News
New web register anticipates October's fire reform order
The National Risk Assessment Register set up in anticipation of major changes to fire regulations through The Regulatory Reform (Fire Safety) Order which will come into force on 1 October this year, was officially launched at Portcullis House, Houses of…
Windsor profit and income increases
Broker Windsor has reported its pre-tax profits increased by 3% to £1.75m (2005: £1.7m) over the six months up to 31 March 2006.
Aon appoints chief operating officer
Aon has appointed Howard Manton as chief operating officer for its trade credit global practice group, which is responsible for insurance protection against bad debt arising from insolvency.
Swiss Re-GEIS escapes Moody’s downgrade, but negative stance stays
Moody's has confirmed the Aa2 insurance financial strength and senior debt ratings of Swiss Re as well as its A1 subordinated debt rating.
Fortis pushes up revenues by 15%
Fortis Insurance has increased its overall gross written premium to £164.3m for the first quarter of 2006, representing a 15% increase year-on-year (2005 Q1: £142.5).
Brit appoints new FD
Brit Insurance has appointed Richard Coulthwaite to the newly-created post of finance director, underwriting. He joined the company in April and will report to group finance director.
Lucas Fettes doubles Manchester team
Broker Lucas Fettes has doubled its Manchester financial services team as part of its planned growth strategy.
Pavilion signs deal with British Cycling Federation
Pavilion Insurance has signed a three year deal with the British Cycling Federation to provide a range of cycling insurance solutions for their members. The product will be marketed under the BC Insurance banner, and will be delivered via a new dedicated…
Duperreault to retire as chairman of Ace
Ace has announced that Brian Duperreault, chairman of the Board, will retire from the company, effective June 1. Mr Duperreault will continue to serve Ace in the role of non-executive chairman of the Board of Directors.
Marsh appoints senior adviser
Marsh has appointed Jeremy Cooke as managing director and senior adviser within its London offices. He will work on specific placement issues and manage relationships within the London marketplace as well as being responsible for streamlining business…
Former RBSI head close to raising finance for new insurer
John O'Roarke, former chief operating officer of Royal Bank of Scotland Insurance is close to sealing a finance deal worth £84m to launch a new multi-channel insurer, and has entered final talks with “less than five” backers, writes Anthony Gould. A deal…
Ace joins Imarket
Ace Europe is to join Imarket, the UK insurance industry portal.
New call centre for insurance supplier
TG21, the parent company of TOAD has just completed a £1/2 million upgrade of its London call centre. The new one hundred-seat facility was needed due to the continued expansion of the business.
JLT to expand into China’s insurance market
Jardine Lloyd Thompson today has commenced operations as an insurance and reinsurance broker across China through its new majority owned joint venture with Guangdong Ricsson Enterprises.
Converium poaches new CFO from GEIS
Converium has appointed Paolo De Martin as its new chief financial officer (CFO) and has annnounced that current interim CFO, Andreas Zdrenyk, will assume the new role of chief operating officer (COO).
Budget acquires Hara Hill Wason
Budget, the UK’s third largest personal lines insurance intermediary, has acquired Hara Hill Wason the Scottish based insurance broker. The acquisition adds six new high-street outlets to Budget’s growing retail arm.
Chanchu pounds coast of South China
Southern China is clearing up after typhoon Chanchu swept along the coast.
Forbes thrashes Marsh in Lloyd's football shield
Alexander Forbes has comprehensively beat rival broker Marsh 5-1 to win the Lloyd’s Community football Shield, in a match at the Valley, Charlton Athletic FC.
Scottish Re appoints new international CEO
Scottish Re has announced that it has appointed David Howell as CEO of its international life reinsurance business. Mr. Howell has served as Deputy CEO of the unit since November 2005.
Zimmermann takes on Asia Pacific role at CMGL
CMGL has appointed Urs Zimmermann as CEO of its Asia Pacific operations. Mr Zimmermann, who is based in CMGL’s Asia Pacific headquarters in Sydney, took up his post on 1st May 2006.
RMS hurricane model recertified for Florida
Risk Management Solutions (RMS) has announced that the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) has re-certified the RMS Hurricane model for use in establishing residential insurance rates in the state of Florida.
SVB rebrands as Novae
Shares in Novae Group plc began trading on the London Stock Exchange today, after the High Court yesterday sanctioned the SVB Group’s Scheme of Arrangement and the creation of a new holding company. The Group and its subsidiary companies have adopted a…
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Appointment at Chaucer
Chaucer has made Kim Barber and Jonathon Perkins directors. Mr Barber, who joined the company in 199...