News
Neste Oil to receive EUR 47.5m from reinsurers
Finnish oil refining company Neste Oil has announced that it will receive 47.5m euros from a syndicate of reinsurers following a fire at a refinery in April 2008
Neste Oil to receive EUR 47.5m from reinsurers
Finnish oil refining company Neste Oil has announced that it will receive 47.5m euros from a syndicate of reinsurers following a fire at a refinery in April 2008
Claims firm becomes Biba associate member
Nicholas Balcombe said his firm would bring Biba members highly skilled negotiation and claims management skills.
Paymentshield to match competitors
Paymentshield has launched a new price match facility on its Best Quote Buildings & Contents Insurance site.
Allianz household range goes live
Allianz Retail’s broker household product range, Allianz Clear, will be launched to over 500 Insurecom software users this month, forming the next stage of the range’s roll-out to Allianz Retail’s broker network.
Insurers given access to escape of water and accidental/malicious damage models
Experian has launched three new Perils models, providing insurance companies with greater insight into a household's level of exposure to escape of water, malicious damage and accidental damage.
QBE: shock findings show a third of SMEs would go direct
Terry Whittaker says work needs to be work to be done to explain value of brokers.
US projected to fall to $1.56trn deficit
The United States will project on Monday that it is budgeting for a $1.56trn deficit for 2011, reports have said.
General aviation recruits join Aon
Aon has made six new appointments to its general aviation team, specialising in industrial aid and commercial aircraft.
Drivers reluctant to turn to public transport shows study
Almost four in five UK drivers would refuse to give up their cars in favour of public transport even it was improved, research from Kwik Fit Insurance has revealed.
Torus appoints group CRO
Torus has appointed Carl Groth as group CRO.Based in New Jersey and reporting to chief executive Clive Tobin, Mr Groth will drive the development of a comprehensive and integrated enterprise risk management programme for the group worldwide.
NIG to launch new products with Powerplace
NIG has chosen Powerplace as the platform from which to launch its new range of tradesman insurance and professional insurance products.
Co-op agrees new deal with Parabis
The Co-operative Insurance has selected Parabis to handle all of its volume third party bodily injury claims and litigation following a review of suppliers.
Reinsurers had profitable 2009 claims broker Cooper Gay
Reinsurers benefit in 2009 from recovering investment returns and absence of major catastrophes although 2010 could be more challenging with above average hurricane season expected according to a Cooper Gay report.
Higos launches new PPI product for property tenants
Higos Insurance is offering a payment protection plan to tenants concerned about meeting their rental payments in the event of unemployment or sickness.
Gulf Insurance Group restructures reinsurance
The Gulf Insurance Group has restructured its reinsurance programme, broked through Guy Carpenter.
Axa launches direct motor policy
Axa has re-entered the direct car insurance market with the launch of a product aimed at experienced drivers who have fewer accidents, more years driving and fewer convictions.
LV extends software deal
IT services company Atos Origin has signed a four-year contract extension with LV, which will see it continue to support LV's policy administration and renewals as well as online applications.
Lancashire appoints energy chairman
Lancashire Holdings has appointed Len Messenger as chairman of energy for its UK operating subsidiary, Lancashire Insurance Company.
Two step down at Aviva subsidiary
Delta Lloyd on the look out for two new members of its supervisory board.Philip Scott and M H M (Marcel) Smits have resigned their membership of the supervisory board of Delta Lloyd on account of changes in their principal occupation.
Two step down at Aviva subsidiary
Delta Lloyd on the look out for two new members of its supervisory board.Philip Scott and M H M (Marcel) Smits have resigned their membership of the supervisory board of Delta Lloyd on account of changes in their principal occupation.
Swiss GI premiums up 0.7% in 2009
SIA added it is striving for the "recognition of the equality of supervision between the EU and Switzerland" with regards Solvency II
Swiss GI premiums up 0.7% in 2009
SIA added it is striving for the "recognition of the equality of supervision between the EU and Switzerland" with regards Solvency II
Zurich backs ILO facility
CEO Martin Senn said donation wwas critical to long-term business plan.