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  • December 2008

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    Swinton eyes up Equity branch network
    Posted on : 2008-12-10
    Equity Insurance, put up for sale by the Insurance Australia Group (IAG), may have its branch network acquired by a British company. Swinton, the UK’s biggest high street insurance broker, is one of the leading bidders in the contest to buy Equity’s branches, according to a report in the Financial Times. Swinton’s chief executive, Patrick Smith, said [...]...
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    Rok opens Mansfield claims centre
    Posted on : 2008-12-10
    Rok, the building firm that specialises in repairs, has opened an insurance claims centre in Mansfield, East Midlands. The company says the facility, which will handle around 70,000 claims a year, represents a key step forward in becoming the UK’s leading provider of claims management and building repair services. Rok already has agreements with a [...]...
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    XL Re enters Brazil as local reinsurer
    Posted on : 2008-12-10
    XL Capital’s global reinsurance arm, XL Re, has received the green light from regulators to enter the Brazilian marketplace as a local reinsurer incorporated in Brazil and regulated by the country’s authorities. This follows on from events in the middle of 2008, when XL Re acquired permission to enter the Brazilian market as an admitted reinsurer, [...]...
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    Product recall insurance unlikely to reimburse Irish pig farmers
    Posted on : 2008-12-10
    Lloyd’s insurance and reinsurance specialist, Miller, has warned that with regard to the health scare over pork produced in Ireland, insurance policies purchased to indemnify the costs of recalling consumer products may not pay out. Kieron Russell, a member of the firm’s special risk team, explains that underwriters of product recall insurance typically include policy exclusions [...]...
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    AIG appoints Eastwood president of Lexington
    Posted on : 2008-12-10
    Peter Eastwood has been named by AIG to serve as the new president of Lexington Insurance Company, a unit of AIG Commercial Insurance. He first joined AIG 17 years ago and has occupied a number of senior posts within AIG Executive Liability, AIG Risk Finance, AIG Reinsurance Advisors and Lexington Insurance Company. Most recently he served as [...]...
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    Ironshore appoints new CEO and president
    Posted on : 2008-12-10
    Ironshore’s chairman, Ron Sandler, has announced that Kevin Kelley has been appointed as chief executive officer of the firm, with Bob Deutsch assuming the role of president. Kelley leaves behind his post as CEO of Lexington Insurance Company, where he built the organisation into the world’s largest excess and surplus lines insurer. Deutsch, who was Ironshore’s founding [...]...
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    Marsh creates Scottish Public Sector Practice
    Posted on : 2008-12-10
    Insurance broker and risk adviser Marsh has announced that it is opening a Scottish Public Sector Practice. The new practice will cater to the unique risk and insurance issues belonging to various public sector organisations. The practice has a broad range of clients throughout Aberdeen, Edinburgh and Glasgow, including fire and police authorities, local authorities, social housing, [...]...
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    Marsh launches Scottish public sector division
    Posted on : 2008-12-10
    Marsh has launched a public sector division in Scotland, which is dedicated to servicing a range of the firm’s clients in Aberdeen, Edinburgh and Glasgow. The broker and risk specialist is enhancing its offering to the region’s local authorities, fire and police authorities, social landlords, central government and government agencies. The new practice is headed by Gordon [...]...
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    Chubb insurance helps firms stay green
    Posted on : 2008-12-10
    Chubb Group has pledged to help businesses stay green with a new move in its insurance policy approach. Peter Thompson, worldwide energy manager for Chubb Commercial Insurance, has stated that businesses with commercial property insurance policy from the firm can enjoy having their green investments automatically protected even if there is a loss. For the last 14 [...]...
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    Egg fined £721,000 for mis-selling PPI
    Posted on : 2008-12-10
    Egg is the latest financial services company to be fined for mis-selling payment protection insurance (PPI). The credit card provider sold the insurance via incoming customer services calls, or when its representatives made sales call to new customers. In a review of cases covering the period January 2005 to December 2007, the Financial Services Authority (FSA) found [...]...
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    Survey: 16 Per Cent Of Drivers Try To Hide A Car Accident From A Family Member
    Posted on : 2008-12-10
    kanetix.ca survey reveals that 16 per cent of people have tried to hide the fact they were in an auto accident from someone in their family....
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    New Report Says UAE And Turkey Lead In Middle East Insurance Market
    Posted on : 2008-12-10
    Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that UAE and Turkey are market leaders in the Middle East insurance sector, showing that it is a not a homogenous market....
