News
AWAC hires Morgan for ceded reinsurance
Bermudian (re)insurer Allied World Assurance Company (AWAC) has announced that Susan Morgan has joined as its senior vice president, ceded Reinsurance. In her new position, Ms Morgan will analyze AWAC's global book of business and purchase reinsurance…
UKI lays off 100 staff
Royal Bank of Scotland Insurance’s subsidiary UKI Partnerships has made around 100 staff redundant, following a review of the company’s operations.
Powell takes on LMA motor role
David Powell has been appointed motor manager at the Lloyd’s Market Association. Mr Powell joins LMA from the Association of British Insurers and takes over the role from Roger Jones, following his retirement.
Loss adjuster amalgamates offices
Cunningham Lindsey's loss adjusting services operations in Birmingham and Leicester have amalgamated and moved to a single space, located at Birmingham Business Park, Solihull, adjacent to Birmingham International Airport.
Kiln in massive catastrophe expansion for 2007
RJ Kiln, the Lloyd's managing agency wholly owned by Kiln plc, has said it aims to increase its overall capacity by 25% on 2006, bringing total capacity to over £1 billion for 2007.
Fitch affirms Mapfre ratings
Fitch Ratings has affirmed its Insurer Financial Strength rating of 'AA-' (AA minus) on Mapfre Mutualidad, the Spanish motor insurer and parent company of the Mapfre insurance group.
Loss adjuster recruits former GAB COO to develop UK network
Loss adjuster MYI Limited has recruited Trevor Latimer as director, UK Operational development.
Towergate brings in new finance director
Towergate has announced the appointment of Ian Patrick as group finance director. Patrick's most recent position was group finance and operations director at Highway Insurance.
Catlin to underwrite kidnap and ransom
Catlin has formed a crisis management underwriting team that will write product recall and kidnap and ransom coverages from 1 July 2006.
UIA implements compliance solution
UIA has deployed a new customised marketing resource management solution to improve marketing efficiency and help keep marketing campaigns in line with financial regulations. The deal was signed with Be the brand experience, a services provider firm.
Football league's claim against Hammonds fails
The Football League’s £140m High Court negligence claim against law firm Edge Ellison has failed.
Government praised but asbestos concerns remain says APIL
Swift action by the Government to reverse last month’s controversial House of Lords ruling has been praised by personal injury lawyers.
Lloyds TSB Insurance launches five figure marketing campaign
TV star, entrepreneur and self-made millionaire Martin Webb is fronting a five figure campaign for Lloyds TSB Insurance to promote its Essential Business Insurance product.
Multiassistance recruits Wood as part of push
Sarah Wood has been appointed sales and marketing manager at Multiassistance, the subsidiary of a European property repair and improvement company.
Glacier Re 'confident' of rating review outcome
Glacier Re has noted yesterday’s announcement by A.M. Best that it has placed the company’s financial strength rating of A-(excellent) under review with negative implications.
Greenwoods opens Bristol office
Greenwoods Solicitors, the leading insurance defendant law practice, is delighted to announce the opening of its new Bristol office on the 3rd July 2006.
Norwich Union makes full disclosure plea
Norwich Union is introducing a factsheet for customers that highlights the importance of completing insurance application forms accurately. The aim is to reduce the number of customer claims that are rejected as a result of non-disclosure. From 23 June,…
Primary Insurance Company rating under review
A.M. Best has placed the financial strength rating of B++ (Very Good) and issuer credit rating of “bbb” (ICR) for Primary Insurance Company Limited (PICL) (Ireland) under review with negative implications.
Aon to go electronic for specialist business
Aon UK has announced that it will move to a full electronic trading capability during 2006 for its specialist insurance and reinsurance businesses.
Former Axa boss joins Celerant Consulting
Colin Calder will join Celerant as a business advisor to its insurance sector.
Biba recognises journalistic talent
The British Insurance Brokers' Association's 24th Journalist of the Year Awards saw Post Magazine, Insurance Age and Cover magazine pick up a raft of accolades. The ceremony also saw the inuagral presentation of the Gary Hyndman Most Promising Newcomer…
Validus increases leverage
Validus Holdings has announced that it has raised $150m through a private sale of junior subordinated deferrable interest debentures as part of a pooled transaction.
Ace adds environmental liability to commercial package
Ace Europe is offering what it claims is an extensive and affordable environmental liability cover specifically for smaller and mid-sized private and corporate businesses, as part of its existing liability and commercial package insurance programmes.
Rehabilitation First Awards - shortlist announcement
The shortlist for this year's Rehabilitation First Awards have now been announced - see below - and the winners will be revealed at a special awards luncheon on 14 July at the Kensington Roof Gardens in London. The Awards are hosted by Post Magazine and…