News
Travelers offers new clinical trials cover
Travelers UK has launched a new, combined property, liability and clinical trials package policy for medical technology industries. This new medical technology product is aimed at UK domiciled businesses.
Marsh global clients division appoints new head
Marsh has appointed Gilbert Van den Eynde as the global leader of G5, its division that serves Marsh’s largest global clients.
Bespoke high street home policy
West Bromwich Building Society (WBBS) has introduced a new household insurance product underwritten by Norwich Union (NU) administered by chartered insurance brokers Millennium Insurance.
Oval secures refinancing to fuel new £100m acquisition push
Consolidator Oval has managed to secure refinancing to help fuel its growth.
Hardy confirms syndicates merger
Hardy Underwriting Bermuda has confirmed the merger of its two managed syndicates 382 and 38Twenty and its new management structure.
Buyers have less confidence in AIG than brokers
A survey has concluded that brokers are more confident than risk managers in the financial security of AIG's commercial insurance units.
The government reveals hand as banking crisis grips UK
The government has issued a statement this morning outlining its plans to stabilise the beleaguered UK banking sector.
Goodwin tipped to go as RBSI sale drags on
The men who put Direct Line, Churchill and NIG up for sale are to leave Royal Bank of Scotland according to reports this morning.
CEA responds to Solvency II updates
The CEA, the European insurance and reinsurance federation, has said it welcomes today's vote in the European Parliament on the Solvency II framework directive.
Endurance outlines Gustav, Ike and investment losses
Endurance Specialty Holdings, a Bermuda-based provider of property and casualty insurance and reinsurance, said that its initial loss estimate related to Hurricanes Gustav and Ike, pretax and net of reinsurance and reinstatement premium, is $145m.
JLT snags senior UK executive from Aon
Broker Jardine Lloyd Thompson has revealed that Warren Dann will be joining it as sales leader for its Global Risk Solutions (GRS) division based in its London Head Office.
XL hire new chief underwriting officer for professional lines in Continental Europe
XL Insurance, XL Capital’s global insurance operations, today announced that it has appointed Beatrice Jane Salter as chief underwriting officer of its professional lines division for Continental Europe.
Heath Lambert wins GM deal
Heath Lambert’s Manchester office has secured a multi-year appointment as insurance broker and employee benefits consultant to Motors Holding, a major retail division of General Motors UK. The retailers’ brands include Vauxhall, Saab, Chevrolet and…
FSA hands out £7m fine for PPI mis-selling
The Financial Services Authority has fined Alliance & Leicester £7m for serious failings in its telephone sales of payment protection insurance.
Axa restructures commercial broker business arm
Axa Insurance has restructured its broker facing commercial business.
Willis CEO Plumeri: AIG is "great"
Willis chairman and chief executive Joe Plumeri has thrown his support behind AIG in an interview with CNBC in America.
AIG UK boss: risk managers and brokers continue to support us
The managing director of AIG UK has outlined the levels of support the insurer has received despite its well publicised revcent problems.
Injuries Board see average claims value rise to €24 320
The Injuries Board, formerly known as the Personal Injuries Assessment Board, made assessments totaling €113m were made in respect of 4652 personal injury claimants in the first six months of 2008.
NU signs new affinity deal
West Bromwich Building Society has launched a new household insurance product underwritten by Norwich Union administered by broker Millennium Insurance.
Amlin to acquire French underwriter
Amlin has agreed to buy Financière Europe Assurance, the holding company of Anglo French Underwriters.
Amlin acquires French underwriter
Amlin said that one of its wholly owned subsidiaries has acquired French underwriting agency Financière Europe Assurance (FEA), the holding company of Anglo French Underwriters SAS (AFU). The vendors are 21 Centrale Partners (the French branch of the 21…
Legal & General sees improved group life sales
Legal & General wrote a third of all new group life business between Q2 2007 and Q2 2008, according to a new report released by Swiss Re.
FSA fines Alliance & Leicester £7 million for PPI failings
The Financial Services Authority (FSA) has fined Alliance & Leicester £7 million for serious failings in its telephone sales of payment protection insurance (PPI).
Allianz appoints motor schemes manager
Tim Pitts has left Zurich to take up the position of motor schemes manager at Allianz retail division.