Wednesday, 9 January 2013

PIA Look Towards USA - 9th January 2013

- Professional Insurance Agents Ltd are looking towards new markets in the USA and have been in talks with 2 brokers n New York and Boston to launch several Financial Lines products such as errors and omissions (Professional Indemnity Insurance).

- The recent fires in Australia have seen claims starting to come into the insurance industry with the Australian trade body saying over 500 claims already add up to $51 million.

- The unbelievable move by AIG to consider saving the US government because of what they say may have been a unconstitutional bail out has stunned the Insurance Industry and the general public.

- Ageas appoint new Boss Andy Watson as UK CEO. The word on the street is that the new CEO will have to build relationships with their brokers.

- Nexus brings in new Lloyds underwriters and has added Marketform Syndicate 2468 and Sagicor Syndicate 1206.

- Business Insurance 24 7 make offer to buy several online software providers specialising in Professional Indemnity and Directors and Officers Insurance.

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