News
BMS expands into Latin America
BMS has appointed former Lockton employee Amador Torrealba as a producer, and announced an exclusive agency with JAO & Partners Corredores de Reaseguros S.A, in Peru.
Heath wins contract with BSS Group
Heath Lambert has won the contract to provide all general insurance cover for industrial and domestic services specialist BSS Group.
Allianz wins RK Harrison tender
Allianz has won a five-year contract with RK Harrison Insurance Services to underwrite its print protect and engineering protect accounts.
Medical specialist adds two more syndicates
The Medical Professional Liability Company has added two more Lloyd's syndicates to its medical professional liability underwriting facility.
Berkshire Hathaway Q1 insurance premiums dip
Berkshire Hathaway’s insurance division premiums fell 9.3% to $7.43bn in the first quarter, accounting for about 23% of total group revenue.
IIB relaunches member legal advice line
The Institute of Insurance Brokers has re-launched its 24/7 legal advice line for members.
Claims firm chair confident as losses ease
The board of Resources in Insurance Group has today reported a 54% reduction in like-for-like first quarter trading losses.
Quinn administrators pushing for UK commercial return
The administrators for Quinn Insurance are applying to the Financial Regulator this week to re-open some commercial lines of business in the UK, according to reports.
Quinn administrators pushing for UK commercial return
The administrators for Quinn Insurance are applying to the Financial Regulator this week to re-open some commercial lines of business in the UK, according to reports.
Business leaders call for swift election outcome
The Confederation of British Industry and the Federation of Small Businesses have called for a speedy resolution to the hung parliament.
Cunningham Lindsey sets up global power group
The loss adjuster announces formation of global initiative to handle major operation loss involving a variety of power related risks.
Allied World Q1 profits rise
Allied World saw its profits rise by over $2m during the first quarter of 2010 despite continued competition on pricing and catastrophe losses.
AIG reports net income of $1.5bn
AIG has reported net income of $1.5bn for the first quarter of 2010, or $2.16 per diluted common share, compared to a net loss of $4.4bn in the first quarter of 2009.
Andrew Dismore ousted by 106 votes
Labour’s Andrew Dismore has lost his Hendon seat to the Conservative Party candidate, Matthew Offord, by 106 votes following a recount.
Industry puzzled by EC Block Exemption changes
A seminar held at law firm Clyde and Co found that many insurers and brokers are unclear about what constitutes anti-competitive behaviour, following the recent changes to the EC’s Insurance Block Exemption Regulation, according to attendees at a seminar…
Powell quits Oval
Former Powell Insurance Brokers chief executive Eliot Powell has left his role as Oval’s Liverpool boss after selling his business to the intermediary in 2008.
Biba awaits "challenges and opportunities" of hung parliament
The British Insurance Brokers’ Association said it will "be watching carefully" over the next few days to see which government is formed and details of the policies and individual appointments relevant to members and the wider industry.
Industry puzzled by EC Block Exemption changes
A seminar held at law firm Clyde and Co found that many insurers and brokers are unclear about what constitutes anti-competitive behaviour, following the recent changes to the EC’s Insurance Block Exemption Regulation, according to attendees at a seminar…
Arc agrees legal expenses deal with Novae
Lloyd’s insurer Novae has appointed Arc Legal Assistance to provide personal legal expenses and a dedicated travel claims service.
Munich Re Q1 profits rise
Munich Re has reported a quarterly profit of €485m up from €437m in Q1 2009 due to large gains from the disposal of investments but natural catastrophe costs “unusually high.”
IAM Drive and Citroen sign for Arsenal
IAM Drive & Survive and Citroen have agreed to provide an advanced driver training programme to the young players of Premier League giants Arsenal.
PartnerRe Q1 results dip
PartnerRe has reported net income of $79.7m for the first quarter of 2010 in comparison to $141.4m in Q1 2009.
Crawford appoints EMEA legal chief
Crawford & Company has named Christopher Pinney head of legal for its Europe, Middle East and Africa and Asia-Pacific regions.
Validus reports loss of $118.4m in Q1
Validus Holdings has reported a net loss of $118.4m, or ($0.95 per diluted common share) for the three months ended 31 March 2010, compared with net income of $94.9m, or $1.20 per diluted common share, for the three months ended 31 March 2009.