News
FSA publishes disclosure web tool to help general insurance firms
The Financial Services Authority (FSA) has launched a 'Build your own disclosure documents' tool to help general insurance firms comply with its disclosure rules. The free online tool will help provide companies with a template based on their…
Earle's underwriting agency named InSynergy Insurance
A new commercial lines underwriting operation recently launched by Charles Earle, the former managing director of NIG Commercial Lines, has been named InSynergy Insurance.
Lancashire brings in non-exec
London-listed Bermudian start-up Lancashire has announced the appointment of Martin Nicholas Caleb Thomas as a non-executive director.
Quanta finalises ESC sale
Troubled Bermudian (re)insurer Quanta has completed the sale of its non-core Environmental Strategies Consulting company (ESC) to WSP Environmental Holdings.
Sterling appoints head of customer services
Sterling Insurance today announced the appointment of Glen Box as head of customer services.
Omega latest Lloyd’s player to redomicile to Bermuda
Lloyd’s and Bermuda (re)insurer Omega Underwriting today announced much improved 1st half results and has revealed that it is planning to redomicile its parent company to Bermuda as well as setting up a small direct US operation funded by a £35m placing…
US insurance data provider opens London office
Advisen, a provider of analytics, benchmarking and market information to the global commercial insurance industry, has opened an office in London.
JLT’s international retail boss set to go
John Hastings-Bass, chairman of Jardine Lloyd Thompson’s international retail broking operations will leave the group by the end of the year. He will step down from the Board with immediate effect, but will remain a member of the Group's Executive…
Chaucer hires Swiss Re team for engineering account
Chaucer Syndicates, the managing agency arm of Chaucer Holdings, has recruited a team to underwrite an engineering account on behalf of the property division of syndicate 1084.
DCA selects Staffordshire as its CMC intelligence gatherer
Staffordshire county council trading standards will run the monitoring and compliance unit for the regulation of claims management services.
Swiss Re to sell slice of Gherkin
Swiss Re has said it is considering selling a share in the 30 St Mary Axe tower in the City, known as the Gherkin.
HSBC Insurance Brokers set up North American broker
HSBC Insurance Brokers is setting up its own wholesale broker for North America which will be headquartered in New York.
Marsh slashes 750 jobs in latest cost cutting drive
International broker Marsh & McLennan has announced a cost-cutting program designed to save $350m a year, resulting in at least 750 job cuts.
RSA unveils new COO and MD roles in UK restructure
Royal and Sun Alliance today announced a re-organisation of its UK business around three customer groups – broker, retail and affinity - and the creation of a new operations function. These changes will result in the creation of two new roles on the UK…
Platinum ups loan facility by $200m
Bermudian reinsurer Platinum underwriters has announced that it has replaced an existing $200m credit agreement with a $400m facility with a syndicate of lenders.
Quanta appoints new CEO, outlines Lloyd’s and run-off plans
Troubled Bermuda and Lloyd's (re)insurer Quanta Capital Holdings has named Peter Johnson to be its new president and CEO and has outlined strategic decisions concerning the handling of its run-off, ongoing Lloyd’s operations as well as the sale of its…
Adjusters called in following Yorkshire storms
Loss adjusters have been mobilised to deal with potentially hundreds of claims following storms in Leeds last night. Crawford and Company and AMG have published initial estimates of the affected areas.
Novae profits fall in first half
Underlying profit before tax at the newly re-named Novae group fell in the first half of 2006, the company's interim report said today. In its statement to the stock exchange, the firm said excluding professional costs incurred in the scheme of…
Highway appoints Equity manager
Motor insurer Highway has appointed Terri-Ann McKenna to a newly created role as underwriting development manager. Ms McKenna was previously manager in the products and pricing division of Equity Insurance.
Boleat to reveal new claims regime tomorrow
The government will announce further details of the regulatory regime for claims management companies tomorrow. Mark Boleat, head of claims management regulation at the Department of Constitutional Affairs, told Post Magazine's Claims Club today that a …
Axa extends major affinity deal
Axa extended its existing partnership for the provision of travel insurance with travel company TUI until 2009. Axa and TUI, the parent company of leading brands such as Thomson and Crystal have been in partnership since 2002.
Flu is focus of government and Bank of England six week exercise
Management of a flu pandemic will be the focus of this years tripartite market wide business continuity exercise which runs from 13 October to 24 November. Over 60 organisations from the sector have been invited to participate in the exercise which is…
Quinn Direct gets a rating
Quinn Direct Insurance has been assigned a rating by Moody's Investors Service.
NU to cut 4000 staff
Aviva has announced plans to reduce its headcount in its UK business - impacting both its general and life business - by 4000 over the next two years under plans to deliver annual cost savings of £250m in 2008 at a cost of £250m the end of 2007. It will…