News
JLT Risk Solutions expands energy business unit
JLT Risk Solutions has expanded its energy business unit by 50%. The broker said it had grown from 3...
Appointment at Misys
Misys has appointed Hameed Alkhersan to the role of account manager, to support brokers in north Lon...
Lloyd's pulls out of redundant Kinnect
Lloyd's may never attempt to build its own electronic infrastructure again, after finally pulling th...
Claims firms must buy PI, warns Hunt
Claims management companies must buy professional indemnity insurance or not be allowed to practice,...
Capita confident about Digilog
Capita is set to promote Digilog heavily this year, having started a pilot to use the voice stress a...
Caravan Guard on lookout for new acquisition
Specialist broker Caravan Guard is on the acquisition path, following a deal last year to take on Ro...
Appointment at Howden
Lloyd's broker Howden has made Andy Bragoli group broking director. Tim Coles, chief executive offic...
Appointment at Bupa
Lee Lovett has been appointed to the role of head of risk and product management, Bupa Group Risk. M...
Beale and Company to open in Bristol
Law firm Beale and Company is opening an office in Bristol that will be led by a new partner: profes...
Integrity Claims Management joins with Assert Personal Injury Advisers
Two Yorkshire-based companies providing claims services to the broking sector have merged. Uninsured...
Heath Lambert releases market report
Broker Heath Lambert has released its annual insurance report, “State of the Market 2006: a view of the insurance landscape”. The report provides an overview of the key markets Heath Lambert operates in, analysing trends from the past year and…
Business 'needs to wake up' to flu pandemic
British business is not prepared for the implications of an influenza pandemic, according to speakers at conference hosted by broker Aon. The conference was held to discuss the UK’s state of preparedness for a major pandemic following recent news of bird…
Thatcham's 250th part accredited
The 250th crash repair part has been accredited at Thatcham, the Motor Insurance Repair Research Centre. Thatcham’s Parts Accreditation Scheme was developed following a request from UK insurance companies to provide repairers with an alternative choice…
New scheme for white van drivers
Van drivers will soon benefit from a new advanced driving scheme launched by Transport Secretary Alistair Darling today.
Revios Re has ratings affirmed by AM Best
AM Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Revios Rueckversicherung AG (Revios) (Germany). The outlook for both ratings is stable.
Administrators appointed for Rubicon
Andrew Pepper, Peter Saville and Fraser Gray, partners in Kroll’s Corporate Advisory & Restructuring Group, have been appointed joint administrators to The Rubicon Corporation, the business process outsourcing company for the insurance industry. In…
Primary Group acquire Traveller Protection Services
Primary Group Limited has acquired Travellers Protection Services Ltd (TPS), a Norwich-based Insurance Intermediary specialising in both indirect (‘affinity’) and direct sales of travel and other insurance products. The purchase price is undisclosed.
Lloyd's pulls plug on multi-million pound Kinnect
Lloyd's has decided to withdraw funding for the Kinnect programme following a review. In a statement the Lloyd's Franchise Board said it had decided that the platform was not optimal in ensuring more efficient business processes for the Lloyd's and…
Shakespeare Underwriting calls in administrators
Insurance Age has learnt that Shakespeare Underwriting – with offices in Caerphilly, Romford and Rugby - has called in the administrators. Insurance Age understands that a rescue package is however presently being sought.
Hank Greenberg wins legal skirmish with AIG
Maurice (Hank) Greenberg, the former chairman of American International Group (AIG), who was accused of accounting fraud in 2005, has won the right to see an AIG report used to blame him for the insurer’s $3.9bn restatement last year.
Omega CEO gets 1.5m share incentive
Lloyd’s and Bermuda (re)insurer Omega has granted its CEO Richard Tolliday nil-cost options on 1.5m ordinary shares under a long-term incentive plan.
XL pulls out of Sovereign political risk venture
political risk specialist Sovereign Risk Insurance Ltd , a joint venture between Bermudian (re)insurers ACE and XL has announced that from Februaury 1 the company will become wholly owned by ACE and write business solely for ACE.
Martin appointed COO at AIG
American International Group, (AIG) has named Rodney O. Martin, Jr. chief operating officer of AIG's worldwide life insurance business.
AM Best affirms Glacier Re
AM Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-”of Glacier Reinsurance AG (Glacier Re) (Switzerland). The outlook for both ratings remains stable.