News
ABC unveils first personal lines offering
ABC Insurance today unveiled its new private car insurance policy.
Domestic and General shares jump 10% after £523.9m offer
Shares in Domestic and General shot up 10.13% [128 pence] by 11:00 today on the news that the board of directors of AIDG Jersey Acquisitions have reached agreement on the terms of the recommended cash acquisition of the entire issued and to be issued…
RSA launches new SME professional indemnity package
Royal & SunAlliance (RSA), has announced the launch of its new professional indemnity (PI) cover for small to medium-sized enterprises (SMEs).
RSA ramps up SME offering
Royal & SunAlliance has announced the launch of its new professional indemnity cover for Small and Medium sized Enterprises.
CCV says regional brokers will "continue to grow and prosper"
Cullum Capital Ventures has announced the acquisition of Wigan-based intermediary Alker Brothers.
Zurich snaps up underwriting agency
Zurich Financial Services has acquired Wrightway Underwriting Limited following receipt of the necessary regulatory approvals.
Indie board rejected Condon's resignation
The board of Independent Insurance rejected Philip Condon's resignation after he decided to follow the lead of Michael Bright and step down, writes Charlie Thomas.
Condon denies anything to do with whiteboard claims
Philip Condon had nothing to do with the whiteboard claims at the centre of the Serious Fraud Office's case against him. This was the assertion of Mr Condon’s defence counsel Gareth Rees QC in his opening statements today, writes Charlie Thomas.
XL strengthens global team
XL Insurance has appointed Colin Sprott as chief underwriting officer for its Global Marine & Offshore Energy team.
Benfield Fac weathers walkout as Corporate Risks ‘gains traction’
Reinsurance broker Benfield’s chief executive Grahame Chilton singled out two specific company segments as the firm unveiled its 1st half 2007 results today.
Global Cat market rates drop 6%
Global catastrophe reinsurance market rates have tumbled 6% this year, versus an increase of 32% in 2006, according to an annual report by leading broker, Guy Carpenter.
Broker names seventh asscoiate director
Perkins Slade has promoted Mark Ford to associate director with the responsibility of broker relations and business development.
HBOS boss takes MD role at BGL
The BGL Group has appointed Peter Thompson as managing director of its affinity outsourcing business, Junction. He will join the group in January 2008.
Indie trial: Condon takes the stand
Former Independent Insurance deputy managing director Philip Condon finally took the stand at Southwark Crown Court yesterday admitting that he wasn’t always sure whether Independent’s practices regarding reserves were “acceptable,” writes Jamie Dunkley …
Catlin’s profits suffer from Wellington integration.
Catlin group’s net income dropped to by $25.2m (£12.4m) to $162m on an aggregated basis from last year’s first half.
NU scraps relocation plan
Norwich Union has scrapped a multi-million-pound project to transfer 1100 staff from the centre of Norwich to two new offices on the edge of the city, according to a a report in a local newspaper.
Financial Ombudsman Service hires Lord Hunt
The board of the Financial Ombudsman Service has engaged the Rt Hon Lord Hunt of Wirral MBE to lead an independent review of the organisation – focusing on the openness and accessibility of the ombudsman service to its wide range of customers and…
Benfield releases interim results
Reinsurance and risk intermediary Benfield has announced its interim 2007 results, with revenue decreasing by 3.6% on the same period last year.
Condon ecstatic when cut out of Watson Wyatt dealings
Philip Condon was overjoyed when he was told he would no longer have to deal with Independent's actuaries, writes Charlie Thomas .
Initiative launched to clear-up age diversity regulation
The Department for Work and Pensions' age positive initiative has launched a series of 11 free bookl...
IFS marks anniversary
The IFS School of Finance is celebrating the first anniversary of its name change. The educational ...
Ask the expert
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Poor management blamed for workplace bullying
Two thirds of managers believe that lack of management skills is the major factor contributing to bu...
Pick of the Week
Jonathan Swift, editor of Post Magazine provides a run down of the major news reported in tomorrow’s ...