News
Biba and S&P launch insurer ratings service for members
The British Insurance Brokers’ Association has launched an Insurer Financial Strength Ratings service for members that will help them tell what rating the insurance companies they are using have achieved.
Aegis London promotes underwriters to fill lead roles
Aegis London has appointed David Croom-Johnson as active underwriter of Syndicate 1225. Mr Croom-Johnson will be supported by John Chambers who has been appointed deputy underwriter. The appointments are subject to Lloyd's approval.
Ironshore launches into D&O market
Ironshore is entering the professional liability sector with the launch of IronPro, under the direction of industry veteran Greg Flood as president. IronPro, based in New York, will initially focus on directors & officers liability insurance, with…
Homeserve shares fall 8.3% on D&G acquisition news
Homeserve's share price fell sharply in late trading today, after analysts poured cold water on its planned bid for insurer Domestic and General.
Younger generation take risks with cheap insurance products
The British Insurance Brokers’ Association (Biba) has published new research into consumers’ insurance purchasing habits, revealing a worrying trend amongst young people buying insurance.
Talbot's deputy head underwriter Redhead leaves for Bermudian property cat startup
Talbot has seen its first significant departure following the Lloyd's insurer's acquisition by Validus last week. In an announcement today, The D.E. Shaw group said Darren Redhead will be joining as the chief underwriting officer of D.E. Shaw Re Bermuda,…
Ryan Insurance wins product marketing award
Ryan Insurance Group has won the New Product or Service of the Year Award at this year’s Marketing Excellence Awards. The awards were organised by the Norfolk and Suffolk Chartered Institute of Marketing, in association with Archant.
PWS makes senior appointments
Broker PWS has appointed Colin Campbell as non-executive Chairman of PWS International and Tracey Hopkins has joined from Tyser & Co to become HR Director for the PWS Group.
Dual launches two new products in the Evolution Series
Dual Corporate Risks has announced the addition of two insurance products to its Dual Evolution series: Crime and Pension Trustee.
Dual Corporate Risks launches two new products in the DUAL Evolution Series
DUAL Corporate Risks has today announced the addition of two insurance products to its DUAL Evolution series: Crime and Pension Trustee.
Broker Lycetts unveils rebrand
Lycetts has today announced that its Algarve division, based in Surrey, is to be officially re-branded under the Lycetts Group of companies. Acquired by Lycetts in June 2005, Algarve is a general commercial broker who also specialise in arranging cover…
Ace Europe opens Czech and Hungarian offices
Ace Europe has announced the opening of two new offices in Budapest and Prague as the company further expands its presence within Central and Eastern Europe.
Brit Insurance launches new EDI home insurance product
Brit Insurance will soon be providing access to its Advantage Home Insurance product through Electronic Data Interchange (EDI) technology, exclusively via Software Solutions Partners (SSP)systems.
London market specialist appoints CEO
Sportscover Europe today announced Mr Matthew Riley as its new CEO. Mr Riley takes over from Mr Chris Nash who is now focusing on expanding Sportscover’s increasing interests in Europe.
Scottish Re looks for new CEOs
Life reinsurer Scottish Re has announced that the company has initiated a search for a chief executive to replace Paul Goldean, who took over after previous incumbent Scott E. Willkomm resigned at the end of July 2006 when a credit crunch forced the…
Hiscox hoping for PI business boost from Home Information Packs
Despite the uncertainty surrounding the introduction of Home Information Packs, Hiscox, has said that domestic energy assessors represent an important emerging professional indemnity market for the industry to tap into.
Homeserve enters talks to buy Domestic and General
Homeserve has confirmed that it approached warranty specialist Domestic and General with a view to enter takeover talks.
Hyperion investors dip in pockets again
Hyperion has raised a further £5.5m in new equity for business expansion, one of its leading investors said today. B.P. Marsh & Partners has participated in a £5.5m rights issue of Hyperion Insurance Group one of the Company’s investee companies.
CII ditches plans to award degrees
The Chartered Insurance Institute has decided to maintain its status as a professional qualifications awarding body and not to seek powers to confer degrees, following a 12-month review.
CCV acquires broker Marsh
Cullum Capital Ventures has announced its eleventh acquisition in as many months, bringing Middlesex–based Arthur Marsh & Son into the group.
LV completes £36m acquisition of Britannia Rescue
Friendly society LV has completed the purchase of Britannia Rescue from the Civil Service Motoring Association for £36m, following csma member approval.
Brokers must report fraud to auditors
Directors at insurance brokers risk ignoring the dangers from rising fraud, with many unaware of their legal responsibility to report fraud to their auditors, according to CLB Littlejohn Frazer.
Hiscox launch new insurance packages for charity, club and association trustees
Hiscox has launched two new insurance packages aimed at the trustees of charities, clubs and associations. Available from brokers, the Hiscox Charities Insurance Portfolio and the Hiscox Clubs and Associations Insurance Portfolio have been developed…
Repeat of 1927 flood could cost $160bn
The Great Mississippi Flood of 1927 - the largest flood disaster in US history - would cost up to $160bn in economic damages if it recurred today, according to risk analysts Risk Management Solutions (RMS).