News
RSA boosts top line revenue by 29% in UK personal
Royal and Sun Alliance has announced a 29% rise in net written premiums for personal lines business in the UK. The insurer's nine month results released today reveal that RSA has taken £819m in NWP for personal lines business, against £637m for the first…
Kiln to return surplus capital
Kiln has announced a proposed return of a surplus capital of approximately £60m.
Aon to boost its claims team
Aon Risk Services is investing in claims advocacy, with plans to increase the number of claims management executives.
Swiss Re 3Q delivers ultra-low combined ratio
Swiss Re has posted third quarter results sporting a property and casualty combined ratio of just 83.4% for the third quarter
Europ Assistance launches ID theft assistance product
Building on the expertise gained from its identity theft assistance service in the USA, Europ Assistance has launched an ID Theft assistance service to its own UK and Ireland based clients.
Risk and insurance services launched for the care home industry
Erinaceous Insurance Services and Norwich Union, together with eight other companies, are set to unveil CareAssured, an integrated insurance and risk management programme for the care home sector.
NU launches coporate health plan
Norwich Union Healthcare (NUHC) has launched Health Vision - built around a health audit and an integral part of its new Wellness Solutions product for corporate clients.
Priovident Insurance launches web-based product for smaller brokers
Provident Insurance has launched a new initiative that will aim to help smaller brokers retain market share.
FSA calls for renewed energy to deliver TCF
The pace of progress must increase if firms are to meet next year's deadlines, according to the latest report from the Financial Services Authority (FSA).
Guy Carp names GCFac bosses
Guy Carpenter has announced that Mark Newman, Hugh Powell and John Trace have been named Co-Leaders of its GCFac, Guy Carpenter’s dedicated global facultative reinsurance unit.
Jelf unveils network plan
Jelf has launched a collaboration between the group and experienced network professional, Bob Parkins called The Purple Partnership.
Munich Re invests $7.3m in quake model
Munich Re is injecting €5m ($7.3m) into developing an earthquake model with some of the world’s leading experts.
Lloyd's broker confirms run off deal
The Senator Group has entered into a run off agreement with London market broker CRS. It has stopped taking new business and is now in solvent run off as first revealed by Post.
FSA calls for renewed energy at TCF conference
The pace of progress must increase if firms are to meet next year's deadlines, according to the latest report from the Financial Services Authority.
PPI insurers off the hook
The Competition Commission has called off its investigation into payment protection insurers and those who both underwrite and distribute the products, saying their practices do not distort competition. The body published a consultation document inviting…
Validus reports net income of $136.5m for 3Q07
Validus Holdings Limited has reported net income of $136.5m for the third quarter of this year, compared with $69.7m in the same period in 2006.
Tawa buys PXRE US run-off for $114m
Tawa the UK-quoted non life run-off consolidator, has announced that it has entered into a stock purchase agreement with Argo Group to buy its US PXRE Reinsurance company for an estimated $114m in cash.
Clubley returns to Crawford
Margaret Clubley has been appointed in a strategic development role at Crawford's third party administration business reporting to Ian Muress, CEO Europe, Middle East and Africa.
Run off firm enters US market with PXRe acquisition
Non life run off consolidator Tawa has entered into a stock purchase agreement with Argo Group International to acquire its subsidiary, PXRe Reinsurance for an estimated cash consideration of US$114m.
Allied World appoints US reinsurance COO
Bermduian (re)insurer Allied World has appointed John Bender as Chief Operating Officer of US Reinsurance. Mr. Bender joins from Platinum Underwriters where he served as Chief Underwriting Officer of its reinsurance casualty division from 2006, and…
Beazley hails upgrade for US subsidiary
Lloyd's (re)insurer Beazley has announced that the financial strength rating of Beazley Insurance Company, its admitted insurance company in the United States, has been upgraded by AM Best from A- to A.
Bermuda premier opens election campaign with savage attack
Bermuda’s premier Ewart Brown has launched an astonishing attack on the opposition United Bermuda Party (UBP) party who he claims “unceasingly attempted to smear” him over alleged government corruption listed in a leaked police file.
ABI pushes adaptation message at Environment Agency conference
The Government's Climate Change Bill must face up to the consequences of more erratic and dangerous weather, as well as the causes, according to Stephen Haddrill, Director General of the Association of British Insurers.
BGL aggregator appoints agency for £20m advertising push
Price comparison site comparethemarket.com has completed a media agency review, selecting ZenithOptimedia as its preferred agency.