News
RSA hires C&W for five year comms network contract
Royal and Sun Alliance has awarded Cable & Wireless a five-year multi-million pound contract for network outsource and a transformed hosted IP infrastructure.
Cooper Gay invests in Argentine operation
Cooper Gay has taken a shareholding in Reinsurance.com.ar, a reinsurance broker based in Miami and Buenos Aires. Guillermo Pastore, an experienced market practitioner with more than 20 years insurance and reinsurance experience, is CEO of the operation.
Arch Re sets up property Fac unit
Bermudian reinsurer Arch Re has announced the establishment of a new underwriting subsidiary, Arch Re Facultative Underwriters Inc.
Demand for stand-alone terrorism insurance continues to grow
A combination of increased capacity, more predictable premium rates and innovative programme design is creating steady growth in the take up of stand-alone terrorism insurance, according to Aon’s latest ‘Stand-alone terrorism market update’.
April's PB mid month bulletin
For an interview with Ashley Canning, managing director of Keelan Westall and all the latest news, see April's PB Electronic, Professional Broking's mid month bulletin, at: www.incisivemedia.com/probroking/electronic/April2007_bulletin.pdf
Bathurst made Argenta CEO
Lloyd's managing agent Argenta has made its second high profile appointment in a week, announcing Andrew Bathurst will be joining as chief executive officer.
Glencairn and Park London merge accounts
Glencairn and Park London today announced the completion of a transfer agreement under which the majority of Park London’s insurance and reinsurance accounts move to Glencairn.
Law suit "unfounded" claims Scor
Scor has claimed allegations it treated rival reinsurance company Converium’s US shareholders unfairly during a hostile takeover bid are “unfounded”.
FSA finds many small firms are not acting on the advice
Small firms using compliance consultants should act on the advice they are given if it would help them comply with their regulatory requirements, according to the Financial Services Authority (FSA).
Crawford hires Noble in customer service role from GAB
Crawford and Company UK has appointed Vic Noble as national customer service manager for its UK property operations.
Converium files suit in Scor takeover battle
The battle between reinsurers Converium and Scor intensified today after a law suit was launched against the hostile bidders in the US. According to a statement from Converium this morning, on April 16, 2007, Converium filed a complaint in the United…
Giles buys £13m North West broker
Consolidator Giles Insurance has completed its fourth acquisition since its management buy out in July 2006 by acquiring Wigan-based broker Kerwin Smith.
Global outsourcer Mastek opens giant Indian centre for UK insurance clients
Mastek, the global software solutions and applications development specialist, has today launched a 5000-seat operations centre in Chennai, India which will serve the company’s clients in the UK and global insurance markets.
Liv Vic broking business ABC confirms June launch date
ABC Insurance, headed by former NIG chief, Phil Bunker, has confirmed its plans to launch in the broker market in June 2007. The business, part of the LV= Group, will initially employ up 30 people in its new headquarters in Croydon.
Primary General launches Motor Trade Combined Policy
Primary General has launched Motor Trade Combined Policy(Motor Trade), a comprehensive policy covering a broad range of motor trade risks.
Claims Club Rising Star Awards
This week is your last chance to nominate one of your claims staff for the Post Claims Club Rising Star Award 2007. The award is designed to recognise emerging talent within insurance company claims departments, whose mix of technical and managerial…
Top injury lawyer accuses insurers of having contempt for claimants
Power and money do not give big organisations the right to treat injured people with contempt, the new president of the Association of Personal Injury Lawyers will warn this week.
NIG creates new schemes manager role
NIG has appointed Phillip Jones to the newly created role of schemes development manager.
IUA hopes updated website will create 'virtual communities'
The International Underwriting Association has updated its website in a bid to create an online database of documents and resources for the London (re)insurance market.
Beazley expands horizons from the US
Shares in Lloyd's insurer Beazley Group are marginally up this morning on the news that the group has increased the capital of its US admitted insurance company, Beazley Insurance Company, Inc., by $45m, resulting in a total capitalisation of…
Towergate takes over Marrs
The Towergate Partnership has announced the acquisition of North London broking firm Marrs Insurance Brokers.
Converium shareholders urged to reject Scor offer
Swiss reinsurer Converium’s board of directors has reiterated its plea to shareholders to reject a hostile takeover bid by French company Scor.
Argent appoints former Garwyn adjuster
Specialist liability adjuster Argent, part of the Parabis Group, has recruited James Owen as a liability adjuster at its Manchester office to provide additional support in the North West Region.
PHP moves headquarters
The Private Health Partnership, part of the Skipton Building Society, is combining its Otley and Shipley operations with a move to headquarters in Baildon, West Yorkshire.