News
Broker heads to Nashville
Music and entertainment specialist Robertson Taylor, a subsidiary of insurance broker Oxygen, has opened a new office in Nashville, Tennessee.
Groupama: online uptake up 50%
Groupama Insurances claims brokers using Optima Small Fleet, its product for fleets of between 5 and 15 vehicles, have increased 50% since Since February 2008.
Heath Lambert teams up with MedicAlert
Heath Lambert has launched a new insurance programme with MedicAlert to provide a life-saving identification system for individuals with pre-existing medical conditions and allergies.
Allianz launches legal protection facility
Allianz Commercial has launched an online legal protection service for its SME policyholders.
RBSi still up for sale
BESTWIRE) The Royal Bank of Scotland Group plc has repeated its intention to sell its insurance arm, contradicting recent media speculation that it has cooled on a deal as a result of weak buyer interest.
WR Berkley makes Irish acquisition
WR Berkley Insurance (Europe), Limited (WRB Europe), the today announced that it has completed the acquisition of Irish insurer Irish Professional Risks, to form WR Berkley Insurance Ireland.
MSL seals two New Year broker deals
Cheadle-based legal expenses provider, MSL, has started the year with news of two new deals.
Brit Insurance joins Our Network as new D&O product launched
Our Network has launched an enhanced directors and officers' product and has added Brit Insurance to its panel.
Aon offers credit insurance package for SMEs
Aon's UK credit insurance busines Aon Trade Credit has launched Aon Tradeability, to take advantage of the number of small-to-medium enterprises (SMEs) looking to protect their balance sheet over the last year due to the financial crisis.
Aon launches UK SME credit insurance service
With insolvencies set to increase in 2009, some 20% more of have turned to credit insurance this year to protect their balance sheet than in 2007. Aon's UK credit insurance busines Aon Trade Credit has launched Aon Tradeability, to take advantage of the…
Cobra warns of 'problematic' outlook for market
Broking consolidator Cobra has reported that its revenues increased by 55% to £11.8m for the six month period to 30 September 2008. It added underwriting GWP increased by 263% and underlying EBITDA increased by 19% to £1.4m.
Reinsurance market hardened at 1/1- Guy Carpenter, Willis
Reinsurance pricing at the all-important January 1st renewals date shows a hardening market, research from Guy Carpenter and Willis has revealed.
Lorry crime doubles in 12 months
The amount of reported lorry crime has almost doubled over the last 12 months, according to new figures published by the freight intelligence unit Truckpol. The BBC reports that Truckpol found that in 2007 there were 2284 incidents, but by mid-December…
Allianz warns of impact of credit crunch
With the credit crunch biting, individuals and businesses risk invalidating their insurance in their attempts to save money, says Allianz Insurance.
Global Aerospace, Amlin lead Denver plane crash insurance - sources
Aerospace underwriter Global Aerospace is the overall leader and Amlin leads the London market coverage of the Continental Airlines Boeing 737 plane crash in the USA, Reinsurance has learned.
Reinsurance market shows first signs of hardening
The (re)insurance market has shown its first signs of hardening, Reinsurance has learned.
CV Starr's Bermudian reinsurance group given ratings
Starr Insurance & Reinsurance Limited (SIRL) (Bermuda), an indirect wholly owned subsidiary of Starr International Company, Inc. (SICO) (Panama), a private investment holding company has been assigned a financial strength rating of A (Excellent) and an…
Temple Insurance Company upgraded by AM Best
A.M. Best Co. has upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit rating to "aa-" from "a+" of Canadian insurer Temple Insurance Company. The outlook for both ratings has been revised to stable from…
Aon appoints new global controller
Aon has appointed Laurel Meissner, a former financial executive from Motorola, as senior vice president and global head.
GDP woe for third quarter
Between July and September the UK economy's GDP shrunk by 0.6% which was worse than previously expected.
Nissan captive given ratings
Nissan Global Reinsurance, the reinsurance captive of Japanse motor giant Nissan, has been assigned a financial strength rating of A- (Excellent) and an issuer credit rating of "a-". The outlook assigned to both ratings is stable.
CTC finalises deal
Charles Taylor Consulting has now received regulatory approval from the Financial Services Authority to its proposed acquisition of Westminster Motor Insurance Association.
Everest Re gets Brazilian reinsurance license
Everest Re Group said that its subsidiary, Everest Reinsurance Company, has been admitted as a property and casualty reinsurer in Brazil.
Qatar ratings affirmed
Ratings agency AM Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of "bbb+" of Qatar General Insurance and Reinsurance Company. The outlook for both ratings remains stable.