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DFA, Milliman launch new risk model
DFA Capital Management, the enterprise risk management (ERM) software provider and consultants Milliman have launched a solution for economic capital modeling - aimed at property and casualty insurers.
ARC: UK run off sector in decline as Continental Europe interest rises
The downwards trend in UK run-off liabilities continued as total liabilities of the UK non-life run-off market fell to an estimated from £28.3bn at the end of 2007 from £32.7bn at the end of 2006, according to research released today.
Consulant claims capital model first
ARC, the UK trade body for legacy management professionals, and global consulting firm, Watson Wyatt, today launched "Simulum 3" at the 2009 ARC Congress.
AA unveils new 'value' caravan product
AA Insurance has launched a new 'value' caravan insurance policy, for caravans worth up to £10,000.
More Australian wildfires rage
A new series of fires have broken out in the Australian state of Victoria, fuelled by hot dry conditions and northerly winds, modelling agency RMS has said.
JLT releases toolkit for insurers negotiating D&O renewals
Jardine Lloyd Thompson (JLT) has launched A Ten Step Toolkit for D&O renewals: prepare early for a trouble free D&O renewal , to help companies tackle directors' and officers' liability (D&O) renewals most effectively.
Health Assured offers new EAP product range
Health Assured, a new health services provider, launched a product range to help British corporations offer improved benefits to their employees and save money in the current economy.
Close Brothers appoints new chief executive
Close Brothers Group, the parent company of premium finance provider Close Premium Finance has appointed Preben Prebensen as its new chief executive. Mr Prebensen joins the company from Catlin Group where he left the company well placed in its markets…
Equity Red Star establishes Bristol presence
Equity Red Star is further expanding its regional presence with the opening of a new office in Bristol.
Cunningham Lindsey launches apprenticeship scheme
Cunningham Lindsey UK is investing in the training and development of its staff with the launch of two apprenticeship schemes.
Australia fire claims mount
(BESTWIRE) - This month's Victoria bushfires and north Queensland flooding contributed heavily to mounting claims costs of Australian insurers, with estimated claims of A$500m (US$323.7m) for the bushfires and A$150m for the flooding.
NIG responds to downturn with motor trade product
A product for motor traders designed to support brokers operating in the medium-sized motor trade sector has been launched by NIG.
Groupama record pre-tax profits of £18.5m
Groupama Insurances said that although the policy count remained relatively static, revenues at the insurer lifted 6% to £432.6m (2007: £408.7m), reflecting an improving rating environment in personal lines during 2008 with prices rising consistently in…
Plum launches MNW product
Plum Underwriting has launched Plum Elite a mid net worth (MNW) product, exclusively for the UK broker market. It has also developed and re-launched its non-standard household product, Plum Flex.
Swiss Re says no current plans to conduct rights issue
Swiss Re, the embattled reinsurance giant, said that there were no plans at present to conduct a rights issue.
Beazley and Plum launch MNW product
Beazley is underwriting a new mid-net-worth home insurance product that has been launched by underwriting agency Plum Underwriting to target the UK broker market.
Loss adjuster swoops for Zurich duo
Teceris Liability Services, the recently launched specialist liability arm of Teceris has appointed two new adjusters, Ian Pearson and Chris Ascough, both formerly of Zurich Insurance.
Axa UK reports 36% rise in GI profit to £244m
Axa UK has reported general and healthcare insurance revenues improved by 2% from £3.49bn in 2007 to £3.545bn in 2008. The insurance giant added that whilst there has been a hardening of premium rates in some sectors, competitive conditions in many…
Charitable Open GI staff praised for record-breaking donation to hospice
Charitable staff at Open GI have been jumping out of planes, raffling and baking cakes to raise mone...
Appointment at Lockton
Paul Denny has joined Lockton Manchester as a partner. Mr Denny, previously national sales directo...
What the papers said this week
The Sun A comical insurance form has been leaked on the internet, calling a compensation-seeking ...
Survey says ..
Underwriting fraud is inflating motor claims costs - that was the message of delegates at the event,...
Advice for corporate
Jersey-based marketing company Adding 1 has launched an online resource for broker members to help t...
Driving databases join forces
The Motor Insurers' Bureau and insurance industry should invest in an advertising campaign to persua...