News
Cashman leaves Cooper Gay & Cashman
Michael Cashman, the chief executive of Cooper Gay & Cashman, is leaving the company.
Broker doubles limit
RIAS, the over 50s specialist insurance provider, has increased its sum insured limit for buildings insurance from £400 000 to £1m. The increased limit will be provided free of charge from 1st August to all existing and new RIAS home insurance customers.
Aon predicts new PI entrants
New entrants in the solictors' professional indemnity market could make their mark on the 1 October renewals a leading broker has predicted.
Premierline Direct planning UK expansion drive
Broker Premierline Direct, has declared aggressive plans for expansion in the UK SME market.
Fitch issues rating for SCOR’s subordinated debt issue
Fitch Ratings has assigned SCOR's proposed undated deeply subordinated debt issue an expected Long-term 'BBB-' (BBB minus) rating. The amount issued is expected to be of around €350m. SCOR is the mother company of the SCOR group.
ABI joins London Mayor on climate change report
The Mayor of London was today joined by Jane Milne from the Association of British Insurers, a member of the London Climate Change Partnership, to launch a report examining how other world cities are adapting to climate change and which makes…
DAS cheers legal reform as profits roll in
DAS UK Holdings, the parent company of DAS Legal Expenses has announced a record profit before tax of £12.1 million (2004 restated £4.9 million). £8.9 million of profit arose in respect of changes to the design of the defined benefits pension scheme.
Fitch affirms Everest Re ratings
Fitch Ratings has affirmed all ratings related to Everest Re Group, including the 'A+' Issuer Default Rating (IDR) and 'A' senior debt rating of intermediate holding company, Everest Reinsurance Holdings, (Everest Holdings), the 'A-' trust preferred…
Heritage reports float details
The board of Heritage Underwriting Agency has officially announced its intention to float on AIM.
Chubb in Irish launch
Chubb Europe has launched its luxury motor insurance product, Masterpiece Motor, into Ireland.
Guy Carp hails resilient Lloyd’s market
Guy Carpenter has praised the strength, stability and adaptability of Lloyd’s in its fourth annual report on the (re)insurance market.
Southern China hit by Bilis
At least 150 people are now known to have died in southern China from tropical storm Bilis.
Broker restructures after doubling staff and business
Michael Pavey Holdings has announced a retsructuring after establishing five offices and doubling its to over 50. It now claims to be one of the top three insurance brokerages in the South West.
Aon claims number one spot with acquisition
Aon Czech Republic has acquired Stach Group, the fourth largest insurance broker in Czech Republic and Slovak Republic. The new organisation - which it claims is now largest insurance brokerage and risk management company both locally and in the Slovak…
East Anglian broker buy boosts business
The general insurance services of Mansbook Brosche has been transferred to Norwich and Peterborough Insurance Brokers, the general insurance broking arm of the Building Society.
Towergate strikes major deal
Consolidator Towergate today announced is moving 800 users onto Sirius 21 to centralise its IT under a fully hosted deployment managed by Sirius.
Aon stresses importance of D&O cover prior to Rosneft flotation
Rosneft’s planned flotation on the London and Moscow markets has highlighted a number of risks company directors should be aware of, according to a senior director at Aon
Groupama adds to its distribution team
Groupama Healthcare has appointed Pete West as Key Account Manager for the Southern region. He will be responsible for Groupama Healthcare’s intermediary relationships across the South of the UK
Zurich reviews products ahead of sector push
Zurich claims to have enhanced its charities and voluntary organisations proposition after a review. The sector is led by head of charities and voluntary sector, Paul Emery.
Norwich Union backs rule change
Motor insurer Norwich Union has welcomed a new rule governing vehicle child and baby seats, which is set to come into force this September.
Highway launches new network
Motor insurer Highway has launched its own dedicated repairer network for private vehicles. The network will work alongside its existing in-house claims service.
Fitch affirms Aviva ratings
Fitch Ratings has affirmed the Insurer Financial Strength ratings of Aviva's main UK life insurance operating subsidiaries at 'AA'.
Best affirms Africa Re
AM Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of African Reinsurance Corporation (Nigeria). The outlook for both ratings has been revised to stable from negative.
Aon extends Dennis Mahoney’s contract
Aon has extended the personal employment contract of Dennis Mahoney, the chairman and chief executive officer of its UK arm, to 2015.