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Property

L&G wins new GI deal

Legal & General has been appointed to the insurer panel at Pink Home Loans and BDS Mortgage Group to provide general insurance products.

Bowring Marsh opens Tokyo office

Bowring Marsh, the specialist international placement broker at Marsh, has expanded its footprint in Asia with the opening in Tokyo of its eighth office.

New data hub promises level playing field for insurers

Non-direct motor insurers and brokers will soon be able to compete head on with their direct counterparts, following the launch of a new data bureau that will validate claims, credit and vehicle data at the point of sale, according to its founding…

One Answer Network extends deal in growth drive

One Answer Network has entered into a long term contract with insurance sector software specialist Cheshire Data Systems to both expand and extend its licence purchasing agreement, as part of its business growth plans.

Open GI gets Aviva green light

Open GI has become the latest technology firm to integrate its motor quote engine with Aviva’s web-based rating engine in order to provide more competitive, real-time rates to brokers.

One Call strikes Malta deal

Doncaster-based broker One Call insurance has become the latest intermediary to set up its own risk carrying captive insurer, Post has learnt.

RSA "ahead of curve" with cuts

RSA UK chief executive Adrian Brown has said the insurer's swingeing job cuts last year meant it was "ahead of the curve" in responding to the tough economic conditions.

XL boss bemoans 'heavy' Q1 catastrophe claims hit

XL Capital's property & casualty business's combined ratio slipped to 100.5% (Q1 2009: 92.1%) following what chief executive Mike McGavick described as "one of the heaviest levels of first quarter catastrophe activity in history".

Munich Re Q1 profits rise

Munich Re has reported a quarterly profit of €485m up from €437m in Q1 2009 due to large gains from the disposal of investments but natural catastrophe costs “unusually high.”

Axa UK motor book grows 31%

Axa has reported that property & casualty revenues were stable at $9.24bn (£7.83bn) compared to the first quarter of 2009 ($9.1bn).

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