News
Beazley Group selects new claims handling system
Beazley Group has selected Guidewire Claim Center as its new claims handling system.
Europ Assistance and Marsh claim 'first' for travel insurance
Club Méditerranée, the Europ Assistance Group and Marsh have signed what they claim is a "ground-breaking agreement in the tourism market allowing the first international travel insurance programme to be launched".
Deacon and Arag launch new legal expenses cover
Blocks of flats insurance specialist Deacon has launched a new legal expenses policy in conjunction with niche legal insurance provider Arag.
Deacon teams up with Arag to launch legal expenses cover
Deacon, the blocks of flats insurance specialist, has launched a new legal expenses policy in conjunction with niche legal insurance provider ARAG.
Lloyd's syndicate merger announced
Following a strategic review of its operations, Hardy has decided that syndicate 3820 will merge into syndicate 382 with effect from 1 January 2009.
IAG rejects QBE's latest takeover bid
Insurance Australia Group has rejected QBE’s latest takeover bid, describing it as being “inadequate and incomplete”.
AM Best: Foreclosed US property poses heavy fraud hazard this wind season
The next big hurricane to hit the US mainland may cross a landscape with an unusually high number of vacant houses – foreclosed, abandoned or unsold as the residential real estate and mortgage markets endure relentless turmoil, according to ratings…
Darling to meet ABI tomorrow
Chancellor Alistair Darling is set to meet the Association of British Insurers at its board meeting tomorrow to discuss a host of tax changes including the company tax on foreign earnings.
Flagstone Re to issue $120m Valais Cat bond – sources
Bermudian-headquartered reinsurer Flagstone Re is to place a $120m worldwide retro Cat bond protection through a special purpose vehicle to be known as Valais Re, sources have told Reinsurance .
JLT and Brit team up to offer online service to micro SMEs
Jardine Lloyd Thomson and Brit have teamed up to launch a online offering launched at the micro small to medium sized enterprise sector.
Innovation Group acquires National Service Network
Innovation Group, which provides outsourcing services and solutions to insurance providers, has announced that it will acquire a 100% shareholding of National Service Network for an initial consideration of £1.1m.
UK READERS: Calling all footballers - Insurance Cup London 2008
This year's Insurance Cup – The Prince’s Trust Insurance Leadership Group's six-a-side football tournament - is being held on 18 September in London's Regent's Park.
Total Flood Solutions enables Biba members to prevent properties flooding
Total Flood Solutions has extended its guarantee that properties defended by their products won’t flood to British Insurance Brokers' Association (Biba) members.
Calling all footballers - Insurance Cup 2008
This year's Insurance Cup – The Prince’s Trust Insurance Leadership Group's six-a-side football tournament - is being held on 18 September at Regent's Park. Last year's winning team, Transatlantic Re, will be looking to defend their title against almost…
UK leads the way in investing in anti-fraud technology
UK and US insurers are investing much more heavily in anti-fraud technology than their European counterparts, according to a new report by Datamonitor and Enterprise Ireland.
Cassidy Davies signs Admiral deal
Cassidy Davis, the specialist personal lines Lloyd’s insurer, has been appointed by Admiral Group, to provide premium protection insurance cover for its motor policies sold under the Admiral and Bell brands.
Police crack down on plant theft
More the £60 000 worth of plant equipment has been recovered as part of nationwide police initiative Operation Crassus.
SBJ reveals rebrand
SBJ has rebranded itself as SBJ Global Risks.
Jelf acquires Reading broker
Jelf has acquired Reading-based broker Godfrey Moore.
Ukraine bans Russian reinsurance – reports
Russsian language website Kommersant has reported that the Ukrainian regulator, Gosfinuslug banned the reinsurance of risks in companies from non-WTO countries as Ukraine acceded to the WTO last Friday 16th May.
Van Loon to lead Liberty European market division
Gerard van Loon has been appointed managing director, continental European operations, at Liberty International Underwriters.
Randall & Quilter wins major US court case on Cavell run-off
A New York Federal court has dismissed outright claims by two US insurers in run-off, Seaton Insurance Company and Stonewall Insurance Company, against Cavell USA (a subsidiary of Randall & Quilter), and its chairman, Ken Randall.
XL opens Newcastle office
XL has opened its first office outside London in the UK.
Gaserow to hand over Aon Re Germany to Thofern on 1/7
Holger Gaserow chairman and chief executive of Aon Re Germany (formerly Jauch & Hübener) is to hand over his position to Jan-Oliver Thofern On 1 July 2008.