News
RBSI may put off full review until 2011
Royal Bank of Scotland Insurance is considering extending the contracts of its loss adjusting panel until July 2011 rather than launching a full review this summer.
Allianz First Direct deal
Allianz Corporate Partner has secured a three-year deal with First Direct, part of HSBC Group, to provide mobile phone insurance for First Direct's 70 000 account holders as of 1 June.
Giles takes over Hampden
Giles Insurance Brokers has acquired the retail broking division of James Hampden Insurance Brokers.
Aviva director leaves
Aviva has confirmed that Brigid Murphy, director of regional brokers for the UK general insurance business, will leave in June.
Quinn administrator biding time over redundancies
The true level of take-up for the offer of voluntary redundancy among Quinn Insurance staff may not be known until the second week of June.
Irish regulator warns of post-crisis surpervisory scepticism
The Financial Regulator, Matthew Elderfield, has warned Irish insurers that he will be more interventionist, rather than wait for a market failure to manifest itself and then cautiously weigh up the costs and benefits of a response.
Chartis, QBE and Dual back £1bn GWP private equity start up
The British Private Equity and Venture Capital Association has today launched BVCA Insurance Services to help members and their investee companies with their insurance needs.
UK actuary bodies confirm merger
Members of the Faculty of Actuaries in Scotland and the Institute of Actuaries have voted in favour of resolutions to merge the two organisations to form the Institute and Faculty of Actuaries.
Lloyd's: Deepwater and Chilean earthquake bill could top $2bn
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of US$1.4bn.
Irish regulator warns of post-crisis surpervisory scepticism
The Financial Regulator, Matthew Elderfield, has warned Irish insurers that he will be more interventionist, rather than wait for a market failure to manifest itself and then cautiously weigh up the costs and benefits of a response.
Lloyd's: Deepwater and Chilean earthquake bill could top $2bn
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of US$1.4bn.
Met office predicts active hurricane season
Early indications show it could be an active year for the North Atlantic tropical storm season, according to The Met Office’s initial forecast for the season, expected within the next month.
CEA welcomes EU/US Japan Post Insurance talks
The European insurance and reinsurance federation, CEA, has welcomed joint EU and US effort to address the Japanese government’s preferential treatment of Japan Post Insurance.
Apil “bitterly disappointed” at Queen’s Speech damages omission
The Association of Personal Injury Lawyers has expressed its disappointment at the coalition government’s decision to leave the draft Civil Law Reform Bill out of the Queen’s Speech.
Eversheds comments on Queen's speech
Jeremy Irving, partner at international law firm Eversheds, comments on the implications of the financial reform bill for the insurance market.
CEA welcomes EU/US Japan Post Insurance talks
The European insurance and reinsurance federation, CEA, has welcomed joint EU and US effort to address the Japanese government’s preferential treatment of Japan Post Insurance.
Reinsurers should prepare for active 2010 hurricane season – TSR
Tropical Storm Risk (TSR), which provides real-time mapping and prediction of tropical cyclone windfields worldwide, anticipates Atlantic basin and US landfalling hurricane activity being 55% above the long-term (1950-2009) norm this summer.
Kane appoints Peter Greenslade as group CFO
Kane has announced the appointment of Peter Greenslade as group CFO.
Ex Zurich boss named Italian CEO
Francesco La Gioia has been appointed the new CEO of Helvetia Italy.
Bryne steps down as Flagstone chairman
Flagstone Re has announced that Mark Byrne has decided to step down as chairman of the board of directors of Flagstone while continuing to serve as a non-executive member of the board of directors of the company.
Transatlantic demands $350m arbitration from AIG
AIG’s former reinsurance unit, Transatlantic Holdings, filed a demand for arbitration against the company tied to losses of more than $350m from securities lending.
Ex Zurich boss named Italian CEO
Francesco La Gioia has been appointed the new CEO of Helvetia Italy.
Ex-Capita director confirms new start up plans
The former director of Capita Insurance and ex-Hero insurance development director, Ian Meyer, has confirmed the launch of his new insurance broker in June .