Insurer
Marsh: mixed signals for 2012 energy insurance market
Excess capacity and continuing competition among insurers means that buying conditions remain favourable for many energy firms in the final quarter of 2011, but a possible change could be on the horizon for 2012.
EDB extends Nissan affinity partnership
Bosses at Equity Direct Broking are celebrating the news that an existing affinity partnership with Nissan has been extended for a further three years, following a lengthy tender process.
France and Italy assess flood damage
Torrential rains have caused widespread flooding in France and Italy during the first week of November after a low pressure system that developed over the Mediterranean Sea moved northwards, bringing high levels of precipitation.
AIM hit with two senior resignations
Affinity Insurance Management boss Neil Revill has this morning confirmed he has left the underwriting agency with immediate effect.
Zurich defends “woeful” riot response
Zurich has responded to Labour MP for Tottenham, David Lammy, who told BBC Radio 5 Live yesterday that the response of insurance companies following the riots, particularly Zurich, was "woeful".
Only Young Drivers reveals 'aggressive' growth strategy
Only Young Drivers has today announced that it will be outsourcing its day-to-day administration to Direct Group in a move which is said to support the firm’s “aggressive growth plans”.
Insurer capacity creates good conditions for energy firms
Excess capacity and continuing competition among insurers means that buying conditions remain favourable for many energy firms in the final quarter of 2011.
UK General and LIM sign new deal for expenses cover
UK General Insurance has signed a deal with Legal Expenses Management to provide its legal expenses cover.
Axa PPP to underwrite PHC medical insurance products
Bosses at the Permanent Health Company and Axa PPP healthcare have today announced an underwriting agreement involving all PHC medical and dental insurance products.
New Zealand market in “state of transformation”
New Zealand’s non-life insurance market is in a state of transformation as it grapples with prolonged earthquake activity in addition to regulatory developments, a new special report from AM Best has found.
Aon Benfield unveils updated UK terrorism catastrophe model
Aon Benfield has updated its UK terrorism catastrophe model to simulate attacks on more than 2000 potential targets, including places of worship, financial centres, infrastructure, government and military locations.
Post Blog: An insurance business born out of the Prince's Trust
Recently the Prince's Trust Insurance Leadership Group celebrated breaking the £5m fund-raising barrier with a reception at the Chartered Insurance Institute.
Groupama boosts claims focus with internal appointment
Groupama has today announced the promotion of Darren Wills to the position of corporate claims director, as part of a renewed claims strategy focus.
Guernsey’s outlook “stable” despite global economic storms, says S&P
Ratings service Standard & Poor’s has reaffirmed its view of Guernsey’s financial and economic stability after giving the territory the highest rating possible against its newly revised technical scoring methodology.
Ferma lobbies Brazilian regulator on behalf of members
The Federation of European Risk Management Associations has sent a letter imploring the Brazilian insurance regulator SUSEP to limit the impact of regulations 225 and 232 on market capacity and security in the interest of business and insurance buyers.
AIB to challenge Quinn’s bankruptcy
Anglo Irish Bank is set to challenge Sean Quinn’s insolvency proceedings in Northern Ireland, according to the Irish Independent.
Zurich launches ‘5 point plan’ for extreme weather
Nearly two thirds of British businesses suffered disruption to their supply chain because of last winter’s bad weather.
Defaqto compares 66 caravan policies
Independent financial research company Defaqto has launched a new data set on the caravan insurance market within to help insurers compete in this niche sector.
Ace recruits from RSA in the Midlands
Ace has recruited RSA’s Steve Baker to its technical risks team as regional construction underwriter, responsible for developing the construction book of business in the Midlands and the South.
Zurich names group treasurer
Zurich Financial Services Group has appointed Colm Holmes as group treasurer, with immediate effect.
Zurich names Treasury boss
Zurich Financial Services has named Irishman Colm Holmes as group treasurer, with immediate effect. He succeeds Pierre Wauthier, who was appointed chief financial officer and member of the group executive committee from 1 October.
QBE strengthens UK surety business
Business insurer QBE has appointed Steve Manwaring as UK surety manager from Swedish bank Svenska Handelsbanken.
Generali in profit despite €329m Greek bond losses
Assicurazioni Generali reported net impairment losses of €824m in the first nine months of 2011, €329m of which was related to Greek bonds.