News
Copart secures major contract after tender
Copart has renewed its contract with Jaguar Land Rover group after a competitive tender.
Biba concerned over levy hike
The British Insurance Brokers' Association has voiced its concerns over the proposals contained in the FSA's Consultation Paper CP09/7.
AIG Financial Products in $60.5m sale
AIG Financial Products, the struggling subsidiary of AIG, said that it has closed the sale of its interests in two transactions and related commodity hedges from its energy and infrastructure book of business for total net proceeds of $60.5m. The…
Aon UK non-executive chairman McGill steps down
Aon Limited has said it has replaced Aon Risk Services CEO Steve McGill with former Bridgwell chief executive Paul Manduca as non-executive chairman.
Law firm appoints volume claims boss to boost division
Law firm Halliwells has announced ambitious plans to grow its volume insurance claims handling business under the leadership of newly appointed David Hiley.
Tysers grabs senior broker from Cooper Gay
Tysers, said it has appointed special Caribbean broker Neil Allan to their North American & International Specialty division.
State of Florida agrees to State Farm withdrawal
(BESTWIRE) - Florida's Office of Insurance Regulation has approved State Farm Florida's plan to withdraw from the property insurance market in the state within two years, but the company is barred from penalizing policyholders for terminating their…
Hampden Underwriting buys smaller rival
Hampden Underwriting, the Lloyd's investment vehicle, said that it has bought a corporate member of Lloyd's for £500,000 in cash.
Lancashire shares up as FY results beat estimates
Bermudian specialty insurer Lancashire smashed full-year pretax profit expectations when it reported its results on Monday.
Liberty adds Argenta underwriter for binding authority business
Liberty Syndicates, the Lloyd's of London arm of US insurance giant Liberty Mutual, has appointed Giles Taylor to be its deputy underwriter.
Lloyd's takes Swiss Re exec for Beijing post
Lloyd's said it has appointed Ms Bin Yang as the Chief Representative for its Beijing representative office.
AIG vice chairman retires
Frank Wisner, vice chairman, external affairs, is to retire from AIG.
Liberty launches new environmental unit
Liberty International Underwriters Europe, a division of Liberty Mutual Group, has launched a new environmental impairment liability underwriting unit for the UK, Ireland, Continental Europe and the Middle East.
Prudential said to be eyeing AIG's assets - report
Stories in the UK press have re-emerged that UK life insurer Prudential may be eyeing the Asian assets of stricken US insurer AIG.
NU in cannabis warning
Norwich Union today warned landlords to be extra vigilant when vetting tenants and inspecting their properties, with cases of residential cannabis farming continuing to rise.
Lloyds TSB talks of impact of £750m from insurance volatility as HBOS crashes to historic loss
Announcing a trading update today for 2008, Lloyds TSB said it made a pre-tax profit of £1.3bn but suffered from around £0.75bn of "insurance volatility", goodwill write-downs and £0.4bn of aggregate provisions in respect of the Financial Services…
Groupama splits UK business into three
Groupama Insurances has changed its operational structure with specialist business divisions for personal lines, commercial lines and healthcare, each being headed by a director with overall responsibility for divisional performance including bottom line…
MMA relaunches commercial combined policy
Broker insurer MMA Insurance has relaunched its commercial combined policy for small to medium-sized enterprises (SME) as part of its drive to enhance its commercial lines development.
MMA revamps SME offering
MMA Insurance has relaunched its commercial combined policy for SMEs as part of a plan to improve its commercial lines development.
Helphire consolidates business
Helphire has consolidated its Helphire UK and Albany Assistance business units into a single accident management business unit.
Global Aerospace, USAIG lead insurers on Buffalo plane crash - sources
Global Aerospace and US aviation underwriting pool US Aviation Insurance Group are the leaders for the plane crash in Buffalo, New York, which killed 49 people yesterday, Reinsurance can reveal.
Fitch gloomy about Bermuda
Fitch Ratings stated in a Special Report today that its Rating Outlook for the Bermuda (re)insurance market remains 'Negative reflecting uncertainty tied to the continued highly volatile investment markets and a more severe economic recession than those…
PB Week: What can we learn from Scolari's sacking, if anything?
Roman Abramovich's decision to sack Chelsea's manager Phil Scolari after the transfer window reflects the growing impatience for success in football writes Andrew Tjaardstra, editor of Professional Broking , the management magazine for insurance brokers.
Provident Financial chairman joins Hyperion as non executive chairman
Hyperion Insurance Group has appointed John van Kuffeler as non-executive chairman.