News
Security rate reductions
Global security firms could benefit from rate reductions of up to 20% for their cash in transit cove...
LV looks to keep Highway separate after £150m bid
LV may continue to run takeover target - motor insurer Highway - as a separate brand and not amalgam...
Fortress in Axa switch
Acumus acquisition Fortress is to make the switch from Norwich Union to Axa and increase broker comm...
Hero to axe 32 roles as focus switches to online
Broking group Hero is axing up to 23 jobs following a rise in the number of people purchasing insura...
Appointment at Lockton
Lockton's real estate and construction division has promoted Michael Lewis to the role of associate ...
Bollington makes raid on Aviva for new MD recruit
Commerical broker Bollington aims to boost its wholesale business following the appointment of Chris...
New RSA CEO Brown outlines credentials as McIntyre quits
The new UK chief executive officer of RSA, Adrian Brown, has insisted that commercial brokers need n...
Appointment at Ntegrity Insurance Solutions
Ntegrity Insurance Solutions has recruited Mark Bracher, formerly managing director at the Bristol o...
Appointment at MSL
MSL has strengthened its national sales team. Jayne Hyde has been appointed to cover the South-east,...
Pleural plaque case
The heads of claims at Norwich Union and Zurich joined forces on Tuesday, to argue their case agains...
Stutz joins Brokerbility
Former Aon Director, Ian Stutz has joined Brokerbility as managing director.
RSA confirms Salisbury replacement
RSA has confirmed that Nigel Salisbury, previously director of property investors at the insurer has left the company and will be replaced by Julia Abrams.
Hurricane Gustav could be one of the top 10 costliest hurricanes to hit US
(BESTWIRE)-- If initial insured-loss estimates are correct, Hurricane Gustav will rank among the top 10 costly hurricanes to ever affect the United States.
Tropical Storm Ike predicted to brush Miami - TSR
Tropical Storm Ike, the latest in a stream of Atlantic hurricanes in the last week, could brush with Miami as it continues its journey to the US coast, Tropical Storm Risk has revealed.
RSA loses second senior figure
Following the resignation of Bridget McIntyre, RSA has lost its second senior member in as many days with the defection of Nigel Salisbury to Marsh.
Insured losses from Gustav estimated at $3-7bn - Eqecat
Hurricane Gustav, which ravaged the state of Louisiana but managed to miss New Orleans, may still have caused insured losses for $3-7bn, according to modelling firm Eqecat.
Marsh not interested in counterbidding for Benfield
Marsh & McLennan, the US financial services company that owns brokers Marsh and reinsurance Guy Carpenter, has said it has "no interest" in pursuing a counterbid for UK reinsurance broker Benfield.
GAB Robins launches UK repair network
GAB Robins has launched BRICS - a new option for property claims fulfillment.
Wind shear forces Hanna to downgrade - AIR
According to catastrophe risk modeling firm AIR Worldwide, storm development in the tropical Atlantic was even more active on Tuesday than it was on Monday.
Odyssey Re's Hudson unit to form crop insurance unit
Hudson, the US insurance division of (re)insurer Odyssey Re said that it has bought the assets pertaining to the crop insurance business of US managing agent CropUSA.
InsureandGo appoints new managing director
InsureandGo has appointed a new managing director as it seeks to grow in its existing and new markets over the next 12 months.
Endurance appoints new head of reinsurance
Endurance Specialty Holdings, a Bermuda-based (re)insurer, said it has appointed Lauren Kent as senior underwriting manager and head of reinsurance for Endurance Worldwide Insurance Limited in London.
FSA bans broker bosses
The Financial Services Authority has banned three directors of a London-based insurance business, BPS Insure Limited, for failing to inform the FSA that BPS had a deficit of approximately £3m in its client account and had misused client money.
Oxygen to sell agency operation to Gallagher UK
Oxygen Holdings is expected to make an imminent sale of its agency operations to Gallagher UK.