News
Dual launches web-based platform
Dual International has selected e-business solutions specialist Salmon to develop and implement a new pan-European web-based underwriting platform.
Former Mitsui CEO Guest returns with mutual exec role
The Higher Education mutual UMAL has appointed the former CEO of Mitsui Sumitomo London, Allan Guest, as a non-executive director.
ABI and MIB to create Employers' Liability Tracing Office
ELTO to be headed up be RSA UK CEO Adrian Brown.
MS Frontier Re acquires Irish sister company
Bermuda-based reinsurer MS Frontier Re (MSFRe) has acquired its Dublin-based sister company Mitsui Sumitomo Reinsurance (MSRe).
Dai-Ichi Life leaps on first day of trading
Dai-ichi Life Insurance leapt 14.3% on its first day of trading as investors rushed to buy into its IPO.
Samsung Life seeks to raise $4.5bn in IPO
Samsung Life Insurance is seeking to raise up to $4.5bn in May in what would be South Korea’s largest initial public offering.
Hartford repurchases $3.4bn of shares from US government
Hartford Financial Services repurchases preferred shares from the US government ending a taxpayer-funded bailout after reporting Q4 profit.
Willis adds six to its network
Willis today announced that six new members have joined Willis Networks, its partnerships with local, independent insurance brokers in the UK, bringing the networks’ combined membership to 106 firms.
Ace promotes Kenneth Riegler
Mr Riegler to lead multinational client group in North America and Ace USA's foreign casualty division
MS Frontier Re acquires Irish sister company
Bermuda-based reinsurer MS Frontier Re (MSFRe) has acquired its Dublin-based sister company Mitsui Sumitomo Reinsurance (MSRe).
FSA "smashes" fine record by 21% claims law firm
The FSA "smashed" last year’s record fines by 21% this year (to March 31) as it handed down £33.1m in fines, City law firm Reynolds Porter Chamberlain LLP said today.
Reinsurance rates continue to decline: Guy Carpenter
Reinsurance rates across most lines of property catastrophe business around the world continued the decline experienced at January renewals, according to Guy Carpenter in its report the April 1 renewals period.
European insurance buyers' product satisfaction revealed
Insurers will soon learn what their major commercial insurance customers in the UK and across Europe think about the products and services they offer.
Ace adds accident and health cover to online offering
Ace has launched five new accident and health products on its UK broker e-commerce platform.
Omega puts Chilean quake loss at $23m
Omega Insurance Holdings today announced that it has completed its initial estimate of losses arising from recent major catastrophe events - the Chilean earthquake and European windstorm Xynthia.
CII in Korean tie up
The Chartered Insurance Institute has entered into a partnership with the Korean Insurance Institute to extend professionalism within the Korean insurance industry.
European insurance buyers' product satisfaction revealed
Insurers will soon learn what their major commercial insurance customers in the UK and across Europe think about the products and services they offer.
Go Compare ad star to sing on England World Cup song
The moustachioed star of the Go Compare adverts has been asked to sing on the official England world cup song.
Zurich outlook revised upwards by S&P
Standard & Poor's Ratings Services has revised the outlooks on the various operating entities of Switzerland-based insurance group Zurich Financial Services to stable from negative.
Start-up seals second broking deal
Invicta Insurance Services, the new broking service provider set up by Steve Gamage, has made its second acquisition: Sevenoaks-based Lowe Insurance. This partnership was started over 22 years ago by Patricia and John Lowe, both of whom will remain with…
Omega puts Chilean quake loss at $23m
Omega Insurance Holdings today announced that it has completed its initial estimate of losses arising from recent major catastrophe events - the Chilean earthquake and European windstorm Xynthia.
HSBC to be operate as MBL as Marsh completes broker deal
Marsh today completed its previously agreed acquisition of HSBC Insurance Brokers, a wholly owned subsidiary of HSBC Bank, in the UK and other key markets in Asia and the Middle East.
Zurich outlook revised upwards by S&P
Standard & Poor's Ratings Services has revised the outlooks on the various operating entities of Switzerland-based insurance group Zurich Financial Services to stable from negative.
HSBC to be operate as MBL as Marsh completes broker deal
Marsh today completed its previously agreed acquisition of HSBC Insurance Brokers, a wholly owned subsidiary of HSBC Bank, in the UK and other key markets in Asia and the Middle East.