News
Safeonline acquires IP firm Samian
Independent Lloyd’s insurance broker Safeonline, has acquired Samian Underwriting Agencies.
FERMA welcomes new EU insurance BER
The Federation of European Risk Management Associations has welcomed the adoption of the new EU insurance block exemption regulation by the European Commission on 24 March 2010.
SPB finalises share arrangement
White label insurance specialist Citymain has concluded the sale and purchase of part of its shareholding to the SPB Group, an administrator and provider of affinity insurance programmes to the French banking and finance, IT and mobile sectors.
Open GI aggregator quotes top £2m
Insurance quotes generated by Open GI’s market-leading E-Aggregator solution have risen above two million per day.
Central outsources claims to Bankstone
Independent insurance intermediary Central Insurance Brokers has signed up outsourced claims firm Bankstone to provide a full-service white-labelled external claims handling service to its clients.
Quinn to elect staff reps in light of redundancies
Quinn Insurance has said it will work with employees to formally elect employee representatives for each of its sites to ensure staff views are incorporated into their assessment and decision-making process.
Aon Benfield Analytics appoints new head of actuarial and ERM
Broker Aon Benfield Analytics has promoted Paul Kaye to head of actuarial and enterprise risk management within its international analytics team.
Power Place adds six to broker development team
Power Place has made a series of new appointments to its broker development team.
US doomed to another crisis if financial reforms are not implemented – Obama
President Barack Obama scolded the US financial services sector for its "furious efforts" to fight tighter regulation, saying the United States was doomed to another financial crisis if reforms were not implemented.
Prudential sees Asian listings in May
Prudential has revealed it plans to list in Hong Kong in May, and also announced a secondary listing in Singapore as it prepares to fund its $35.5bn takeover of AIG’s Asian arm, AIA.
Singapore Re in Q1 results jump
Singapore Reinsurance has posted an 80% jump for its first quarter net profit to S$3.6m.
Ariel Re appoints new CEO
Bermuda based (re)insurer promotes Tom Hulst to CEO of its reinsurance operations.
Swiss Re, Lloyd’s see boost for insurers in Dodd Bill
Proposed plans to create US Treasury Department office to negotiate international regulations have drawn praise from (re)insurers.
R&Q acquires La Licorne
Randall & Quilter has acquired a French run-off reinsurer of third party motor business for €3.2m.
R&Q acquires La Licorne
Randall & Quilter has acquired a French run-off reinsurer of third party motor business for €3.2m.
Motor rate rises come to an unexpected halt, claims the AA
The sharp car insurance premium increases of 2009 came to an unexpected halt over the first quarter of 2010, according to the latest benchmark AA British Insurance Premium Index.
Zurich puts quake bill at $200m
Zurich announced today that based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200m before tax.
Quinn Insurance administrator prepares staff for cuts
The administrator of Quinn Insurance has indicated that it will have to cut jobs to keep the business viable.
Zurich puts quake bill at $200m
Zurich announced today that based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200m before tax.
Quinn Insurance administrator prepares staff for cuts
The administrator of Quinn Insurance has indicated that it will have to cut jobs to keep the business viable.
Bermuda insurers on slip for US oil rig explosion - sources
Ace, Axis Capital and Lancashire are all on the slip for the US oil rig which exploded in Louisiana earlier this week, according to Reinsurance sources.
Insurance websites dodge VAT after court hearing
HMRC has lost a hearing in the Appeal Court today to rule insurance intermediary services as liable to VAT, in a case involving website Insurancewide.
Second Icelandic eruption could cause mortality risk - RMS
The recent eruption could trigger a larger eruption of nearby volcano Katla, which could pose a significant morbidity and mortality risk, according to RMS.
New investment head for Zurich
Zurich has appointed Urban Angehrn to the position of head of investment strategy implementation. He replaces Cecilia Reyes, who has been appointed chief investment officer and member of the group executive committee.