News
XL makes dual reinsurance promotion
XL’s reinsurance operations has appointed Mark Berry and Paul Simons to senior vice president and managing director, international property & specialty and senior vice president, head of US property treaty, respectively.
Canopius seals Omega deal
Private-equity backed insurer Canopius’s acquisition of Omega has completed today, increasing its annualised premium income to more than £1bn.
Pinsent Masons partner joins Plexus Law
A partner at Pinsent Masons has left the firm after 20 years to join the professional indemnity team of insurance law specialist Plexus Law.
Millionth uninsured vehicle seized by police
The UK's millionth uninsured vehicle is set to be seized this morning by police in the West Midlands.
Groupama to underwrite 10 000 free home insurance policies
Groupama is underwriting 10 000 home insurance policies for residents of a south east England housing association.
BGL employee engagement smashes targets
BGL Group’s most recent staff survey is said to have exceeded the target set for employee engagement, with 88% stating they felt part of a team.
Saga bolsters home insurance product to cover students
Specialist insurer Saga has unveiled a new add-on product whereby policyholder parents can extend their home insurance to cover their children’s assets, saving almost £100.
China's PICC sees 23.6% rise in profit thanks to motor
China's state-owned PICC Property and Casualty Co has posted a 23.6% rise in net profit for the first six months of the year.
Cigna appoints Haga sales director for Scandinavia
Cigna Global Health Benefits Europe has appointed Henning Haga to the position of sales director for Scandinavia.
Online exclusive: Will no-fault compensation soon become a reality in Scotland?
The Scottish government has today (20 August 2012) launched a consultation on no-fault compensation north of the border for injuries resulting from clinical treatment.
Flagstone Re finalises £32m sale of Lloyd's business
Flagstone Reinsurance has completed the sale of its Lloyd’s segment to a wholly-owned subsidiary of ANV Holdings BV for approximately £31.7m ($49.7m) in cash.
Rias: Travel cover a must for families
Rias has reminded grandparents to take out adequate insurance when travelling abroad with their grandchildren.
Insurance insolvency rates fall by 86%
Just five insurance firms were insolvent in July this year compared to 452 in business services, according to new research.
Liberty sets sights on specialist risks
Liberty Syndicates is setting up a new underwriting team to focus on specialty products headed up by Peter Smith.
Chaucer appoints new cargo class underwriter
Specialist Lloyd’s insurer Chaucer has appointed Geoff Wilkinson, pictured, to cargo class underwriter in the marine division of Chaucer Syndicate 1084.
Swedish insurer on cusp of record private equity sale
Swedish insurance group Länsförsäkringar is close to selling a €1.5bn portfolio of private equity interests, which if completed would be one of the largest divestments by a European institution.
Questgates hires ex-Merlin staff for regional roles
Loss adjuster Questgates has recruited two members of Merlin’s Scottish based team in order to expand its presence in the country, including the establishment of a new regional office.
United India lauches healthcare product with Tamilnad Bank
United India Insurance Company has launched a co-branded family healthcare product, to offer customised health insurance to Tamilnad Mercantile Bank's customers.
Open GI boosts protection against credit card fraud
IT solutions provider Open GI has enhanced its card payment solution, CreditLine Plus, to incorporate additional fraud prevention measures to validate card details and verify the cardholder’s billing address.
Ambiental joins forces with Aon-Benfield on flood mapping
Aon-Benfield has collaboration with Ambiental to enhance its flood model development capabilities.
Schemes deal sealed between Arc Legal and new OIM Underwriting division
Arc Legal has reached an agreement on two legal expenses schemes with the new division of OIM Underwriting ‘e-Underwriting’ to provide cover as part of its household and property owners portfolios.
Travelers appoints Abramson European head of Legal from Flagstone
Travelers has appointed John Abramson as head of legal and compliance for its European businesses.
Aon Benfield and Ambiental join forces on flood mapping
Aon Benfield has teamed up with Ambiental to enhance the firm’s flood model development capabilities.
Indian medical costs predicted to rise 15% per annum
Future Generali India Insurance has predicted medical costs will rise by 15% annually.