News
Highway looks to widen domestic footprint
Highway has announced plans to increase its domestic car market presence following a review of its r...
Home emergency launch
Personal lines Lloyd's insurer Cassidy Davis has launched a home emergency plan, in partnership with...
Appointment at AIG
AIG has appointed Thomas Colraine and Anthony Hope as non-executive directors. Mr Colraine held the ...
Brokers in security warning as market tipped to harden
Brokers have been warned against seeking cheaper insurance for clients from overseas insurers with a...
Penny Black's insurance week
With all the Christmas festivities now over, Penny would like to again thank all those who sent booz...
Insurecom looks to bolster market positioning in 2008
Broker solutions firm Insurecom has revealed an ambitious growth strategy for 2008, as its looks to ...
RSA and NU seek map talks
Major UK insurers are interested in working alongside Experian after it unveiled its new groundwater...
Appointment at Marsh
Marsh has appointed international risk expert Atle Farstad as principal in its risk consulting pract...
Royal approval
The former chief executive of the Financial Services Authority, John Tiner, was awarded a CBE in the...
New law firm born following merger
US law firm Edwards Angell Palmer & Dodge and Kendall Freeman of London have completed their merger.
Wills Re: Degree of softening divides reinsurance markets
The reinsurance industry is showing signs of reverting to its historic pattern of feast or famine, and that as the market softens differences in response are emerging between the reinsurance hubs of Bermuda and London.
Cassidy Davis and Europ Assistance launch home emergency plan
Cassidy Davis Insurance Group (Cassidy Davis), the specialist personal lines Lloyd’s insurer, has launched Home Emergency Plan, in partnership with Europ Assistance, a leading provider of home assistance products and services in the UK and Ireland,…
Highway overhauls Choice Private Car product
Broker-only personal lines insurer, Highway Insurance, has overhauled its screen-driven EDI Choice Private Car product following a major review of its rating structure.
Guy Carp: property Cat reinsurance rates down 9% at 1/1
Reinsurance broker Guy Carpenter has pointed to across the board rate decreases over the 1st Janaury reinsurance renewal season.
Allianz allows recycled parts in motor repairs
Allianz has started allowing motor policyholders across the country to use recycled parts to repair their vehicles.
Broker risk manager in new branch push
Mark White of broker Central is seeking to establish a branch of the Institute of Risk Management in the Aberdeen and Inverness areas.
Highway in motor revamp
Broker-only personal lines insurer, Highway Insurance, has overhauled its screen-driven EDI choice private car product.
Esposito goes early from XL to concentrate on SCA
Bermudian reinsurer XL has announced that its chairman Michael Esposito, has resigned to concetrate on his chairmanship of Security Capital Assurance (SCA), XL's troubled 46%-owned financial insurance affiliate.
Stanard and Fox to start underwriting consultancy
James Stanard, former CEO of Bermudian catastrophe reinsurer Renaissance Re and Rod Fox, former CEO of US specialty insurer Praetorian, have announced the formation of an underwriting management company to be called New Asset Class Management.
Bush signs new 7-year TRIA into law
President Bush has signed the final compromise version of a 7-year extension to the US Terrorism Risk Insurance Act (TRIA) Federal government terrorism insurance backstop into law.
Munich Re: 07 worst number of Cat events since 1974
According to Munich Re, the number of natural catastrophes recorded in 2007 was 950 (compared with 850 in 2006), the highest figure since 1974, when the German reinsurance giant began keeping formal records.
Validus cancels Petrel sidecar
Class of 2005 start-up reinsurer Validus has announced that its collateralised quota share retro agreement with Petrel Re will not be extended beyond the 2007 underwriting year.
Lloyd's creates Christmas cancellation policy
Lloyd’s, the 319-year-old insurance market, is offering the first and only insurance policy in the world to families in the event that the Grinch steals Christmas.
S&P positive on Hiscox Insurance
Standard & Poor's has revised the outlook on the long-term counterparty credit and insurer financial strengths ratings of Hiscox Insurance, the UK operating entity of Bermuda-based Hiscox Group (Hiscox), to positive from stable. The rating agency said…