A.M. Best Europe ā Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the main UK operating subsidiaries of the UK’s RSA Insurance Group plc. Best also withdrew …
Global specialty insurer Torus announced that Tim Harris will be joining the company as Group Chief Financial Officer, subject to regulatory approval. He has more than 20 years’ experience in financial and capital management, and will also be appointed to …
The UK’s Miller, a London-based specialist insurance and reinsurance broker, announced that it has appointed James Cunningham and Ewan Wauchope to bolster the broker’s political risk, trade credit and political violence capabilities. Cunningham joins Miller from Marsh. He has 20 …
Willis Group Holdings announced that ten new members have joined its network, Willis N2 – an alliance with local, independent insurance brokers in the UK. The ten new members, which take the total Willis NĀ² membership to 34, were listed …
The Association of British Insurers (ABI) has warned that the flood risk faced by communities in political constituencies across England and Wales presents a “worrying”‘ situation. It selected “Boston and Skegness in Lincolnshire as the constituency with the most homes …
Commercial underwriting specialist Evolution Underwriting has announced the extension of its capacity arrangements with Allianz for a further five years. “The deal covers property, casualty, excess of loss and motor lines and ensures continued support for Evolution until at least …
A report from the UK Government’s Transport Select Committee targets the voraciously expanding number of claims for “whiplash,” i.e. soft tissue injuries, as badly in need of reforms. These types of injuries now account for around 70 percent of all …
UK-based specialist broker Voyager Insurance Services Ltd, a member of the Somerville Group, which is focused on providing travel insurance to insurance brokers and third party intermediaries, has acquired the Fresh Start book of business from Culpeck Insurance Services for …
The British arm of News Corp has increased the legal fund it will use to settle civil litigation cases brought by victims of phone hacking to Ā£100 million ($155 million) from Ā£20 million [$31 million], the Independent newspaper reported on …
Otto Thoresen, director general of the Association of British Insurers has issued a statement outlining the organization’s position on flood coverage in the UK, in response to recent proposals from the government. “This is a frustrating update from the Government,” …
