A new report from A.M. Best notes that “intense competition and the effect of the weak economic climate on investment returns and loss experience continue to put pressure on U.K. non-life insurers’ financial performance. “Results for 2010 also provided further …
Global health services company Cigna announced that it has agreed to acquire FirstAssist Insurance Services, a travel and protection insurance company based in the UK, from Barclays Private Equity. Cigna said the “acquisition will add a new product line to …
UK broker Miller has added Piers Smith to its international team to direct binding authority in Scandinavia, in a move it described as an “expansion of its international platform for binding authority business.” Smith is a specialist in the placement …
The UK-based Tawa plc, which specializes in insurance investments and services, posted a first half profit of $11 million, compared to $1.4 million in the same period of 2010. The Group’s earnings report also listed the following “highlights:” • Group …
UK broker Miller announced that it has appointed Gavin Hamilton, previously at Bowring Marsh, to support the company’s continued drive for growth in its UK and European corporate client account base. He specializes in property insurance “and is highly skilled …
The Managing General Agents’ Association (MGAA), a non-profit making organization founded to represent UK Managing General Agents, was officially launched on the 1st of September with an initial 40 Full Members underwriting gross written premiums of approximately £1.25 billion [app. …
The UK government has come down on the side of the country’s insurance industry with its announcement from Justice Minister Jonathan Djanogly that it will ban referral fees in England and Wales. The charges are assessed when information concerning personal …
Travelers UK branch announced that David Sawyer has been appointed Assistant General Manager responsible for the management of the professional indemnity portfolio for Travelers Insurance Company Ltd. He joins Travelers from QBE where he was Portfolio Manager within the Professional …
The Access to Justice Action Group (AJAG) responded swiftly to the study and the bulletin published by the Association of British Insurers and a coalition of UK business groups, seeking to amend Britain’s personal injury laws through the passage of …
A number of British retailers and business groups have joined forces with the Association of British Insurers (ABI) in support of an omnibus bill, introduced in Parliament in July. The legislation, entitled the “Legal Aid, Sentencing and Punishment of Offenders …
