News
ECF take-up is high
On the second anniversary of the introduction of the Electronic Claim File, an independent survey of...
Appointment at Bridge Insurance Brokers
Daniel Stockley has joined the sales team of Manchester-based Bridge Insurance Brokers. He will assu...
IGI acquisition boosts its legals expenses
IGI Group has grown its legal expenses arm with the acquisition of Complete Claims, a Manchester-bas...
Aggregator comes top
A new report from Integra indicates the aggregator model as being the one of choice for many consume...
Penny Black's insurance week
At a time of economic upheaval and recession, Penny would like to see more companies introduce the a...
LAM seeks hearing change
London Authorities Mutual has requested that an appeal court hearing be brought forward, as it claim...
Appointment at International Underwriting Association
Stephen Riley has been re-appointed as chairman of the International Underwriting Association. Earli...
Towergate-owned company in panel deal
Towergate-owned underwriting agency Fusion is completing deals with a panel of insurers to handle its small to medium-sized enterprise book of business as of 1 January 2009.
MIB adds new healthcare insurer to panel
Motorists who suffer minor injuries in accidents involving uninsured or untraced drivers will now have additional access to services from a Middlesex insurance-related healthcare business, it was announced today.
IUA supports new international reinsurance plans
Plans to cut collateral requirements for new policies written by international companies protecting US reinsurance risks will save billions of dollars and help provide better value cover for American businesses, the International Underwriting Association…
QIS 4 results show greater awareness but preparations are still needed
The preliminary results from the latest European Commission Quantitative Impact Study show that the overall number of firms participating in QIS 4 rose by 37% in comparison with QIS 3, with an increase of 58% in terms of small insurers.
Insurance reform will save reinsurance industry billions - IUA
Plans to cut collateral requirements for new policies written by international companies protecting US reinsurance risks will save billions of dollars and help provide better value cover for American businesses, the International Underwriting Association…
XL appoints design professional expert
XL has expanded its global design professional team by hiring Stuart Essex as senior underwriter in London.
Buffett in $5bn Goldman Sachs stake, may rise to $10bn
Warren Buffett, the world-renowned investor and architect of General Re and GEICO owner Berkshire Hathaway, has paid $5bn for a stake in troubled US investment banking superpower Goldman Sachs.
New York insurance superintendent expects AIG asset sale to start 'within weeks'
New York insurance superintendent Eric Dinallo, chairman of a new National Association of Insurance Commissioners task force, said he expects American International Group to begin selling state-domiciled units within weeks to satisfy its $85bn bailout…
Aviation prices going up for the first time in five years says Aon
Insurance pricing in the aviation insurance market is going up for the first time in five years, according to a report from Aon.
Swiss Re looking for growth opportunities in Canada
(BESTWIRE) Swiss Re is looking for growth opportunities in Canada, but is moving cautiously in the same soft market cycle that is buffeting the industry in the United States, said Robert Petrilli, managing director of the firm’s industrial risk insurer.
Danillo expects AIG asset sale to start 'within weeks'
(BestWire) — New York Insurance Superintendent Eric Dinallo, chairman of a new National Association of Insurance Commissioners task force, said he expects American International Group Inc. to begin selling state-domiciled units within weeks to satisfy…
Framework for reducing reinsurance collateral advances at NAIC Fall Meeting
A long-debated new reinsurance framework that would reduce collateral obligations for non-US reinsurers moved a step closer to the US marketplace with approval by a key body at the National Association of Insurance Commissioners fall meeting.
Bruce Willis set to become the face of Aviva
Actors Bruce Willis, model Elle McPherson and actress Michelle Yeoh are expected to become the faces of Aviva.
AIG signs definitive agreement for $85bn Fed loan
AIG has signed a definitive agreement with the Federal Reserve Bank of New York for a two-year, $85bn revolving credit facility.
Allianz to close two offices in personal lines restructure
Allianz is to re-structure its retail division, which will see the closure of two offices and 170 potential redundancies.
FBI to investigate AIG
The Federal Bureau of Investigation is to look at whether AIG lied to shareholders before its bail out last week, according to reports this morning.
John Charcol signs sole-tie agreement with Legal & General
Legal & General has partnered with John Charcol for a sole-tie distribution agreement to provide Protection and MPPI products.