News
Chaucer promotes White to lead energy division
Chaucer Syndicates 1084 said it has promoted Chris White as head of its new energy division.
Kwik Fit boss Oliver to take over as CEO of commercial broker
Martin Oliver, currently managing director of Kwik-Fit Financial Services is to joint Barbon Insurance Group as chief executive - subject to Financial Services Authority approval.
Cash in transit premiums could plummet by 20% says Aon
Global security firms could benefit from rate reductions of up to 20% for their cash in transit cover due to new players in the niche insurance market, according to Aon’s fine art and specie team.
Outlook for global reinsurance sector remains stable - Fitch
Fitch Ratings, the ratings agency, has said that its outlook on the global reinsurance sector remains stable.
BGL appoints vehicle repair director
ACM, the claims management arm of the BGL Group, has appointed Mike Edgeley as associate director of its vehicle repair services team.
Democratic National Committee endorses creation of national Cat fund
(BESTWIRE) The Democratic National Committee wrapped up its presidential nominating convention in Denver on Aug. 28, with a platform that includes a plank endorsing the creation of a national catastrophe fund.
RSA continues to climb amid bid talk
RSA share price continues to rise as speculation of bid refuses to die down.
Survey shows Irish non life premium up 16.4%
The Insurance Statistical Review, previously known as the “Blue Book”, shows that gross written premiums for non-life insurance business in Ireland increased by 16.4% in 2007, to €7.56bn.
Gustav damage could top $10bn claim experts
Insured losses from Hurricane Gustav could range between $3.8 bn and $10bn, according to initial estimates based on the latest information from catastrophe risk experts, Risk Management Solutions and AIR Worldwide.
Gustav downgraded again
Gustav is now quickly losing strength and has been downgraded to a tropical storm with winds of 60mph (95km/h), according to the Florida-based National Hurricane Center (NHC).
British Insurance launches new MPPI product
British Insurance has launched a new low-cost Mortgage Payment Protection Insurance product offering premiums for a 25 year old at £1.60.
Bahamas govt issues hurricane warning for Hanna
The government of the Bahamas has issued a hurricane warning as it faces Tropical Storm Hanna, the US National Hurricane Centre has reported.
Gustav makes landfall
Hurricane Gustav has arrived on the Louisiana coastline, the US National Hurricane Center has reported.
£9.4m contract to strengthen IMR
Scheduled improvements for the Insurers’ Market Repository will see the service double its speed and resilience and increase its capacity fivefold in line with projected volumes for the next four years. .
Lockton promotes within construction division
Lockton’s real estate and construction division has promoted Michael Lewis to the role of associate director
Highway subsidiary announces new deal
1st Quote, which is a trading style of Highway broking arm Hero Insurance Services, has been added to the Confused household panel.
AI appoints claims manager
AI Claims Solutions has appointed Steve Hunter to the position of claims manager.
RSA share price climbs 4.5%
Insurer RSA's share price has climbed over 4.5% today amid speculation in the press of a takeover bid.
Hurricane Gustav downgraded to Cat 2 hurricane
The US National Hurricane Center has downgraded Hurricane Gustav to a "Category 2" hurricane.
Self-employed are self-assured at success
RSA has released survey results which it said shows that a large number of self-employed business people are optimistic about their future, despite recent gloomy news regarding the UK's 0% economic growth.
RSA strengthens retail team
RSA has appointed Desmond Cross as head of its retail trading unit.
Farm Web boss says it is ahead of schedule
Farm Web is on track to beat its business growth targets, according to its chief executive, Elaine Pyke.
Clarification: XL and Burma
Earlier this month Reinsurance Magazine reported that Bermudian-based insurer XL had pulled out of doing business in Burma after being named in a report by the Burma Campaign UK.
Heath Lambert wins train supplier contract
Heath Lambert has been appointed as broker to Alstom in the UK including West Coast Traincare.