Commercial
Capita forms new arm for major affinity push
Capita subsidiary BDML Connect has launched a new subsidiary, BDML Insurance Solutions (BDMLIS), which will focus on niche areas of the affinity insurance market.
Lloyd's underwriter slams direct market for Katrina failures
The direct market’s failure to act decisively to restore pricing discipline post Katrina is “Jurassic”, according to Martin Reith, CEO of Ascot Underwriting.
Homeserve in £14m Improveline acquisition
Homeserve has announced the acquisition of Recommend Limited, which trades as Improveline for an initial cash consideration of £14.0 million on a debt free and cash free basis.
Quanta to raise $129m in stock offering
Bermudian (re)insurer Quanta Capital Holdings is to raise $129m in a public offering of common and preferred stock.
Catlin changes underwriting management.
Catlin has formed a group underwriting board which will be responsible for the formulation and execution of underwriting strategy for the group. The, international specialist property and casualty insurer and reinsurer has also appointed a new active…
Chaucer appoints two directors
Chaucer Syndicates has appointed two new directors; Janet Helson will lead the development of Chaucer’s third party syndicate management activities and Gina Butterworth, becomes risk officer and has responsibility for Chaucer’s business-wide risk…
Fitch warns startups that hard market could be short-lived
Fitch Ratings has warned that the Class of 2005 could face a shorter hard market than many in the industry believe and could face some significant challenges from difficult market conditions in the near future.
Governance guidelines get global green light
Mutual insurers have claimed their new guidelines to ensure corporate governance have received world...
Eye should be kept on internet business
The insurance sector is increasingly relying on internet-based services to achieve competitive diffe...
Prince's Trust gains support
Insurer Allianz Cornhill and broker Allan, Chapman and James have joined The Davis Group and Sirius ...
Appointment at Moorhouse
Simon Thomas, formerly associate director for business development at Marsh, has been appointed grou...
CBS receives £10m boost
Lloyd's members' agent CBS Private Capital has relaunched its private investment fund, after its fir...
Appointment at Amlin
Joe Grasso, an internationally recognised maritime attorney, has joined Amlin on a six-month secondm...
Appointment at Towergate Partnership
Towergate Partnership has appointed Delyth Lee as regional marketing manager for its central region....
Energy market in depot grief
Insurers and brokers in the London market have bemoaned the Buncefield oil depot explosion for toppi...
Claimant found negligent in road traffic accident case
Sam (previously known as Al-Sam) v Atkins - (Court of Appeal - 9 November 2005)
Evolution sets ambitious targets
Evolution underwriting group, the commercial agency formed by former Independent Insurance executive...
Spills market needs to address standards
Environmental Claims
THB reports £1.3m profit
THB Group, the parent company of Lloyd's broker Thompson Heath and Bond, yesterday reported profits ...
Brit Insurance reappoints to supplier panels
Brit Insurance has reappointed loss adjusters Cunningham Lindsey and Crawford and Company, plus law ...
Appointment at Exeter Friendly Society
Exeter Friendly Society has bolstered its sales team by appointing Linda Baker to the newly created ...
Product recalls rise by 16%
The number of product recalls in the UK has shot up 16% over the last year according to research by Reynolds Porter Chamberlain, the City law firm.
John B Collins to open Florida office
US reinsurance broker John B Collins has announced it will open a new office in Tampa, Florida on January 3rd 2006. The office will serve clients in the Gulf Coast states.
Brit updates legal and claims adjuster panels
Brit Insurance, has completed its second full review of service providers. Cunningham Lindsey, Crawfords, Beachcroft Wansbroughs and Reynolds Porter Chamberlain, all appointed two years ago in the first review, have been re-appointed. These four remain…