News
Two more companies given Brazilian reinsurance license
The stream of reinsurance licenses given by the Brazilian regulator Susep continued to flow when it was announced that two more (re)insurers had been given licenses.
High Wycombe brokers announce merger
High Wycombe insurance broking firms J Bennett & Son (Insurance Brokers) Ltd and D G Carr & Co are to merge from 1 February 2009.
Atlas Partners strengthens its numbers
Atlas Partners, the insurance-focused corporate finance advisory practice, has appointed managing director Jonathan Walker and senior adviser Ian Nelson.
Towergate and Paymentshield team up for distribution deal
Leading distribution network Home of Choice has appointed Paymentshield as the sole supplier of its buildings and contents insurance and mortgage payment protection insurance.
Amlin Bermuda appoints chief financial officer
Amlin Bermuda, Amlin's wholly-owned reinsurance business, has appointed Elizabeth Murphy as chief financial officer, reporting to managing director, Stuart MacKellar.
RMS flood data made publicly available for first time
RISK Management Solutions flood mapping data is to be made publicly available for the first time following a partnership between Landmark and RMS.
China Pacific reports 30% jump in FY premiums
(BESTWIRE) China Pacific Insurance Group Co. Ltd. [90336] reported premium income of 93.9bn yuan (US$13.7bn) in 2008's full year, up 26.5% from 74.2bn yuan a year earlier.
Biba warns businesses against insurance cutbacks
The British Insurance Brokers' Association has warned small businesses against cutting back on insurance cover during the economic recession.
Heath Lambert creates service for MTA insurance brokers
Heath Lambert has teamed up with the Manufacturing Technologies Association to provide a new service for MTA members.
IUA outlines plans for 2009
Speeding up claims payment and representing the London company market's interests are top priorities for the International Underwriting Association in its 2009 business plan.
UBS buys AIG's commodity index business
The fire sale for AIG's businesses continued this week when Swiss Bank UBS said that it had bought the troubled US insurer's commodity index business for $150m.
Scor planning $200m catastrophe bond - reports
Scor, the French reinsurance giant, is currently marketing a $200m catastrophe bond to potential investors, according to reports.
APC continues national expansion
Commercial insurance underwriting agency APC has recruited a fourth broker development manager as part of its aggressive regional expansion across England into Northern Ireland and Wales.
Lockton adds to North American property team
Lockton has appointed Adam Watson as executive director to complement and strengthen its nine-strong Global Risks team's North American Property business in the US.
Brit launches US platform
Brit is launching a US underwriting unit that will be based in Chicago, Illinois.
RBS raises prospect of insurance sale with latest loss announcement
Royal Bank of Scotland group chief executive officer Stephen Hester today said the government's support will allow it to "continue its strategic restructuring purposefully". It added it will report for full year 2008 an attributable loss, before…
Axis raids Cunningham for major loss expert
Axis International Loss Adjusters and Surveyors has appointed Richard Atkin as technical director. He joins from Cunningham Lindsey where he was a major loss expert.
Longhawk confirms management reshuffle
Longhawk group has announced that managing director Paul Smith and finance director Tim Ward have both stepped down from their respective roles.
AIG link to New York crash
AIG is believed to be an insurer on the commercial airliner that crashed in New York yesterday.
LV Broker opens new office
LV Broker has opened a new office in Birmingham covering the East and West Midlands.
Post launches insurance fraud initiative
Post has launched the Insurance Fraud Awards 2009 which will be presented at a special awards dinner on 1 October in London. Anthony Gould, Post group editor in chief, commented: "Fraud is at the top of the general insurance industry's agenda this year…
RFIB reports uplift in revenue and profit
RFIB, the Lloyd's insurance and reinsurance broker has reported that operating revenue for the 12month period ended 30 June increased by 12% to £34.0m (2007:£30.4m). Profit before tax for the same period increased by 44% to 4.4m (2007:£3.1m).
FSA issue warning over unauthorised insurance provider
The Financial Services Authority has issued a consumer warning about Aquote, an unauthorised firm which has been selling a range of locum insurance policies to GP surgeries across the UK.
Go Compare CEO tells consumers to shop around as insurers don't reward loyalty
Go Compare has called on the industry to sort out the issue of rising motor premiums.