News
Former senior manager at Cologne Re has been 'prohibited'
A former senior manager at Dublin-based Cologne Re has been "prohibited" from performing any control...
FSA issues warning over broker cover
Another broker has gone into administration after the Financial Services Authority discovered it cou...
Appointment at GAB Robins
Edward Troy has been named chairman and chief executive officer of GAB Robins. Mr Troy joined the co...
Appointment at Craftinsure.com
Rod Daniel, previously with Zurich subsidiary Navigators and General, is joining specialist internet...
Dunlop resigns at Highway, former RSA boss Gamble named exec chairman
Richard Gamble, the former group chief executive of Royal & Sun Alliance has been named as the new executive chairman of Highway Insurance. The role is temporary, while the insurer seeks a new chief executive.
Open GI makes new board appointments
Broker software house Open GI has appointed two new members to its Board.
Marsh appoints new risk consulting leader
Marsh, has appointed James Maxwell as a senior vice president within its risk consulting practice.
Axa first half results to see 12.5% earnings rise
AXA is due to report its first half results on Thursday 3 August. Analyst Keefe Bruyette and Woods today projected underlying earnings (AXA basis) of €1.98bn ( £ 1.35bn) (1H05: €1.76bn). This is in line with the long-term 15% target growth rate.
Universal Salvage returns to profit
Universal Salvage has reported increased turnover of 13% to £56.4m (2005: £49.7m) for the year ending April 29 2006. Operating profit, before exceptional items, of £0.9m contrasts last year's loss of £0.9m
Quinn Direct claims top three spot as profit jumps 38%
Quinn Direct made a pre-tax profit of €123m in the six-month period to the end of June 2006. This represents an increase of 38% over the first half of 2005.
RSA wins Towergate and Westinsure personal lines deals
Royal & Sun Alliance has revealed two broker-based home and motor deals, with Westinsure and Towergate.
Brownsword leaves Capita
David Brownsword, who sold his fraud investigation company to Capita in 2004, is to leave the company as part of a restructure.
Ace acheives record £311m profit for Q2
Insurer Ace has reported net income for the second quarter ended June 30, 2006 of $573m (£311m), compared with net income of $467m for the same quarter last year.
AIG continues to shed Starr links
American International Group has ended an agency relationship with American International Marine Agency of New York (AIMA), a subsidiary of CV Starr, another move in the insurer's campaign of separation from its former chairman and chief executive…
Norwich Union to close Liverpool centre; 300+ jobs could go
Norwich Union is to close its customer service centre in Liverpool by the end of October, which could lead to 321 redundancies.
Crawford in talks to buy liability specialist
Crawford and Company is in discussions with regard to the acquisition of liability specialsit SLS.
Lloyds TSB Insurance buys Pearl's GI book
Lloyds TSB Insurance has acquired the new and existing general insurance business of Pearl Group.
Legal Services Bill goes too far says Committee
A joint Lords and Commons Parliamentary Select Committee has today raised concerns over various aspects of the Government’s draft Legal Services Bill, most notably potential damage it might cause to the independence of the legal profession.
FSA censures broker boss
The Financial Services Authority has today published a Statement of Misconduct against Mr Steven Leslie Davis for falling well below acceptable standards in the way that he carried out his duties as a director of his firm. His misconduct led to…
Catastrophes notch up large bill for year so far
Catastrophes caused an estimated $3.7bn in insured property damage during the second quarter of 2006, according to the Insurance Services Office’s Property Claim Services.
Arnoldussen joins Munich Re Board
Munich Reinsurance Company's Supervisory Board has appointed Dr Ludger Arnoldussen to the Board of Management with effect from 1 October 2006. Up to now, he has been Chairman of the Board of Management of Swiss Re Germany AG, Munich.
Everest Re reports ‘record’ Q2 results
Everest Re Group has reported record second quarter 2006 after-tax operating income, which excludes realized capital gains and losses, of $218.7m, a 26.2% increase compared to $173.3m, in the second quarter of 2005. Second quarter 2006 net income…
Broker backs new online motor push
An online insurance provider aimed at offering insurance for motor vehicles that are at least five years old is set for a major marketing push.
PWS CEO Messent steps down
PWS Holdings, the specialist independent international reinsurance broker, has announced that Julian Messent has stepped down from his position as CEO, in order to concentrate on his business production and broking activities. He remains on the board.