News
Underwriter run-off date set
The solvent run-off of failed London market liability insurer The Underwriter could last until 2022,...
Heath closes its City office
Broker Heath Lambert is set to merge its London offices into one as part of a cost-saving exercise. ...
Rehab provider boosted by reinsurance market
Pressure from leading reinsurers has led to rehabilitation provider Working Transitions expanding it...
Cardif Pinnacle and Equity Insurance Group creates quotation system
Cardif Pinnacle and Equity Insurance Group have joined forces to create a web-enabled general insura...
Fusion extras are undersold
Fusion Insurance has said a lack of knowledge among customers of its risk management products has pr...
Jelf adds another buy
Broking consolidator Jelf has acquired Swansea-based Brian D Thomas Insurance Services, increasing g...
Appointment at Ascent Insurance Brokers
Ascent Insurance Brokers has made Rob Butcher director of the its new French subsidiary, Ascent Inte...
Claimant network to push into mediation
Inter Resolve, the claims resolution firm fronting a network of claimant lawyers called the Law Alli...
Appointment at Medicash
Medicash has appointed a new head of operations, Ian Reed. Mr Reed joins the company from Optimum Co...
Broker CEO of two months quits
Lloyd's broker Monument has seen its chief executive resign after just two months in the job. Marti...
Appointment at Tysers
Quintin Heaney, formerly group financial director of Alexander Forbes, has been made finance directo...
Refused application for Tyser
The House of Lords has refused Lloyd's broker Tyser its application for leave to appeal in its dispu...
CBC UK acquisition
CBC UK, a wholly owned subsidiary of the Besso Group, has acquired H Bernstein Insurance Brokers for...
NIIT Technologies takes majority shareholding
Indian IT supplier NIIT Technologies has taken a majority shareholding in specialist software suppli...
Increase in scheme payment percentage for EAIC
The scheme payment percentage for English and American Insurance Company has been increased from 30%...
Appointment at Berrymans Lace Mawer
Berrymans Lace Mawer has appointed five partners, taking its total partnership to 103. They include ...
Andrew Hitchcox joins Kiln as chief actuary and risk officer
Kiln, which owns leading Lloyd's managing agent R J Kiln & Company, has appointed Andrew Hitchcox to the newly created post of chief actuary and risk officer.
Aviva FD to outline European insurance tax demands
Aviva finance director Andrew Moss will today outline what the European industry's concerns and demands with regard the EU Commission review into the VAT treatment of financial services and insurance.
Ordnance Survey launches enhanced digital address data
A series of enhancements to Ordnance Survey’s most detailed digital address data is launched today. The OS MasterMap Address Layer 2 will support analysis, decision making and service delivery by utility companies, insurers, retailers, local and central…
Faraday claims boss begins charity marathon
Chris Hunt, claims manager of Faraday Re, is embarking on a charity fundraising effort throughout the summer, in a bid to raise money for Great Ormond Street Hospital.
South African insurer announces UK deal
South African insurance group Hollard has chosen HomePro Insurance – one of the UK’s leading providers of insurance backed guarantees – as its preferred partner in the UK IBG market, with a view to introducing other leading products to HomePro’s database…
Converium pleased with 1/4 renewal take-up
Recovering reinsurer Converium has announced that at the 1st of April renewals it bound non-life contracts of US$ 272.2m, or 99.5% of the business that was up for renewal.
Moody’s gives Odyssey Re stable outlook
Moody's Investors Service has revised its rating outlook for Odyssey Re Holdings, and its rated insurance operating subsidiaries (insurance financial strength rated A3) to stable from negative. The change in outlook reflects the resolution of issues…
PXRE outlook bleak as 65% of business lost
Reporting 1st-quarter results, Jeffrey Radke, president & CEO of troubled Bermudian reinsurer PXRE was unable to report any progress on the company’s search for strategic alternatives after February's dramatic increase in reserves for Katrina, Rita and…