News
XL completes management review
XL Capital has announced a number of executive management changes as part of a regular senior management review with changes taking effect on 1 November, 2004.
FSCS declares 33 more in default
The Financial Services Compensation Scheme (FSCS) is encouraging consumers to get in touch if they may have lost money as a result of their dealings with any one of 33 firms recently declared in default by the Scheme.
Non-exec posting to Forbes' board
Alexander Forbes has appointed Jannie Durand as a non-executive director to the board.
Wellington reviews hurricane losses
Wellington Underwriting has reviewed the potential financial impact of the four recent hurricanes Charley, Frances, Ivan and Jeanne on its underwriting results.
Heath property four leave for HSBC
HSBC Insurance Brokers has boosted its international property division by recruiting 4 senior market figures from rival Heath Lambert.
Deal boosts breakdown and warranty provider
Europ Assistance Group, the roadside breakdown assistance and warranty services provider, has bought the ICARE Group.
Willis continues acquisition spree
Willis has bought the business portfolio of Hong Kong-based Grande Insurance Brokers. Terms of the transaction were not disclosed.
Marsh announces Pru tie up
Medisure, the healthcare management arm of Marsh, is to provide PruHealth with clinical case management services, following PruHealth’s UK product launch yesterday.
European insurers welcome gender decision, despite December deadline
European insurance trade bodies have welcolmed the preliminary agreement struck by the EU Council for Employment and Social Affairs on the draft directive on equal access to and supply of goods. However, there was dissapointment that a final decision…
Legal action against private equity professionals can go up
Almost 40% of private equity practitioners believe legal action against their firms and executives will increase, according to research published by Marsh.
Crawford appoints major loss duo
Crawford & Company has recruited Nick Michell and David Damsell to strengthen its UK corporate and major incident team.
Self financing of risk threatens insurance sector in Europe says Ferma
The introduction of new regulatory regimes and corporate governance legislation, combined with increasing maturity in the management of risk, is today driving the development of the risk management function in European companies and its relationships…
Endurance Re takes on XL Re surety business
Endurance Specialty’s U.S. subsidiary, Endurance Reinsurance will acquire the majority of XL Re America's surety reinsurance business, it has been announced. Endurance Re will acquire the majority of XL Re's surety reinsurance business on a prospective…
Sian Fisher returns as intermediary agency head
Former Hiscox managing director Sian Fisher has returned to the industry as head of agency operations at newly-formed Oxygen Insurance Brokers.
RSA secures fleet contract until 2011
Royal & SunAlliance has renewed its contract to insure the Motability fleet, (provision of cars for disabled people within the UK), and will continue as sole provider of motor insurance for Motability fleet customers. The insurer has held the Motability…
Insurers allowed to use gender to set premiums
The European Commission has agreed to allow insurers to keep using gender data to set premiums.
Allianz Cornhill appoints Higgs and Sons for legal panel
Black Country law firm Higgs and Sons has been appointed by Allianz Cornhill Legal Protection as its panel solicitors to handle a variety of legal issues on behalf of their customers.
Saga MBO for £1.35bn
The management of Saga, supported by Charterhouse, have agreed an MBO of the company for an enterprise value of £1.35bn.
Polaris and Sirius agree imarket integration terms
Polaris UK and Sirius Financial Systmes have agreed imarket integration terms that will allow brokers to enter data into their own system.
HBOS GI acquires medical agency
Mentor Professional Services, part of HBOS General Insurance, has acquired Liverpool-based medical agency, Micrah Services.
BDML appoints new board member
BDML Connect has promoted Mark Townsend to the role of chief operating officer and he will become a member of its board.
Willis acquires CH Jeffries Insurance Brokers
Global insurance broker Willis Group Holdings has completed the acquisition of CH Jeffries Insurance Brokers Limited, a North West England-based broker with annual revenues of approximately £2.5 million. The transaction, whose terms are not disclosed, is…
Aon begins CEO search
Aon has announced it is searching for a new chief executive after Patrick Ryan confirmed he will step down once a successor is found.
NIG pushes motor scheme
NIG is reinforcing its Guaranteed Bonus Scheme through a new marketing initiative to brokers, enabling personal lines policyholders to stay at the maximum no claim bonus level, irrespective of the number of claims made.