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AIRMIC criticises IPT hike
10 July 2015
Reporter Stephen Durham

The Association of Insurance and Risk Managers in Industry and Commerce (AIRMIC) has expressed its disappointment with the increase in Insurance Premium Tax (IPT) announced by chancellor George Osborne in the 2015 Summer Budget...

ACE increases terrorism insurance capacity
09 July 2015
Reporter Stephen Durham

ACE Group is to offer increased insurance capacity of up to $100 million (previously $50 million) for terrorism, political violence and war risks in response to evolving threats and increased demand from multinational clients...

Marsh and McLennan launches new unit
07 July 2015
Reporter Stephen Durham

Marsh & McLennan has launched its new PICS unit, which offers a range of reinsurance and advisory services designed to help protection and indemnity associations and insurers address the challenges they face...

Caldwell promoted to deputy active underwriter
07 July 2015
Reporter Stephen Durham

Barbican Insurance Group has promoted Andy Caldwell to deputy active underwriter of Syndicate 1955, effective immediately. He will report to David Booth, active underwriter of Syndicate 1955...

Continued growth on globalREmarket platform
06 July 2015
Reporter Stephen Durham

Xchanging has confirmed 129 reinsurance carriers are now registered and actively using its reinsurance deal distribution platform, globalREmarket...

Flood Re targets £2.1 billion reinsurance cover
06 July 2015
Reporter Stephen Durham

Flood Re has begun the process for outward reinsurance protection in one of the world’s largest global programmes...

Aon launches Elements
06 July 2015
Reporter Stephen Durham

Aon Benfield has launched version 9.5 of loss calculation platform Elements in an effort to highlight how working with third parties can bring new opportunities...

A.M Best ratings round-up
03 July 2015
Reporter Stephen Durham

A.M. Best has affirmed the ratings of Legal & General Group and International General Insurance Company, and placed ACE's ratings under review...

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