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    New Report Highlights High Growth In Polish Insurance Industry
    Posted on : 2008-12-10
    Report Buyer, the online destination for business intelligence for major industry sectors, has now added a new report showing that the Polish insurance industry, led by the life insurance sector, is growing rapidly....
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    Former Limited-benefit Medical Plan Executives Launch New Firm
    Posted on : 2008-12-10
    Founders of Ternian Insurance Group remain committed to voluntary marketplace....
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    CarInsuranceRight.com Launches Interactive Car Insurance Blog
    Posted on : 2008-12-10
    The Car Insurance Blog from CarInsuranceRight.com will help you save money and become an educated and aware auto insurance consumer. Learn about ways to reduce your auto insurance premiums. Car Insurance Blog discusses the types of auto insurance available, it is fully interactive for users and provides a list of top car insurance companies in your area....
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    Optima Insurance Brokers Launches IndiaÂ’s First Comprehensive Insurance Site Click2insure.in
    Posted on : 2008-12-10
    The site aims to empower customers to make informed insurance buying decisions. Optima to invest Rs.25 crore, targets a revenue of Rs.500 crore from a customer base of 10 lakh in the next 3-5 years....
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    Group Health Insurance Now Available On Mattinsurance4ca.com
    Posted on : 2008-12-10
    Those who are eligible for health care insurance have many options available in California for individual health insurance. Now, Mattsinsurance4ca.com has plans for small businesses....
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    Willis Chairman Plumeri To Deliver Opening Keynote At MarketScoutÂ’s 2008 EInsurance Symposium
    Posted on : 2008-12-10
    The 2nd Annual eInsurance Symposium Presented by MarketScout announces a keynote address by Joseph J. Plumeri, Chairman and CEO of Willis Group Holdings. The 2008 Symposium will be held September 15-17, 2008 in Dallas, Texas. The Symposium attracts -C- level insurance executives and focuses on entrepreneurial innovation and online initiatives....
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    For The Fourth Quarter In A Row, Auto Insurance Rates Quoted Increase
    Posted on : 2008-12-10
    Kanetix (kanetix.ca), Canada's insurance shopping marketplace, released the results of their quarterly auto insurance premium study....
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    SIA Group Announces New Hire
    Posted on : 2008-12-10
    Brandon Sewell Joins Local Insurance Agency....
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    SIA Group Announces New Marketing Director
    Posted on : 2008-12-10
    Claire Woodward Joins Local Insurance Agency....
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    Aon Announces New Global Specialty Business
    Posted on : 2008-12-10
    CHICAGO and LONDON, December 1 /PRNewswire/ -- Aon Corporation (NYSE: AOC - News) today announced that it has created a new global specialty business unit - Aon Specialty - a strategic move designed to take advantage of the firm's decision earlier this year to pull together Aon's US$5 billion in ......
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    AIG launches entity to buy problem debt
    Posted on : 2008-12-10
     NEW YORK—American International Group Inc. said Tuesday it has launched a previously announced financing entity created by the Federal Reserve Bank of New York that is designed to purchase collateralized debt obligations on which AIG Financial Products Corp. has written credit default swap contracts. The entity is designed to mitigate ......
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    Greenberg says AIG needs federal guaranty
    Posted on : 2008-12-10
    (Reuters)—The U.S. government should provide a federal guaranty to meet American International Group Inc.'s counterparty collateral requirements, the insurer's former chief executive, Maurice R. Greenberg, said. Collateral requirements have consumed the vast majority of the government funds channeled to AIG to date, Mr. Greenberg said an opinion piece in the Wall ......
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    N.Y., France sign insurer investigation agreement
    Posted on : 2008-12-10
    NEW YORK—Insurance regulators in France and the state of New York have signed an agreement to cooperate in investigations of insurers in either jurisdiction. The memorandum of understanding between the New York State Insurance Department and the Autorité de Contrôle des Assurances et des Mutuelles—the insurance regulator for France—was announced ......
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    Arthur J. Gallagher & Co. Acquires Treiber Agencies
    Posted on : 2008-12-10
    ITASCA, Ill., Dec. 9 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co. today announced the acquisitions of The Treiber Group LLC and Treiber Agency Group LLC, both located in Garden City, New York. Terms of the transactions were not disclosed. With roots going back to 1899, The Treiber Group LLC is ......
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