News
Aon strikes agreement on transparency
Under the agreement, Aon is required to provide, in New York and the other 49 states, compensation disclosure to purchasers of insurance contracts that complies at a minimum with New York State Insurance Department regulations and also with the laws of…
Willis, Aon and Marsh reach agreement with NY insurance superintendent
The new agreement specifically recognizes that brokers met its obligations under the 2005 AOD over the last half decade, and ends many of the requirements imposed by the agreement.
Ascot appoints liability boss
Paul Simpson has 12 years experience in the insurance industry, most recently at Catlin where he was responsible for the marine liability account.
L&G reports 8% dip in general insurance
Insurer said it had prioritised profitability over volume and positioned itself to target profitable opportunities in 2010.
Flagstone Re's reports profits improvement
Flagstone Re's fourth quarter and 2009 results improved, the company said on Wednesday.
Rias to provide MOT cover to over 50s
Rias has launched an MOT protection product for the over 50s motor market.
Arch in profits turnaround
Arch reported a turnaround in profits for the fourth quarter of 2009 and for the full year.
Montpelier continues Bermuda's upward trend
Montpelier continued a postive trend for Bermudian (re)insurers by recording a sharp return to profit in its fourth quarter and 2009 results.
Gallagher international opens operation in Brazil
Arthur J Gallagher international is to open a facultative reinsurance brokering operation, called Gallagher Brazil, based in Sao Paulo, the largest economic centre in Latin America and the Caribbean.
Belgium train crash firm broked locally
The company which owned the two trains involved in a head-on collision on Monday at Halle, south-west of Brussels, is understood to have placed its insurance with a local broker.
Belgium train crash firm broked locally
The company which owned the two trains involved in a head-on collision on Monday at Halle, south-west of Brussels, is understood to have placed its insurance with a local broker.
MMA relaunches website
Broker insurer MMA Insurance has re-launched its broker e-trading facility Broker Online, and its public website.
Sterling seals L&G HNW deal
Under the terms of the deal L&G advisers will now offer Sterling's executive home Insurance to their high net worth customers.
European regulation to boost insurance M&A
According to Pricewaterhouse Coopers merger and acquisition activity in the sector is considerably brighter, as the move to Solvency II is likely to attract fresh interest in the insurance industry from a wider range of capital providers.
European regulation to boost insurance M&A
According to Pricewaterhouse Coopers merger and acquisition activity in the sector is considerably brighter, as the move to Solvency II is likely to attract fresh interest in the insurance industry from a wider range of capital providers.
QBE nabs HSBC underwriter for motor book
QBE European Operations, the specialist business insurer, today announced the appointment of Steve Dickie to the position of motor fleet portfolio manager within QBE’s motor division.
Confused index shows 12.7% rise in 2009
Confused and EMB have launched a new quarterly car insurance price index.
Protect unveils new constitution
Trade association Protect has ratified a change in its constitution widening its full membership beyond credit insurance underwriters for the first time.
Catlin opens Melbourne office
Catlin Group has has expanded its Australian operations by opening a Melbourne office.
Divisional head leaves Lockton
One of Lockton's senior brokers has left the privately-owned broker, sources have told Reinsurance.
Tracker renews police deal
Stolen vehicle recover operator Tracker has signed an exclusive five-year extension on its partnership with the UK Police Force.
Bermudan market continues to grow
The Bermuda Monetary Authority reported today that the Bermuda insurance market continued to record strong performance, against the backdrop of a prolonged soft market and the effects of the worst financial crisis in a generation.
Biba: FSCS PPI levy “galling” for brokers
The British Insurance Brokers’ Association has claimed that the Financial Services Compensation Scheme an interim levy of £20m to fund failures involving the sale of payment protection insurance is “galling” for insurance brokers.
Provident rating improves to positive
Standard and Poor's has revised its rating of Provident Insurance based on its proposed sale by GMAC.