Insurer Fusion has agreed to provide all its brokers with a water-tight guarantee to provide renewal terms for their clients, or a clearly-defined renewal strategy, at least 21 days before the renewal date of every policy. If an offer is not on the table within this time frame, the existing terms will apply.
The Benfield Hazard Research Centre has created a part-time postgraduate course in conjunction with the under-35s reinsurance group called Natural Hazards for Insurers.
Highway has upgraded its Motorcycle Choice policy to provide extra insurance cover for motorcycle owners riding in the UK and Europe.
Highway's broker-only Motorcycle Choice policy will include: protected no claims discount (NCD); free Green Card for riding up to 30 days in Europe; and cover provided for riding other motorcycles, if the policy holder is over 21 and if the motorcycle insured with Highway is over 350cc.
Broker-only insurer NIG is to include protection for all machinery and equipment at the policyholder's premises within its motor trade, office and retailer policies. Cover will not need to be extended and no additional premiums will be charged.
Claims management and business process specialist Navigant Consulting has established Navigant Consulting ReInsurance Services, a service to help London Market reinsurers evaluate their business practices, claims reserves and ultimate exposures.
Insurance software provider insurE-com has formed a strategic partnership with the Insurance Training Consortium to assist intermediaries with training and competence for FSA compliance. Preferential rates will be offered to all insurE-com back office users.