News
New underwriting agency for London market
A new specialist lines underwriting agency has opened in the London market with the launch of Amalfi Underwriting Limited. Amalfi will underwrite $25m of premium income in its first year of operation and has appointed Peter Smith as director of…
Everest Re ups hurricane losses
Everest Re Group has increased its total pretax loss estimate from Hurricanes Katrina, Rita and Wilma to $1.2bn from $1bn, net of reinstatements.
Webline acquired by Capita
Outsourcing provider, Capita, has bought quotation portal, Webline, for an undisclosed sum.
Budget appoints InsureandGo
Budget Group has appointed travel experts InsureandGo to the group’s travel insurance offering.
EC spares motor insurers further directives from Brussels
The European Commission has issued a report addressed to the European Parliament and the Council on two motor insurance issues – compensation bodies and third-party liability cover for trailers.
Aon: non-US reinsurance rates hold steady
Following one of the worst hurricane seasons, broker Aon's reinsurance division has said it expects high rate rises on renewals only for areas affected by US wind exposed risks. At a renewals briefing, Aon Re UK said that after a year of unprecedented…
CII unveils two new faculties as it splits business development function
The Chartered Insurance Institute aims to introduce a more focussed approach to the way it does business with its key markets by establishing two specialist teams within its business development function. The teams will concentrate on the financial…
First Assist ATE product "validated" in advance of Costs Office decision
Withy King Solicitors has settled a First Assist “Pursuit” insurance premium claim at £105,000, three weeks prior to a detailed assessment hearing which was listed in the Supreme Court Costs Office (SCCO).
FX provider cuts out wait for international drafts
Foreign exchange company Travelex, has launched Desktop Drafts, an internet-based product designed for insurance companies to print international drafts at the premises of any of their overseas offices in less than two hours, instead of having to rely on…
Levene repeats call for US to abolish protectionist regulations
Barriers to trade must be removed to permit foreign reinsurers to lend more support in the event of another mega-disaster such as Hurricane Katrina, Lloyd’s Chairman Lord Levene told New York business leaders today.
QBE ratings affirmed
A.M. Best has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a+” of QBE Insurance International Australia and QBE Reinsurance (Europe).
Despite raft of new entants, Benfield predicts reinsurance capacity constraints in 2006
Reinsurance broker Benfield Group this morning said that depsite significant new capital entering the reinsurance market last year, its impact on year end renewals was muted.
Cooper Gay in marine kidnap for ransom launch
Intermediaries Cooper Gay and Seacurus have teamed up to launch Crew Seacure, a new marine kidnap for ransom insurance policy.
And relax ..
The difference between pressure and stress lies in how you recognise and deal with it. John Perry explains how staff and managers can help themselves and others deal with stress in the workplace
Primary stalls over broker deal
Acquisitive broker Vega's proposed acquisition of FM Green appears to have stalled, six months after...
Penny Black's insurance week
One was very interested to watch Derren Brown's television show, The Heist, last week, in which the ...
Amlin reveals increase in US renewals
Amlin said its US catastrophe reinsurance renewals have seen rate increases averaging approximately ...
Aon warns of political interference on risk map
Political interference is the main problem facing investors in the international arena, according to...
Standard and Poor's Ratings Services assignment
Standard and Poor's Ratings Services assigned its first interactive Lloyd's Syndicate Assessment of ...
Judgement will not affect costs pact
A recent judgement has cemented insurers and medico-legal agencies' resolve to introduce a predictab...
Edward Symmons acquires John Foord and Company
Edward Symmons has acquired the business of John Foord and Company for an undisclosed sum. John Foor...
Car fraudster set to be jailed
The ring-leader of a gang charged with conspiracy to defraud is expected to be jailed next Friday, a...
Fortis acquires specialist consultancy
Fortis has bolstered its affinity insurance capability with the acquisition of a specialist consulta...
Axa: new director for reinstated role
Axa has appointed a new commercial distribution director, one year after the role was effectively wi...