International general insurance and reinsurance group Brit Insurance Holdings PLC has announced that it is to open a representative office in Tokyo for Brit Insurance Limited and Brit Syndicates Limited. The firm has also named Masaru Ito as its chief representative in the new office, taking effect from 1 July of this year. He leaves [...]
American International Group, Inc. (AIG) has announced that it is to sell all of its shares in its Argentine consumer finance operations. These shares include Compañía Financiera Argentina S.A. (CFA), Cobranzas y Servicios S.A. and AIG Universal Processing Center S.A., to Banco de Galicia y Buenos Aires S.A. and an investment group arranged by Grupo [...]
Global insurance broker Willis Group Holdings has named Les Boughner as executive VP and MD of its Willis HRH Captive Management Practice, which is responsible for the setting up and management of captives for its North American clients. Before joining Willis he worked in Chicago for Arch Insurance Company and Zurich Insurance Company, occupying senior [...]
General Motors Corp. (GM), the world’s largest car maker, yesterday filed for bankruptcy protection with a plan to restructure the company so it can compete in international markets. The bankruptcy marks the end of the Detroit-based company’s 101 year history. It is the biggest ever filing by a US manufacturer, and the third largest in [...]
American International Group, Inc. (AIG) has announced the appointment of Eric Martinez, Jr. as CEO of United Guaranty Corporation (UGC), a mortgage guaranty insurance provider based in Greensboro, North Carolina. He has occupied a number of positions with AIG since the start of the year, including playinga significant part in AIG Global Real Estate’s $1.2bn [...]
Kwik Fit Insurance are strongly advising Britons taking a holiday in the UK to make sure they have adequate travel insurance. With the recession continuing many are looking to reduce their outgoings, and may consider insurance a soft option. However, as Kwik Fit Insurance MD Brendan Devine states, it is just as easy to lose [...]
Innovation Group, a firm dedicated to the provision of outsourcing and solutions to the global insurance sector, has revealed its first quarter figures for 2009 regarding investigative services provided to insurance firms. In the first three months of this year Innovation Group dealt with nearly 4,000 suspect claims, for which zero settlements rose by 30% [...]
The British Insurance Brokers’ Association (BIBA) is appointing Robert Brown, chief executive officer of Aon Corporate and Affinity, to its board. Mr Brown, who has worked in the insurance industry for 25 years, will take up the post in July 2009 and Eric Galbraith, BIBA’s chief executive, believes his wealth of knowledge and experience will [...]
Specialist insurer Amlin Plc has named Iain Henstridge as leading class underwriter with responsibility for leading the Marine Hull account. Henstridge, who takes over leadership of Marine Hull from Simon Beale, joins from Catlin where he has worked for two years as senior class underwriter for Marine Hull & War Risk. He brings with him [...]
Insurance broker and risk adviser Marsh has announced the appointment of Matt Kimber as the firm’s new UK chief risk officer. Kimber leaves behind Lloyds Banking Group to join the firm, bringing with him experience of a number of executive operational and risk management posts he occupied whilst with Lloyds. For six years he led [...]
Heath Lambert has joined forces with the Scottish Building Federation (SBF) to launch a new insurance scheme created by the firm’s Commercial Affinity & Small Business (CA&SB) team. According to the broker, the new offering will give SBF’s 700 members access to insurance products while at the same time “mitigating some of the potential hazards [...]
Aviva has erased its Norwich Union brand, which has disappeared from today. The name, which first appeared in 1797 and has been synonymous with general insurance in the UK for decades, has cost its parent company millions to ditch given a £9 million advertising campaign and additional in-house costs. Aviva shocked the insurance world with [...]
Carole Nash, the UK and Ireland motorcycle broker, has launched a new quote and buy website targeting the Irish market. The site, which uses Open GI’s eBroker technology, enables consumers to access a range of bike quotes direct and purchase cover online via the Realex payment processing system. Commenting on the development, the broker’s commercial [...]
jml Insurance Services has extended its offering to residents of the Irish Republic with the introduction a new household and landlord insurance category. The move follows the launch of a Northern Ireland specialist area on the jml Insurance website last year. An additional area of the site now offers introductions to companies such as Kay [...]
