News
Quinn UK ban to remain after Regulator given dossier on operation
The ban on Quinn Insurance from trading in the United Kingdom is not expected to be lifted today, according to reports in the Irish media.
Ceiops chair outlines latest thoughts on GI proposals
In a letter to Jörgen Holmquist, director general, European Commission internal market and services directorate general, the Ceiop chair Gabriel Bernardino has submitted the last set of advice on the Solvency II level 2 implementing measures which have…
Report says Quinn may have failed to reserve properly for claims
The Financial Regulator may refer breaches of insurance regulations uncovered in its investigation into Quinn Insurance to the office of the Director of Corporate Enforcement and the Garda Síochána. according to reports.
Aviva seeks Asian GI re-entry
Aviva is to re-enter the Asian general insurance market five years after selling its non-life operations there, the company has confirmed to Reuters.
Sean Quinn admits insurer is losing "an absolute fortune" due to uncertainty
The founder of the Quinn Group has admitted his insurance company is "losing an absolute fortune" in administration, with revenue dropping by as much as 80%.
Quinn UK ban to remain after Regulator given dossier on operation
The ban on Quinn Insurance from trading in the United Kingdom is not expected to be lifted today, according to reports in the Irish media.
Report says Quinn may have failed to reserve properly for claims
The Financial Regulator may refer breaches of insurance regulations uncovered in its investigation into Quinn Insurance to the office of the Director of Corporate Enforcement and the Garda Síochána. according to reports.
Novae predicts $10-15m earthquake loss
Lloyd's insurer Novae Group today announced initial estimates of losses from the Chilean earthquake and from Windstorm Xynthia.
DAS unveils new post-MoJ ATE insurance scheme
DAS’ after the event legal insurance arm 80e has unveiled a new version of its ATE scheme incorporating provisions for the new Ministry of Justice road traffic accident personal injury claims protocol.
RMS appoints ex-Aon Benfield exec as VP of client development
Modeling firm RMS has appointed Aon Benfield executive director Christer Pehrson as vice president of client development
Swiftcover to create 350 new jobs
Online motor insurer Swiftcover is building a new multi-million pound operations centre in Stockton, Teesside, bringing an expected 350 extra jobs to the area over the next three years.
Aon Benfield: Reinsurers see capital recovery
Global reinsurance capital recovered to $396bn at year end and nearing the record levels set in 2007, according to Aon Benfield’s latest research report.
Groupama and Riskstop in one stop risk management service for SMEs
Groupama Insurances has appointed risk management survey provider, Riskstop to provide their commercial policyholders with an end to end risk management solution - from initial risk management surveys through to ensuring the requirements identified are…
Oxygen appoints head of affinity
Oxygen Insurance Brokers has announced the appointment of Steve Johnson as head of affinity. Based in the Leeds office, Mr Johnson will be part of Oxygen Partners, the broker’s wholesale and schemes division.
APC continues growth drive with ex-NIG hire
Ex-NIG senior underwriter, Chris Page, has been hired in the same role at APC.
Scor granted licence to expand China operations
Scor obtains a composite reinsurance license in China, enabling it to add life and health reinsurance services to existing non-life activities
HCC readies for upturn in M&A activity with new launch
HCC Global Financial Products has launched a new line of business focusing on mergers and acquisitions’ transaction risk insurance; covering warranty & indemnity, tax indemnity, and contingent risk transfer insurance.
Gallagher and Zenith in merger
Caribbean insurance broker CGM Gallagher Group has merged its commercial insurance broking portfolio with that of Zenith Insurance Brokers.
Arc adds cloning cover to motor product
Arc Legal Assistance has added a new vehicle identity theft cover to its motor legal protection product.
Video: Post launches the British Insurance Summit 2010
Anthony Gould, group editor in chief, Incisive Media's insurance division talks about the launch of Post's new flagship conference - the British Insurance Summit.
Gresham completes £12.5m PE-backed MBO
Gresham, the mid market private equity specialist, today announces that it has completed an investment of £12.3m in Lanes Assistance Services.
HCC readies for upturn in M&A activity with new launch
HCC Global Financial Products has launched a new line of business focusing on mergers and acquisitions’ transaction risk insurance; covering warranty & indemnity, tax indemnity, and contingent risk transfer insurance.
US mine owners had no BI cover
Massey-Energy, the company in charge of a West Virginia mine where 25 people were killed after an explosion earlier this week is understood to not have had business interruption insurance.
US facing active hurricane season
This year's US hurricane season will be above-average, forecasters at Colorado State University have said. According to the forecasts, there will be 11-16 named storms, 6-8 hurricanes and 3-5 major hurricanes with sustained winds of 111 mph or greater.