News
Giles swoops for Scottish broker
Giles Insurance Brokers has completed the acquisition of independent insurance broker, Edinburgh-based Carrick Neill and Co.
AIG wins approval for Beijing branch
American International Group (AIG), has announced that its wholly owned subsidiary, AIG General has been granted approval by the China Insurance Regulatory Commission (CIRC) to establish a branch in Beijing.
RBSI brand picked to provide Post Office insurance cover
RBS Insurance brand Devitt Insurance Services has been appointed to provide the Post Office’s motorcycle insurance.
RBSI extends BMW contract
RBS Insurance has extended its contract with BMW Financial Services UK.
Asia Capital Re gets Malaysia license - reports
Asia Capital Re has been granted an operating license for new shariah-compliant retakaful company, according to reports.
New York to hold hearings on contingents and compulsory disclosure
The New York State insurance department and the office of the New York Attorney General are to hold joint public hearings in July on whether contingent commissions should be formally banned and disclosure of compensation arrangements for insurance agents…
NFU Mutual adds to board
Rural insurer NFU Mutual has announced the appointment of Beverley Hodson as a non-executive director. She took up her role on 1 July 2008.
Lord Sheikh asks government to outline insurance fraud stategy
Camberford Law chair Lord Sheikh has asked the government to consider giving the National Fraud Strategic Authority statutory powers. In the same exchanges the government was also asked whether it believed crash-for-cash scams were on the increase.
Heritage underwriters resign
A group of senior staff at Heritage has resigned from the company on Friday 4th July, sources have told Insurance Age and sister magazine, Reinsurance .
Fortis breaks into health market
Fortis has launched its new life business in the UK, the company.
Aascent goes into administration
The administrators of Aascent Finance Company have contracted Close Premium Finance to assist with the management of Aascent's loan book and to offer to underwrite all new business.
Insurance Cup - enter your six a side team now
This year's Insurance Cup – The Prince’s Trust Insurance Leadership Group's six-a-side football tournament - is being held on 18 September at Regent's Park. Over 20 teams from across the broking, insurance and insurance service providing sector have…
Argent appoints Leeds manager
Specialist liability adjuster, Argent, part of the Parabis Group has appointed Gerard King to manage its Leeds branch with effect from 1 August.
Helphire predicts slow growth ahead
Helphire has warned that the challenging economic climate and rising fuel prices will continue to see off growth in the credit hire industry in the coming months.
XL Insurance strengthens casualty team
XL Insurance, the global insurance operations of XL Capital, has appointed Stuart Sutherland as underwriting manager for casualty in the UK.
Retro demand drives price spike- source
Retrocessional reinsurance pricing is bucking the general softening trend of the (re)insurance market, Reinsurance has learned.
Moorhouse totes brand-name packages
Welsh broker Moorhouse has launched Moorhouse Brands, which the company says aims to do with commercial insurance what personal lines insurers have done with supermarket brands.
Management of environmental risk exposures hampered says Ace
The effective management of environmental risks is being hampered by a lack of certainty about the impact of environmental liabilities and slow progress on international regulatory harmonisation.
CII Group launches TCF podcasts
The CII Group has launched a series of podcasts to offer an informative and simple guide to navigating the regulatory minefield surrounding Treating Customers Fairly (TCF).
Ironshore starts new excess casualty facilty; hires Piller as president
Ironshore, the Bermudian insurer, said that it has started IronSelect, an excess casualty facility.
Aon appoints business development captive director for Isle of Man
Aon Risk Services has appointed Gaynor Brough as business development director within Aon Global’s captive team in the Isle of Man.
Mutual plans to raise $100m to meet solvency needs
The UK P&I Club plans to to raise around $100m of new capital to help it meet future requirements under the European Union's Solvency 2 Directive.
Legal & General launches family protection training DVD for advisers
Legal & General has launched a new DVD for advisers to help them write more family protection business. Entitled ‘Let’s Talk Protection – bringing protection to life’, it explains why family protection insurance is so important and highlights best…
LifeSearch launches protection product with Fortis
LifeSearch is launching Real Life Cover on 8 July with insurer Fortis.