News
Aioi Nissay Dowa (China) achieves A- rating
Aioi Nissay Dowa Insurance (China) Company has had its financial strength rating of A- (Excellent) and issuer credit rating of “a-” confirmed with stable outlooks for both.
US reinsurers report worsening COR
The Reinsurance Association of America has reported that 19 US property-casualty reinsurers wrote $18.3bn of net premiums during the nine-months ended 30 September 2010 compared to $18.7bn for the same period in 2009.
Hiscox HNW boss joins Barbican
Former Hiscox high net worth head Austyn Tusler is to become head of UK insurance at Barbican in January.
Cobra splits into retail and wholesale
Cobra Holdings has split itself into wholesale and retail divisions and made its broker network boss John Lincoln head of the wholesale division.
Reynolds’ new recruit marks start of southern expansion plans
Credit insurance broker Reynolds has recruited Andrew Carnie, pictured, to its trade credit team in a move hoped to boost the firm’s presence in the south.
ULR Additions to appeal Webster Dixon decision
ULR Additions has lodged an appeal in the Webster Dixon case against the judgment which will force it to pay higher fees to non-panel solicitors chosen by legal expenses policyholders.
Aviva boss explains Scottish move
Aviva trading director Jonathan Neill this afternoon told Post that the decision to establish a regional broking operation in Scotland was made following company research which highlighted six major UK “insurance hubs”.
A Plan to open more branches as brokerage breaks £50m barrier
High street personal lines broker A Plan has reported a 19% growth in operating profit for the 12 months ended 28 February 2011 to £19 95m (2010: £16.79m).
Marsh launches EMEA renewable power practice
Broker Marsh has launched a Europe, Middle East and Africa renewable power & cleantech practice.
Aviva revamps broking structure
Aviva is to move from a five to six-region structure including Scotland, reorganising of its 29 branch network effective immediately.
Matthews CEO on Friday
Aviva has confirmed that Trevor Matthews, pictured, will join the board as chief executive officer of Aviva UK from 2 December 2011.
Ellis Clowes backs Help for Heroes rugby match on and off the pitch
Lloyd’s broker Ellis Clowes’ new business development consultant and Saracens rugby star Hugh Vyvyan is playing in the all-star Heroes Rugby Challenge at Twickenham on Saturday to raise funds for Help for Heroes.
Jubilee to provide European car hire cover for Towergate
Specialist Lloyd’s insurer Jubilee has been appointed to extend the coverage of Insurance4carhire to Europe.
National Windscreens expands insurance team
National Windscreens has recruited an additional national account manager to manage its portfolio of insurance accounts.
AIR joins with Intermap for European cat modelling
AIR Worldwide has entered into an agreement with Intermap for it to provide high-resolution elevation data to be used in the development of new catastrophe models for select European countries.
Jelf names business development director
Jelf Insurance Brokers has appointed Towergate’s Steve Careford business development director.
Howden announces two new hires
Howden Insurance Brokers has appointed Karen Kutger and Dawn Sequeira to its wholesale and reinsurance division.
DAS buys specialist legal website firm
The DAS UK Group has bought Bristol-based online legal services company Everything Legal.
CCV Leicester buy opens doors in East Midlands
Callum Capital Ventures has bought Leicester broker LFE Insurance Services from family owners Helen and Adrian Paintin.
Insurers hopeful on Autumn Statement
Insurers are more optimistic about future tax policy in the UK compared to a year ago; a PwC poll has revealed.
Uniqa tops enterprise poll for Ukraine non-life insurers
Uniqa has come top in The League of the Best International Economic Rating survey for non-life insurance.
Online client contact is not possible without personal attention
In the future, personal client contact will be replaced principally by online client contact according to a poll by CED.
Allianz appoints two board members
Allianz Global Corporate & Specialty (AGCS) has made two new appointments to its Board of Management.
Travelers unites ceded reinsurance role
Travelers has promoted Callum Rainy Brown to the newly created role of head of ceded reinsurance for both its insurance company and Lloyd’s syndicate.