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Appointment at Glencairn

Glencairn has appointed Mark Palmer and Gary Tyler to the specialist risk division. Mr Palmer has be...

Novae wins Towergate account

The Towergate Partnership has appointed Novae Underwriting to supply a web-based delivery system to aid consolidation of its wholesale SME professional indemnity business.

Malacca Strait nations address pirate concerns

Nations straddling the Malacca Strait have urged insurers to reconsider their "war-risk" rating on one of the world's busiest waterways, citing efforts to beef up security in those pirate-infested waters. Foreign ministers from Indonesia, Malaysia and…

Markel reports income rising

Markel Corporation reported net income for the six months ended June 30, 2005 of $13.42 (£7.55) per diluted share compared to $10.04 per diluted share in 2004.

Appointment at Navigant New York

Paul Braithwaite, has joined the New York office of Navigant Consulting, as a managing director in the financial services practice. Braithwaite will lead the company’s growing actuarial consulting services team.

MMC results show post-Spitzer damage

Marsh & McLennan second quarter and first half results for 2005 have shown a sharp fall in profits for the company as it struggles in the wake of the fallout from the Spitzer inquiry.

HBOS GI sees 100% internet growth

HBOS General Insurance has seen premium income increase by 12% to £941m in the first half of 2005, compared to the corresponding period. Profit before tax increased by 20% to £233m.

Marsh woes continue

Broker Marsh’s parent company, Marsh and McLennan, revealed second quarter profits plummeted to $166m (£93.7m) from $389m for the same period last year.

Quinn-Direct profits top £61m

Quinn-Direct Insurance, the Irish insurer, today announced that it made a pre-tax profit of £61m in the six-month period to the end of June 2005, an increase of 29% over the first half of 2004.

Claims farmers slammed over London bombs

Thousands of people affected by the 7 July London bombings are at risk of being taken for a ride by ambulance-chasing claims companies, it has emerged.

Marsh announces Cherkasky pay deal

Marsh & McLennan has said it will pay chief executive Michael Cherkasky at least $3.5m in salary and bonus for 2005 under a new three-year employment contract.

BDML boss takes new board position

BDML Connect chairman and chief executive Sandy Dunn has accepted a place on the board of Capita Insurance Services.He becomes the first non executive chairman of the insurance arm.

Omega terminates talks

Lloyd’insurer Omega Underwriting has confirmed that it has terminated talks with takeover target Hardy Underwriting.

Spitzer inquiry widens to Moody’s

New York Attorney General Eliot Spitzer has subpoenaed Moody's for information on how it rates reinsurers and mortgage securities, broadening his probe of Wall Street practices.

Ace issues quarterly risk report

Almost 60% of chief risk officers and senior risk managers view network risk as a significant and growing threat to their organizations, according to research from Ace European Group.

Dennis not the only menace

Florida faces hurricane headaches in the wake of Hurricane Dennis - Marc Jones reports on how the predicted increase of tropical storms is causing insurers unease about writing for homeowners

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