Commercial
Train crashes in Italy killing at least six
A train has derailed in northern Italy, killing at least six people and injuring 20 others, according to media reports.
XL targets Irish mid-market
XL Insurance has launched a Dublin-based underwriting operation for middle market casualty business.
Biba clarifies members' position over limitation of liability
The British Insurance Brokers’ Association has launched a new publication to provide clarification to brokers on the issue of limitation of liability when advising clients.
ABI: trade credit claims up 95% in 2009
Latest figures from the Association of British Insurers show that trade credit insurance helped UK businesses by dealing with 22 791 claims in 2009.
Overall Xynthia loss put at Euros 1.28bn
Perils AG today disclosed its initial loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.
Overall Xynthia loss put at Euros 1.28bn
Perils AG today disclosed its initial loss estimate for Windstorm Xynthia, which occurred at the end of February 2010.
HSBC duo joins Lonmar Global Risks
Lonmar Global Risks has revealed David Gray and Simon Henderson will be joining the company from HSBC Insurance Brokers to lead the accident and health division, within the non-marine business.
Commons paves way for Flood Bill to be passed
The House of Commons agreed on 25 ammendments to the Flood and Water Management Bill yesterday, paving the way for it to be passed for the dissolution of Parliament on Monday.
APC continues growth drive with ex-NIG hire
Ex-NIG senior underwriter, Chris Page, has been hired in the same role at APC.
HCC readies for upturn in M&A activity with new launch
HCC Global Financial Products has launched a new line of business focusing on mergers and acquisitions’ transaction risk insurance; covering warranty & indemnity, tax indemnity, and contingent risk transfer insurance.
Gallagher and Zenith in merger
Caribbean insurance broker CGM Gallagher Group has merged its commercial insurance broking portfolio with that of Zenith Insurance Brokers.
HCC readies for upturn in M&A activity with new launch
HCC Global Financial Products has launched a new line of business focusing on mergers and acquisitions’ transaction risk insurance; covering warranty & indemnity, tax indemnity, and contingent risk transfer insurance.
CNA Europe mulls Lloyd's potential
CNA Europe has not discounted a return to Lloyd's, a decade after its US parent sold its managing general agent to Chaucer, Post has learnt.
Ace boosts trade credit team
Specialty insurer Ace Global Markets has made five appointments to its trade credit teams in London and New York.
Myners scraps Class Action plan in rush to get Financial Services Bill through
The Government has dropped its controversial plans in the Financial Services Bill to allow class actions against financial institutions.
Beazley latest Lloyd's insurer to give first quarter nat cat estimates
Beazley today announced its estimated net losses arising from the earthquake in Chile over the weekend of 27 to 28 February 2010 to be in the range of $55m to $75m.
AIG CEO confident successor can come from within its ranks
Robert Benmosche, AIG's second chief executive since its government bailout, expects to be at the insurer for up to two more years, according to Bloomberg News.
AIG CEO confident successor can come from within its ranks
Robert Benmosche, AIG's second chief executive since its government bailout, expects to be at the insurer for up to two more years, according to Bloomberg News.
Torus enters UK financial lines with new underwriting agency
Torus UK has entered into the financial lines marketplace in London through a newly formed underwriting agency Torus Executive Risks.
Looking Back - Government pulls plug on EL pilot
Insurers' battle to cut employers' liability claims costs hit another snag this week after the government finally pulled the plug on its fast-track pilot.
From Facebook to sales book
As social media begins to shake off the stigma of being little more than a means to wile away time, Amy Ellis investigates whether, as some predict, 2010 will be the year this new medium becomes a quantifiable marketing tool.
Comment - ELIB: How much of a liability?
Phil Bird considers the controversial proposal to establish an employee compensation fund of last resort and questions the validity of some of the objections to it.
Growth plan at Brightside
Brightside has targeted 20% growth in 2010 after posting a record revenue of £44.7m for 2009. Overall revenue increased by 35% (2008: £33.2m).
Homer defiant over "negative" outlook
Towergate chief executive Andy Homer has refuted rating agency Moody's claim that its short-term outlook is 'negative', insisting it will not sell off parts of the business to cut debt.