News
Oxygen targets employee benefit business with new facility
Oxygen Insurance Managers (Oxygen), the London intermediary’s managing general agency operation, has launched a corporate personal accident and travel insurance facility that plans to target corporate employee benefits business.
Home and Legacy launches let product
Home and Legacy has launched a new let product – a scheme offering cover through intermediaries for let properties.
Broking giant outsources 650 jobs
The Capita Group Plc has been selected by Marsh as preferred partner to transform and deliver Marsh's services, based in Norwich in a move that impacts 650 jobs.
Oxygen launches employee benefits business
Oxygen Insurance Managers has launched a corporate personal accident and travel insurance facility that plans to target corporate employee benefits business.
Endurance in capital markets push with new hire
Bermudian (re)insurer Endurance has announced the appointment of Win Hotchkiss to Endurance Worldwide Reinsurance as senior vice president for capital markets to spearhead an initiative to evaluate and drive alternative capital markets solutions on a…
Randall & Quilter receives Bermudian approval
Randall & Quilter has received approval from the Bermuda Monetary Authority for the registration of a Bermudan class 3 reinsurer R & Q Re (Bermuda).
Lockton Re to offer treaty in the US
Lockton Re’s team in London will offer all classes of treaty reinsurance in the US for the first time with the appointment of Adam Sayers, head of US reinsurance, and director Mark Trumper.
RK Harrison makes senior appointments in new division
Independent broking group R K Harrison has unveiled Mark Playle and Darren Marshall as joint principals of its new construction division.
Miller takes GCFac duo for new fac reinsurance team
Richard Court has joined London-based international broker Miller to lead a new facultative reinsurance team with Robert Doust. Both Richard and Robert have joined Miller from Guy Carpenter (GCFac).
Kiln extends underwriting reach
R J Kiln & Co (Kiln) have announced the acquisition of International Marine (Underwriting Agency), adding to its international network of marine cargo specialist businesses.
Kiln acquires marine specialist
Kiln has announced the acquisition of International Marine – adding to its international network of marine cargo specialist business.
Insurancebookers enters European market
Insurancebookers has completed the launch of its expansion programme into six further European territories.
Salaries up in 2007, says Watson Wyatt
Salaries in the UK financial services sector rose by a median 4.2% in 2007 though this masks wide variations, especially when total cash payments are considered.
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.