News
Insurance cover for Nursing and Residential Care Homes set for growth, says Aspen
Aspen Insurance UK, a subsidiary of Aspen Insurance Holding, has issued a detailed report on the state of Nursing and Residential Care Homes in the UK.
Aggregators hit back as Biba calls for tougher regulation
The aggregator market has hit back at calls for tougher regulation of the aggregator market amid speculation the Financial Services Authority is considering taking a greater interest in the sector.
Leading independent broker in MBO
The future success of one of Scotland’s largest independent insurance brokers, Central Insurance Services Ltd, has been secured following a management buy out supported by The Royal Bank of Scotland. The sum involved has not been disclosed.
FSCS default declarations allows consumers to claim up to £48,000
Consumers can claim compensation of up to £48,000 if they have lost money as a result of their dealings with any one of 33 firms that the Financial Services Compensation Scheme (FSCS) has recently declared in default. FSCS is the UK’s statutory…
Aon gets new CEO
Aon has appointed Robert Brown as CEO of its corporate division.
Lower commercial risks of UKAS accredited labs recognised
Lloyd’s brokers, Howden, as created a policy to recongise the lower commercial risks posed by laboratories that hold UKAS-accreditation. Teaming up with Hiscox insurers, Howden has produced a new LABsure policy, and said it is the first broker to offer a…
RBSI culls 100 managers
Royal Bank of Scotland Insurance has today confirmed that it has decided to cull 100 managers after a review of the business.
Ecclesiastical given ratings boost
Standard & Poor's said today that it revised the outlook on the long-term counterparty credit and insurer financial strengths ratings on Ecclesiastical Insurance and on its subsidiary Ansvar Insurance Limited to positive from stable.
Biba urges FSA action over aggregators
The British Insurance Brokers’ Association has today called on the Financial Services Authority to "urgently review" its insurance conduct of business rules for electronic introductions, following independent research into price comparison websites
Indie trial site archive
This special website, which was established to follow the recent trial of the three former directors of Independent Insurance will only be available to subscribers of Post Magazine from 24 January 2008 – to subscribe go to Post Online
Guy Carp and Lucida close €100m annuity transaction
Reinsurance broker Guy Carpenter has announced the completion of a multi-year annuity reinsurance transaction for Bank of Ireland Life, the life assurance arm of the Bank of Ireland Group.
Zurich launches climate change initiatives
Zurich has announced the launch of a global initiative focused on the development of products and services addressing the evolving risks associated with climate change.
Heritage rejects Ironshore as other bidders enter the fray
Ironshore has pulled out of the bidding for Lloyd's insurer Heritage.
Budget launches new cover
BGL subsidiary brand Budget Insurance has launched a new product to market, targeting the need for short-term motor insurance.
Cobra appoints two to board
Cobra Underwriting Agencies has today announced two new board members and othetr staff moves.
RSA makes new appointment
Royal and SunAlliance has announced the appointment of Robert Rae to the role of head of manufacturing.
Everest Re takes $311m asbestos charge
Bermudian reinsurer Everest Re has reported that it is to take a $311m pre-tax charge in its fourth-quarter 2007 results due to strengthening of asbestos reserves.
BGL Group launches new short-term insurance product
The team behind the Budget Insurance brand has launched a new product to market, targeting the need for short-term motor insurance.
Erinaceous hit by another key defection
Lockton’s real estate & construction division has appointed Simon Millar as director. He will be responsible for new business development and client relationship management. Lockton claims he was Erinaceous Insurance Service’s biggest fee earner for the…
Partner and RenRe ratings unaffected by ChannelRe write-off
Ratings agency AM best has said that the ‘A+’ financial strength ratings of Bermudian reinsurers PartnerRe and Renaissance Re are unaffected after Wednesday’s combined $200m writedown of equity stakes in MBIA’s financial guarantee sidecar reinsurer,…
Adjuster announces contract win
Questgates has been appointed to Sterling's property adjusting panel, in addition to its existing contract, in conjunction with its sister company The Quest Partnership, as the insurer’s sole liability adjuster.
APC adds new commercial let product to QuoteMac
Commercial insurance underwriting agency APC Underwriting has unveiled the first of its planned new products for 2008 with the launch of a commercial property owners scheme on QuoteMac, its market leading broker on-line trading platform.
PwC appoints new UK insurance boss
PricewaterhouseCoopers names Andrew Kail as new UK insurance leader
CBG acquires again
CBG has completed the acquisition of Barclay Brown Holdings for £1.45m.