News
Capita secures contract extension with Ascot
Capita Commercial Insurance Services has secured a five-year contract extension to run risk capture, aggregations and pre-bind checking services for Lloyd’s managing agent, Ascot Underwriting.
Helphire cuts 400 staff under restructure
Accident management company Helphire reduced its headcount by more than 400 staff during the last six months of 2010 as part of its business restructure.
Broker Assistance ‘refreshes’ BTE cover
Broker Assistance has made a number of changes to its Xtra Assistance product in preparation for a post-Jackson reforms increased demand in before-the-event legal cover.
Blanc gets carte blanche to change Axa's commercial business
Roy Watkinson has become the first casualty of Amanda Blanc’s shake-up within Axa’s commercial general insurance business, since she took over as chief executive on Monday.
Keychoice signs legal expenses deal
Keychoice Underwriting has teamed up with DAS to provide its broker partners with access to legal protection alongside the existing range of Keychoice commercial products.
Exclusive Climate change content now available
Insurance Insight’s weekly update is now live with an article discussing the outcomes from the recent climate change conference in Cancun; and an interview with QBE’s general manager for Central and Eastern Europe Petko Tonchev on the issues in the…
Exclusive Climate change content now available on Post Europe
Post Europe’s weekly update is now live with an article discussing the outcomes from the recent climate change conference in Cancun; and an interview with QBE’s general manager for Central and Eastern Europe Petko Tonchev on the issues in the region.
Shipping body softens stance on private anti-pirate armies
The International Union of Marine Insurance has welcomed the announcement by the International Chamber of Shipping that it is now taking a more neutral position on the use of private armed security personnel on board ships to protect them from pirates.
Ageas strengthens commercial broker team
Ageas has appointed three new broker account executives to cover the North east, East and West Midlands, and South west.
Channel Syndicate appoints property division head
Lloyd’s Channel Syndicate 2015 has appointed David Leathem as head of its property division.
THB adds to London market team
Insurance broker THB has recruited three new staff to the motor fleet and commercial units of its London market offering
Manslaughter decision to spark health and safety reviews
The first conviction under the Corporate Manslaughter Act will cause companies to review their health and safety procedures, law firm Plexus Law has claimed.
CFC sees operating profit rise 26%
Specialist lines MGA, CFC has recorded a gross premium income rise to £36 million for the year ending September 2010.
Fitch revises Aviva's outlook to stable
Fitch Ratings has revised Aviva’s outlook to stable from negative and affirmed its long-term issuer default rating at 'A'.
Fitch revises Aviva's outlook to stable
Fitch Ratings has revised Aviva’s outlook to stable from negative and affirmed its long-term issuer default rating at 'A'.
Clyde & Co expands Asia team
Clyde & Co has announced Michael Cripps is to join the company’s global corporate insurance practice as a partner.
Willis Networks increases membership
Six new members have joined Willis Networks.
Mitsui strengthens Lloyd’s team
Mitsui Sumitomo at Lloyd’s has made five appointments to it’s corporate, mid-market and regional distribution teams.
Chartis names new head of UK operations
Chartis has named Kate Roy head of UK operations. Ms Roy’s remit will include delivering a consistent approach across the different operational functions in the UK, as well as leading the service proposition and driving operational compliance.
Lloyd's welcomes regulatory clarity
Lloyd's has welcomed clarity on the future of its regulatory structure following publication of a government report today.
BLM: Corporate manslaughter fine a “warning shot”
Law firm Berrymans Lace Mawer has claimed that the fine levied in the UK’s first conviction under new corporate manslaughter regulation is a “warning shot” for businesses.
Lloyd's to be dual-regulated by PRA and FCA under new financial regime
The Government today outlined its view that Lloyd’s and Lloyd’s managing agents should be dual-regulated firms with the Prudential Regulatory Authority responsible for prudential regulation (including the activities of ensuring the adequacy of members’…
Government admits insurance firms pose less "systemic" risk
In outlining its plans for the replacement of the Financial Services Authority today the Government has given the strongest sign yet that it will differentiate between the insurance industry and other higher risk sectors.
Achilles lowers Brit deal acceptance threshold
Achilles offer for Brit Insurance has been declared unconditional after the private equity consortium lowered the threshold for acceptance on its offer from 95% to 80% of issued share capital.