News
Tsusaka new chairman of GAB Robins
Loss adjuster GAB Robins Global has appointed Jun Tsusaka as chairman of its global operations. Joseph Zubretsky will remain as president, chief executive officer and director, globally.
Peter Seymour expands marine role at Ace Overseas General
Peter Seymour has been made senior vice president, Marine for ACE Overseas General (AOG) with responsibility for all ACE's marine business outside the USA. The new role will include a focus on profitably growing AOG's marine business and ensuring that…
Levy by the Financial Ombudsman on complaints tilts field against brokers
The cost to insurance brokers of having a consumer complaint investigated by the Financial Ombudsman Scheme could make it uneconomic to contest many smaller claims for compensation- no matter how unjustified - said insurance law firm, Reynolds Porter…
Biba concerned by low number of FSA registrations
The British Insurance Brokers Association (Biba), has today issued a warning to those in the industry who are yet to apply for their FSA registration, that time will soon be running out.
MMA reveals increased broker network agency subscriptions
Over 100 brokers have applied for agency status with MMA Insurance, in response to a deal struck between the insurer and Misys' Countrywide broker network last month.
Homeowners paying too much for insurance claims survey
Homeowners are paying around £2.06bn a year too much for their home insurance, the equivalent of £122 for each household, according to Bristol-based financial services company, Consumer Intelligence.
Axa boosts commercial team
Axa has announced three senior appointments within its commercial senior management team.
CMGL wins Australian reinsurance run-off contract
Claims Management Group has been appointed as run-off manager to the Australian New Cap Reinsurance Corporation (In Liquidation), following a competitive tender
JLT reports increase in profits and revenue
Broker Jardine Lloyd Thompson today reported an increase in turnover from £388.6m to £429m for the year ended 31 December 2003.
Heath in talks over disposals
Heath Lambert is looking to sell several of its offices in Latin America to Jardine Lloyd Thompson, as part of its review of operations across the world.
FM Global reports UK success
Industrial property specialist FM Global saw its UK gross written premium rise 16% in 2003 to US$571m (£332m) for the year ended 31 December 2003. It now aims to provide insurance and risk management services to more than one third of manufacturing,…
QuestGates appointed to Teachers panel
Loss adjuster QuestGates has been appointed, along with Cunningham Lindsey, to be the adjuster for Teachers Assurance Company.
National forms alliance with Hiscox for high net worth
National Australia Group’s UK insurance division, National Australia Insurance Services, has launched a high net worth home insurance product in conjunction with Hiscox.
Towergate acquires HHH specialist scheme business
Towergate Underwriting Group is about to acquire part of Hill House Hammond's specialist scheme business for an undisclosed sum, reports Insurance Age ( http://www.insuranceage.com ) .
Spending spree at Arthur J. Gallagher
Arthur J. Gallagher’s acquisition strategy has continued with the purchase of Texas based The Romine Group. Terms of the transaction were not disclosed.
Catlin float expected soon
Lloyd’s insurer Catlin is preparing to come to the market in the next few weeks with an estimated capitalisation of £700m to £800m, according to reports.
Aon releases film risk map
Broker Aon/Albert G Ruben has released an innovative global risks in filmmaking map.
Court rules on HIH contracts
The New South Wales Supreme Court has approved a deed that will return approximately Aus$300m to the liquidators of collapsed Australian insurance company HIH.
£5bn wasted on employee benefits
Almost £5bn a year is being wasted on undervalued employee benefits, healthcare scheme administrator...
J&M plans to double staff
Underwriting agency J&M Insurance Services is looking to increase its staff numbers from 50 to just ...
Munters launches web-based learning school
Property damage restoration firm Munters has launched a web-based 'school' for its managers. The co...
Know your rights: This month - Equal Pay
With pay differentials between the sexes continuing, David Fleming spells out the legal position
Risk management body warn school trips could cease over litigation fears
Alarm, the national forum for risk management in the public sector, today warned that traditional school trips could be abandoned because those in charge fear the prospect of being blamed for accidents.
Hannover Re issues more hybrid capital
Hannover Re has successfully placed a subordinated bond debt issue of €750m in the European capital markets. The bond, which was issued via its subsidiary Hannover Finance, was oversubscribed several times.