News
SCA firms downgraded again, outlook still negative
Ratings agency Moody's has downgraded the insurance financial strength ratings of financial guarantee (re)insurers XL Capital Assurance (XLCA), XL Capital Assurance (UK) and XL Financial Assurance (XLFA) to B2, from A3. The outlook is negative.
Evolution enters ‘difficult’ vacant property market
Commercial underwriting specialist Evolution Underwriting has launched a product to cater for the under-served vacant property market. Vacant Property Protector provides a simple solution for brokers in a class of business traditionally regarded as…
£45.7m Goshawk deal agreed
Enstar Acquisitions has reached an agreement on the terms of a recommended £45.7m cash offer for the entire issued share capital of Goshawk. Enstar Acquisitions is a wholly owned subsidiary of Enstar, newly established for the purpose of making the Offer.
Erinaceous Insurance Services consigns name to history with rebrand
Erinaceous Insurance Services, which was recently sold to a new investment company owned by three major high street banks, has announced that it will be changing its name to Barbon Insurance Group.
MMA claims director Bob Still leaves insurer
Bob Still, claims director at MMA Insurance - and long standing member of the Post Claims Club Advisory Board has left the company, Post has learnt. It is understood he left the insurer on Monday.
Hannover in exclusive life deal with India's GIC Re
Global reinsurer Hannover Re has reached an exclusive cooperation agreement with India's government-owned reinsurer GIC Re regarding the joint development, marketing and underwriting of life reinsurance business in India.
Joint MDs to leave Cunningham Lindsey Europe
Cunningham Lindsey Europe has announced that joint managing directors Gerard Böttcher and Pim Polak Schoute are leaving the company.
New claims managment system launching
Legal and Professional Claims, the specialist professional indemnity claims and risk management company, has announced it will launch a new claims management service on 26 June.
MMA ramps up commercial with Towergate hire
MMA Insurance has appointed Steve Ormrod as bespoke trading manager.
MMA continues to ramp up commercial arm with Towergate hire
MMA Insurance has appointed Steve Ormrod as bespoke trading manager.
Aon Middle East opens new regional HQ
Aon Middle East has announced the opening of its regional headquarters in the Dubai International Finance Centre after being granted a full license to operate.
Broughton takes up new chairmanship
Ai Claims Solutions has appointed Steve Broughton as chairman of AI Claims Solutions from 1 July 2008.
QBE outlines casualty changes
Following the creation of its integrated casualty division in May 2007, QBE has announced that Ash Bathia has become managing director.
Willis names Margo Black CEO of Brazil reinsurance office
Willis International Holdings has named Margo Black the chief executive officer for its international division's reinsurance office in Brazil.
Further 'cash for crash' arrests
Two men have been arrested following a joint investigation by the Insurance Fraud Bureau and West Yorkshire Police into ‘cash for crash’ motor insurance scams.
Jelf appointment to manage acquisition
The Jelf Group has appointed Mark Nevitt as director to manage the integration of newly acquired Clarke Roxburgh into the group.
Defaqto publishes fourth critical illness report
Defaqto’s annual critical illness report: “Critical Illness 2008 – Critical time for critical decisions” has examined the current product offerings against a background of economic uncertainty.
New group healthcare deposit account from national deposit
Innovative friendly society National Deposit is hoping to build on the success of its unique individual Private Medical Insurance (PMI) plan with a scheme designed for small to medium sized companies (SMEs).
Risk firm responds as workplace deaths exceed murders
The chief executive of Alliance Corporate Risk Management has reacted to a hard-hitting new report that claims more people die from injuries at work every year than are murdered.
Aon service aims to halve commercial fleet accidents
Aon Corporation and Smart Drive have teamed up to provide a joint service called Aon Smart Drive.
Lloyd's insurer's parent company seeks listing
Sagicor Financial Corporation has listed its securities on the Jamaica Stock Exchange.
Airmic 2008: New chair outlines theme for term
The incoming Association of Insurance and Risk Managers chair, Julia Graham, has selected “supporting the risk manager” as her theme for the year.
No slowdown in Indian outsouring predicted despite economic slowdown
A slowdown in global business spending, devaluation of the rupee and the changing face of business isn’t affecting the outsourcing industry as badly as predicted, it vwas claimed today.
CII congratulates industry players for producing own apprentices
The Chartered Insurance Institute has praised major players in the insurance industry that it claims...