News
Markel enters German market through joint Anglo venture
Markel International has signed a joint venture agreement with Anglo Underwriting and moved into Germany.
Markel enters Germany with Anglo buy
Markel International has taken a 50% stake in Munich-based Anglo Underwriting with an option to acquire the remaining 50% by 2017.
Coversure opens in Swansea
Coversure has opened its third Welsh franchise, this time in Swansea, with former broker and Admiral worker Jason Lawrence (left in picture) heading up the operation.
NHS contractors must have insurance
Baroness Finlay of Llandaff, professor of palliative care at Cardiff University, has warned the government must force private health contractors to have insurance against negligence claims.
Governments should act like companies, says Geneva Association
Governments of risk-prone countries must make progress in understanding the risks their countries are exposed to and learn to manage them properly, according to the Geneva Association.
Fairfax takes 25% Thai Re stake
Financial services company Fairfax is to acquire approximately 25% of the issued and outstanding shares of Thai Re in a deal worth approximately $70m.
Crawford to handle Oxford St flood claims
Loss adjuster Crawford & Company has confirmed it is handling claims arising from a burst water main on Oxford Street in London.
Straw’s motor bill awaits second reading
Jack Straw’s Motor Insurance Regulation Bill is set to have its second reading in the House of Commons today.
Marketform CEO steps down
Marketform director and chief executive Simon Turner has stepped down from his joint role at the specialist Lloyd’s insurer in order to concentrate on the health of his wife.
Ageas reveals policy changes ahead of Olympics
Ageas has outlined new terms in its shopkeeper policy ahead of this summer’s Olympic Games.
Indian COR poll
When will the Indian non-life market reach a combined operating ratio of 100%
Lockton Dubai is granted Lloyd's broker status
Lockton Middle East and North Africa has received Lloyd's broker registration.
Mapfre appoints three chairmen across the business
Rafael Casas, Javier Fernández-Cid and Pedro de Macedo have been appointed chairmen by the boards of directors of Mapfre America, Mapfre Internation and Mapfre Re respectively.
Ace heads to Kiev
Global (re)insurer Ace has opened an office in the Ukrainian capital Kiev in order to foster relations with the local market and capitalise on the region’s growing economy.
Barbican makes fresh Omega bid
Barbican sent a letter to rival Omega this week outlining a “merger of equals”.
Arle completes CSG sale and acquires new partner
Arle Capital Partners has sold Capital Safety Group for an enterprise value of $1.12bn (£72m) in a deal which will see former CSG chief executive Anders Pettersson join Arle as a partner.
Talanx and KBC reach €770m agreement on Warta
KBC group has reached an agreement with Talanx International AG for the sale of 100% of the shares of KBC's Polish insurance subsidiary TUiR Warta for a total consideration of €770m.
Haymarket expands marine security in face of piracy threat
Haymarket Risk Management is expanding its maritime security division in response to the growing threat of piracy.
Lockton Dubai gains Lloyd’s broker status
Lockton Dubai has received Lloyd’s broker registration.
Axa SA and Ace believed to be vying for HSBC
Axa SA and Ace are believed to be in the final running for HSBC Holdings’s non-life insurance operations.
CNA Europe extends health products to include BI
CNA Insurance Company has has added property and business interruption coverage to its suite of products for the advanced medical technology sector.
Monoline insurer snaps up multi-million pound Ambac hospital deal
Troubled monolines insurer Ambac has lost a £100m hospital guarantee bonds contract to Assured Guaranty and its rival vows to replace it on more infrastructure projects this year.
G4S eyes further contract wins following Aviva deal
Speaking to Post about the future direction of G4S Cotswold Group, it said that the contract with Aviva is the first of what it hopes will be a series of “high profile” contract wins for the Cotswold Group in its first year in the G4S stable.
Arab Orient Insurance and Scor in medical insurance deal
Arab Orient Insurance Company has signed an agreement with French insurer Scor for the biggest medical reinsurance portfolio in Jordan.