News
CEA elects new president
Tommy Persson has been elected president of the CEA, the European insurance and reinsurance federation, at the federation’s general assembly in Berlin today.
CBG Group announces new partnership
CBG Group and integrated telematics service provider, Eagle-i Telematics, have announced a strategic partnership aimed at promoting the benefits of Eagle-i’s award winning Monitor3 telematics system to CBG’s fleet and corporate customers.
NFU Mutual opens new branches
Rural insurer NFU Mutual has opened two more offices with a third on the way as part of a drive to expand into areas of business outside agriculture.
Marsh warns about rising PI claims
Marsh has warned that the economic downturn in the US and many parts of Europe will increase the incidence of professional liability claims against law firms during the next 12 months.
Three major AIG shareholders ask for management changes
Three of AIG’s leading shareholders have stepped up their campaign to shake up the board of the company, calling for “significant and immediate changes” to the management of the US insurance group, the Financial Times reported.
Fitch affirms Bupa's outlook
Fitch Ratings has affirmed Bupa Insurance's insurer financial strength rating at 'A+' and long-term issuer default rating at 'A'.
Brit Insurance rating statement by AM Best
Brit Insurance Holdings has had its ‘A’ (excellent) financial strength rating for the group’s principle insurance company subsidiary, Brit Insurance confirmed by AM Best.
Open GI signs deal with motor specialist
Motor insurance broker Footman James has signed up to a development contract with solutions provider, Open GI.
Guy Carpenter appoints Gardner to be new head of global sales
Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, today announced Tim Gardner as head of its newly formed global sales practice.
Zurich moves into UK transport sector
Zurich has launched a new freight liability product to supplement its marine cargo policy.
Confidential documents not so confidentail according to RSA
New research from insurer RSA has revealed that a significant amount of confidential information is open to the prying eyes of the general public.
Absolute unveils solution for identifying insurance fraud
Absolute Fraud Management has unveiled its solution to the detection of insurance fraudsters, Flatline.
Comparethemarket boosts senior team
Price comparison site Comparethemarket has strengthened its senior team with three new appointments.
PB Week: Football can save us from the economy
As we hear about gloomy news from our nation’s economists and layoffs galore in the insurance sector courtesy of Norwich Union and Zurich, we are probably all glad we have the distraction of the European Championships, or maybe not, as our home nations…
Heath Lambert agrees to release employees
Heath Lambert has announced that it has agreed to release, for an undisclosed sum, certain employees within its international wholesale division global business solutions, from their contractual restrictions to go to Arthur J Gallagher International.
Moorhouse targets professional services with its new Xbroker office product
Independent broker Moorhouse has added a comprehensive office product to Xbroker, its online broker quotation platform.
Xbroker adds new product
Independent broker Moorhouse has added an office product to Xbroker, its market leading online broker quotation platform.
Global multiline insurers will be tested by volatile industry says S&P
The year 2008 will be testing for global multiline insurers, Standard and Poor's ratings services said in a report entitled Industry Report Card: Global Multiline Insurers Set To Ride Out Volatile Industry Conditions And Regulatory Changes In 2008 ,…
Zurich launch Freight Liability product
Zurich has launched a new Freight Liability product to supplement its Marine Cargo policy, which was launched at the beginning of the year. The insurer writes approximately $700m USD of marine business globally including $30m USD of freight liability…
RBSI boss fails to take up full options
Royal Bank of Scotland Insurance chief executive Chris Sullivan took up less than his full entitlement to buy new stock in the parent's £12.3bn rights offer.
MMA grows commercial lines team
MMA Insurance has appointed Owen Hendry as commercial development executive.
Munich Re confirms insuring crashed Sudan Airways flight
Munich Re has confirmed that it had a share on the insurance for the Sudan Airways flight which crashed in Khartoum on Tuesday night.
Alliance adds account exec
Alliance Corporate Risk Management has announced the appointment of a new account executive.
Technology firm ramps up London team with senior hire
Insurance technology provider MI Limited, part of the Open International Group, has expanded its team in EC3 with the appointment of Steve Knight.