News
Generali Espana gets 'AA-' rating
Spanish insurer Generali Espana has been assigned an insurer financial strength rating of 'AA-', with stable outlook by Fitch Ratings.
JLT: reinsurers “on a knife edge” after blowing 2011 cat budgets
JLT has warned that the reinsurance market is set for a period of turbulence, following extreme catastrophe activity in the first two quarters of 2011.
Maso joins Aviva as France CEO
The former chief executive of Axa Insurance, Philippe Maso, is to join Aviva as CEO of its France operation.
Catlin Re Switzerland launches in Madrid
Catlin Re Switzerland, the continental European reinsurer of Catlin Group Limited has confirmed it will underwrite treaty reinsurance business from a new office in Madrid.
Canopius bolsters global property team
Canopius Group has promoted Derek Hansen to divisional underwriter, global property, reporting to Mike Duffy, joint active underwriter, syndicate 4444.
Regulation tops agenda for new CEA president
The managing director of Generali Group has been elected president of the CEA.
Generali Espana gets 'AA-' rating
Spanish insurer Generali Espana has been assigned an insurer financial strength rating of 'AA-', with stable outlook by Fitch Ratings.
Maso joins Aviva as France CEO
The former chief executive of Axa Insurance, Philippe Maso, is to join Aviva as CEO of its France operation.
Catlin Re Switzerland launches in Madrid
Catlin Re Switzerland, the continental European reinsurer of Catlin Group Limited has confirmed it will underwrite treaty reinsurance business from a new office in Madrid.
Regulation tops agenda for new CEA president
The managing director of Generali Group has been elected president of the CEA.
Independent Anniversary: The last days of Indy
Tomorrow marks the tenth anniversary of the demise of Independent Insurance, the underwriter once the envy of rivals, which ultimately proved the maxim “too good to be true”. Jonathan Swift revisits the finals days with those who lived through it.
Oamps acquisition heralds push into specialist schemes
Oamps has kick-started its plan to expand in the UK insurance market through the acquisition of new teams, after taking over Giles Insurance Brokers' life science business.
FSA refuses to back down over FSCS review timing
The Financial Services Authority has refused to commit to an April 2012 deadline for a review of the Financial Services Compensation Scheme, as it would be "counterproductive" to consult when changes to European insurance legislation are ongoing.
Loss adjuster launch by ex-SLS managers
Two former managers at Crawford & Company's specialist liability arm SLS are set to launch their own loss adjusting and claims handling service.
Call for tougher regulation accepted by aggregators
The British Insurance Brokers' Association has called for rules governing electronic trading to be updated to keep pace with technological developments in the aggregator space.
Aviva heads back into telematics for fleet customers
Aviva is targeting 20% of its haulage and goods-carrying motor account as it re-enters the telematics market, seven years after its first attempt to launch the technology in the personal lines arena.
XL opens second regional office in middle market push
XL Insurance has heralded a renewed push into the UK middle market with the opening of a new office in Birmingham.
BLM converts to LDP model as Kinley made equity partner
Berrymans Lace Mawer's head of policy development, Alistair Kinley, has become the first non-lawyer to join the firm's equity partnership as it converts to a legal disciplinary practice. The LDP is the first new type of practice permitted by the Legal…
Brokers warned networks no panacea
Moves by brokers to mitigate the effect of economic uncertainty by joining networks is likely to increase over the next few years.
Towergate staff join Gallagher
Gallagher International is set to beef up its underwriting operation after attracting a team from Towergate.
FCIM appoints Auto Windscreens as sole supplier
Online motor intermediary First Central Insurance Management has appointed Auto Windscreens as its sole supplier, three months after the glazing repair firm was bought out of administration.
Leader: Imitating excellence
'If it looks too good to be true, it probably is' — arguably the most commonly quoted old adage ascribed to Independent Insurance since its collapse in June 2001 and subsequent imprisonment of three senior directors. But, when those once closest to the…
Ten years on, liquidator admits there was an Indy rescue plan
The joint provisional liquidator of Independent Insurance Dan Schwarzmann has said Pricewaterhouse Coopers is hopeful that a scheme of arrangement can be agreed by the end of the year, a decade after he was first appointed to the beleaguered insurance…