News
Talbot poaches Wellington and Creechurch teams as it announces 6% capacity rise
Lloyd's underwriter Talbot is increasing the capacity of its Syndicate 1183 to £325m for the 2007 year of account. This represents an increase of 6% over 2006 capacity of £307 million.
Arista completes Bristol underwriting teams
The new commercial lines underwriting operation Arista has announced further details of its Bristol office, which was opened last month under the leadership of South West regional manager David Aslin.
New FSA websites for small firms
The Financial Services Authority (FSA) has published a suite of new web pages aimed specifically at small firms to help them understand more principles based regulation in terms of Treating Customers Fairly.
Deloitte: Motor insurance premiums fell in 2006
Motor insurance premiums for new business have fallen by 2% so far this year according to the latest Quarterly Motor Insurance Market Report by Deloitte.
Windsor MBO delayed until New Year
Lloyd's broker Windsor has said its potential takeover by management will be concluded either way by the end of January.
Groupama wins race to acquire Carole Nash
Groupama UK has confirmed that it has today completed the purchase of the share capital of Carole Nash Insurance Consultants Limited for an undisclosed sum. The acquisition has received formal regulatory approval from the FSA.
£1.3bn Lloyd's merger avoids date with competition regulator
The UK's Office of Fair Trading announced this morning not to refer to merger of Lloyd's underwriters Catlin and Wellington to the Competition Commission.
Bermuda hikes registration fees 260% to pay for new BMA staff
The Bermuda Government has passed a bill increasing Bermuda Monetary Authority fees for banks, trusts and insurers to help fund 30 new globe-trotting regulators.
Catlin unveils expansion plan
Catlin has announced planms to establish four new European offices in early 2007 in Paris, Barcelona, Zurich and Innsbruck.
Aon in liability plea
Aon today urged UK businesses to take part in the Department for Environment, Food & Rural Affairs consultation on the EC Environmental Liability Directive.
Crawford appoints casualty technical manager
Crawford & Company UK has appointed Mark Perkins as a technical manager in its casualty division based at the company’s Ipswich office.
Swinton in major merger move
Swinton Group is merging with internet motor insurance broker its4me.co.uk.
Indian legal reforms slow Lloyd's expansion plans
Lloyd's plans to expand its business in India have been delayed, the corporation said today.
Hannover Re rating unchanged at AM Best following sale
A.M. Best has commented that the financial strength rating of A (Excellent) and the issuer credit rating (ICR) of “a” of Hannover Re will remain unchanged following the company’s announcement that it has agreed to sell Praetorian Insurance Group to QBE…
S&P improves outlook on Canopius
Standard & Poor's has revised its outlook on Canopius Managing Agents - Syndicate 4444 to positive from stable. At the same time, Standard & Poor's affirmed its Lloyd's Syndicate Assessment of '2+' (high dependency) on the syndicate.
Gallaghers and Nymex launch property insurance futures trading
Gallagher Re, the specialist reinsurance intermediary and advisory firm, and the New York Mercantile Exchange (NYMEX), the commodities exchange, today announced that they have reached an agreement whereby NYMEX will list for trading and clear Property…
Brit re-enters retro with $100m Norton Re Bermuda start-up
Lloyd’s and UK company (re)insurer, Brit has announced that it is to launch a specialist Bermuda-based reinsurance company, Norton Re Insurance to write catastrophe retrocession business.
Hiscox opens Manchester office
Hiscox has announced the next stage of its UK expansion plan with the opening of a new office in Manchester.
Equity aims for greater regional presence
Equity Red Star has established a new sales team, charged with developing a strong regional presence for the insurer.
Bike insurer reports stable new business growth
Bennetts has revealed today that despite signs of a slowing market, it has experienced 80 percent growth since its acquisition in October 2001.
Crawford in African push
Crawford & Company is pleased to announce that it has entered into an Associate Agreement with Toplis & Harding in Tanzania.
Peninsula joins imarket with law and health advice
imarket brokers can now offer employment law and health and safety advice to clients thanks to help from Peninsula Business Services.
Allianz set to expand broker training course
Allianz Cornhill is set to expand the offerings of its Key Partner programme in 2007, offering a pac...
CII to have new look in 2007
Proposals to make the Chartered Insurance Institute more transparent, representative and inclusive h...