News
Appointment at Oxygen
Two senior executives from Aon are to join Oxygen Insurance Brokers. Craig Kingaby, formerly head of...
Heritage Underwriting appoints Marc McLean
Heritage Underwriting Agency has appointed Marc McLean to underwrite personal accident business for ...
Corporate Manslaughter Bill scope of liability set to widen
The Government’s decision to proceed with the proposed Corporate Manslaughter Bill was today welcomed by TUC General Secretary.
Regulation needs professional standards, says CII President
Increasing consumer confidence and awareness of the need for long-term savings, combined with the FSA’s principle-based approach, is creating a real opportunity for the industry, according to a senior insurance figure.
Absence management service adopted by housing association
Active Health Partners announced today that the Peabody Trust, one of London's largest housing asociations, has agreed to commence the absence management provider’s nurse-led absence reporting service.
Heath Lambert to service Police
The Public Sector Unit of Heath Lambert National has been appointed general broker to the South East and Eastern Region Police Insurance Consortium.
Highway results show steady improvement
Motor insurer Highway Insurance has reported premium revenue rose to £242.9m in 2005 from £225.6m the previous year and the company's profit before tax increased by £6.1m to £27.3m.
Oval makes further two acquisitions
Intermediary consolidator Oval has made a further two acquisitions, bringing its total number of purchases to ten.
CSC responds to Boleat
The Claims Standard Council has published a response to Mark Boleat's report on its suitabilility to be regulator of claims management firms.
Boleat reports on CSC
Mark Boleat's report on the Claims Standards Council has been published today.
Hannover Re Praetorian launch puts US specialty future in doubt
Global reinsurer Hannover Re has announced that all its US specialty business is to be transferred from Clarendon Insurance Group to a new company called Praetorian Financial Group. However, the cryptically worded statement casts doubt as to Hannover's…
JLT shares crash
Jardine Lloyd Thompson share price dropped to 389.50 pence by lunchtime today following its results announcement.
Quanta directors raise their fees
The board of directors at troubled company Quanta Capital Holdings have raised their fees, despite the increasingly shaky financial state of the company.
Run-off market continues to grow
At least 23% of the reserves held in non-life business in the UK are now related to the run-off market, according to the Association of Run-Off Companies (ARC).
RSA combined ratio likely to rise says Analyst
Analyst Keefe Bruyette and Woods said it expects a limited deterioration in Royal & Sun Alliance's combined ratio to 95.2% from the fourth quarter when it reports its full year results on Thursday morning.
Converium to sell stake in Danish aviation insurer
Swiss reinsurer Converium has announced today that it has agreed in principle to sell its shareholdings in Nordic Aviation Insurance, a general aviation insurance company based in Denmark.
Equity appoints Castagno as broker boss
Equity Insurance has announced the appointment of John Castagno as managing director, Direct Broking.
Heritage to enter personal accident business
Heritage Underwriting Agency has appointed Marc McLean to underwrite Personal Accident business for Syndicate 1200, a new line of business for the syndicate and for the agency. Mr McLean will start on 1 May 2006.
Lloyd's confirms Richard Ward as new CEO
Richard Ward has been confirmed as the new chief executive of Lloyd’s after weeks of speculation.
OFT in the frame to regulate claims farmers
The Office of Fair Trading has entered the frame as another possible regulator for claims management companies, Post Magazine has learned.
JLT expects only "modest improvement" in 2006
Jardine Lloyd Thompson today admitted it only expected a “modest improvement” in group fortunes during 2006 as it reported lower profits for the year ended 31 December 2005. Fees and commissions climbed to £484.4m (2004: £468.1m), while profit before tax…
Admiral profits soar; admits Spanish direct launch plans
Admiral has reported a record annual result with a core profit(1) of £122.1 million for the year to December 2005, an increase of 21% over the previous year. Group turnover, comprising total premiums written, gross other income and investment income,…
Campbell announces new Liberal shadow cabinet
Sir Menzies Campbell MP, leader of the Liberal Democrats, today announced six appointments to his new Shadow Cabinet.
Consolino appointed CFO of Validus
Validus Holdings, has announced that Joseph E. (Jeff) Consolino has been appointed chief financial officer and executive vice president of the Company and its wholly-owned subsidiary, Validus Re. Mr Consolino will relocate to Validus’ headquarters in…