News
Appointment at Association of Consulting Actuaries
The Association of Consulting Actuaries has elected Ian Farr as its chairman. He is a senior actuary...
A head above the rest
Insurer Zurich has partnered with the Mayor of London to sponsor the restoration of London landmark ...
HBOS signs lucrative household deal
HBOS General Insurance has been appointed as the sole provider of home insurance for IFA Hargreaves Lansdown.
Kiln writes less for more premium as rate rises accelerate
In an AGM statement specialist Lloyd’s (re)insurer Kiln has said trading conditions have shown considerable improvements year on year and this trend, which began immediately after the 2005 hurricanes, has continued and accelerated as 2006 has progressed.
BDML boss takes up new directorship
Supercover Insurance plc has announced the appointment of Sandy Dunn as non-executive director.
Rebrand sees Open GI launched
Misys General Insurance has today revealed its new name and brand identity following the sale of the business to Montagu Private Equity.
Spectrum completes Lloyd's first
Clyde & Co today advised on the first ever Part VII transfer at Lloyd’s completed by Spectrum Syndicate Management. This is the first transfer of business from a Lloyd’s syndicate to an insurance company since legislation was enacted to enable the…
Fledgling business boss welcomes Legal Services Bill
The Co-operative Group, which last month announced a new venture by setting up its own legal services business, has welcomed today’s publication of the draft Legal Services Bill.
Mobile Doctors hails industry saving agency fee ruling
Mobile Doctors has hailed a Court of Appeal decision in Willard v Fowler today which it claims has swept away uncertainty about the payment of medical agency fees and signalled the survival of the medical reports market.
Insurers lose Woollard v Fowler test case
This morning Judgment has been handed down in the case of Woollard v Fowler, a landmark test case on the issue of recoverability of the fees of medical reporting organisations in road traffic accident cases.
Donner joins RenRe as new CFO
RenaissanceRe Holdings has announced that Fred R. Donner is joining the company as executive vice president and chief financial officer. He succeeds John M. Lummis who is retiring from the company effective June 30, 2006.
2006 hurricane season could hit US eastern seaboard
With hurricane season about to begin in the US, experts have said that the coming month would see two-thirds of the activity seen last year, but warned that concentration might move up to eastern seaboard from the Gulf coast.
Arag is planning to enter the UK insurance market
Arag Allgemeine Rechtsschutz-Versicherungs-AG is preparing its entry to the UK. The company filed the appropriate documents on 22 May to initiate the approval process by the Financial Services Authority (FSA). Arag anticipates the official start of…
G6 pilots ‘ground-breaking’ contract checking process
The G6 group of Lloyd’s Managing Agents today confirmed the pilot of a new approach to contract checking. The new process aims to support brokers in achieving contract certainty targets and radically reduce the time involved in the current procedure,…
Lancashire gains $350m letter of credit
Bermudian start-up (re)insurer Lancashire Holdings has announced that it and its wholly owned subsidiary Lancashire Insurance Company Limited have entered into a $350m three-year letter of credit facility.
LMA reply to Richard Ward over contract certainty
The LMA has endorsed the Lloyd's chief executives proposals to implement a new approach to the contract documentation process.
Aon says port premiums bounce after 05 Cat losses
Aon Marine has reported that property premiums have increased on average by at least 40% for global ports and terminals in the wake of last year’s Hurricane season, particularly those operating in catastrophe prone areas.
Max re confirms Nasdaq de-listing notice
Bermudian reinsurer Max re has confirmed that last week it received notice from Nasdaq that its securities are subject to delisting from the Nasdaq National Market.
Axis appoints global insurance president
Bermudian (re)insurer Axis Capital has promoted Richard Housley, currently European division president of AXIS Insurance, to president of Axis global insurance.
Churchill founder Long backs new SME insurer
Churchill founder Martin Long has made his long expected return to the general insurance underwriting arena as chairman of a new SME underwriting start up, M4 Underwriting.
Converium on the mend in 1Q despite 13% premium fall
European reinsurer Converium continued its steady recovery, posting a combined ratio of 94.8% and income of $71.1m on gross written premiums of $655.3m for the first quarter of 2006. The firm also increased shareholders’ equity and posted annualised…
Rehab: medical advisory board to set benchmark
A medical advisory board is to set an industry benchmark for the delivery of rehabilitation services for personal injury cases.
Converium appoints new CRO
Cpnverium has appointed Markus Krall as chief risk officer and member of the Company's Global Executive Committee with effect July 1, 2006. MArcus replaces Hans-Peter Boller.
Budget implements new systems management
Broker Budget Insurance Services has installed new systems management software to support the growth in its online business.