News
Hiscox to hand over PI account control
Hiscox is handing control of its Global Markets professional indemnity account at Lloyd's to Ed Cruttenden, an experienced PI underwriter who has been with Hiscox since 1998. He becomes line underwriter with effect from January 2006.
New insurer joins IUA as chairman re-elected
Tokio Marine Global has become the second company in recent months to join the International Underwriting. Arch (Europe) joined in May.
RIAS in Titan holiday deal
Specialist over 50s insurer, RIAS, has signed up Titan HiTours to its home and motor insurance products.
Glencairn makes special risks appointments
London broker Glencairn has announced the appointments of Mark Palmer and Gary Tyler to its specialist risk division with immediate effect.
Over half of solicitors expect premium hikes
Zurich Professional, who claims to insure more than one in three law firms in England and Wales, reports that over half of solicitors expect their premiums to rise.
Broking giant to spin off reinsurance business from 2006
Broker Jardine Lloyd Thompson has announced that it plans to split its Risk Solutions Group from its reinsurance business.
JLT profits drop 25% in first half
Jardine Lloyd Thompson has announced its interim results for the six months ended 30th June 2005, reporting revenues up 6% at constant rates of exchange despite difficult trading conditions in Risk & Insurance and weak US dollar.
Broker Network unveils new MD in board shake up
Broker Network has promoted Mark Wood to managing director of Broker Network and to a position on the board of Broker Network Holdings.
Mina promoted in Marsh restructure
Marsh has promoted Patrick Mina to the newly-created role of head of international client and market services.
RJW eyes up National Accident Helpline
Law firm Russell Jones and Walker is set to swoop for claims farmer, the National Accident Helpline.
FSA fee paying instalment plan signs up 1,750
Around 1,750 small firms have taken advantage of a new scheme that lets them pay their Financial Services Authority (FSA) fees by instalments.
Franklin weakens as Bermuda beckons
The island of Bermuda looks set to escape the wrath of Tropical Storm Franklin following signs that it is starting to weaken.
Capita acquires BDML for up to £33m
Capita has acquired BDML Connect for up to £33m. Among the parts of the business included in the deal are pet insurance specialist Thornside; and local authority and travel/leisure specialist BDML Insurance Solutions.Capita said the deal “significantly…
NU concern over broker regulation
Norwich Union has developed an online checklist to enable brokers to assess whether they are fully compliant with FSA regulations.
Man shot dead by police on Tube
A man has been shot dead by armed officers at Stockwell Tube station in south London, as police hunt four would-be bombers.
Pennsylvania supreme court upholds Legion decision
Pennsylvania's Supreme Court has upheld a 2003 lower court finding that four policyholders of defunct insurer Legion Insurance can obtain direct payment of their claims from Legion's reinsurers.
Aviation run-off scheme challenged by US creditors
British Aviation Insurance Company (BAIC) has become the first insurer to see a successful court challenge to its proposed solvent scheme of arrangement.
HCC completes acquisition of De Montfort Group
HCC Insurance Holdings has completed its acquisition of the DeMontfort Group of companies.
Three tube stations evacuated after "incidents"
Emergency services have been called to three Tube stations after "incidents", Scotland Yard said.
Finsure appoints new boss
NIG's premium finance subsidiary, Finsure has appointed Trevor Brittain as managing director.
Finite risk probe forces Ace into earnings restatement
Insurer Ace is restating its financial results for the years 2000 through 2004, as well as its results for each of the quarters in the years 2003 and 2004, and forthe first quarter of 2005.
Safety regulations will increase insurance demand says Kennedys
The Department of Trade and Industry has today [21 July] published the General Product SafetyRegulations 2005 (GPSR) which come into force on 1 October and apply to all consumer products, including some second-hand goods.
NU extends Asda deal
Norwich Union Insurance has signed a new five-year contract with Asda for motor, travel and household insurance. This extends their working relationship for an additional three years through to December 2009.
New CII president in life and pensions focus pledge
The Chartered Insurance Institute has elected its new line-up of officers for the 2005-2006 Institute year at the Annual General Meeting held in Cardiff on 20 July 2005.