W. R. Berkley Corporation announced that the U.K. Financial Services Authority (FSA) and Lloyd’s of London have approved W.R. Berkley Syndicate Management Limited’s assumption of the management of W.R. Berkley Syndicate 1967, effective June first. It replaces the “turnkey” syndicate …
The UK’s RSA announced that it has re-organized its specialty businesses around the world into three key divisions, as it seeks to join up brokers and customers who are seeking global expertise and capacity. As of June first, all RSA …
Insurance Australia Group’s Managing Director and CEO Mike Wilkins has indicated that it is an “appropriate time to assess the options for the UK business, given the improvement in its performance and the current UK economic conditions.” IAG reported that …
“The victims of the UK’s metal theft crime wave are now being paid out over £1 million [$1.58 million] every week by insurers,” according to the Association of British Insurers. Thieves are making off with everything from “train cables to …
London-based Lloyd’s broker Cooper Gay & Co Ltd, the UK half of Cooper Gay Swett & Crawford (CGSC], announced that Peter Dalton has been appointed Head of Risk Management, with immediate effect. Dalton started his insurance career in 1987. He …
UK-based Aqua Underwriting announced the launch of a range of niche commercial combined products exclusively for brokers, building on its success with high net worth (HNW) products in the personal lines market. Aqua said its “first commercial products and schemes …
“Broker only” commercial underwriting specialist Evolution Underwriting announced that it has “entered into an exclusive underwriting and distribution partnership with the Beazley Group. Under the terms of the deal Evolution has been appointed to manage and develop Beazley’s professional indemnity …
Arthur J. Gallagher & Co. announced that it has acquired a 78.5 percent interest in Insurance Dialogue Limited (IDL) of Bournemouth, England. Terms of the transaction were not disclosed. Gallagher explained that IDL, trading under the brand Insure4Retirement, “is a …
The UK is seeking to persuade fellow European Union members to postpone by up to six months a ban on providing insurance for tankers carrying Iranian oil, arguing that it could lead to a damaging spike in oil prices, European …
