News
Travelers enhances D&O policy
Travelers has re-vamped its DirectorXpress policy wording for private company and non-profit risks.
Axa offers environmental liability product in advance of new legislation
Axa has launched a new product providing cover for environmental damage and consequences of environmental impairment.
Axa launches environmental product
Axa Corporate Solutions has officially launched environmental solution Ecosphere in the UK.
License trade products introduced by ABC
ABC Insurance has launched a range of commercial insurance policies specifically developed for the licensing trade.
Arch appoints new CEO for Canadian business
Arch Capital said that it appointed Gordon Kerr as the chief executive officer and chief agent of its Canadian insurance operations.
ABC Insurance to launch licensing trade policies
ABC Insurance is launching a range of commercial insurance policies specifically developed for the licensing trade.
Tesco Compare launches van insurance channel
Price comparison website Tesco Compare has launched its new van insurance channel that enables drivers to compare more than 300 insurance deals from 17 van insurance brokers.
Age Concern says plan to retest all older drivers is "discriminatory"
Some 89% of older people think bad drivers of any age should be retrained, according to Age Concern.
Reinsurance founder passes away
Roy Harris, one of the original founders of Reinsurance Magazine nearly forty years ago passed away in September aged 77, Reinsurance has learnt.
AIG Vietnam unit to offer new airline product
(BestWire) - American International Group's Vietnam subsidiary, AIG Vietnam General Insurance Co. Ltd., is teaming up with local budget airline Jetstar Pacific to offer the first online travel insurance product in Vietnam.
Florida Regulators Give Official Nod to Take Up to 110,000 Policies From Citizens
BestWire) - The Florida Office of Insurance Regulation said six companies have been approved to remove up to 110,000 policies from Citizens Property Insurance Corp. on Nov. 14 as part of the state's continued take-out program.
Glacier says expects to produce a net underwriting profit for 2008
Glacier, the European (re)insurer, said that it expects to generate a net underwriting profit, despite estimating that it will be hit by a total of $71m of claims stemming from US Hurricanes Gustav and Ike.
Hardy says outlook for business 'improving'
Hardy Underwriting, the Bermuda domiciled Lloyd's of London (re)insurer, said that the outlook for its business is improving.
Aon's Aberdeen branch expanding following "best year on record"
Aon says that recent wins for its Aberdeen branch has contributed to a 30% surge in 2008 revenues, as the company celebrates its 50th anniversary in the city.
Liberty International Underwriters sets up French claims operation
Liberty Mutual Insurance Europe, part of Liberty International Underwriters, has appointed Frédérique-Marine Bannes as claims manager of new operation for LMIE in its Paris office in France.
PMI Health Group sales hit record levels
PMI Health Group saw its best financial year with 9.5% growth for the year to June 2008, on an annual turnover of nearly £8 million.
Unum improves executive IP in response to welfare changes
Unum has increased the proportion of a client's income that can be covered using its Executive Income Replacement Plan.
AIG to terminate 14 voluntary deferred compensation plans
American International Group, Inc. said today that it is terminating 14 voluntary deferred compensation programs involving 5,600 employees and independent agents and representatives.
Fortis UK wins inaugral Gold Standard Award for Insurance
Fortis UK has won the inaugral Gold Standard for Insurance award which will be presented at a ceremony at the House of Commons on 25 November. The awards, which are run by Incisive Media, assess companies' performance across the five elements of trust,…
Holmans expands and moves
John Holman and Sons have announced the expansion and relocation of its City and head office to 22 Billiter Street, closer to Lloyd's. The firm said that this would enable Holman’s to continue their growth in the heart of London’s insurance community.
CBG directors purchase shares after securing an increase in funds
CBG Group directors Mike Askew and Laurie Turnbull have purchased shares in the company.
Assured Guaranty buys rival FSA Holdings for $722m
Assured Guaranty, the US credit insurer, said it has agreed to purchase Financial Security Assurance Holdings, the parent of financial guaranty insurance company, Financial Security Assurance from financial services group Dexia for $722m.
Arch Capital's Canadian chief moves over to new role
Arch Capital, the Bermudian (re)insurer, said that Michael Baxter will move from being head of the group's Canadian operations and become worldwide chief underwriting officer for Arch Insurance Group's onshore energy (technical risk) and CAR/EAR…
Brown & Brown in asset allocation of rival
US broker Brown & Brown, said it has bought the assets of smaller rival Agency Associates for an undisclosed sum.