Commercial
Former Xbridge boss plots online return – Post in print: 6 January 2010
News editor Mairi MacDonald outlines the main news from this week's issue of Post, which reports that former Xbridge boss Tony Deacon is poised to return to the market with a similar venture after his new business received the regulatory green light just…
FSA fines and bans director £25 000 for part in £2m London market fraud
The Financial Services Authority has fined Barry Williams £25 000 and banned him from working in regulated financial services for his part in a scheme that defrauded leading London market insurers of more than £2m.
Hannover joins Hiscox and Argo as White Oak capacity provider
Specialist automotive and equipment underwriting agency White Oak Underwriting has announced a new capacity providers for 2011.
Advent poised to take Towergate stake
Towergate is understood to have reached an agreement in principle with private equity firm Advent International.
Former Aon claims director joins Marsh
Marsh has appointed Alan Morton as senior claims advocate of its international division and property claims practice group leader, UK and International.
Former Aon claims director joins Marsh
Marsh has appointed Alan Morton as senior claims advocate of its international division and property claims practice group leader, UK and International.
Former Xbridge boss Deacon plots online return with Primary
The former boss of online commercial insurance broker Xbridge Tony Deacon is poised to return to the market with a similar venture, after his new business received the regulatory green light just before Christmas.
Broking focus - Bribery Act: On the right side of the law
London market brokers transacting across international boundaries need to revisit their risk and compliance provision in the face of draconian new UK bribery legislation, reports Ralph Savage.
New FSA regime may boost D&O/PI take-up
The Financial Services Authority's tough enforcement stance could lead to an increase in demand for certain commercial insurance products, Reynolds Porter Chamberlain partner Jonathan Davies has claimed.
Editor's comment: The foundations are laid
Looking back 12 months to the first leader column of last year, I mulled whether 2010 would be marked by a number of changes, not least a hardening of rates, more merger and acquisition activity and insurance IPOs.
Fraud - travel database: Share and share alike
Though shared services are seen as important cost-cutting tools, initiatives have often failed to deliver projected savings. Richard Barrett explains why this happens and how insurers can maximise their returns.
Berkshire Hathaway backs Willis energy facility
Willis has created a facility designed to provide additional underwriting capacity for the oil and gas industry.
Berkshire Hathaway backs Willis energy facility
Willis has created a facility designed to provide additional underwriting capacity for the oil and gas industry.
Ironshore launches new European platform with Allied World raid
Ironshore has announced the formation of Ironshore Europe, domiciled in Dublin, Ireland.
Ironshore launches new European platform with Allied World raid
Ironshore has announced the formation of Ironshore Europe, domiciled in Dublin, Ireland.
Wildnet teams up with Ataraxia
Wildnet has announced its involvement with Ataraxia Markets, the recently formed managing general agent.
Towergate founder Peter Cullum awarded CBE
Towergate Partnership founder and chairman Peter Cullum has today been made a Commander of the Order of the British Empire in the Queen's new year honours list.
SMEs face challenging year according to business group chief
The head of one of the UK's major business groups has warned that smaller companies face a ‘challenging' year ahead.
Guy Carpenter: reinsurance market has excess capital of $19bn
For the second consecutive year, global reinsurance property catastrophe rates for most lines of business will decline at the 1 January 2011 renewals, according to a new report published by Guy Carpenter & Company.
Guy Carpenter: reinsurance market has excess capital of $19bn
For the second consecutive year, global reinsurance property catastrophe rates for most lines of business will decline at the 1 January 2011 renewals, according to a new report published by Guy Carpenter & Company.
Willis: 2011 reinsurance renewals 5-10% lower than 12 months ago
Overcapitalization in the reinsurance market continues to gradually push rates downwards with price reductions at the 1 January 2011 reinsurance renewals averaging between 5% and 10%.
Willis: 2011 reinsurance renewals 5-10% lower than 12 months ago
Overcapitalization in the reinsurance market continues to gradually push rates downwards with price reductions at the 1 January 2011 reinsurance renewals averaging between 5% and 10%.
2010 the third worst year for church lead theft claims Ecclesiastical
According to new data from Ecclesiastical, more churches in Manchester diocese have had lead stripped from their roofs by criminals this year than any other area of the UK.
JLT acquires to bolster continental European operation
Jardine Lloyd Thompson has acquired Tripol AS, an Oslo based insurance broker and employee benefits business specialising in the real estate and construction business.