News
Exercise Watermark set for insurer-specific rerun - Insurance News Now – 2 June 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories including confirmation from the Association of British Insurers that the government’s emergency flood scenario will be re-enacted specifically for the insurance industry…
Xchanging disposes of US asset
Outsourcing firm Xchanging has sold its US Cambridge workers' compensation operation for $22.7m as part of plans to restructure its business.
Marsh launches global power practice
Marsh has unveiled a new global power unit encompassing its international knowledge of the sector.
Sign up now for the 2011 Prince's Trust Insurance Cup
With the 2010/11 football season over, whether your team finished top, rock bottom or stuck in mid-table obscurity, it’s time to start looking forward to The Prince's Trust Insurance Cup.
BP Marsh to cut Besso stake
BP Marsh is set to sell 4% of its stake in Besso just two months after increasing its shareholding in the Lloyd's broker.
Ironshore opens London branch
Ironshore has received approval from the Central Bank of Ireland, to open a branch office in London.
Kane acquires HSBC Insurance Management
Kane, a provider of specialist risk and insurance management services, has completed its acquisition of the insurance management operations of HSBC. The deal has received approval from all relevant regulatory bodies.
Brit opens Lloyd’s company in Australia
Brit Insurance has confirmed the opening of a new Lloyd’s service company in Sydney, Australia.
Axa Commercial names branch managers
Axa Commercial Lines has appointed new managers for its eight UK branches.
Aon: Aerospace market sees fifth consecutive year of falling premium
The aerospace sector weathered the global financial crisis relatively well, but confidence is still in short supply, with passenger and revenue forecasts still relatively conservative, according to Aon Risk Solutions.
Axa seeks "selective" acquisitions in direct market
Axa has stressed that direct is a “growth engine” in the business in an investors presentation in Paris.
Axa to sell Candian property and casualty arm
Axa has announced plans to sell its Canadian property and casualty business for a total cash consideration of CA$2.6bn (Euro 1.9bn) to Intact Financial.
Swiss Re completes £1.6bn deal
Swiss Re has announced plans to acquire approximately 300 000 policies and £1.6bn in assets from American Life Insurance Company.
€1.7m Quinn fees approved by Court
The joint administrators of Quinn Insurance have had their fees of €1.7m for the first three months of the year approved by the High Court.
Axa seeks "selective" acquisitions in direct market
Axa has stressed that direct is a “growth engine” in the business in an investors presentation in Paris.
UK in the firing line as Axa seeks Euros 1.5bn cost savings in 'mature markets' - updated
The UK is likely to be among the areas where Axa will seek cuts as part of a four year plan it will outline today at an investors meeting.
Axa to sell Candian property and casualty arm
Axa has announced plans to sell its Canadian property and casualty business for a total cash consideration of CA$2.6bn (Euro 1.9bn) to Intact Financial.
Swiss Re completes £1.6bn deal
Swiss Re has announced plans to acquire approximately 300 000 policies and £1.6bn in assets from American Life Insurance Company.
€1.7m Quinn fees approved by Court
The joint administrators of Quinn Insurance have had their fees of €1.7m for the first three months of the year approved by the High Court.
UK in the firing line as Axa seeks Euros 1.5bn cost savings in 'mature markets' - updated
The UK is likely to be among the areas where Axa will seek cuts as part of a four year plan it will outline today at an investors meeting.
The CILA and the III mutually acknowledge qualifications
The Chartered Institute of Loss Adjusters and the Insurance Institute of Ireland have reached an agreement to formally recognise each other’s qualifications to promote closer co-operation and encourage professional development both in the UK and the…
Keelan Westall generates £135k though dormant accounts
Keelan Westall has reactivated almost 100 dormant broker accounts, representing approximately £135 000 gross written premium over a 12-week period, following the launch of its ‘Win Back’ campaign.
Munich Re insurer ERGO ratings affirmed
Fitch Ratings has affirmed Germany-based insurer ERGO Lebensversicherung AG's (ERGO Life) and DKV Deutsche Krankenversicherung AG's insurer financial strength ratings at 'AA-'.
Kiln launches reputation restoration product
A new product designed help restore the reputation of a business following a crisis has been launched by Lloyd’s insurer Kiln.