News
Swiss Re, Zurich and Marsh warn of economic risks
A report released today by the World Economic Forum warns of challenging risks to the global economy in 2009 including a deteriorating fiscal positions, a hard landing in China, a collapse in asset prices, gaps in global governance and issues relating to…
Rok singles out insuance stream
Building firm Rok has hailed its success with the insurance industry in an interim statement today which revealed its 2008 results are expected to be in line with its projections published on 5 November 2008.
IBM wins bid for Lloyd’s Exchange pilot
After a long tender process that started with 27 bidders, Lloyd's has selected IBM to become the sole service provider for a new central trading hub - the Lloyd's Exchange pilot.
Tolle: the key to Lloyd's is seeking a fairytale ending
Lloyd's franchise performance director Rolf Tolle has told the Insurance Institute of London that there is no magic answer to the conundrum how much capacity is enough? Instead he compared the question to asking 'how long is a piece of string?'.
Ironshore appoints former Allied World exec to head up property book
Ironshore, the Bermuda-based insurer has appointed John Murphy as worldwide head of its property book.
Former RBSI manager lands Zurich direct CEO role
Zurich Financial Services has today announced that Ian Parker has assumed the position of CEO direct business for Europe General Insurance effective immediately.
Zurich calls for end to unsustainable pricing
A sustained period of highly competitive pricing may leave housing associations exposed to significant increases in insurance premiums, according to Zurich Municipal.
HSB offers cover for viruses and hacking as standard
In response to the increasing reliance of businesses on IT, engineering specialist insurer HSB Engineering Insurance has today launched what it claims is the "most complete standard computer equipment insurance product to date".
HSB launches computer equipment cover
In response to the increasing reliance of businesses on IT, leading engineering specialist insurer HSB Engineering Insurance has launched the most complete standard computer equipment insurance product to date.
Bridge bolsters sales team with hires
Bridge Insurance Brokers has added two more to its their sales team.
Heritage launches Gibraltar platform
Heritage Group has launched a Gibraltar operation to manage captives and protected cell companies as well as provide a management service for direct writing insurance companies.
Fortis joins Budget Van panel
Fortis has joined the panel of insurers for Budget Van Insurance – the commercial vehicle product owned by the BGL Group.
Fortis joins Budget Van Insurance Panel
Fortis is the latest addition to the panel of insurers for Budget Van Insurance – the commercial vehicle product owned by the BGL Group.
Heath Lambert launches policy for sick kids
Heath Lambert has partnered with East Anglia's Children's Hospices (EACH) to launch a new insurance scheme to help support the families of children and young people with life threatening conditions and complex healthcare needs.
Groupama rolls out roadshow agenda
Groupama has unveiled a series of open Days and regional broker roadshows across the UK which it claims are designed to offer a more detailed understanding of the UK business and its French roots. The insurers hopes they will also provide an informal…
Heath in charity deal
Heath Lambert has partnered with East Anglia's Children's Hospices to launch a new insurance scheme to help support the families of children and young people with life threatening conditions and complex healthcare needs.
Groceries Protection Insurance launched
A type of cover to fund food shopping in the event of a policyholder suffering accident, sickness or unemployment has been launched by Safety First.
Australian non-life insurance sector to be 'challenged' in 2009 - Fitch
Fitch Ratings has today commented in its annual review report on the Australian non-life insurance sector, "Australian Non-Life Insurance - Well Placed for 2009" that although faced with a number of challenges during 2008, the sector is generally well…
Brit appoints new divisional director
Brit Insurance, the UK-based international general insurance and reinsurance group, said it has appointed Nick Forti as divisional director for financial risks, within its Brit Global Markets business.
Chubb selects Arag as new legal expenses provider
Chubb Insurance has selected Arag as its new legal expenses provider for its mid, high and ultra net worth products.
Optimism in insurance sector despite bleak outlook for financial services sector says research
Job losses in the uncertain financial sector are expected to accelerate sharply in the first months of this year as business activity and profitability fall at record rates, a Confederation of British Industry survey has revealed.
Chubb selects Arag to enhance its HNW range
High net worth specialist insurer Chubb Insurance has selected Arag as its new legal expenses provider for its mid, high and ultra net worth products.
Amlin renewals up 30.6% on 2008
Lloyd's insurer Amlin today said it had written total income to date of £389.0m for the financial year starting 1 January 2009 (before deduction of brokerage), a 30.6% increase on the prior year.
London Club warns of potential increase in exposure to liability
The London P&I Club has warned its members to be wary of a potential increase in exposure to liability for claims as a result of pressures exerted by charterers in the current tough market conditions, and against a background of continuing piracy attacks…