News
Appointment at Climate Wise
Andrew Voysey has been appointed secretary to Climate Wise. Mr Vosey has experience in sustainable d...
Brokerbility seeks new FD
Brokerbility plans to further strengthen its senior management board following the appointment of fo...
No Benfield exodus yet
The exodus of Benfield brokers after the takeover of Aon is not expected until after the 1 January r...
RSA shares dive - was takeover talk hot air?
RSA share price has fallen 10.5 pence today as speculation of it being acquired seems to have abated.
Lloyd's less likely to face further legal suits
Lloyd's has hailed the decision by the High Court to grant civil restraint orders to slow Names litigation against it.
MSL Legal Expenses boosts national sales team
MSL Legal Expenses has appointed Steve Ludgate as business development manager.
Claims solution from Axa Corporate
Axa Corporate Solutions has developed Panorama, a claims remote account management product designed to provide contract certainty for all parties specifically for use in the UK.
Heightened retro prices lead to Munich Re unable to place a storm risk
Heightened retrocessional reinsurance prices have led to Munich Re being unable to retrocessionally get additional reinsurance for a storm risk it wanted to place, said one of its senior reinsurance writers.
1.5 million cars at risk in flood hit areas, warns Uswitch
Uswitch has warned that 1.5 million cars are at risk in potential flood areas across Britain as the insurance industry braces itself to fork out ‘tens of millions’ in claims.
Broker 2 Broker targets brokers with new hire
Broker 2 Broker has appointed Sara Berry to the newly-created role of broker relationship manager.
Allied World makes Bell new COO
Allied World, the Bermudian (re)insurer has promoted David Bell to the position of chief operating and administrative officer of Allied World Assurance Company, its Bermuda insurance subsidiary. He was senior vice president, Global Product Line Manager,…
Hurricane Ike triggers Caribbean Catastrophe Risk Insurance Facility (CCRIF) to pay out $6.3m
The Caribbean Catastrophe Risk Insurance Facility (CCRIF), the world's first multi-country risk pool is set to make a payout of approximately US$6.3m to the government of the Turks and Caicos Islands, within the terms of that country’s hurricane policy…
Allied World appoints D'Orazio as new chief underwriting officer
Allied World, the Bermudian (re)insurer, has promoted Frank D'Orazio to the chief underwriter's position, the company said in a statement.
Ironshore enters Lloyd's market
Ironshore enter the Lloyd’s market after completing the purchase of Pembroke Managing Agency and Syndicate 4000 which it manages.
Travelers in UK senior staff shake up
Travelers UK has announced the retirement of David Bevan, general manager - sales marketing and distribution - after 16 years service.
CEA slams EU policymakers
CEA, the European insurance and reinsurance federation, has criticised European policymakers for failing to involve all stakeholders in today’s hearing on statutory audits.
Weightmans bulks up claims contingent
Weightmans will launch a large loss and technical claims capability out of its London office.
Increased demand for replacement white goods to be 'green' claims Comet
A survey commissioned by electronics specialist Comet found that one in three people (33%) who have made a claim on their household insurance would like the option of ‘greener’ or more environmentally friendly replacement products to choose from.
Broker online trading still has growth potential says MMA
The scale of independent broker website presence and online trading has scope for growth according to the findings of the Broker Trading and Technology Monitor from intermediary only insurer MMA Insurance.
Hull upheaval brings London opportunities claims Aon
The London marine insurance market should be ready to embrace new opportunities following the decrease in Norwegian hull appetite according to Aon.
Omega profits and premium income up
Omega Underwriting has reported a profit before tax up 20% to $24.5m (H1 2007: $20.4m) on premium income up 7% to $185.9m (H1 2007: $173.1m). Profit after tax was up 34% to $21.8m (H1 2007: $16.3m).
Coastal flooded high-risk property insurance losses could double by 2030- Lloyds
Insurance losses from coastal flooding for high-risk properties could double by 2030, according to a new report published today by Lloyd’s and Risk Management Solutions.
Ace hires new head of international personal lines
Ace, the newly Switzerland-domiciled (re)insurer, said that it has appointed Douglas Reynolds as head of international personal lines and small-to-medium enterprise (SME) business.
Glacier Re H1 net income off $11m
Glacier Re's first half net income fell $11m to $22m from $33m a year earlier, the company said in a statement.