News
Ren Re announces formation of Starbound II
RenaissanceRe has announced the formation and funding of Starbound II, a new Bermuda reinsurance com...
Benfield and Aon Re clash again for $2.4m
Reinsurance broker Benfield has filed for $2.4m in damages against rival broker Aon Re, over what it...
Amlin opens up shop in Singapore
International specialist (re)insurer Amlin is to open an office in Singapore after it was granted ap...
JLT claims Bermudian market leadership with buy
Jardine Lloyd Thompson (JLT) says it expects to place over $400m of premium in the Bermudian market ...
Brit hands brokers £50m authority for share buyback
Brit has granted its bankers the right to purchase up to £50m ($102.4m) worth of shares over the sum...
Gagging order issued amid Bermudian corruption probe
The highest court for Bermudian judicial matters, the Privy Council in London, has imposed a reporti...
Accountants welcome Solvency II directive
Accountancy firms have welcomed the publication of a draft directive by the European Commission outl...
Bahrain proposes rule overhaul for overseas insurers
The Central Bank of Bahrain (CBB) is proposing amendments to capital requirements for branches of fo...
Veggie insurance is nothing new
The vegetarian insurance option launched by Animal Friends Insurance on Monday is nothing new, COVER can reveal.
FSA hopes to ease complaints procedures
The Financial Services Authority is proposing to make it easier for firms to complete both the Complaints Return and the Retail Mediation Activities Return (RMAR) by simplifying and shortening them.
FSA aims to streamline regulatory returns
The Financial Services Authority (FSA) is proposing to make it easier for firms to complete both the Complaints Return and the Retail Mediation Activities Return (RMAR) by simplifying and shortening them.
Brit in Lloyd's first
Brit Insurance has become the first Lloyd's syndicate to sign up the services of Risk Stop.
Axa in brokers "can take time" storm
The Institute of Insurance Brokers has accused Axa of biting the hand that feeds it with a recent mailer which said going through a broker "can take time".
New SME healthcare offering from Standard Life
Private medical insurer Standard Life Healthcare has launched a private healthcare product for the small to medium-sized enterprise (SME) market.
Heritage develops Maltese venture
Heritage Insurance Management has announced the formation of Trinity Lane Insurance and Setanta Insurance in Malta.
Lloyds TSB Insurance latest company to outline flood loses
Lloyds TSB this morning said the profit before tax from its general insurance operations decreased by £55m, to £59 million, as a result of a £57m increase in weather related claims. The bank said £45m was related to severe flooding in the UK in June. Net…
RSA to launch Chinese operation
Royal & Sun Alliance has been granted approval from the China Insurance Regulatory Commission, to establish a subsidiary to transact non-life insurance in China.
Fleet managers must improve safety data
Fleet managers are being urged to improve the quality of their road safety data in order to draw effective lessons from benchmarking their levels of work-related road safety against other companies.
Zurich subsidiary outlines flood response
In response to the recent flooding across the UK, pleasurecraft insurers Zurich subsidiary Navigators & General is offering a free extension of cover which will allow flood victims to use their boats for residential use. The addition also extends…
Holmans sets up new arm
Lloyd’s broker John Holman and Sons is creating a new division to handle all of its binding authority business.
Oxygen appoints trio for financial lines PI
Oxygen Insurance Brokers has recruited three professional indemnity specialists as part of its strategy to grow its financial lines business.
RMS: Summer floods to cost up to £3.25bn
The June and July floods that gripped parts of the U.K. could cost insurers between £2.25 billion and £3.25 billion in total, according to latest estimates by Risk Management Solutions.
Exec promotions at direct commercial
Motor fleet specialist Direct Commercial has announced the promotion of three key personnel to senior positions, led by Bob Crothers who has been made managing director.
PXRE merger with Argonaut approved
PXRE shareholders have voted to approve the issuance of common shares of PXRE as contemplated by the previously announced plan to merge with Argonaut Group.