News
Amlin predicts aviation rate rises as overall GWP drops 5%
Amlin this monring reported that the group’s gross written premium (before deduction of brokerage) in the year ended 31 December 2007 was £1.03bn, down by 5% over the same period in 2006.
New $250m asbestos reinsurer opens on Bermuda
Bermuda-based reinsurer, St. George Re has started to write insurance for historical corporate asbestos risk with authorised capital of $250m. The company said it offers insurance coverage which protects against risk of loss from future asbestos claims…
Another major ice storm would give shivers to insurers
Risk Management Solutions has today released a 10-year retrospective report on the Janurary 1998 Ice Storm that devastated the Canadian provinces of Ontario and Québec, as well as portions of the northeastern US.
Zurich unveils major outsourcing deal
Swiss Post has been awarded a multi-year master service agreement by Zurich Financial Services Group to deliver and manage Zurich's document processing services for six European countries. Swiss Post will be responsible for Zurich's incoming and outgoing…
Chubb unveils revamped policy
Chubb has announced the launch of its new Master Package commercial policy.
FSA appoints wholesale director to its board
Sally Dewar has been appointed to the Financial Services Authority board with effect from 9 January 2008.
IFEX gains traction with $31m in contracts traded
Reinsurance futures exchange IFEX has announced that since trading began at the end of September 2007 it has traded more than 3,100 event-linked futures (ELF) contracts, which is the equivalent of $31m of limit.
Air: US west coast storms could cost $600m
Catastrophe risk modeling firm Air Worldwide estimates insured losses from the recent west coast winter storm could reach as high as $600m, with the vast majority of those losses in California.
Broker acquires North west rival
Manchester-based Bridge Insurance Brokers has acquired fellow independent North west broker Chartwell Insurance Brokers.
ABI to eradicate innocent non-disclosure
Customers who innocently fail to disclose relative details on their insurance applications will still be eligible for insurance payouts, according to the Association of British Insurers’ (ABI) new guidelines on non-disclosure.
Enhanced insurance covers even more overseas holiday homes
www.protection-insurance.com, the insurance specialist website, has enhanced its holiday home insurance policy.
Sally Dewar joins FSA as managing director, wholesale
The Financial Services Authority (FSA) has appointed Sally Dewar as its new managing director of wholesale. She succeeds Hector Sants who became chief executive in July last year. Sally is currently the director of markets at the FSA. She will also join…
Markel ready for electronic claims
Markel International confirmed that they are now ready to accept any new claim that is in-scope through the electronic claims file system.
Homeserve gains access to 2.6m households with deal
Homeserve has signed a marketing agreement with Progress Energy providing access to an additional 2.6m US households.
Post pick of the week
Jonathan Swift, editor, Post Magazine outlines the major stories in this week's issue of Post including: Towergate waiving fees for insurers using Open GI; the industry coming under fire for failing Buncefield claimants; Beazley’s CEO on merger talk;…
Equity analyst says she relied on AIG's accounting
HARTFORD, Conn. January 09 (BestWire) — Alice Schroeder, an equity analyst with Morgan Stanley, testified in federal court Jan. 9 that she would not have upgraded American International Group Inc.'s stock to a strong buy in March of 2001 had she known…
Groupama unveils new UK MD
Groupama Insurances has announced the appointment of Laurent Matras as managing firector. He will join Groupama from Axa where he was finance director for Axa Insurance UK and Axa PPP. The appointment is expected to take effect from 1 April 2008 and is…
AIG bolsters HNW arm
AIG UK has recruited a trio of new starters to its private client group to help it continue to fulfil demand.
CII appoints two to board as part of public confidence drive
The Chartered Insurance Institute this week announced the appointment of Sian Fisher, head of agency...
Time to test yourself
A selection of questions from various past-CII qualification papers
IPS recruits trio in Asia push
Specialist insurance and financial services recruitment firm IPS has announced the appointment of tw...
Pick of the Week
Jonathan Swift, editor, Post Magazine outlines the major stories in this week's issue of Post includi...
Teceris pledges to up major loss ante
Teceris Corporate and Complex Adjusting has unveiled a new gold standard 'kitemark', formalising its...
Turning a corner
Equity Insurance Brokers has acquired the entire book of specialist motorcycle broker Bike Team - in...