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Brokers must meet challenge of banks and direct market says Defaqto
Defaqto's first Insight Report into the SME Commercial insurance market warns brokers that they need to meet the challenge of Banks and Direct insurers.
Mapfre Q1 net profit up slightly
Spanish (re)insurer Mapfre said that first quarter net profit rose slightly to €287m, helped by strong gains in its international division.
Calling all footballers
Following the success of last year's sell-out Insurance Cup, The Prince's Trust is delighted to announce the tournament is back and will be bigger and better this year. Sponsored by Talbot Underwriting, and supported by insurancejobs.co.uk , 40 teams…
Airmic members worried over customer service disruption
The main worries for risk managers in relation to a possible flu pandemic relate to potential loss of staff and disruption to customer service, according to a survey of members of the Association of Insurance and Risk Managers.
Heath Lambert raids Bluefin to boost Manchester team
Heath Lambert has hired two former Bluefin directors to strengthen its expansion plans in the north west and nationally.
Windstorm Klaus may cost euros 1.5bn - Perils
Windstorm Klaus may cost insurers €1.5bn, insurance data provider Perils has said.
Validus urges IPC shareholders to flash 'golden ticket'
(BESTWIRE) Validus Holdings Ltd. is urging the shareholders of IPC Holdings Ltd. to vote with a gold proxy card, and reject Max Capital Group Ltd.'s proposed merger offer.
Brit latest UK insurer to benefit from favourable exchange rate
Brit Insurance this morning reported its gross written premium was up 40.5% to £557.4m for the three months ended 31 March 2009 (31 March 2008: £396.7m), an 18.5% increase at constant exchange rates. It also saw a 4.6% average premium rate increase on…
Swine flu scare at the FSA
An entire department of the Financial Services Authority has been asked to work from home after a colleague returned from the US with probable swine flu.
AIG sells Japanese building to Nippon Life
AIG has confirmed that it is to sell its Japanese headquarters to Japanese life insurance giant Nippon Life for $1.2bn.
Swine flu scare at the FSA
An entire department of the Financial Services Authority has been asked to work from home after a colleague returned from the US with probable swine flu.
Former Alliance boss launches new broker
The founder of Alliance Corporate Risk Management John McLaren-Stewart is to launch a new broker.
Loss Management Group completes jewellery claims acquisitions
Loss Management Group has acquired Guild Claims Service and The Guild of Valuers and Jewellers from accident management company Helphire Group.
Post Office announces new five year home and motor insurance partnership
Junction has entered into a new exclusive five-year contract with Post Office Financial Services to provide home and motor insurance.
Canopius FY pretax profits jumps 31%
Canopius, the Lloyd's (re)insurer, reported a 31% rise in pretax profits for the year to end-December 2008. Pretax profits grew to £43m from £33m in 2007.
Amlin swoops for Zurich property owners head and team
Amlin has expanded its UK property team with the arrival of a team of five underwriters from Zurich. Team leader David Hancock joins as leading class underwriter, property and package and reports into Amlin UK underwriting director, Brian Carpenter.
Amlin raids Aon for new risk chief
Amlin has appointed Alex Hindson as head of group risk reporting to group chief risk officer James Illingworth.
Axa's Paul Meehan raids Aviva for senior team member
Axa has appointed Darren Cornish to the role of head of claims experience.
Helphire disposes of business
Helphire has disposed of the business and assets of its wholly owned subsidiary company E-Register to Loss Management Group Limited ("LMG") for total cash consideration of £0.3m to be paid over a period of 12 months following completion. E-Register owns…
Ironshore brings in senior claims exec
Ironshore, the Bermudian (re)insurer, has said that it has appointed John Reusch as its senior vice president of property and casualty claims.
Hiscox sees rates rises in excess of 50%
Hiscox this morning reported premium income was up 51% to £486.5 million (2008: £321.3 million) for the first three months of 2009. At constant exchange rates year on year growth was 25%.
Berkshire Hathway stumbles to $1.53bn loss
Berkshire Hathaway stumbled to a $1.53bn loss in the first quarter of the year – a huge swing from the $940m it made in the first quarter of 2008.
Obama health insurance plan takes major step forward - reports
Barack Obama's plans for a US health insurance system for every American citizen took a major step forward today when health care industry leaders offered $2trn in spending reductions over the next decade to pay for a system, according to reports from…
Sesame Live events to outline opportunities for advisers
Sesame is embarking on a series of nationwide events to equip advisers with a toolkit of ideas to help them and their clients through the recession.