News
Scor renews Converium's UK MDU malpractice account
European reinsurer Scor has announced that it has renewed its successful business relationship with UK medical defence organisation, the Medical Defence Union's commercial arm, Medical Defence Union.
Swiss Re places €200m French windstorm bond for Groupama
Global reinsurer Swiss Re has structured and placed €200m of securities covering windstorm events in France.
Former AA Insurance boss Sinclair resurfaces
Online SME comparative quote facility Iprism has appointed Kevin Sinclair as managing director.
Equity announces latest acquisition
Equity Insurance Brokers has acquired the entire book of specialist motorcycle broker, Bike Team - including the rights to continue to promote the Bike Team brand.
Start up claims to be largest player in renewable energy sector
A new underwriter launched today aiming to target the percieved increased international appetite for renewable energy initiatives.
Towergate linked with £1bn refinancing deal
The Towergate Partnership is planning a £1bn refinancing of the business to help to fund new acquisitions, according to reports.
Kiln and Catlin in underwriting agency deal
Commercial insurance underwriting agency APC has teamed up with Lloyd's insurers Kiln and Catlin to offer a new contract combining property, combined liability, professional indemnity, directors' and officers' and legal expenses. Other classes will…
Howden to form new team
Independent Lloyd’s broker Howden has announced that it is building a new team in London to enhance its international reach and capability in medical malpractice.
Broker announces major motor supply deal
Bluecycle, the online marketplace for vehicle salvage, has won a contract to deal with the salvage from ACM ULR, the claims arm personal lines broker, the BGL Group.
HCC sets up Lloyd's syndicate
HCC Insurance Holdings has acquired MultiNational Underwriters (MNU) and received approval to establish a new Lloyd’s syndicate.
Lloyd's broker claims China first
FP Marine Risks Limited, the Hong Kong based Lloyd’s broker, has received approval to open a representative office in Beijing. The new office is scheduled to open in early 2008.
Broker Network adds new member
Hertford-based Continuum Insurance Brokers has become the latest broker joining the Broker Network.
MMC announces global broking restructure
Marsh & McLennan has announced it is to consolidate its global insurance broking business into two geographic divisions.
More Lloyd's takeovers to come, says KBW
Financial analysts at Keefe Bruyette and Woods (KBW) have named Lloyd’s insurers Advent, Beazley, Catlin and Chaucer as attractive candidates for takeover bids from overseas companies in 2008.
Chubb Europe to launch new FSA regulated company in 2009
Chubb Europe has outlined the details of its redomicilation to the UK today.
Post pick of the week
Jonathan Swift, editor, Post Magazine outlines the major stories in this week's issue of Post including: Brokers warned over using insurers with poor security ratings; Axa linked with Heath Lambert deal; Reinsurance market in "feast and famine” warning;…
Marsh executive resigns
A senior executive at global broker Marsh has resigned. US-based executive vice president Philip Moyles has become the latest senior figure to step down at the broker.
Powell Insurance launches voluntary slaughter cover
Liverpool-based broker, Powell Insurance, has added voluntary slaughter cover to its range of insurance products developed for the poultry industry.
Cowling joins Heath Lambert
Heath Lambert has announced the re-appointment of Richard Cowling as chairman of the group’s real estate division.
Car Crash Line Group hits £40m mark
Dorset-based Car Crash Line Group has marked the end of its 10th anniversary by reporting a £40m turnover.
Provider churn could damage pet insurance market, warns Defaqto
Financial research company Defaqto says the rate of “provider churn” in the pet insurance market could have a detrimental effect unless arrangements are put in place to protect policyholders.
Ironshore adds surplus shell to US offering
Bermudian start-up Ironshore has announced that its US subsidiary Ironshore Holdings, has completed the acquisition of TIG Specialty Insurance Company, a US-based excess and surplus lines insurance company, from TIG Insurance Company.
Voluntary slaughter cover launched for poultry farmers
Liverpool-based broker Powell Insurance is adding voluntary slaughter cover to its range of products aimed at the poultry industry.
Corporate Manslaughter Act could cost £21m, warns Hiscox
With the Corporate Manslaughter Act coming into force on 6 April, Hiscox has called upon companies to review their existing risk management procedures, as it says they are unlikely to provide adequate protection to new exposures introduced under the new…