News
Abta warns of underinsurance risk following travel review
More consumers will travel abroad without travel insurance if the travel industry is regulated by the FSA, argues Abta in its submission to the Treasury’s review on the sale of travel insurance, which is looking into how travel insurance is regulated …
Groupama appoints proposition development manager
Groupama Insurances has appointed Shelley Wright to the role of Proposition Development Manager with a specific focus on the Group’s commercial business propositions.
RSA given provisional greenlight over US disposal
Royal and Sun Alliance Insurance has been advised that the Delaware Insurance Commissioner has given conditional approval of the disposal of R&SA's US operation to Arrowpoint Capital Corp.
CDL launches SMS aggregator
Insurance software house, CDL, has launched the UK’s first SMS aggregator service, via TEXTCHECK, the mobile phone based vehicle health check service launched by CDL and Onesoon last year.
Landlords offered satellite TV insurance
Pub landlords are being offered a bespoke insurance policy to cover themselves in the event of prosecution by their satellite television supplier.
Development hire at Sterling
Sterling Insurance Group has appointed James Guthrie as senior development manager within its household division. Mr Guthrie will be responsible for managing client relationships including developing high net worth opportunities via different…
Plan hatched for state-wide Cat fund
High-level talks are being held in the US to decide if there is a case for building a multi-state catastrophe fund.
IPC results beat expectations
Bermiudian reinsurer IPC Re has announced net income for 2006 of $394.6m, beating analysts’ expectations.
Ace appoints two aviation underwriters
ACE Global Markets has announced the appointment of two new underwriters in its aviation department - Mark Adams has been appointed senior underwriter and Richard Bayman as underwriter.
Broker claims market leading position after acquisition
J & M Insurance has acquired High Wycombe based taxi broker Sunrise Insurance.
Beazley adds three to A&E team
Beazley Group has further strengthened its Architects & Engineers (A&E) professional liability team with the addition of three highly experienced claims managers, reinforcing the company’s presence within the U.S. market and recognizing the critical…
CII – Equity release certificate gains QCA approval
A new Certificate in Equity Release from the Chartered Insurance Institute has been accredited by the examinations regulator the Qualifications & Curriculum Authority (QCA).
ABI unveils Kyrill costs
Last months storms and high winds - Storm Kyrill - which hit much of the UK cost insurers £350m the Association of British Insurers said today. Claims were from damage caused to homes, businesses and vehicles.
John Wagstaff retires from IFB
John Wagstaff has retired from his position as a Case Manager with the Insurance Fraud Bureau after 26 years of service to the insurance industry.
Groupama wins fraud case
Groupama Insurances has achieved a significant success in a recent legal case that uncovered evidence of co-ordinated fraud.
Mississippi will not do a Florida, says governor
A proposal by the attorney general of Mississippi to force insurers to continue writing property cover has been snubbed by the state governor.
NIG recruits new boss
Michael Rea has been appointed to the newly created role of Director of NIG, the broker-only insurer.
Scorverium deal stacks up, says analyst
In a note to investors, analyst William Hawkins at Keefe Bruyette and Woods (KBW) has described the possible tie-up of European reinsurers Scor and Converium as being earnings accretive and demonstrating good industrial logic.
Budget creates 600 jobs with new office
Personal lines broking giant Budget Group has opened an additional contact centre in Peterlee creating 600 jobs
GAB Robins appoints regional field quality manager
Loss adjuster GAB Robins has named Chester Studzinski as field quality manager for Scotland and Northern Ireland.
CBG hires new stock broker ahead of 06 results
CBG, the Manchester based insurance broker, financial adviser and healthcare specialist, will announce its preliminary results for the year ended 31 December 2006 on 5 March 2007 and is pleased to advise that it is delighted with the performance of the…
Scor discloses a 32.9% stake in Converium as bid battle hots up
French reinsurer Scor has announced that it has acquired 32.9% of the share capital of Swiss reinsurer Converium.
Arista to use HSB capacity for equipment breakdown
The commercial lines underwriting organisation Arista has announced an arrangement with HSB Engineering Insurance part of the HSB Group the world’s leading engineering insurer, to provide equipment breakdown cover.
Novae in D A Constable and Ace swoop
London market insurer Novae has hired two new underwriters to write a new international liability book.