News
XL launches products for life science industry
The insurance segment of XL Group has developed a new suite of insurance solutions to respond to the evolving needs of the life science industry.
FSA set to announce Solvency II deadline decision "soon"
The Financial Services Authority has said it is to announce the deadline for implementing Solvency II “soon”.
RSA launches Global Specialty Lines
RSA is launching Global Specialty Lines, a division dedicated to its specialist departments: Risk Solutions, Construction and Engineering, Marine and Renewable Energy. The new specialty unit will be open for business on Tuesday 4th October 2011.
Meditel subject to MBO
Meditel is now operating as an independent organisation from a new establishment in Gouda following a management buy-out on 1 October.
RSA creates new specialty division
Global insurer RSA has combined its large, risk managed and specialist businesses across the globe to create a global specialty lines division.
Jelf Professions appoints new PI team
Jelf Professions, the professional indemnity division of Jelf Insurance Brokers, has appointed three new members to form a professional indemnity team, to specialise in the affinities market, based out of the company’s Manchester office.
Aviva tones down Downton Abbey ads
Aviva has bowed to public pressure and toned down its Downtown Abbey motorcycle crash victim ads.
Fitch downgrades French life sector
Fitch has revised its rating outlook for the French life sector to negative from stable, indicating that it believes a significant portion of life ratings could be downgraded over the next 12 to 24 months.
Axis looks to Willis for accident boss
Axis Global Accident & Health has poached Willis executive director for accident and health, Jamie Cañellas, to be senior vice president and business development manager of its international operations.
Insurers prepare for next solvency step before Solvency 2 is even implemented
While insurers continue to prepare themselves for the implementation of Solvency II in January 2013, many in the market are already anticipating the next regulatory regime change.
FSCS funding back under the spotlight
The Financial Services Authority is restarting its review into the funding of the Financial Services Compensation Scheme.
BIS panelists say arbitrage is inevitable under Solvency II
Arbitrage between different regulators is likely under Solvency II, according to panelists at Post’s Business Insurance Summit last week.
Travelers enters plastics industry market
Travelers has launched an insurance product at the plastics industry as part of its strategy to broaden its offering.
QBE names national boss
Specialist business insurer QBE has appointed Elliot Miller as national general manager.
Ferma 2011: Insurers embrace risk management
Julia Graham, vice president of Ferma, has praised insurers for embracing risk management education.
LMI set to open Leeds office
Liberty Mutual Insurance is set to open a new office in Leeds and has also announced a number of new appointments to support growth in this sector.
Claim Experts appoints South East regional adjuster
Claim Experts has earmarked expansion in the South East following the appointment of Malcolm Bradley to manage the development of the company’s surveying operations.
Marsh warns firms over failure to validate coverage levels
Many organisations are failing to validate the limits of liability they require for their natural catastrophe insurance programmes, according to broker Marsh.
Axa Commercial fills three top roles
Axa Commercial Lines has named Mandy Langton (pictured) as head of product development and has promised to bring new products to market.
XL rebrands and targets Brazil office
XL Group has launched a new global brand and marketing campaign with a new logo and the tagline: “Make Your World Go”.
Ferma 2011: Risk managers face change
Risk managers face an environment of uncertainty and continuing change, Peter den Dekker, the President of the Federation of European Risk Management Associations, has warned.
Swiss Re announces board changes
Swiss Re wants Robert Henrikson, chairman and former chief executive officer of MetLife, to join its board at its AGM on 13 April 2012. He will succeed Robert Scott who is retiring.
Swiss Re announces board changes
Swiss Re wants Robert Henrikson, chairman and former chief executive officer of MetLife, to join its board at its AGM on 13 April 2012. He will succeed Robert Scott who is retiring.
XL rebrands and targets Brazil office
XL Group has launched a new global brand and marketing campaign with a new logo and the tagline: “Make Your World Go”.