News
Norwich Union to join brokersure.co.uk panel
Brokersure.co.uk has announced that Norwich Union is to join its 22 strong motor panel.
NU & Zurich swoop on Irish motor business
Following a strategic review of its general insurance business, Bank of Ireland Insurance Services Limited trading as Premier Direct Insurance has entered into conditional agreements with Norwich Union subsidiary Hibernian General Insurance and Zurich's…
Bermuda market 'risk capital' say industry leaders
The future of Bermuda as a provider of alternative risk solutions for risk managers is assured according to Paul Markey chairman, Aon, Bermuda. Speaking at the Risk and insurance management society event in San Diego he said that the island’s insurance…
AM Best leaves Partner Re rating unchanged
AM Best has announced that the financial strength rating of Bermuda-based Partner Re has been affirmed at A+ (superior).
EU looks at reinsurance directive
The European Commission has put forward a draft directive on reinsurance.
Price Forbes forms Bermuda operation
Price Forbes has announced the formation of a company in Bermuda.
Iraq turmoil sparks rising insurance costs
The continued unrest in Iraq is leading to rising insurance costs and risks for companies operating there, according to international specialist risks company Ake.
HBOS to roll out Digilog fraud system for household claims
HBOS General Insurance this week confirmed plans to roll out the use of voice risk analysis (VRA) software on its home insurance claims.
Axa launches new fleet facility for Countrywide brokers
Axa is now offering Countrywide members dealing with the spirit unit in Bolton an exclusive new option to convert No Claims Discount (NCD) rated business onto their fleet contract.
Union lawyers attack no win no fee firms
Trade union lawyers Thompsons and print union GPMU have attacked no win no fee personal injury claims management firms for conning people into agreements that can cost them more than the compensation they receive.
Tria causing concern for risk managers
Attendees at the Risk and insurance management society (Rims) event in San Diego are calling for increased awareness about what will happen if the Terrorism Risk Insurance Act (Tria) expires as planned on December 31, 2005. There is a feeling that the US…
Aon and Atradius team up for SME credit policy
Global credit insurer, Atradius, has just announced a partnership deal with Aon Receivables Management Services - one of the largest specialist credit brokers - to provide a credit insurance policy for SMEs.
XL Capital enters US primary casualty risk management market
XL Capital has launched a primary casualty risk management division for the US market. It has also launched an excess workers compensation division to provide statutory catastrophic protection to qualified self-insureds.
Aon subsidiary in German merger
Aon Group subsidiary Aon Jauch & Hübener Insurance Brokers have acquired the shares of Assekuranz Treuhand Stuttgart (ATS), as well as its subsidiary ATS Risk.
UK businesses pay over £1bn in damages in 2003
UK businesses suffered losses in excess of £1.1bn last year as a result of fire, theft, business interruption and weather damage to their premises, according to new statistics published by the Association of British Insurers (ABI)and analysed by Grant…
James takes over at Allianz Life Malaysia
Chris James has been appointed chief executive of Allianz Life Insurance Malaysia Berhard.
Airmic establishes rail industry interest group
A new railway industry special interest group is being set up by the Association of Insurance and Risk Managers, chaired by Malcolm Lambert of London Underground.
ABI and FSA voice concerns over EU gender directive
The Association of British Insurers has called Callum McCarthy's speech today on the draft European Union directive on gender a 'highly significant' intervention in the debate.
Personal lines rates flat for fourth quarter running
Insurance premiums for both motor and home remained flat for the fourth quarter in succession, according to the latest British Insurance Premium Index from the AA.
S&P changes reinsurance reserves criteria
Standard & Poor’s (S&P) has announced that it has enhanced its criteria for evaluating the loss reserves of global reinsurance groups writing casualty business.
Aon reports reduction in US commercial property insurance premiums
A combination of improved investment returns for insurers and increased capacity, together with a significant absence of man-made or natural catastrophic losses in 2003, has resulted in an average reduction in premiums of 10% for buyers of US commercial…
Opus Health and Safety awarded Welsh museum contract
Leading Wales-based consultancy, Opus Health and Safety, has been awarded a three year contract to provide health and safety support to the National Museums & Galleries of Wales.
Layton Blackham Partnership reveals possible sale
Broker network the Layton Blackham Partnership has revealed that negotiations are underway for the sale of a book of business to its new company, Chambers and Newman.
Oval acquires Bland Bankart
Oval today announced that it has acquired Bland Bankart, the Leicester based insurance broker, for a mixture of cash and Oval shares.