings of Lloyd's managing agent Ascot Underwriting (Ascot) not currently owned by AIG.
Willis regains 100% control of Hungarian operation
Willis Group Holdings has acquired 100% of Willis Kft, its joint venture in Hungary, by purchasing the 20% stake of its local broker partner, Erix.
Euclidian founder to run broking start up
AIM listed THB Group today announced that James Truscott will join the board of THB’s recently created underwriting agency, Unicorn Underwriting as managing director.
Ace takes AIG director Sharpe to lead UK & Ireland casualty and major risks
Ace has appointed of Phil Sharpe as director of casualty and major risks for the UK and Ireland.
THB motor fleet team moves closer to Lloyd’s
The motor fleet team of THB London Market has moved its administrative operation to THB’s London office.
BGL strikes deal with Kwik Fit Insurance
BGL subsidiary comparethemarket has added Kwik Fit Insurance to its panel.
Carvill claims $60m derivatives traded on its CME contracts
Reinsurance broker Carvill has said that trading its Carvill Hurricane Index (CHI) contracts continues to grow on the Chicago Mercantile Exchange (CME) and the nominal value of derivatives traded has nearly hit $60m.
Arista opens new St Albans office
Commercial lines underwriting operation Arista Insurance has opened a new office in St Albans to support brokers based in the City, northern Home Counties and East Anglia.
Groupama appoints HR director
Groupama Insurances has appointed Paul Cann as HR director. He joins the company from ING Bank on 16 July and will lead the development and implementation of the company’s various people strategies as it continues its drive to be a great place to work.
Evolution launches electrical inspection service
Commercial underwriting specialist Evolution Underwriting has expanded its portfolio of products to brokers with the launch of an electrical inspection service.