News
Charles Taylor Consulting acquires
Charles Taylor Aviation has acquired ASG, a specialist aviation asset management consultancy.
Biba 09 interviews Part Five
In the fifth part of a series of camera interviews conducted at this year's Biba conference in Manchester, Sarah Hills - senior reporter, Post Magazine - talk about the point of the conference and how insurers and brokers are, or are not, working…
Biba hails victory as FSA backtracks
The British Insurance Brokers' Association today claimed a victory when the Financial Services Authority issued a policy statement setting out its final decision on the level of regulatory fees and levies for the 2009-2010 financial year. It shows that a…
Senior exec resigns from Axis - sources
Richard Housley, chief executive of Axis Capital's specialty line division has resigned from the Bermudian reinsurer, Reinsurance has learned.
Key Aon Benfield broker moves to Towers Perrin - sources
Aon Benfield has seen one of its key brokers resign to go to Towers Perrin, Reinsurance has learned .
Law firm start up targets Lloyd's and London market
Carter Perry Bailey, a new specialist insurance & reinsurance law firm, opened its door for business in Lloyd's Avenue EC3.
Hardy makes Bermudian appointment
The Company is pleased to announce the appointment of Paul Bailie as Managing Director of Hardy Bermuda Limited, the group's Managing General Agent in Bermuda.
Axa regional head takes up Brit business development position
Brit Insurance has hired Axa area manager Keith Commander as its business development manger for the north-west region.
Lloyd's insurer in capacity offer for 2010 year of account
Lloyd's insurer Omega today announces that it is making an offer on behalf of Omega Dedicated, a wholly-owned subsidiary of Omega, to acquire capacity on Syndicate 958 not already owned by the Omega group for the 2010 and each subsequent year of account.
AIG unit United Guaranty appoints new CEO
AIG's mortgage guaranty insurer United Guaranty has appoint Eric Martinez Jr as its new chief executive.
Reinsurance rates up 10-15% at 1/6 - Aon Benfield
Aon Benfield, the (re)insurance broker, has said that reinsurance renewals at June 1 rose 10-15%.
MMC unit sells business
Kroll, the risk consulting arm of Marsh & McLennan, said it has sold its US government security clearance screening business, Kroll Government Services, to private equity firm Veritas Capital for an undisclosed sum.
Aegon withdraws from group risk market
Aegon UK has announced that it is to withdraw immediately from the group risk market.
AMII and AMI respond to FSA’s policy statement
The Association of Independent Financial Advisers (AIFA) and the Association of Mortgage Intermediaries have welcomed the Financial Services Authority's (FSA) Policy Statement finalising FSA regulatory fees for 2009/10 which will reduce the level of fees…
FSA adviser fees only rise by 5%
Regulatory levies for most IFA firms will rise by 4.8% in 2009/10 but this is well down on an anticipated 15% hike, the FSA confirmed today. The rise in fees faced by advisers is still higher than that for mortgage brokers, despite major problems in the…
BIBA conference 2009
In the fifth part of a series of camera interviews conducted at this year's Biba conference in Manch...
APC targets new scheme to estate and letting agents
Commercial insurance underwriting specialist APC has developed a scheme with Staffordshire-based JSW Insurance Services to provide a specialist insurance product for estate agents and letting agents.
New D&O product aims to offer flexibility
Evolution Underwriting has partnered with AIG UK to launch a new directors and officers (D&O) package product to meet growing demand from small UK businesses in the recession.
Zero settlements rise to 53%, says Innovation Group
Fraud investigation company Innovation Group has revealed that the number of zero settlements of claims increased by almost a third in the first quarter of the year.
Insured value of crashed Air France plane said to be nearly $100m
The value of the Air France plane which vanished over the Atlantic may have been nearly $100m, sources told Reinsurance.
Renaissance Re launches new Bermudian entity
RenaissanceRe, the Bermudian (re)insurer, said it has formed and funded a new Bermudian reinsuarance company, called Timicuan Reinsurance II.
Amlin appoints marine hull leader
Amlin plc, the Lloyd's (re)insurer, has appointed Iain Henstridge as LeadingClass Underwriter to head up the Marine Hull account previously led by Simon Beale.
FSA pays out £20m in bonuses
The Financial Services Authority has dished out almost £20m in bonuses - a 40% increase on the previous year.
Charles Taylor boosts professional and financial risks team with senior hire
Charles Taylor Adjusting has appointed Gary Parlour as senior adjuster in the professional and financial risks team of its non marine division.