A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of ‘a’ of Bermuda-based Catlin Insurance Company Limited (CICL), Catlin Insurance Company (UK) Ltd. and Catlin Re Switzerland …
English football (soccer) matches resumed at the beginning of August with Manchester United, last season’s Premier League champions, favored to repeat this season. Like its counterparts in the U.S. – major league baseball, the NFL, the NBA, etc. – professional …
The London-based Collinson Insurance Group has appointed Steve Scott to the newly created post of Wholesale Sales and Strategy Director in a move aimed at expanding its wholesale division. Scott joins Collinson from FirstAssist Insurance Services Limited, where he was …
The Association of British Insurers notes that the industry made a “total contribution of £10.4 billion [$17.21 billion] to the Exchequer – which would cover the entire £10.2 billion [$16.9 billion] Home Office budget. Insurance companies in the Hundred Group …
Bermuda-based Lancashire Holdings Limited has received approval from its shareholders to proceed with its previously announced plan to move its tax residence to the UK. The company, which operates subsidiaries in both Bermuda and the UK, announced the move at …
The UK’s auto (motor) insurance market is extremely competitive, and over the past few years usually unprofitable. As a result a number of insurers are reducing capacity and/or contracting their distribution for Motor Trade business. However, MMA Insurance, the UK …
Travel insurance has become an essential adjunct for UK residents heading abroad on vacations. According to the Association of British Insurers, travel insurance companies pay on average £5.3 million [$7.26 million a week to those who fall ill or have …
The UK’s Legal & Professional Insurance has entered into an agreement with Marsh, to provide professional indemnity insurance, initially for the 2011/2012 year, for law firms with two and three partners. All firms in this category applying through the Legal …
The UK’s insurance industry “has welcomed Prime Minister David Cameron’s announcement that the Riot Act police compensation schemes will operate as normal and has promised to use its expertise to help the government and police authorities implement the scheme,” according …
“Most of the events cancelled were due to the police being need elsewhere,” said Simon Lyons, contingency underwriter at London-based Sportscover Europe Ltd. He explained that football (soccer) matches, unlike most concerts and other special events, normally require a contingent …
