News
XL Insurance expands middle market
XL Insurance is to expand its middle market offering to UK companies with a turnover between £25m and £250m. It will include international coverage if required.
Keelan Westall expands broker club
Keelan Westall claims to have expanded its Prestige Broker Club for brokers - generating £150 000 of premium – up by almost 20% since the spring.
RPC raids Cameron's Bristol insurance team
Four of CMS Cameron McKenna's partners from the insurance reinsurance group team in Bristol have resigned for RPC.
AM Best withdraws ratings of B&B Insurance
Ratings agency AM Best Europe has downgraded the financial strength rating of B&B Insurance Co (Belarus) to C- (Weak) from C (Weak) and issuer credit rating (ICR) to “cc” from “ccc+”.
Aviva reviews Downton Abbey adverts
Aviva says it is reviewing critical comments about its TV advertising campaign after Downton Abbey viewers complained about the insurer’s sponsorship and series of TV ads on Sunday night.
FM Global’s Bosman to retire after 40 years
Ruud Bosman, vice chairman of FM Global, is to retire in November after 40 years with the company, where he worked his entire career.
Earthquake hits India
A magnitude 6.9 earthquake occurred in the region of Sikkim, India, on 18 September.
Lloyd's syndicate sues Saudi for financing 9/11
Lloyd’s insurance syndicate 3500 Riverstone Managing Agency, has launched a landmark legal battle against Saudi Arabia, accusing it of indirectly finding al-Qaeda and demanding the repayment of £136m it paid out to victims of the 9/11 attacks.
Questgates grows its counter fraud team
Loss adjuster Questgates has made three new appointments to its counter fraud division field force.
Axa calls on residents to insure expensive gadgets
Research conducted by Axa has revealed that the average UK home now contains £5 218 worth of gadgets, leading company bosses to call on homeowners to insure their valuables.
Biba appoints new LMRC chairman
The British Insurance Brokers’ Association has appointed Tim Coles, chief executive of Howden Broking Group as the new chairman of its London Market Region Committee with immediate effect.
Earthquake hits India
A magnitude 6.9 earthquake occurred in the region of Sikkim, India, on 18 September.
Legal expenses market unclear
The International Underwriting Association has urged insurers to review their liability products in light of a vast increase in potential legal costs arising from corporate manslaughter prosecutions.
Tawa, Skuld and Paraline combine forces to acquire Whittington UK
A consortium comprised of Tawa, Skuld, and Paraline Group have confirmed a definitive agreement to acquire Whittington Insurance Markets.
Piracy attacks have lower success rates finds Aon
There has been an increase in overall piracy activity but a general decline in successful attacks on vessels over the last year according to a new report.
Vienna Insurance Group appoints chairwoman to the board
The Supervisory Board of Donau Versicherung AG Vienna Insurance Group has appointed Johanna Stefan to the positions of chairwoman of the managing board and general manager, with effect from 1 June 2012.
LV expands staff training initiatives
LV employees are expected to embark on a skills development training initiative following the success of the firm’s recently launched Broker Academy.
FSA takes too long over permissions, RPC lawyers warn
The length of time it takes the FSA to grant financial services firms permission to expand their businesses has increased by 10% in the last year, says City law firm Reynolds Porter Chamberlain.
Belfor drops Relectronic name
Belfor Relectronic has dropped the Relectronic name it acquired since taking over Relectronic Remech in 2001.
Nicholson to chair Liberty Syndicates
Liberty Syndicates Management, part of Liberty Mutual, has appointed Keith Nicholson as non-executive chairman.
Aon says pirates now have less success
Aon Risk Solutions’ first in-depth piracy report for ship owners worldwide says that although piracy is increasing, successful hijacks are on the decline.
UKGI lands ten more members in push for growth
UKGI has signed up ten new members after a push for growth during the summer.
Insurance Insight weekly update is now live
Insurance Insight’s weekly update is live featuring a Q&A with CED Ceo Stef Witteveen: and a View from the Top from FERMA vice president Julia Graham.
Tokio Marine Europe names consultant risk engineer for North-west England
Tokio Marine Europe has appointed Paul Naylor as a consultant risk engineer to help service the commercial insurer’s portfolio of clients in the North-west of England.