United Kingdom News

ACE Europe Says D&O Market Needs Clarity on Extradition

The U.K.-based ACE European Group, a primary underwriter of directors and officers insurance in the London market, issued a statement that it is “taking a lead in the D&O market by providing greater clarity in the extent of cover relating …

Hannover Re $150 Million Cat Bond Covers European Windstorm Risks

Germany’s Hannover Re announced that Eurus Ltd., a special purpose vehicle, has issued a CAT bond with a volume of $150 million, giving the reinsurer windstorm protection with immediate effect for a term of approximately three years, covering seven European …

Why surplus lines reform makes sense in 2006

The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line offices and related entities all engaged in the wholesale insurance marketplace …

Why surplus lines reform makes sense in 2006

The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line offices, and related entities all engaged in the wholesale insurance marketplace …

ST. PAUL TRAVELERS

St. Paul Travelers Cos. is phasing out the “St. Paul” from its name. “St. Paul” is already gone from the company’s marketing for consumer auto and home insurance, and it will be eliminated from advertising to business customers in the …

Business Moves

HRH, Thilman & Filippini Insurance broker Hilb Rogal & Hobbs Co. agreed to buy substantial assets of Thilman & Filippini, L.L.C., a Chicago-based insurance agency and brokerage firm with 2005 gross revenues of approximately $24 million. The operation will become …

Why surplus lines reform makes sense in 2006

The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line offices and related entities all engaged in the wholesale insurance marketplace …

Why surplus lines reform makes sense in 2006

The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line offices, and related entities all engaged in the wholesale insurance marketplace …

Business Moves

Starr Aviation Agency, Chubb Starr Aviation Agency Inc., a wholly-owned specialty subsidiary of C.V. Starr & Co. Inc. and The Chubb Corp. entered into an underwriting agreement under which Chubb will provide hull and liability coverage to Starr Aviation’s general …

U.K. Polls Reveals Half of Motorists Want Elderly Drivers Banned

Congestion on Britain’s streets is getting worse, but drivers polled by online insurance broker www.motorinsurance.co.uk have a novel solution: ban elderly drivers from the roads. In a shocking display of ageism, almost half of drivers polled (49 percent) said that …