News
FSCS declares 87 firms in default
The Financial Services Compensation Scheme has declared 87 investment firms in default. The FSCS revealed that consumers can claim up to £48,000 if they have lost money from one of the firms.
JLT plummets near to 52 week low after Heath talks collapse
Broker JLT share price has fallen steadily throughout the morning on news that talks with Heath Lambert have collapsed.
MIB completes procurement review
Medico-Legal Reporting has been appointed as a preferred supplier by the Motor Insurers’ Bureau.
XL adds exec to new ‘office of the CEO’
Bermudian (re)insurer XL Capital has announced that Michael Lobdell, a former managing director of New York-based JPMorganChase, will join in September to serve as chief executive – global business services.
Security Capital sets $500m IPO terms
Security Capital Assurance, the credit (re)insurer being spun off from Bermudian (re)insurer XL Insurance, has announced the terms of its impending New York Stock Exchange IPO.
Xchanging launches new model wordings library
Xchanging has announced the launch of Model Wordings Library (MWL), anticipated to be the London insurance market’s first comprehensive, web-enabled wordings repository.
QBE subsidiary securities rated by Moody’s
Moody's Investor Services has assigned a provisional (P)Baa2 rating to the preferred securities to be issued by QBE Capital Funding LP (CF), a limited partnership with General Partner, a private limited company and wholly owned subsidiary of QBE…
Insurers converting well to IFRS, claims survey
Major global insurers have responded well to the enormous challenge in moving to International Financial Reporting Standards (IFRS) and many companies have gone beyond the minimum of disclosure required to comply, as evidenced by the sheer weight of the…
JLT offers no further comment on Heath talks collapse
JLT has offered no comment on the termination of talks with Heath other than a one line statement to the Stock Exchange at 9:19am.
New names linked with Heath after JLT bid fails
New names have already been pushed forward as potential bidders for Heath Lambert after it called off talks with JLT this morning.
Heath pulls plug on JLT talks claiming deal not in "best interests of staff and clients"
Heath Lambert Group has this morning ended talks with Jardine Lloyd Thompson. Discussions had been taking place for a number of weeks with the view to JLT buying Heath Lambert.
Primary unveils London market business restructure
Primary Group, the Bermudan based insurance distribution company,this morning announced the results of its strategic review of its ‘wholesale’ broking operations in the UK.
Aviva boss Harvey hails deal as "important strategic move"
Norwich Union's parent Aviva has announced that it has agreed to acquire AmerUs Group in a transaction recommended by the board of AmerUs, for approximately $2.9 bn (£1.6 bn) in cash, financed by a £900m equity placing, internal resources and external…
Axa PPP gets into step
Healthcare insurer Axa PPP has completed a 10-day training exercise in order to educate its staff ab...
Industry looks to employers for definition
Financial services employers have been asked to define the skills and knowledge that they consider d...
Ask the Expert
Q: I keep stumbling at second interview stage. How can I improve my chances? A: Failing to get thro...
Ecclesiastical bursary to support heritage projects
Ecclesiastical Insurance has launched a five-year bursary scheme on heritage projects. The scheme h...
Insurance fund takes team
Fund manager Insurance Capital Partners is targeting an analyst team from Lloyd's member's agent Ham...
Lloyd's climate change debate lacks true meaning
Lloyd's opening debate on climate change has been criticised for providing "little true weight" and ...
PI lawyer value queried
Hiring a lawyer to fight a personal injury claim will not secure higher or faster compensation - in ...
Appointment at Multiassistance
Multiassistance has appointed Sarah Wood as sales and marketing manager. Previously, Ms Wood worked ...
Appointment at Allianz Cornhill Engineering
Allianz Cornhill Engineering has appointed its fourth specialist insurance risk surveyor. Philip Har...
RSA closes two offices in cull
Insurer Royal and Sun Alliance has initiated the first round of its 1000 job cuts, slashing 370 jobs...
Broker eyes London deals
Start-up Lloyd's broker Colemont UK has said it is planning strategic acquisitions in London. The c...