News
DCA to regulate claims management companies
The Department for Constitutional Affairs has been announced as the regulator for claims management companies in Parliament today.
Minimal rating changes as S&P updates terrorism evaluation process
Standard & Poor's Ratings Services has announced it is enhancing its process for evaluating the terrorism exposure of interactively rated insurers and reinsurers. The updated process is partly a response to the increased insurance retentions under the…
Broker comes back to Heath Lambert as reinsurance director
Chris Bennett has joined broker Heath Lambert as a director of the reinsurance team. He joins from A J Gallagher and has a total of twenty seven years of experience in the insurance industry, twenty of those as a broker.
Novae bets on energy market with underwriter hire
Novae group is joining the Lloyd’s energy market with the appointment of a dedicated underwriter to Novae Syndicate 2147.
Small claims limit even more valid today says new group
The Legal Expenses Insurance Group has voiced strong opposition to any increase in the small claims limit for personal injury claims.
Groves to lead Marsh's UK captive consulting practice
Broker Marsh has appointed Jonathan Groves as head of its UK Captive Consulting Practice.
New RMS model says repeat of 1811 New Madrid quake to cost $60bn+
Risk Management Solutions (RMS)has announced the launch of a major update to its U.S. and Canada Earthquake models.
Levene calls on Government to 'back a winner'
Lord Levene, chairman of Lloyd's has called for greater support from government for the City of London and the insurance industry. The cross-bench peer bemoaned the lack of tax incentives for businesses in the UK, which he said were forcing insurers to…
Axa in major pet insurance tie up
The RSPCA has unveiled a pet insurance policy which pays 20 per cent of every premium – double the amount that was paid to help the charity by previous pet insurance policies – at no extra cost back to the Society to support its work helping animals.
CSC endorses Lord Hunt's compensation plea
The Claims Standards Council has echoed Lord Hunt of Wirral's plea to MPs on the eve of the second reading of the compensation bill.
Insurers make headway in meeting FSA ‘fairness’ objectives
The majority of personal lines policyholders believe they are being treated fairly by their insurance company, according to research commissioned by the General Insurance Market Research Association. Consumers identified paying out claims and treating…
Hearn new CEO of Willis Re
Willis Group Holdings has announced that Peter Hearn has been promoted to chief executive of Willis Re, where he will oversee the unit's global efforts. Grahame Millwater, previously chairman and chief executive of Willis Re, remains as chairman.
Boornazian new head of reinsurance at Aspen
Aspen Insurance Holdings has named Brian Boornazian to the newly created position of head of reinsurance of Aspen. Mr Boornazian will retain his current position as president of Aspen Re America as well as its associated responsibilities. He will…
Allianz develops talent pool
Allianz Cornhill has launched a commercial development programme for its engineering division in a b...
Ask the Expert
Q: After years of working for a terrible boss, I have a new job and cannot wait to resign. Does it m...
Over 50s should be valued
Companies must transform their negative attitudes to employing the over 50s, according to recruitmen...
FSSC targets UK skills issues
The Financial Services Skills Council has launched the Skills Bill, an 18-month programme of work de...
S&P mandates specific terror questionnaire for rated (re)insurers
Standard & Poor's has said today it is mandating a new terrorism questionnaire for all of its interactively-rated clients. The rater said the updated process is partly a response to the increased insurance retentions under the two-year extension of the…
Oxygen appoints Anne Plumb
London market intermediary Oxygen has recruited Anne Plumb from Swiss Re, where she was head of ener...
KPMG boosts its forensic offering with new software
KPMG's forensic practice has bought a new investigations package from software supplier Aungate. Th...
Market feels the winds of change
There was a flurry of activity from the financial markets this week, coinciding with the official be...
Appointment at Mansion House Executive
Mansion House Executive has made Darren Hilliard executive consultant within its London market team....
PBS Holdings appoints Simon Taylor
PBS Holdings has appointed Simon Taylor to the newly created role of marketing director. He comes fr...
Underwriting Association members begin pilot project
Seven members of the International Underwriting Association have begun a pilot project to test a new...