News
AMG opens new office
AMG has recently opened a new state-of-the-art regional office just outside Cannock to accommodate its expansion in the midlands.
Angel Underwriting in strategic alliance with Catlin UK
Directors’ & Officers’ (D&O) specialist, Angel Underwriting has announced that it will be providing D&O and professional indemnity (PI) liability cover through Catlin Insurance Company (UK).
Arista adds Trades and Professionals to portfolio
Commercial lines underwriting organisation Arista has launched a policy to cover tradesmen and professionals, designed for businesses that generally do not have premises, typically home-based tradesmen or professionals.
Groupama promotes two for regions push
Groupama Insurances has created two new regional business development manager positions to focus on the growing number of relationships with provincial intermediaries operating nationwide.
Burniston leaves Illium
Denis Burniston has left his position of active underwriter at Illium.
Cost of California wildfire exceeds $100m
A wildfire that tore through El Dorado County, California, has cost insurers up to $150m, according to Risk Management Solutions (RMS).
Flagstone gears up with $100m debt sale
Bermudian reinsurer Flagstone Re has announced that it has raised $100m through two private sales of junior subordinated deferrable interest debentures.
THB hires four from Heath
Thompson Heath and Bond has hired a new wholesale team from Heath Lambert. The team includes Graham Lawrenson, Andy Wigg, Barry Jones and Jim Quinton.
LIU appoints regional PI underwriter
Liberty International Underwriters has appointed Sean Gilborson as regional underwriter for professional indemnity at its Bristol office.
Arista launches home-based tradesmen cover
Arista launched a policy to cover tradesmen and professionals, designed for businesses that generally do not have premises, typically home-based tradesmen or professionals.
New rules on electrical waste products imposed
Waste Electrical and Electronic Equipment Regulations came into effect on 1 July, with new legal obligations on the electrical industry to ensure proper disposal of goods, in a bid to reduce their environmental impact.
Policyfast adds breakdown cover
Policyfast, the web based wholesaling intermediary has added the option of RAC breakdown cover to its quotations.
ABI predits £1bn losses from flood claims
The Association of British Insurers has given a bleak assessment of claims resulting from recent flooding, doubling RMS' estimate yesterday with a prediction of £1bn in liabilities. In a statement issued today, the ABI said insurers are working round the…
AIG yacht product hopes to eliminate gaps in EL cover
AIG's Private Client Group has announced the launch of its new yacht product for the high net worth market. The insurer said it is the first of its kind to automatically offer employers’ liability coverage for all crew members, helping to eliminate any…
Heritage hires Aaron for global liability account
Heritage Underwriting Agency has appointed Mark Aaron as international general liability underwriter with immediate effect.
Brokers brand FSA proposals as unfair
The British Insurance Brokers’ Association has roundly criticised the Financial Services Authority’s consultation paper proposing amendments to its Insurance Conduct of Business rules.
Management reshuffle at Ace Europe
Ace European Group has today announced some changes to its Continental European country management with immediate effect.
Moneysupermarket float plans announced
Moneysupermarket.com has officially annonced its intention to float on the London Stock Exchange.
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 claims is unpaid brokerage relating to proportional reinsurance treaties for the St Paul that Aon Re took over from Benfield.
FSA reform rules on general insurance
The Financial Services Authority is proposing to "radically reform" the rules firms need to follow in carrying out general insurance business with their customers. The regulator has put its plans out to consultation and said a differentiated approach to…
Brit hands brokers £50m authority for share buyback
Brit Insurance has granted its bankers the right to purchase up to £50m worth of shares over the summer, while the insurer is in its closed period. Citigroup Global Market U.K. Equity and Numis Securities will buy up ordinary shares of Brit Insurance…
US insurance lawyer in aggressive NY & London move
Nelson Levine de Luca & Horst, a US law firm serving the insurance industry, has acquired the New York office of Querrey & Harrow, expanding its existing New York presence and its London market practice.
30 jobs transferred as RSA outsources subsidence claims
Royal & SunAlliance has outsourced claims handling for subsidence to InFront Innovation and Crawfords.
Suspected London bomb closes Reinsurance Magazine offices
A suspected car bomb was discovered in the small hours of this morning in the street where Reinsurance Magazine's offices are located, in the heart of London's theatre district.