News
Insurance industry faring well amid credit crunch
A new financial services activity report from Pricewaterhouse Coopers suggests the insurance industry has taken less of a hit during the past quarter compared to other arenas, such as banking.
MMA Insurance product launch
Intermediary only insurer, MMA Insurance, has announced the launch of full cycle functionality for its master tradesman plus small contractors liability product on the company’s successful extranet, broker online.
Europ Assistance launches ID Theft Assistance
Europ Assistance has launched ID Theft Assistance.
PWS raids SBJ again to boost marine team
Broker PWS Holdings has appointed Simon Christensen as a director of its marine division.
Hannover Re to open Life branch office in S Korea
Global reinsurer Hannover Re has announced plans to establish a branch office for life and health reinsurance business in Seoul in June 2008.
Scor renews Converium's UK MDU malpractice account
European reinsurer Scor has announced that it has renewed its successful business relationship with UK medical defence organisation, the Medical Defence Union's commercial arm, Medical Defence Union.
Swiss Re places €200m French windstorm bond for Groupama
Global reinsurer Swiss Re has structured and placed €200m of securities covering windstorm events in France.
Former AA Insurance boss Sinclair resurfaces
Online SME comparative quote facility Iprism has appointed Kevin Sinclair as managing director.
Equity announces latest acquisition
Equity Insurance Brokers has acquired the entire book of specialist motorcycle broker, Bike Team - including the rights to continue to promote the Bike Team brand.
Start up claims to be largest player in renewable energy sector
A new underwriter launched today aiming to target the percieved increased international appetite for renewable energy initiatives.
Towergate linked with £1bn refinancing deal
The Towergate Partnership is planning a £1bn refinancing of the business to help to fund new acquisitions, according to reports.
Kiln and Catlin in underwriting agency deal
Commercial insurance underwriting agency APC has teamed up with Lloyd's insurers Kiln and Catlin to offer a new contract combining property, combined liability, professional indemnity, directors' and officers' and legal expenses. Other classes will…
Howden to form new team
Independent Lloyd’s broker Howden has announced that it is building a new team in London to enhance its international reach and capability in medical malpractice.
Broker announces major motor supply deal
Bluecycle, the online marketplace for vehicle salvage, has won a contract to deal with the salvage from ACM ULR, the claims arm personal lines broker, the BGL Group.
HCC sets up Lloyd's syndicate
HCC Insurance Holdings has acquired MultiNational Underwriters (MNU) and received approval to establish a new Lloyd’s syndicate.
Lloyd's broker claims China first
FP Marine Risks Limited, the Hong Kong based Lloyd’s broker, has received approval to open a representative office in Beijing. The new office is scheduled to open in early 2008.
Broker Network adds new member
Hertford-based Continuum Insurance Brokers has become the latest broker joining the Broker Network.
MMC announces global broking restructure
Marsh & McLennan has announced it is to consolidate its global insurance broking business into two geographic divisions.
More Lloyd's takeovers to come, says KBW
Financial analysts at Keefe Bruyette and Woods (KBW) have named Lloyd’s insurers Advent, Beazley, Catlin and Chaucer as attractive candidates for takeover bids from overseas companies in 2008.
Chubb Europe to launch new FSA regulated company in 2009
Chubb Europe has outlined the details of its redomicilation to the UK today.
Post pick of the week
Jonathan Swift, editor, Post Magazine outlines the major stories in this week's issue of Post including: Brokers warned over using insurers with poor security ratings; Axa linked with Heath Lambert deal; Reinsurance market in "feast and famine” warning;…
Marsh executive resigns
A senior executive at global broker Marsh has resigned. US-based executive vice president Philip Moyles has become the latest senior figure to step down at the broker.
Powell Insurance launches voluntary slaughter cover
Liverpool-based broker, Powell Insurance, has added voluntary slaughter cover to its range of insurance products developed for the poultry industry.
Cowling joins Heath Lambert
Heath Lambert has announced the re-appointment of Richard Cowling as chairman of the group’s real estate division.