December 21, 2011
In a brief statement, issued by its office in Dublin, Beazley plc confirmed that it is to undertake a strategic review of the business of Hardy Underwriting Bermuda Limited. The statement followed the announcement by the board of Hardy on …
December 21, 2011
Motor [auto] insurers seeking to get around a European ban on charging male drivers more than women are turning to innovative black box technology that could trigger an upheaval in the way car insurance is sold. Britain’s biggest motor insurer, …
December 19, 2011
A.M. Best Europe ā Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of UK-based International Insurance Company of Hannover Limited (Inter Hannover), both with positive outlooks. Best …
December 19, 2011
PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, announced that it has extended its market coverage to include the peril of inland flooding in the UK. The bulletin explained that as of the first of January the …
December 12, 2011
According to catastrophe modeling firm AIR Worldwide, a red alert was issued for winds in Scotland and the Northern UK by the Met Office. As a result, AIR said “widespread structural damage” was likely; flood alerts for 12 rivers and …
December 9, 2011
Amidst all the turmoil in the euro zone, the implementation of the Solvency II regulations, governing the 27 members of the European Union, including the UK, grinds inexorably forward. It is a fact of life for British insurers, and their …
December 9, 2011
Europe divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to move ahead with a separate treaty, leaving Britain isolated. Twenty-three …
December 8, 2011
UK motor [auto] insurance premiums “have continued to rise in 2011, with some drivers facing price increases of up to 50 percent,” according to findings of the annual UK Motor Market Review by Willis Re. It also noted a significant …
November 28, 2011
The Willis UK brokers Networks team has been awarded the title of “Chartered Insurance Brokers” by the Chartered Insurance Institute (CII). The Willis Networks team manages Willis Networks, comprising the Willis Commercial Network and Willis NĀ², and is the first …