News
BA strikes new insurance deal
British Airways has appointed online travel insurance administration specialist Mondial Assistance to supply online travel insurance and assistance solutions to its customers across 18 countries.
Allstate closes $250m Texas windstorm cat bond
Allstate, the US insurance giant, has closed their second catastrophe bond deal under the Cayman Islands domiciled Willow Re.
Former Broker Network MD joins rival
North West insurance broker Caunce O’Hara has boosted its team with the appointment of a new broking director.
Marsh appoints new risk leaders
Broker and risk adviser Marsh has appointed Jeff Colburn as UK leader of its risk consulting practice.
Dubai to launch compulsory health care system
The Dubai Health Authority is launching a compulsory health system largely funded by health employers, the authority said in a statement.
Ropner strengthens non-marine team
Ropner Insurance Services has strengthened its UK Non-Marine team with the appointment of Matt Cosby.
MGIC enters into $50bn reinsurance agreement with HCC affiliate
Mortgage Guaranty Insurance Corporation (MGIC), has acquired up to $50bn of reinsurance from an affiliate of HCC Insurance Holdings, the company said in a statement.
Aon Risk Services appoints EMEA head
Aon Risk Services has appointed Marguerite Soeteman-Reijnen as managing director, head of broking excellence for Aon Europe, Middle East and Africa with immediate effect.
CFC warns of data loss costs
The cost of remediating a data loss episode could be as much as £27 per record, according to CFC Underwriting. Were it to apply to government's loss of two discs holding the details of 25 million child benefit claimants last year could have cost HMRC a…
Willumstad says AIG's insurance businesses unlikely to be sold
(BestWire) — Robert Willumstad, American International Group’s new chief executive officer, is promising a thorough examination of all the corporation’s businesses and may decide to sell some franchises, but expressed doubt that any of its insurance…
SSP signs deal with Synergy
SSP has signed a five-year agreement with new insurance business, Synergy Insurance Services to provide its core insurance IT solution to support growth for its insurance product, Synergy MicroCaptive.
CII manager appointed MBE
Peter Hutchinson, special projects manager at the Chartered Insurance Institute, has been appointed an MBE in the 2008 Queen’s Birthday Honours List for services to the insurance industry and to charity.
Groupama opts for Kewill for electronic trading
Kewill has confirmed that Groupama has chosen it to assist it in simplify electronic trading processes with its business partners.
Open GI appoints new director
Open GI has appointed Steve Dowle as software development director.
Helphire doubles its client relations team
Helphire has appointed Felicity Todd and Kate Owen as client relations managers.
Insured value of US coastal properties jumps 7% yoy - AIR
The insured value of properties in coastal areas of the United States continued to grow at a compound annual growth rate of just over 7%, a report from AIR says.
Insurers failing rehab code claims Premex
Premex has released figures this week revealing that 30% of cases reaching medico-legal report stage would benefit from but have never received rehabilitation treatment, and that further instructions to provide treatment takes place in less than one in…
Europ Assistance updates medical repatriation service
Europ Assistance has changed its medical repatriation services and has acquired an oxygen concentrator for use when repatriating customers.
D&O specialist joins Liberty
Liberty International Underwriters has appointed Oliver Wheeler as vice-president for directors' and officers’ liability.
Sullivan to be paid $35m severance after departing from AIG
Martin Sullivan is to be given a $35m severance package after he stood down as chief executive officer of AIG, according to proxy reports.
Aligned long-term insurance plans way forward says Aon
An increasingly competitive large account insurance market, coupled with more sophisticated client demands, will be the catalyst for regulated and global businesses to embrace aligned long-term insurance programmes Aon has claimed.
IGI re-launches residential property product
Specialist UK general insurer, IGI Group, has re-launched its flagship residential property owners product to incorporate a number of new enhancements including malicious damage caused by tenants.
Marsh appoints risk management head
Marsh has appointed George Davies to be head of its risk management practice in the UK.
GAB takes on Cunningham subsidence director
GAB Robins has appointed Bill Jeffery as subsidence operations director in the UK.