News
NHS unveils new insurance panel arrangement
The NHS Purchasing and Supply Agency has launched two new vehicle insurance related framework agreements for brokerage services and underwriter services
Senior retro broker leaves Aon-Benfield
Richard Dunn, senior retro broker at Aon-Benfield is understood to have left the company earlier this month Reinsurance has learnt. He is understood to be on gardening leave. Aon-Benfield declined to comment on the speculation.
LAM loses appeal hearing
London Authorities Mutual will cease underwriting activities today and go into run-off, pending any fresh legislation, following defeat in Appeal Court this morning.
Brit adds underwriter from Munich Re
Brit Insurance, the international general insurance and reinsurance group, today announces the appointment of Kevin Fol ey as Class Underwriter - International Property, within its Global Markets business.
Insurance execs cautiously optimistic claims KPMG
Insurance executives are cautiously optimistic about the next 12 months, with many expecting to experience growth, according to a recent survey by KPMG International and the Economist Intelligence Unit.
Woolworths captive acquired by Randall & Quilter
Run-off specialist Randall & Quilter has acquired Woolworths Captive, the captive insurance company of Woolworths Group (in administration), from the administrator, Deloitte.
Marsh singles out industries in PI perfect storm
Marsh predicts that the UK architectural, engineering and construction sector is facing a 'perfect storm' which could leave many firms facing increasing risks at a time when the current trend of falling professional indemnity premiums rates may start to…
Broker tells insurers not to persecute young drivers
Insurers should recognise efforts by young drivers who are seeking to improve their driving standards, Simon Douglas, director of AA Insurance, will tell an insurance industry conference today.
Max hammers latest Validus offer
Bermudian (re)insurer Max Capital has dismissed rival Validus' increased bid for island rival IPC Holdings.
Validus ups IPC offer
Bermudian (re)insurer Validus has heated up the takeover battle for island rival IPC when it increased its offer for the company.
Randall & Quilter makes acquisition
Randall & Quilter, the AIM traded run-off management service provider and acquirer of solvent insurance companies in run-off, said it has acquired the captive insurer of bankrupt British store chain Woolworths from the chain's administrators, Deloitte.
ABI: Recession causing a quarter to cancel home insurance
Research by the Association of British Insurers has revealed that almost one in four policyholders have cancelled or failed to renew their home insurance to save money.
Avoca brings in Fac specialist from Munich Re
Avoca Insurance Holdings, the Bermudian (re)insurer, announced today that Kevin Smith has been named president of its Bermuda-based facultative and program underwriting subsidiary, DirectFac.
AIG raises over $1bn from share sale
AIG has said that it has raised nearly $1.14bn from selling shares in reinsurer Transatlantic Holdings.
Thistle Underwriters expand with acquisition of SME underwriter
Thistle Underwriters, Jardine Lloyd Thompson’s managing general agent, has expanded its UK operations through the acquisition of Ingham & Co (Liabilities).
JLT buys UK underwriting agency
Jardine Lloyd Thompson, the UK insurance broker, said it has acquired Ingham and its operating subsidiary Ingham Underwriting.
Fitch affirms ratings of Malaysian reinsurer
Fitch Ratings has today affirmed the 'A-' Insurer Financial Strength (IFS) rating of Malaysian Reinsurance Berhad (Malaysian Re). The outlook on the rating remains stable.
Web seminar - the role of geography
Graham White, Zurich's head of property and strategic accumulation management, Graham Wallace, ESRI UK senior business analyst and Anthony Gould, Post Magazine group editor in chief talk about the issues of location and geography and the implications…
New product for caravan owners with carbon offsetting
Towergate Bakers has announced plans to be the first caravan insurance provider to launch an insurance product. which will allow customers to offset the carbon produced on their caravan holidays.
Fortis Insurance UK boss reassures brokers over Amlin deal
Fortis Insurance UK has moved to reassure brokers that Fortis Corporate Insurance acquisition by Amlin will not affect by the business here.
Brokers in Civil Contingencies act warning
The UK's commercial insurance broker market has warned that local authorities are failing to advise businesses about emergency planning procedures under the Civil Contingencies Act 2004, reports business continuity planning consultancy, Crisis Survivor.
Mutual insurer pays back $1m to UK policyholders
Aegis London, the UK-based subsidiary of mutual insurer Aegis, has announced that despite the global economic downturn, it has approved US$1m in distributions to members as part of its premium credit programme.
Bright Grey improves income protection offering
Bright Grey has improved its income protection offering by improving cover limits and including the services of HCML, a rehabilitation case management company.
Arch adds senior exec from The Hatford
Arch Insurance Group, a subsidiary of Bermudian (re)insurer Arch, said that David McElroy has joined as president of the newly-created financial and professional liability products group of Arch Insurance's US-based operations.