News
UK Poultry Farmers Could Lose £30m at Next Bird Flu Outbreak
UK poultry farmers stand to lose as much as £30m in a major outbreak of avian flu due to EU regulations affecting government compensation. The regulations mean there is a potentially significant gap between the compensation received for slaughtered birds…
Amlin appoints ex-Farmers boss Feinstein as non-exec
Amlin Martin Feinstein, as an independent non-executive drector of Amlin, to take effect on 1 December 2007.
Norwich Union adds child CI cover
Norwich Union (NU) has revealed that it is to extend children’s critical illness cover to all CI policies.
Iprism and Go-Compare launch commercial aggregator
Online SME insurance comparative quote facility Iprism has launched a white label service and announced its first client is insurance comparison website, Gocompare.com. Both parties claim the partnership marks the first time that a commercial insurance…
Reshuffle boost for Venture Preference
Venture Preference - Axa’s broker subsidiary - has announced its first four senior appointments since the purchase of Stuart Alexander, Layton Blackman and Smart and Cook.
Somerville to merge underwriting operations
Somerville has planned to merge its Oak HNW and Plum home underwriting operations in early 2008, subject to regulatory approval.
Assurant Solutions enhances Landlord’s Property Insurance
Assurant Solutions Intermediary, a specialist in the mortgage intermediary market delivering a range of general insurance products, has enhanced the pricing structure of its Landlord’s Property insurance cover.
Lehman brothers launches insurer risk financing tool
Global investment bank Lehman Brothers today announced that its subsidiary, Libero Ventures, has received authorisation from the Financial Services Authority and is to begin trading.
Cobra makes £4.3m broker acquisition
Cobra has today announced the £4.3m acquisition of UKI Holdings and its subsidiary, UK & Ireland Insurance Services, a Manchester-based general insurance brokerage specialising in commercial construction insurance.
Smart and Cook launches new brand for football tie-up
Broker Smart & Cook has joined forces with Premiership club Wigan Athletic to create a bespoke package of insurance services for fans. The deal with Wigan has been signed on a three year arrangement.
Direct Line adds to commercial portfolio
Direct Line has added two new products to its recently-launched commercial insurance portfolio.
Direct Line expands commercial offering
Direct Line has added two new products to its commercial insurance portfolio which it has recently launched.
BiB predicts underinsurance issue in farming sector
Farmers are being warned to check their crops insurance amid fears that recent increases in grain prices may leave them without enough cover.
DAS expands legal expenses offering
Legal expenses insurer DAS has announced plans to make personal fraud protection cover available to millions more people.
Endurance takes Converium CUO for Asia push
Bermudian (re)insurer Endurance has announced that Patrick Aeschbacher is to join Endurance Worldwide Reinsurance to develop reinsurance business in Asia and Australia.
Metcalf takes helm at Liberty Syndicates
Liberty Syndicate Management, part of U.S.-based insurer Liberty Mutual Group, has appointed Nick Metcalf as its new chief executive.
Lloyd's broker extends Scandinavian coverage
Lloyd’s broker Alwen Hough Johnson (AHJ), UK, has announced it has bought a 60% stake in Scandinavian (re)insurance broker Nilson Brokers Re.
Oval announces two further acquisitions
Oval has announced the acquitions of Sheffield-based Hart Owens and Devon-based Griffin Commercial Insurance Brokers.
New York regulator calls for collateral rule to be scrapped
New York State Insurance Department, insurance superintendent Eric Dinallo has proposed the abolition of rules forcing non-US domiciled reinsurers to post collateral equal to their liabilities. After a long faught campaign against the rules, it is hoped…
Greenwoods opens Manchester office
Greenwoods Solicitors has announced the opening of a new Manchester office at York House in Manchester on the 1st November 2007.
New chairman elected to the Joint Hull Committee
Simon Stonehouse, hull underwriter at Brit Insurance, has been elected chairman of the Joint Hull Committee, the body that represents the interests of the London underwriting community on marine hull issues.
London Market Reform Group appoints new head
Stephen Matanle, global placement leader at Marsh and chairman of the London Market Insurance Brokers’ Committee, is to become chairman of the London Market Reform Group.
Brit Insurance recruits team to lead its UK sales force
Brit Insurance today announced it had recruited a new team to head up its sales division.
Sants discusses FSA retail agenda
In a speech to the Association of Private Client Investment Managers and Stockbrokers conference, Hector Sants, chief executive of the Financial Services Authority, touched on key aspects of the regulator's agenda for the retail market, including: • The…