News
Clarification re Everest re article April 2007 pages 18-19
In last month’s (April 2007) issue of the magazine we ran an interview by the journalist Mairi Mallon with Joe Taranto of Everest Re, charting his meteoric rise to chief executive and chairman of this global reinsurer.
QBE swoops on Ambrose and Boultwood for aviation push
QBE has announced two appointments at aviation syndicate 5555. Tony Ambrose has joined Syndicate 5555's products and airports team as an underwriter.
Lawyers praise small claims decision
Lawyers today applauded an announcement from the Lord Chancellor, Lord Falconer, that he would not raise the small claims court limit for personal injury claims.
Novae enters international general liability market
Novae has moved into the international general liability market with the recruitment of two senior underwriters to Syndicate 2007.
DCA publishes long-awaited personal injury claims paper
The Department for Constitutional Affairs has today published the long-awaited ‘Case track limits and the claims process for personal injury claims’ consultation paper.
NIG adds motor legal protection to Commercial Fleet product
NIG is adding free motor legal protection cover to its Commercial Fleet product from the 1 May this year. The extended cover will apply to both new and existing policies incepted or renewed from this date.
Budget deal with M&S extended to 2011
M&S Money has extended its partnership with Junction, the UK’s leading affinity insurance provider for a further two years, to 2011.
M&S extends affinity partnership with Junction until 2011
M&S Money has extended its partnership with Junction for a further two years, to 2011.
Marsh appoints Grint to UK operations role
Marsh has promoted Colin Grint to the role of head of UK operations. Mr Grint will be based in Marsh’s Norwich office and will report to Patrick Mina, head of operations for Europe, Middle East, Africa and Asia Pacific.
APC to promote property owners business to brokers
Commercial insurance underwriting agency Anglo Pacific Consultants is offering bespoke delegated binding authorities to selected brokers for property owners business.
S&P downgrades IPCRe to A-
Ratings agency Standard & Poor's has downgraded its financial strength ratings on Bermudian property catastrophe reinsurer, IPCRe to A- from A, blaming the firm’s lack of diversification.
Converium triples income
Converium has revealed its income tripled to $150m in the first quarter of the year compared to the same period in 2006.
Industry is failing to provide adequate terrorism cover says research
Nearly 80% of travel insurance providers do not provide terrorism cover for medical costs as standard, according to a survey by the British Insurance Brokers’ Association.
Blanc, Sinclair and Lark join up to boost broker expansion
The Faculty of Insurance Broking has appointed four new members to its advisory board in an effort to help it to continue to expand its reach within the market.
Iprism hires two product development managers
Iprism underwriting agency has appointed two new product development managers.
Industry warned over severe skills shortages
Action is needed to close a growing skills gap in the insurance and financial services sector or the UK faces the prospect of reduced international competitiveness, the Chartered Insurance Institute has warned.
Towergate reports 51% growth in earnings
Broking consolidator Towergate has reported a 51% growth in earnings from £62.7m in 2005 to £94.4m.
Solicitors' donation helps spinal unit
A donation from specialist motor insurance claims law firm Fletchers Solicitors has enabled Southport & Ormskirk Hospital NHS Trust’s Regional Spinal Injuries Centre to purchase vital rehabilitation equipment. The donation will aid in the rehabilitation…
RFIB in private equity buyout
Lloyd's broker RFIB Group has announced a buyout funded by Fleming Family and Partners private equity.
Canopius reports increased profits and boardroom reshuffle
Canopius Group has announced record results for the year ended 31st December 2006 with profits rising to almost £20m. In addition, the board will soon witness a reshuffle, with Michael Watson relinquishing his role as head of the group's managing agency…
CII green light for board revamp
The Chartered Insurance Institute has been given the green light to overhaul its structure to modern...
Training for retaining
While a good pay package is still desirable for managers, career development is king, as Jo Causon writes
Broker eyes top advisers
A Yorkshire-based insurance broker is expanding its operations with the launch of an online recruitm...
Crawford MA programme for future stars
Loss adjuster Crawford and Company has launched a Masters programme in the UK in partnership with An...