News
Firm claims to have saved clients £2m and rising with fraud system
A fraud detection system developed by CEGA Group Services has saved its clients in the travel insurance industry more than £2m during the first year of its operation, it has claimed.
A quarter of insurance workers fear for jobs according to new survey
Two thirds of people in insurance and financial services believe that the sector should remain committed to maintaining investment in staff training at pre-recession levels, reveals the third annual skills survey published today by the Chartered…
Fortis in non-for-profit insurance tie up
Fortis Insurance UK has signed a new three year partnership with donatesomeback, based in North Staffordshire.
Lockton names new Midlands bosses
Lockton has made two key appointments in its Birmingham office that it claims are indicative of its plans to grow within the Midlands.
ILW pricing on the wane - sources
Pricing for Industry Loss Warranties (ILWs) is on the wane as insurers wait for the Atlantic hurricane season to start, Reinsurance has learned.
Florida rates at 1/6 seen jumping 15% - sources
Reinsurance prices in Florida at June 1 are seen to be up around 15%, broking sources have told Reinsurance.
Loss adjusting group recruits new director
John Watson has joined Merlin Claims as director of contractor services.
Heath Lambert launches hotel product
Heath Lambert has created a new product for the hotel industry.
Heath Lambert targets hotel industry
Heath Lambert has created a product for the hotel industry to help combat issues such as room occupancy rates, seasonal trends and under-insurance.
Crombie to join RBS board
The outgoing chief executive of Standard Life Sir Sandy Crombie has been appointed to the board of Royal Bank of Scotland.
Giles strikes three year deal with insurer
Following an extensive tender process DAS Legal Expenses has won the commercial legal expenses insurance and advisory services account for Giles Insurance Brokers.
Towergate signs three year deal
Towergate Partnership has secured a three year extension to its contract to provide insurance services to members of the Federation of Small Businesses.
New anti-fraud solution launched for insurers
EMB, the actuarial and business consultancy, has launched a new service aimed at helping insurers and other financial services organisations to stem the flow of financial crime.
Lloyds boss ABI tenure extended
The Association of British Insurers has unanimously decided to extend the tenure of the association's current chairman, Archie Kane, until spring 2010.
Omega confident about 2009
Omega, the Lloyd's insurer, continued a list of (re)insurers who have expressed confidence about the rest of the year.
Good news for Renaissance Re ratings
The debt and insurance financial strength ratings of Bermudian (re)insurer RenaissanceRe have been placed on review for possible upgrade by ratings agency Moody's.
MMA updates micro SME range
MMA Insurance has changed its micro SME products to better meet the demands of its broker partners.
California fire may cost over $130m - First American
The Jesusita fire that raged through Santa Barbara, California may cost more than $130m.
IPC rejects new Validus offer
Bermudian (re)insurer IPC Holdings has rejected Validus' improved offer for the company.
AIG Chairman and CEO to resign
American International Group, Inc. (AIG) has said that its chairman and CEO Edward Liddy has informed the Board of Directors that he intends to step down once suitable replacement for both roles have been found.
Aon slams Obama terrorism insurance scaledown plan
Aon, the US broker, has slammed Barack Obama's proposals to scale back the Terrorism Risk Insurance Program (TRIPRA) in 2007.
Gulf Re ratings affirmed by AM Best
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Gulf Reinsurance Limited (Gulf Re) (United Arab Emirates). The outlook for both ratings is stable.
Cadogan Keelan Westall unveils new environmental insurance
Commercial property insurance broker Cadogan Keelan Westall has responded to the Environmental Damage (Prevention and Remediation) Regulations by developing a new product.
UIB expands aviation team
International broker United Insurance Brokers (UIB) today announced the appointment of Steve Bradley and Gwyn Derrick as Divisional Directors to the Aviation team, based in the London head office.