News
Metcalf takes helm at Liberty Syndicates
Liberty Syndicate Management, part of U.S.-based insurer Liberty Mutual Group, has appointed Nick Metcalf as its new chief executive.
Lloyd's broker extends Scandinavian coverage
Lloyd’s broker Alwen Hough Johnson (AHJ), UK, has announced it has bought a 60% stake in Scandinavian (re)insurance broker Nilson Brokers Re.
Oval announces two further acquisitions
Oval has announced the acquitions of Sheffield-based Hart Owens and Devon-based Griffin Commercial Insurance Brokers.
New York regulator calls for collateral rule to be scrapped
New York State Insurance Department, insurance superintendent Eric Dinallo has proposed the abolition of rules forcing non-US domiciled reinsurers to post collateral equal to their liabilities. After a long faught campaign against the rules, it is hoped…
Greenwoods opens Manchester office
Greenwoods Solicitors has announced the opening of a new Manchester office at York House in Manchester on the 1st November 2007.
New chairman elected to the Joint Hull Committee
Simon Stonehouse, hull underwriter at Brit Insurance, has been elected chairman of the Joint Hull Committee, the body that represents the interests of the London underwriting community on marine hull issues.
London Market Reform Group appoints new head
Stephen Matanle, global placement leader at Marsh and chairman of the London Market Insurance Brokers’ Committee, is to become chairman of the London Market Reform Group.
Brit Insurance recruits team to lead its UK sales force
Brit Insurance today announced it had recruited a new team to head up its sales division.
Sants discusses FSA retail agenda
In a speech to the Association of Private Client Investment Managers and Stockbrokers conference, Hector Sants, chief executive of the Financial Services Authority, touched on key aspects of the regulator's agenda for the retail market, including: • The…
Fraudulent claims worth £1m uncovered daily, ABI finds
Insurance companies are uncovering and preventing fraudulent insurance claims worth over £1 million every day according to latest research from the Association of British Insurers.
Marsh sets up forensic accounting and claims practice
Marsh has established a forensic accounting and claims services practice for the Middle East and North Africa. Based in Dubai, the FACS Practice is led by Ian Peters, formerly a senior claims consultant with the FACS team in London.
NAIC mulls mutual recognition reinsurance licensing
The National Association of Insurance Commissioners (NAIC) has unveiled a proposal calling for regulatory changes to allow for single-state licensing of US reinsurers, and encouraging the NAIC to develop a reinsurance supervision review department (RSRD).
APC Underwriting extends scheme to Northern Ireland
Commercial insurance underwriting agency APC has extended its delegated-binding-authority Property Owners scheme to include brokers in Northern Ireland.
London leads global rating
The City of London's global financial centres index has rated London and New York as the world's "on...
Global issues get centre stage for risk diploma
The Institute of Risk Management has broadened its post-graduate qualification to give people workin...
New survey reveals employees are looking to PMI as a key work benefit
Business in the Community, the private sector charity, has revealed the results of a survey explorin...
Recruitment group meets
The London Market Sector Advisory Group, the first of eight new sector-specific groups designed to i...
Pick of the Week
Anthony Gould, group editor in chief, Post Magazine provides a run down of the major news in this wee...
MRG fails in Q3 target
The Market Reform Group has found 45% of the total market volume of in-scope claims are being proces...
Europ Assistance restructures
Europ Assistance has reorganised the structure of its sales and account management functions, with P...
Management swap gives Tysers autonomy
Lloyd's insurance and reinsurance broker Tysers says its new internal share structure will help it a...
Isle of Man captive review
The Isle of Man government has published a strategic review to find ways of improving the competitiv...
Profits success heralds broker's London push
Specialist broker Choicequote is planning to expand into London after recording a 50% rise in profit...
Markel relaunches D&O
Markel International has relaunched its directors' and officers' liability policy with a new wording...