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QBE closes regional office

QBE today announced it will be relocating the motor fleet claims handling operations currently based in Middlesbrough to its operation at Coval Wells in Chelmsford. The Middlesbrough will close and the non-motor claims currently handled in Middlesbrough…

Rival bills for TRIA extension

In Washington two House and Senate panels have approved separate bills to extend federal guarantees to cover losses from terrorist attacks, pushing forward legislation that property owners and insurers call essential to the economy.

AM Best casts critical eye on Platinum ratings

AM Best has placed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of the reinsurance subsidiaries of Platinum Underwriters Holdings, (Bermuda) under review with negative implications. Concurrently, AM Best has…

Towergate acquires Marine & General

The Towergate Partnership has acquired Maidstone-based Marine & General, who currently manage a £1.2m portfolio of pleasure craft and related marine commercial covers. Towergate already has a presence in the craft and marine commercial sector, where they…

Moody’s rates Axis offering

Moody's Investors Service has assigned a Baa3 rating to the $200m Series B Preferred shares to be issued by AXIS Capital Holdings. The net proceeds from the offering are expected to be used for general corporate purposes. Additionally, Moody's has…

Amlin announces Bermuda team

Amlin has announced that the underwriting team for its new $1bn Amlin Bermuda operation will be headed by underwriting director, John Andrews.

Get your house in order

The Financial Services Authority looks set to crack down on the assessment of training and competence in the near future. This means it is time for brokers to make sure they are up to speed in these areas, claims Ian Jerrum

£1m broker buy fund opens

Premium Credit is launching a new operation, Broker Acquisition Finance, aimed at intermediaries see...

Around the world

With a portfolio accounting for one-quarter of the group's revenue, Royal and Sun Alliance's Simon Lee told Ralph Savage why the insurer is growing impatient with Indian politics

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