News
Insurer toasts victory over RSA in contested car hire claim
Royal and Sun Alliance stands to pay "substantial" legal costs in a dispute over a £610 replacement car hire claim, according to insurer DAS. The order to pay the claim and full costs was made in the High Court by the Hon Mr Justice Morison.
DAS unveils new structure
Legal expenses insurer DAS has created two new management roles as part of a reorganisation of its underwriting department under the direction of head of underwriting, Mike Timmons.
Zurich launches Broker Alliance Programme
Zurich, has today announced the launch of its new Broker Alliance Programme, a brand new market offering that recognises the full potential of brokers’ general insurance portfolios.
Lloyd's CEO pays tribute to departing director
Lloyds chief executive Richard Ward has paid tribute to Julian James, director worldwide markets, who is leaving the market to join broker Lockton International at the end of April.
Former Chubb boss takes the reins at Ecclesiastical Ireland
Specialist insurer Ecclesiastical has appointed Ronan Foley as country manager for Ireland, based in Dublin. Mr Foley joins Ecclesiastical from Chubb where he was a UK regional manager responsible for their operations in the South East of England.
Medelowitz leaves BLG to head practice at Norton Rose
Reinsurance lawyer Michael Mendelowitz is jumping ship from Barlow Lyde & Gilbert to head rival Norton Rose’s insurance and reinsurance practice.
Capacity increase no cause for celebration says Lloyd's chief
Lloyd's is preparing to announce record capacity for the 2007 year of account, according to reports.
Lloyd's boss James quits for Lockton
Lockton International has swooped for Chris Brown, Paul Jack, Julian James and Neil Nimmo who will lead its four main business areas as executive chairmen.
CastlePoint in $50m IPO
Bermudian reinsurer CastlePoint Holdings has filed with the SEC for an initial public offering of shares to raise $50m.
Hardy ups dividend after review
Following a recent review of its overall capital management strategy Hardy Underwriting has increased its final dividend for the year ended 31 December 2006 to 10p per share (a 21% increase on last year's dividend of 8.25p);
Alliance & Leicester signs affinity deal with Equity
Equity Insurance Group has signed an affinity partnership for motor insurance with financial services group Alliance & Leicester. The Essex based insurer secured the three-year deal following a competitive tender.
Alec Finch sold
Manchester-based broker Alec Finch has today been sold to French broker Verlingue, which claims to be the tenth largest broker in France. Alec Finch has offices in Halifax, London and Manchester and the move is the first venture outside France for…
European insurance body appoints new director general
Michaela Koller has been appointed as director general of CEA, the European insurance and reinsurance industry federation.
Lloyd's insurer completes disposal
Brit Insurance has agreed final terms for the sale of its stake in Epic Investment Partners Limited to Syndicate Asset Management. SAM will also acquire the other shares in EIP from the other shareholders simultaneously. Completion is expected on 19…
Regional broking powerhouses to merge after Axa swoop
Axa UK has reached agreement with insurance brokers Stuart Alexander and Layton Blackham to acquire both businesses. Axa UK will be acquiring both firms through its subsidiary Venture Preference which already owned 38.9% of Layton Blackham.
RFIB recruits Aon consultant to aid Middle East expansion
RFIB Group, the international Lloyd’s insurance and reinsurance broker, has recruited Bob Naudi to help grow its Middle East presence
Market reform group outlines goals for 2007
The Market Reform Group has produced its plan for continuing to reform London market processes throughout 2007 and beyond.
Alliance & Leicester enters car insurance market
Alliance & Leicester enters the car insurance market today with a pledge that it will beat any renewal quote by £10.
IGI joins online commercial insurance portal
Specialist UK general insurer, IGI Group has joined the panel of new online commercial insurance portal, Broker2Broker, to provide a suite of retail products.
State farm jury awards $2.5m in damages following judicial intervention
A US jury has awarded $2.5 million in punitive damages to a couple who sued State Farm Fire & Casualty for denying their claim after Hurricane Katrina, according to reports.
Marsh establishes $1bn sidecar
Marsh has broken its post-Spitzer duck by once again making a substantial investment in the underwriting market.
Ace brands to remain distinct despite merger
Ace European Group has combined its Global Markets and European divisions to be known as Ace UK.
Channel Islands insurer expands to Malta
The Heritage Group is continuing to expand its business with the announcement that they are opening an office in Malta specialising in insurance services.
Catlin claims Wellington January business retention exceeded expectations
Catlin has declared itself pleased with the January renewals following its merger with Lloyd's rival Wellington.