News
Quanta appoints new CEO; outlines plans for Lloyd's and run-off
Troubled Bermuda and Lloyd's (re)insurer Quanta Capital Holdings has named Peter Johnson to be its n...
RI3K brings in new trading system
RI3K has announced a new version of its trading system. Named 'V3', the new system will be rolled ou...
Wellington launches US marine reinsurer
Wellington Underwriting Inc, the US underwriting arm of Wellington Underwriting, has launched a mari...
Fitch sees return of soft-market cycle in 2007
Rating agency Fitch says it believes that over the next 12-24 months underwriting, operating and cap...
Berkshire and CV Starr launch new syndicate for 2007
Lloyd's has approved a new aviation, energy and marine syndicate, 1919, to be managed by Marlborough...
Kiln and Lloyd's in joint-venture Asian marine cargo move
Lloyd's insurer Kiln and the John Cahill Group are launching a new joint-venture company in Lloyd's ...
Liverpool Victoria overhauls IT systems
3i Infotech’s PREMIA general insurance system has signed a deal with Liverpool Victoria to provide the platform for automation of its general insurance business.
Alliance CEO to head Biba nominations committee
Alliance Risk Management chief John McLaren-Stewart has taken over as chairman of the British Insurance Brokers' Association's nominations committee.
Allianz launches claims pilot
Allianz Cornhill has responded to growing awareness of the need to recycle by launching a three month pilot project to test the use of recycled parts in repairing vehicles.
Hastings founder Gundlach to step down after IAG deal
Founder and chief executive of Hastings David Gundlach is to leave the company following the announcement of Insurance Australia Group's acquisition by Hastings.
Insurance Australia Group plots more UK deals after Hastings swoop
Insurance Australia Group has further UK acquisitions in the pipeline it admitted this morning following its acquisition of Hastings.
Australian insurance giant confirms Hastings bid
Insurance Australia Group this morning confirmed Post Magazine's front page story this week that it will enter the UK insurance market with purchase of Hastings and its underwriting subsidiary Advantage.
Outsourcing: two way street
The traditional driver for outsourcing has been a tactical and short-term focus on costs rather than a more strategic perspective, resulting often in poor management and monitoring. Delegates attending this year’s Post Outsourcing conference on 25…
Biba adopts message for 2007
The British Insurance Brokers’ Association (Biba) has opted for 'Achieving Excellence' as the theme for its 29th annual conference and exhibition to be held at ExCeL London between Wednesday 23 and Friday 25 May 2007.
Chaucer branches out into Asian market
Chaucer Syndicates has announced plans for the formation of a new Singapore-based company to underwrite Asian risks.
EC launches intelligent vehicle systems awareness campaign
A major new drive for improving awareness of intelligent vehicle systems and their road safety benefits was announced today.
FSCS offers compensation over three failed brokers
The Financial Services Compensation Scheme has confirmed it will protect customers of three insurance intermediaries that have closed down.
RSA update: Aviva bid mooted
Investment bank Keefe Bruyette and Woods has ignited speculation that Aviva could make a bid for Royal & Sun Alliance, now the insurer has cast aside its troublesome US liabilities.
Challenges await big three says S&P
Aon, Marsh and Willis have made significant advances to their operations in the post Spitzer era but have yet to ‘fully address’ the evolving landscape according to a report out today.
FSA calls for insurer/broker co-operation on TCF
Providers and distributors of financial products have differing but interlocking responsibilities for treating customers fairly and need to work together to help avoid potential future detriment for consumers, according to a discussion paper issued today…
RSA update: US sale news prompts ratings rethink
Moody's Investors Service today placed the European ratings of the Royal & Sun Alliance Group on review for possible upgrade following the group's announcement that it intends to sell its US operations to Arrowpoint Capital for a deferred consideration…
Ace in PI offering to Imarket
Ace Europe has launched Professional indemnity as its first imarket product – and one of the first of its kind to be offered online in the UK.
Scottish Re cuts down credit agreements
Scottish Re Group has announced that it has permanently reduced the aggregate commitments under the Amended and Restated Credit Agreement dated July 14, 2005 among Scottish Annuity & Life Insurance Company (Cayman), Scottish Re (Dublin), Scottish Re (US)…
Benfield buys Norwegian niche broker
Global (re)insurance broker Benfield has bought Norwegian direct marine and energy broker, Parisco.