News
Airmic reveals new chief executive
John Hurrell, currently head of Marsh Risk Consulting (Europe, Middle East and Africa), has been appointed Airmic’s new chief executive.
Full RDR report to be published four months late
The Financial Services Authority (FSA) has revealed that the final retail distribution review (RDR) report will be published four months behind schedule.
General insurance ARs come out worst in FSA review
A review by the Financial Services Authority has found that firms are not doing enough to ensure that their appointed representatives are treating customers fairly in the sale of general insurance, mortgage and investment products.
Axa launch claims management product
Axa Corporate Solutions has launched a claims amangement product, Panorama.
Lockton in Aon and Willis swoop to establish new team
Lockton has formed a new facultative reinsurance property team in London headed by senior new appointment David Cousar, who joins from Willis Re.
Brit reloads $100m Norton retro vehicle
Specialist (re)insuer Brit has anounced that it has signed contracts for the launch of Norton Re II Insurance Limited a specialist Bermuda-based reinsurance company with $118.2m of capital.
Groupama adds two to schemes team
Groupama Insurances has expanded its commercial schemes underwriting team with the appointment of two underwriters. The eight strong team is managed by Nick Cox and Paul Audsley, both assistant managers.
ABI demands 25 year flood plan in response
The Association of British Insurers today called on the Government to develop a 25-year strategy to manage Britain’s growing flood risk. The recommendation comes in the ABI’s report, Summer Floods 2007: Learning the Lessons.
AIG names new UK boss
AIG has named former UK boss Dan Glaser's replacement among a raft of promotions.
Insurer in rebrand
Assurant Solutions, the niche insurance specialist, has today announced the renaming of Assurant’s UK-based underwriting companies.
Start up insurer recruits five to staff two new branches
ABC Insurance, part of the LV Group, today announced the launch of new branches in Maidstone and Bristol which will target the commercial SME market.
Oval strikes 25th deal with Bristol move
Oval today announced its twenty-fifth acquisition, further increasing its presence in the South West with the purchase of Tett Hamilton.
AIG UK boss Glaser quits for broker
Daniel Glaser has quit AIG following his appointment as chairman and chief executive officer of Marsh Inc, Marsh & McLennan Companies insurance broking subsidiary.
Cobra looks to benefit from Towergate's bid on TBN
Cobra’s value has been underestimated in the context of Towergate’s bid for the Broker Network, according to a report by research firm Fairfax, commissioned by Cobra Holdings.
First female chair for body
Emma Dadson has taken over the chair of the British Damage Management Association.
Hiscox duo join firm ahead of merger
Niche household specialist Plum Underwriting has made two senior appointments in preparation for its planned merger with Oak Underwriting in 2008.
Fortis recruits new personal lines head from Allianz
Fortis UK has appointed Steven Ward as head of pricing.
AIG UK heralds recruitment coup
AIG UK has announced that Thomas Colraine and Anthony Hope have been appointed as non executive directors, joining the existing non executive director, Martin Bowers.
FSA plans labelled "disgrace" by broker body
In its response to the HM Treasury discussion paper, Banking Reform Protecting Depositors, the Instuitute of Insurance Brokers has called for a complete review of the Financial Services Compensation Scheme.
Insurers announce plans for merger
Private medical insurer Exeter Friendly Society and income protection specialist Pioneer Friendly Society today announced that they have agreed ‘transfer of engagement’ terms which, subject to membership and regulatory approval, will lead to the creation…
Biba renews loss recovery scheme
The British Insurance Brokers’ Association has renewed its Loss Recovery insurance scheme contract with claims service advocate Lorega for another three years.
Catlin in $75m sub-prime write down
Specialist (re)insurer Catlin expects to take a total charge of $75m during 2007 against the value o...
Scor securitises EUR160m with Atlas IV Cat bond
European reinsurer Scor has securitised EUR160m ($235m) of European windstorm and Japanese earthquak...
Marsh scoops new boss from AIG UK
Marsh has appointed Daniel Glaser as its new chairman and chief executive to replace Brian Storms wh...