Global News

Commercial insurer, FM Global, has received the 2010 Risk Management Award at the annual British Insurance Awards, judges having recognised the qualities of its RiskMark web-based risk quality benchmarking tool. RiskMark is based on an algorithm modell...

Open GI has bolstered its Open Trader Development Team with a new appointment. Andy Beardshaw is tasked with enhancing the delivery, quality and technical processes of the SME trading platform, which is currently used by over 500 UK brokers, to ensure ...

The world’s largest independent global wholesale and reinsurance broker has been created, following the completion of the merger of US independent wholesale broker, Swett & Crawford, and Cooper Gay, the London-based wholesale, reinsurance and special...

Caravan Guard reckons caravan owners are holding on to their vans for longer and has extended its “new for old” cover limit from five to 15 years in response. According to the specialist insurer, changes of caravans have been down 47% in the l...

Commercial lines specialist, QBE, has extended its joint offering with Bristol-based Sutton Specialist Risks (SSR) to provide bespoke insurance solutions for heating, ventilation and refrigeration contractors, through a dedicated scheme. SSR director, Jo...

The Financial Services Authority (FSA) has banned three insurance professionals for fraud. Timothy Higgins, Clifford Felstead and Ralph Brunswick were involved in a scheme that defrauded Markel International, QBE Insurance and Amalfi Underwriting over an ...

Fortis Insurance and American Express have announced a five-year strategic partnership to provide motor and household insurance products to American Express customer in the UK. For Fortis, the agreement follows on from a number of significant new affinity...

Credit rating agency, A.M. Best has placed Ansvar Insurance Company Limited under review, with positive implications for its current financial strength rating of A- (Excellent) and issuer credit rating of “a-”. Ansvar describes itself as an et...

Chaucer Syndicate 1084 has formed an energy partnership with ScandIns (Scandinavian Insurance Management Company), which was established in Norway in 2009 and has been operating as an energy underwriting representative for Chaucer Syndicate 1084, since Ja...

Chartis has announced that the headquarters for its European Economic Area and Swiss operations will be based in London. The group is undertaking a restructure that will bring its European operations together under one regional management team, in a move ...