News
Aon Risk Services appoints EMEA head
Aon Risk Services has appointed Marguerite Soeteman-Reijnen as managing director, head of broking excellence for Aon Europe, Middle East and Africa with immediate effect.
CFC warns of data loss costs
The cost of remediating a data loss episode could be as much as £27 per record, according to CFC Underwriting. Were it to apply to government's loss of two discs holding the details of 25 million child benefit claimants last year could have cost HMRC a…
Willumstad says AIG's insurance businesses unlikely to be sold
(BestWire) — Robert Willumstad, American International Group’s new chief executive officer, is promising a thorough examination of all the corporation’s businesses and may decide to sell some franchises, but expressed doubt that any of its insurance…
SSP signs deal with Synergy
SSP has signed a five-year agreement with new insurance business, Synergy Insurance Services to provide its core insurance IT solution to support growth for its insurance product, Synergy MicroCaptive.
CII manager appointed MBE
Peter Hutchinson, special projects manager at the Chartered Insurance Institute, has been appointed an MBE in the 2008 Queen’s Birthday Honours List for services to the insurance industry and to charity.
Groupama opts for Kewill for electronic trading
Kewill has confirmed that Groupama has chosen it to assist it in simplify electronic trading processes with its business partners.
Open GI appoints new director
Open GI has appointed Steve Dowle as software development director.
Helphire doubles its client relations team
Helphire has appointed Felicity Todd and Kate Owen as client relations managers.
Insured value of US coastal properties jumps 7% yoy - AIR
The insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just over 7%, a report from AIR says.
Insurers failing rehab code claims Premex
Premex has released figures this week revealing that 30% of cases reaching medico-legal report stage would benefit from but have never received rehabilitation treatment, and that further instructions to provide treatment takes place in less than one in…
Europ Assistance updates medical repatriation service
Europ Assistance has changed its medical repatriation services and has acquired an oxygen concentrator for use when repatriating customers.
D&O specialist joins Liberty
Liberty International Underwriters has appointed Oliver Wheeler as vice-president for directors' and officers’ liability.
Sullivan to be paid $35m severance after departing from AIG
Martin Sullivan is to be given a $35m severance package after he stood down as chief executive officer of AIG, according to proxy reports.
Aligned long-term insurance plans way forward says Aon
An increasingly competitive large account insurance market, coupled with more sophisticated client demands, will be the catalyst for regulated and global businesses to embrace aligned long-term insurance programmes Aon has claimed.
IGI re-launches residential property product
Specialist UK general insurer, IGI Group, has re-launched its flagship residential property owners product to incorporate a number of new enhancements including malicious damage caused by tenants.
Marsh appoints risk management head
Marsh has appointed George Davies to be head of its risk management practice in the UK.
GAB takes on Cunningham subsidence director
GAB Robins has appointed Bill Jeffery as subsidence operations director in the UK.
Culver to be sold to CCV arm for £6m
Culver Holdings has entered into a conditional agreement for the sale of its retail insurance broking subsidiary, Culver Insurance Brokers, to Protectagroup Acquisitions, a subsidiary of Cullum Capital Ventures.
JLT Re announces HWS purchase, excluding Harman Kemp US arm
As revealed by Reinsurance magazine on 21st May , broker JLT has acquired HWS Holdings, with two of it two Lloyd’s Broker subsidiaries Harman Wicks & Swayne, the London based reinsurance broker, and Harman Wicks & Swayne International.
Equity launches male cancer product
Equity Insurance Group has launched new personal lines products specifically aimed at men diagnosed with prostate and testicular cancers.
RSA builds new team and targets larger brokers
Insurer RSA is introducing new broker focused teams and following a pilot it is rolling out the programme to about 40 larger brokers.
WPA in NHS top-up policy launch
Following on from its introduction of Mycancerdrugs last year WPA has launched a policy to top up services available through the NHS called Health Top-Up.
JLT in £8.75m Lloyd's broker swoop
Jardine Lloyd Thompson has acquired HWS Holdings, with its two Lloyd’s Broker subsidiaries Harman Wicks and Swayne, the London based reinsurance broker and Harman Wicks and Swayne International, a wholesale provider of small to medium sized enterprise…
Sullivan out as CEO, Willumstad in as AIG changes leadership
Martin Sullivan has resigned his post as CEO of AIG, the insurance giant said in a statement. Current chairman Robert Willumstad has taken over the reigns of the company.