News
Lloyd's to provide policy cover in China
Lloyd’s has issued its first direct insurance policy in China through its fully owned subsidiary Lloyd’s Insurance Company in China.
NIG unveils new and improved website
Commercial insurer NIG has relaunched its website with new applications and features it believes will help build an enhanced relationship with its broker customers.
Lloyd's coverholder and capacity acquired in expansion push
ProSight Specialty Insurance has entered into a definitive agreement to acquire Lloyd’s Coverholder TSM Agencies and 100% of the capacity rights to Lloyd’s Syndicate 1110.
Chubb appoints Miles as UK and Ireland manager
Chubb Insurance Company of Europe has appointed Jeremy Miles as UK and Ireland manager, with responsibility for all employers in underwriting and distribution in the region.
Argo International adds new non-executive board members
Specialty (re)insurer Argo International holdings has appointed Thistle director Peter Burrows and legacy specialist Phillip Grant as non-executive members of the board of Argo managing agency, which trades as Argo International.
Vienna Insurance breaks into Bosnia Herzegovina market
The Vienna Insurance Group has broken into the Bosnia Herzegovina market by acquiring a majority stake in the insurer Jahorina Osiguranje AD Pale, subject to regulatory approval.
Chubb promotes underwriter to UK and Ireland manager
Chubb Insurance Company of Europe has appointed Jeremy Miles to UK and Ireland manager.
Lloyd's to provide policy cover in China
Lloyd’s has issued its first direct insurance policy in China through its fully owned subsidiary Lloyd’s Insurance Company in China.
Davies Group profit more than doubles to £3.37m
Claims management firm Davies has announced a 24% leap in turnover to £36.9m for the 12 months ended 31 March 2011 (2010: £29.6m).
Industry bodies express concerns over new regulator plan
Insurance and broker associations have welcomed the Government’s proposed regulatory reforms in their consultation responses. However, they have also expressed concern its plans could be too “ambitious”, which may potentially cause delays.
IFB head Glen Marr to step down to join motor insurer
Glen Marr, director at the IFB will be leaving the organisation in December to join the board of First Central Insurance Management as director of fraud.
Compare The Market appoints director of finance
Compare The Market has announced the appointment of Graham Charlton as its new director for finance.
Adding 1 delays UK office openings for 12 months
Jersey-based insurance marketing organisation Adding 1 has sidelined its plans to open offices in the UK mainland for 12 months.
Former Brit boss Burrows takes up Argo board member role
Former CEO of Brit Insurance Peter Burrows has been appointed non-executive board member of Argo Managing Agency.
Jack Straw outlines his Bill to crack down on referral fees
Jack Straw’s motion to crack down on referral fees has passed the latest hurdle in the House of Commons following a Ten Minute Rule Motion.
Ten pulls in ten new members
Ten Insurance has today revealed that a further ten commercial brokers have signed up to the network in the past three months, bringing the total membership to 68.
Dual confirms Flatman departure
Dual Corporate Risks has confirmed the departure of Neil Flatman, just seven months after he was appointed international property business manager at the firm.
CCV buys insurance broker
Cullum Capital Ventures has acquired Midlands broker Three Counties Insurance Brokers.
AIR Worldwide links with Trillium to provide geocoding to insurers
AIR Worldwide and Trillium Software have reached an agreement to provide more precise geocoding.
Exposure to sovereign debt could led to more downgrades
A worsening of the economic or investment landscape could result in an increase in negative outlooks or downgrades for insurers and reinsurers operating in Europe a report has found.
HSBC has refused to comment on speculation of non-life sale
HSBC Holdings has declined to comment on speculation in the market that it could be selling its $1bn non-life insurance business.
French academic institutes join Willis Research Network
Willis Research Network has introduced two new French members to its network.
European agency launches risk assessment tool for SMEs
The European Agency for Safety and Health at Work has launched a tool to help Europe’s 20 million micro and small enterprises improve safety and health for their workers by assessing risks.
UK General signs scheme deal with F&R Associates
The scheme covers home emergency for oil-fired central heating systems, and will be sold under F&R’s ‘Cover My Business’ brand.