News
First Central opens new sales centre
First Central Insurance Management, the service provider for online motor insurer 1st Central, has opened a new sales centre accommodating 80 members of staff.
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".
Guy Carpenter appoints global CEO of analytics, capital markets, specialty and advisory
Guy Carpenter has named Bill Kennedy as global CEO of analytics, capital markets, specialty practices and advisory, effective from 1st July 2010.
J P Morgan Securities fined £33.32m by FSA
The Financial Services Authority has fined J P Morgan Securities £33.32m for failing to protect client money by segregating it appropriately.
Lloyds TSB welcomes “important” Hastings deal
Lloyds TSB Corporate Markets has confirmed its intention to back the Hastings management team.
Capita Managing Agency gains Lloyd’s approval
Capita Managing Agency has been approved by Lloyd’s to manage live syndicates, including Syndicate 2232, capitalised by Allied World Assurance, which starts underwriting on 30 June.
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".
Marsh raids Willis for insolvency team
Marsh has launched a dedicated practice to provide risk and insurance advice to UK insolvency practitioners after appointing six employees from rival broker Willis.
Iraqi broker appoints new director
AAIB Insurance Brokers has appointed Mr Michael Carr as the divisional director of its Iraqi registered company Al Fajer Insurance and Reinsurance Brokers.
Claims head Millar quits RBSI
Julian Millar, head of specialist claims operations at Royal Bank of Scotland Insurance, has parted ways with the company.
CCV acquires Humbergrove businesses
Cullum Capital Ventures has acquired Hertfordshire based brokers Humbergrove Ltd and Humbergrove UK.
CNA Europe names new underwriting bosses
CNA Europe has appointed Paul Dowling and John Taylor to the newly created roles of chief underwriting offer of commercial lines and specialty lines respectively.
CNA Europe names new underwriting bosses
CNA Europe has appointed Paul Dowling and John Taylor to the newly created roles of chief underwriting offer of commercial lines and specialty lines respectively.
P&C assumptions may be torn up after Deepwater incident
Insurers and reinsurers are likely take a hard look at the assumptions used to price property and liability coverages for drilling platforms in the wake of the Deepwater Horizon loss, according to Moody's Investors Service.
Hiscox: German SMEs have better insurance understanding than Brits
Less than one in three (30%) small to medium sized businesses in Europe believe they are insured in the event that a professional mistake leads to them being sued.
Buffett backs Moody’s at US hearing
Berkshire Hathaway’s Warren Buffett, compelled by subpoena to testify, backed Moody’s at a hearing yesterday, defending the ratings agency in which Berkshire has a holding against criticism it misled investors.
Torus launches professional lines cover in Europe
Speciality insurer Torus has launched a new professional lines offering in France and Germany.
Generali named as suitor for AIA
Generali may be interested in buying the AIG Asian unit, according to Italian newspaper reports.
Broker Hastings gets major capital injection from Lloyds TSB
Personal lines specialist Hastings Direct has become the latest broker to receive third-party capital after agreeing to a £20m cash injection from Lloyds TSB Corporate Markets.
MGA dumps Merlin and appoints Cunningham
Underwriting agency Commercial Express is replacing the existing Merlin facility with the appointment of Cunningham Lindsey.
Hiscox: German SMEs have better insurance understanding than Brits
Less than one in three (30%) small to medium sized businesses in Europe believe they are insured in the event that a professional mistake leads to them being sued.
Torus launches professional lines cover in Europe
Speciality insurer Torus has launched a new professional lines offering in France and Germany.
Premex announces 2009 turnover increase
Medico-legal and rehabilitation supplier Premex has announced turnover of £55m for 2009 – more than 10% up on the figure for 2008.
QBE appoints two to new division
Following the integration of its casualty and motor divisions in March, QBE has made two appointments to support the integration and development of the new division.