XL Capital Ltd’s (NYSE: XL) global insurance operations, XL Insurance, have named Neil Robertson as chief underwriting officer of its Global Specialty business. Prior to his appointment he worked as the global head of XL Insurance’s Fine Art & Specie and Equine operations, and will continue to be based in London for his new role. [...]
The Big Lunch, a new initiative by the Eden Project, has picked Event Insurance Services to provide street parties throughout the UK with liability coverage. The Big Lunch takes place on 19 July and invites every Briton in the country to sit down and eat dinner with their neighbours to help foster community spirit. To [...]
Global risk and reinsurance specialist Guy Carpenter & Company, LLC, has announced it has hired Richard Booth as vice chairman, which will also see him take up a seat on the Executive Committee. Prior to taking on his new post Booth served as AIG’s Transition Planning and chief administrative officer and worked for Hartford Steamboiler [...]
On Monday Kwik Fit Insurance (KFI) enjoyed its second major sales day of the year by hosting a battle of the sexes. KFI saw some of its best sales figures in a decade and a half, and negotiated substantial savings for its customers. The firm sold 1300 new car insurance policies, its 5th best car [...]
Britons are becoming increasingly disgruntled over their pension plans, with the number of complaints received by The Pensions Advisory Service (TPAS) increasing by 10% in 2008/2009. In the 12 months to the end of March, 7,746 individuals contacted the body, compared to 7,026 in the previous 12 months. According to TPAS, the biggest single driver [...]
American International Group (AIG) has reassured shareholders that its debt to the US Treasury can be repaid. The insurer, which came close to collapse last September just hours after Lehman Brothers filed for bankruptcy protection, has so far needed over $182 billion in government support. The US taxpayer now owns 79.9% of the business and [...]
Marsh has launched a new project professional indemnity (PI) insurance facility designed for major construction projects with a value in excess of £25 million. According to the broker, the facility can provide limits of liability of up to £20 million for periods of insurance of up to 10 years and is available globally, excluding projects [...]
