News
Chubb to open reinsurance operation in Brazil
Federal Insurance Company, a subsidiary of US insurance giant Chubb, has applied for a license to operate as an admitted reinsurer in Brazil.
Fortis appoints Axa's Cliff as MD
Fortis UK has announced Mark Cliff has been appointed in the new role as managing director of Fortis Insurance, directly reporting to Barry Smith, chief executive officer for Fortis UK.
Gloomy outlook for June, July renewals - Aon
Pricing is projected to be favorable for traditional property catastrophe reinsurance programs when insurers seek mid-year renewals, according to an analysis conducted by Aon Re Global.
Groupama Insurances goes online with point of sale
Groupama has launched an online point of sale documentation via the company’s broker extranet, Optima Online, which will include certificates of commercial motor insurance. In addition, brokers will be able to produce all the literature relating to a new…
Bupa makes board level appointments
Bupa has appointed Tom Singer as finance director and a main board member and Professor Ed Byrne as a non-executive director, both with effect from next month.
Cliff leaves Axa
Axa Insurance has confirmed to Post that Mark Cliff, markets managing director, has left the insurer with immediate effect. The company said a fuller statement would follow shortly.
Gen Re chairman and CEO Brandon resigns
Berkshire Hathaway has said that Joseph Brandon, chairman and chief executive of its wholly-owned subsidiary, has decided to resign effective today.
Axa introduces roving underwriter service
Axa has introduced a roving underwriter service offering intermediaries individual visits.
Ensleigh roll out SME products to market
Endsleigh has launched its new insurance packages for small and medium sized enterprises (SMEs). The new services will incorporate a wide range of risks including buildings, contents, stock and public liability. These risks will then be quoted across a…
Takaful insurance worth $4.3bn in 2010 - report
A new report forecasts that accepted takaful contributions globally will rise to more than $4.3bn in 2010 and that the 20% annual growth rate of the industry will be maintained for the foreseeable future.
Aon wins sweet contract
Aon Risk Services has won the contract for Tangerine Confectionery's insurance and risk management programme.
Erinaceous confirms insurance business sale as it enters administration
The board of Erinaceous has appointed administrators to the company with immediate effect. This morning its shares were suspended.
Oval confirms acquisition
Oval has confirmed it has expanded into Northern Ireland with the acquisition of broker Bartholomew and James, as revealed by Post (see this week’s issue ).
Motor premiums rise for mobile phone offenders
Motorists with convictions for using a mobile phone while driving face premium increases of 30% if they buy their insurance from Allianz.
Ace respond to Corporate manslaughter Act
Ace Europe has launched its Elite IV Entity Extension – an endorsement to its Elite IV Directors and Officers (D&O) cover, which provides increased protection to private companies facing heightened exposures as a result of the recently introduced…
Ace responds to Corporate Manslaughter Act with increased cover
Ace Europe has launched Elite IV Entity Extension – an endorsement to its Elite IV directors' and officers' cover, which provides increased protection to private companies facing heightened exposures as a result of the recently introduced Corporate…
APC rolls out pubs and wine bars package product
Commercial insurance underwriting agency Anglo Pacific Consultants (APC) has launched a pubs and wine bars package product covering a broader than standard range of risks. Unlike other similar policies, it can extend to include the home contents of…
Coface opens office in Leeds
Coface, a provider of credit management and finance solutions for businesses, has opened a new office in Leeds.
Gocompare.com adds five brands
Gocompare.com has added five major car insurance brands - Churchill, Privilege, Lloyds TSB, Tesco and Virgin - to its car insurance comparison service.
APC launches pub and wine bar cover
Commercial insurance underwriting agency Anglo Pacific Consultants has launched a pubs and wine bars package product covering what it claims is a broader than standard range of risks. It can be extended to include the home contents of publicans or…
MMC upgraded to 'outperform' by KBW on margin increase confidence
Global broking operation and financial services firm Marsh & McLennan has had its ratings upgraded to ‘outperform’ by a Wall Street firm on hopes that the company’s new management would increase margins.
New SME products launched by Endsleigh
Endsleigh has launched new insurance packages aimed at small and medium-sized enterprises.
RBSI's Churchill bolsters Confused.com panel
Confused.com has added a number of insurers to its panel - including RBSI-owned Churchill, Privilege, Tesco, Tesco Value and Virgin.
Senior Guy Carpenter figure leaves for Catlin - sources
Mark Newman, one of the co-heads of Guy Carpenter’s global facultative reinsurance broking operation, has resigned from the world's biggest reinsurance broker to take up a senior job at Lloyd’s (re)insurer Catlin, sources close to the situation have said.