News
Rainbow International appoints David Marshall
Disaster restoration specialist Rainbow International has appointed David Marshall, left, as commerc...
Zurich conitnues Commercial/Municipal convergence
Zurich has announced the structure of its Commercial and Municipal market management team following the convergence of the two businesses this year.
QBE produces £200m profit in first half
QBE Insurance Group today announced a record profit after tax of AUS$491m (£207m) for the half year to 30 June 2005, an increase of 43% on the profit after tax of AUS$343 million for the same period last year. Profit before tax was up 57% to AUS$675…
CMGL appoints ex-Marsh risk manager
Claims Management Group has appointed Andrew McNamee as client services manager. Mr McNamee will be responsible for the management of claims management programmes for CMGL’s multinational clients and the development and implementation of new corporate…
Westinsure broker celebrates winning National Trust account
South-west broker Michael Pavey Westinsure has signed a three-year agreement to handle the insurance requirements of the National Trust.
White Rock launches new terrorism cover option
White Rock has announced the formation of White Rock Insurance (Europe) PCC in order to provide corporate insurance buyers with more flexibility and choice around their purchase of terrorism cover.
D&D seals Prestbury deal
General insurance provider D&D Homecare has agreed terms with Prestbury Financial to provide its partners with Mortgage and Payment Protection Insurance.
Terrorism insurance solution launched
White Rock, the Aon-owned provider of protected cell companies (PCCs), has formed White Rock Insurance (Europe) PCC to provide corporate insurance buyers with more flexibility and choice around their purchase of terrorism cover.
Lloyd's subpoenaed over finite reinsurance
Lloyd’s has confirmed it has received two requests for information from the US Securities and Exchanges Commission and the United States Attorney’s Office.
Hiscox appoints PI Direct for claims
Hiscox Insurance has appointed PI Direct to undertake claims handling and litigation on a proportion of its book.
QBE acquires UK underwriter
QBE has acquired MBP Holdings, holding company of UK underwriting agency Minibus Plus, subject to regulatory approval.
Japan hit by tremor
A magnitude 7.2 earthquake has hit northeastern Japan, triggering minor tsunamis along the country's Pacific coast, collapsing buildings, knocking out power and shaking skyscrapers in Tokyo, more than 300km away. At least 36 people have been injured.
NU hits back in jobs row
Norwich Union has defended its role in the axing of a further 345 jobs.
UK-based actuary opens in India, South Korea to follow
EMB, the UK-based actuarial consultancy, has opened an office near New Delhi in the latest phase of its international expansion. The new operation’s managing director is Vikas Newatia.
Fomer Benfield chief Spiller appointed president at Guy Carp
Guy Carpenter has appointed David Spiller as its new President, effective January 1, 2006.
Benstead joins CNA
CNA Insurance Company has appointed Chris Benstead to its London team as development underwriter, property.
Quotemac adds claims module to underwriting software
QuoteMac, the on-line SME underwriting system used by over 1,000 brokers, has been upgraded by its creators, Anglo Pacific Consultants, to add a new claims module.
Marsh makes Glasgow move
Marsh has promoted Audrey Corfield to the role of sales and service leader of its corporate client practice in the Glasgow office.
NU updates risk management advice for farmers
Norwich Union has supported the Health and Safety Executive in producing an updated version of Farmwise: Your essential guide to health and safety in agriculture.
Atlantic storm forecasts keep on rising
Tropical Storm Risk (TSR), has increased its forecast for Atlantic basin hurricane activity in 2005 by a further 30%. The forecast calls for record-breaking activity levels at sea, and for the number of storms hitting the US to be above-average to high…
Willis Group gets China licence back
Willis Group has confirmed that the earlier suspension of the license of its Guangzhou, China, branch office to accept new business has now been lifted.
Hannover Re records first half 2005 profit
Hannover Re posted an operating profit of €347.8m for the first half of 2005, down slightly on the €375m that it made over the same period of 2004.
Aviva upbeat after results
Aviva this morning reported that its general insurance operation reported an operating profit of £694m (2004: £583 million) for the six months to 31 June.
CIS teams up with NU
Co-operative Insurance Society (CIS), part of Co-operative Financial Services (CFS), has signed a heads of agreement with Norwich Union (NU) to strengthen their distribution capabilities.