News
UK leads the way in investing in anti-fraud technology
UK and US insurers are investing much more heavily in anti-fraud technology than their European counterparts, according to a new report by Datamonitor and Enterprise Ireland.
Cassidy Davies signs Admiral deal
Cassidy Davis, the specialist personal lines Lloyd’s insurer, has been appointed by Admiral Group, to provide premium protection insurance cover for its motor policies sold under the Admiral and Bell brands.
Police crack down on plant theft
More the £60 000 worth of plant equipment has been recovered as part of nationwide police initiative Operation Crassus.
SBJ reveals rebrand
SBJ has rebranded itself as SBJ Global Risks.
Jelf acquires Reading broker
Jelf has acquired Reading-based broker Godfrey Moore.
Ukraine bans Russian reinsurance – reports
Russsian language website Kommersant has reported that the Ukrainian regulator, Gosfinuslug banned the reinsurance of risks in companies from non-WTO countries as Ukraine acceded to the WTO last Friday 16th May.
Van Loon to lead Liberty European market division
Gerard van Loon has been appointed managing director, continental European operations, at Liberty International Underwriters.
Randall & Quilter wins major US court case on Cavell run-off
A New York Federal court has dismissed outright claims by two US insurers in run-off, Seaton Insurance Company and Stonewall Insurance Company, against Cavell USA (a subsidiary of Randall & Quilter), and its chairman, Ken Randall.
XL opens Newcastle office
XL has opened its first office outside London in the UK.
Gaserow to hand over Aon Re Germany to Thofern on 1/7
Holger Gaserow chairman and chief executive of Aon Re Germany (formerly Jauch & Hübener) is to hand over his position to Jan-Oliver Thofern On 1 July 2008.
Cooper Gay maintains top line revenue in 2007
Independent London broker Cooper Gay has maintained group revenues in for the financial year ending 31 December 2007, whilst increasing earnings before interest tax, depreciation and amortisation (EBITDA) by 32% .
Lovejoy joins Heath Lambert
Mark Lovejoy has joined Heath Lambert from Marsh as associate director for the group’s expanding mergers, acquisitions and disposals team.
US remains top for medical expense claims
The US is still the most expensive country in the world to have a medical problem when on holiday, according to new data from Insure and Go.
Brit Global Markets makes key appointments
Brit has appointed Jennifer Martin as divisional underwriting director of its international legal and professional risks division and Janet Henderson as divisional underwriting director of its North American liability division.
Whittington Group to sell US insurer in run-off
Whittington Group has signed a conditional agreement to sell Americas Insurance Company in run-off to ISG Acquisition for an undisclosed sum.
QBE makes one last bid for IAG
QBE has approached IAG with an increased final proposal, but does not expect it to be accepted.
Capita upgrades reinsurance technology system
Capita Insurance Services has implemented the latest version of Total Objects reinsurance management system Global XL Pro.
Towergate profit tops £150m for 2007
Towergate has announced its earnings before interest tax and depreciation across all its companies including Open GI, Paymentshield and the Towergate Partnership (which includes The Broker Network) were £166m last year.
Cunningham Lindsey launches new business
Cunningham Lindsey has launched Oriel a new business that aims to deliver assured repairs for the insurance market and property owners.
Munich and Aon Re place $300m Japan quake bond for Zenkyoren
Aon Capital Markets has placed a 3-year $300m catastrophe bond for Munich Re for the ultimate benefit of Japanese mutual Zenkyoren.
Crash signs up Belfast broker
Crash Services has secured an agreement to provide claims management to Belfast –based broker Dawson Whyte.
Brent loses LAM High Court battle
Brent council has lost the second part of its battle against Risk Management Partners to channel insurance through a mutual set up for London councils.
No widespread downgrades of US life/P&C insurers - Moody's
Moody's has said that there won’t be a widespread downgrades of US life and property & casualty insurers despite various companies reporting “meaningful” increases in both realized and unrealized losses in their fixed income investments in the first…
Guy Carpenter to develop new global client development unit
Guy Carpenter, the reinsurance broking arm of Marsh and McLennan, has appointed David Priebe to head up its global client development group, which will build new business, manage client relationships and develop viable client-centred solutions.