News
Marsh offers risk and insurance advice for affected organisations following the volcanic ash
Marsh is issuing business continuity, supply chain and insurance advice to organisations affected by continued air traffic disruption following the eruption of the Eyjafjallajökull volcano in Iceland and subsequent ash cloud covering European airspace.
QBE appoints global head of distribution
QBE has announced the appointment of Terry Ibbotson as global head of distribution. The position will report to the QBE group chief executive officer.
Quinn Insurance given £5.5m in UK government grants
Quinn Insurance has received £5.5m in government support in Northern Ireland alone, according to the latest reports.
Ex Swiss Re ILS head joins Willis for capital markets push
Willis has appointed Bill Dubinsky as managing director and head of insurance-linked securities for its Willis Capital Markets & Advisory arm.
Broker's technology unit boosted with win
CBG Group – the insurance broker and financial services intermediary – has added photography specialist, sUAVe UAV Enterprises, to its portfolio.
Quinn Insurance given £5.5m in UK government grants
Quinn Insurance has received £5.5m in government support in Northern Ireland alone, according to the latest reports.
Coface to get French state fund aid for partial IPO
The French state is likely to lend a helping hand to investment bank Natixis in selling its credit insurance unit according to newswire Reuters.
FM Global to issue largest ever membership credit to clients
Clients of industrial and commercial property insurer FM Global will collectively receive an estimated US$420m premium reduction when they renew their policies between 30 June 2010 and 29 June 29 2011.
Travel industry “victims” urged to consider IT solutions
IT firm NIIT Technologies has urged firms set for big losses following the Icelandic volcano travel chaos to consider solutions to help them survive and grow in tough conditions.
Coface to get French state fund aid for partial IPO
The French state is likely to lend a helping hand to investment bank Natixis in selling its credit insurance unit according to newswire Reuters.
Aviva appoints new strategy director
Aviva France has appointed Pierre-Emmanuel Lefebvre as deputy director of strategy and development. Stanislas Belot is to replace him as secretary of the executive committee.
Dawson Whyte land NI pub advisory role
Insurance and risk management firm Dawson Whyte has been appointed to provide support to members of the Northern Irish pub association The Federation of the Retail Licensed Trade.
Brown & Brown Q1 profit down 8%
US (re)insurance broker Brown & Brown has reported a quarterly profit that narrowly beat market estimates, helped by low expenses.
Aviva appoints new strategy director
Aviva France has appointed Pierre-Emmanuel Lefebvre as deputy director of strategy and development. Stanislas Belot is to replace him as secretary of the executive committee.
Aviva proposes end to final salary pension scheme
Aviva has entered a consultation with its UK employees including RAC staff, regarding proposals to end its final salary pension scheme.
Sunderland, East London and Liverpool top list of UK fraud hotspots
Callcredit Information Group has published research which identifies the areas most and least at risk of ID fraud across the UK, with Sunderland topping the list of 121 localities in the British Isles.
Endurance promotes Asquino
Endurance Specialty Holdings has announced the appointment of Thomas Asquino as CUO, property and casualty, of Endurance Worldwide Reinsurance.
UAE premium growth shifting away from commercial sectors – S&P
A ratings agency report on the United Arab Emirates shows insurance penetration in the region is still growing, with geographical distribution similar to previous years, premium growth has shifted to the personal/retail sectors from commercial sectors…
Goldman Sachs does not have E&O cover
Goldman Sachs, the investment banking giant that has recently been indicted by the SEC for fraud, does not carry E&O insurance, market sources have told Reinsurance.
Munich Re places North Carolina cat bond
Munich Re has placed a catastrophe bond to cover two North Carolina insurance groups' hurricane exposures.
Crawford appoints new head of project management
Claims management firm Crawford & Company has named Michael Jones as its new head of project management within its global technical services division.
ABI hits out at "act of God" myth over travel claims
The Association of British Insurers has hit out at the "urban myth" that insurers are relying on an “Act of God” clause to refuse claims from customers stranded abroad by the ongoing aviation disruption.
Amlin takes 25% stake in new Charles Manchester MGA
Charles Manchester, former CEO of Dickson Manchester and HCC International, has teamed up with Michael Cant, previously director at Saturn Professional Risks, to form a new MGA called Manchester Underwriting Management.
TIP recruits two new staff to York office
The insurance partnership has recruited Bob Blackburn as association director and Nick Savage as a key commercial account handler.