News
Homeserve walks away from Domestic & General
Homeserve has withdrawn from potential discussions relating to a bid for Domestic & General. In a statement the company said "following a period of negotiation, Homeserve has decided not to pursue an offer for D&G and has accordingly withdrawn from the…
Tributes paid to "caring" Prime Professions man
Prime Professions associate director Mark Allison has died from cancer at the age of 39.
International Insurance Society appoints Duperreault as chairman
The International Insurance Society announced the election of Brian Duperreault, director and former chairman, president and CEO of ACE Bermuda, as itsnew chairman.
Indie Trial: share certificate disappeared
Michael Bright never received his share certificate for the final tranche of options he bought for £71 000 just four months before the company folded, it emerged today. The revelation came as Mr Bright took the stand for a third day, as Jonathan Swift…
Share certificate disappeared
Michael Bright never received his share certificate for the final tranche of options he bought just four months before the company folded, it emerged today. The revelation came as Mr Bright took the stand for a third day, as Jonathan Swift reports .
Singapore-based insurer completes solvent scheme transfer
Whittington has announced the completion of a Solvent Scheme of Arrangement for a Singapore-based insurer Lion City Run-Off (formerly the Offshore Insurance Fund business of The Insurance Corporation of Singapore).
GHL announces internal promotions
GHL Insurance Services the appointed UK service provider to Gibraltar based insurers Link and Zenith has announced number of internal promotions as part of its ongoing product rationalisation process.
Lloyds TSB appoints Lozano for institutional insurance business
Lloyds TSB Corporate Markets has appointed Gabriela Lozano as a relationship manager in the institutional insurance arm of its Financial Institutions team.
Loss adjusting CEO resigns
The Axis board has announced that Peter Shortland the chief executive has resigned from the company.
Staff were scared says Bright
The finger of blame shifted to Michael Bright’s senior management today, but the former boss acknowledged how their fear of him may have led to them keeping their actions secret, compounding Independent’s woes. Ralph Savage reports .
Former Standard Life CEO Bell passes away
Former Standard Life chief executive Scott Bell CBE has died aged 65.
Moody's: US sub-prime crisis has limited impact on European insurers
The current crisis in the US sub-prime market and the related uncertainty surrounding structured vehicles will not have a direct material impact on European insurers.
New car catastrophe product from AA Warranty
AA Warranty has launched fully comprehensive car ‘catastrophe’ cover designed to appeal to motorists who only want cover for expensive mechanical breakdown.
SSP transacts first live policy on i-market
IT provider SSP has transacted its first live policy – through its integrated imarket panel currently in pilot phase with a small number of brokers.
Aon warns UK broadcasters on reputational damage
Aon has warned the broadcasting and telecommunication sector about the impact on their reputation subcontractors can have.
Carvill teams up with energy derivatives broker TFS
Reinsurance broker Carvill and Tradition Financial Services (TFS) Energy, an inter-dealer broking of over-the-counter (OTC) and exchange-traded physical and derivative products, have announced an agreement to form an insurance derivatives brokerage…
Broker strikes 17th deal
Woodstock Insurance Brokers has announced its 17th acquisition.
Legal expenses insurers in tie up
Bristol-based legal expenses provider Arag has secured a strategic tie-up with ATE in an effort to broaden its penetration into the after- the-event legal expenses market.
Collapse cost Bright's £59m fortune
Michael Bright’s defence continually pointed to the huge personal fortune he had tied up in Independent, as the former chairman took the stand today, writes Ralph Savage .
NU promises 100 more on-site account execs
Norwich Union is to increase its Broker Onsite Underwriting Service with a further 100 business account executives over the next 18 months.
Aon boosts north of the border team
Aon has strengthened its Scottish unit by making five new appointments to its property and public sector teams.
Bright points finger at Rutter on first day on the stand
Michael Bright broke down in court today as he recalled driving himself and his senior management “mad” in the years leading up to Independent’s collapse. Ralph Savage reports .
Novae Syndicates announces reshuffle
Lloyd's (re)insurer Novae Syndicates has announced several management changes to its Syndicate 2007 - following the decision of active underwriter Alan Hicks to retire later this year.
Belfor launches Cutty Sark restoration work
Belfor UK has been appointed to help the specialist conservation of the Cutty Sark, after it was damaged by a fire in May.