News
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.
RK Harrison terrorism unit founder moves to Lloyd's insurer
Ascot has appointed Mike O'Connor to lead its terrorism & political violence te am.
Aegis bolsters power utility team with broker raid
Aegis London has appointed Neville Drew as underwriter - onshore energy within its power utility team.
Aon Trade Credit launches new international team
Aon Trade Credit UK has launched an international team to support global companies in managing their receivables more proactively to prevent bad debt.
Biba 09 interviews Part Four
In the fourth part of a series of camera interviews conducted at this year's Biba conference in Manchester, Sarah Hills - senior reporter, Post Magazine - talks to a range of industry spokespeople. This installment looks at how well, or otherwise,…
KPMG recruits new insurance solutions director
KPMG has appointed Karen Newbury as a director in its restructuring insurance solutions practice.
Senior Catlin marine underwriter defects to Amlin
Amlin has appointed Iain Henstridge as leading class underwriter to head up the marine hull account previously led by Simon Beale. The Lloyd's insurer said the appointment will allow Simon to devote himself fully to his responsibilities as underwriting…
Biba appoints Aon chief to board
The British Insurance Brokers' Association has appointed Robert Brown, chief executive officer of Aon corporate and affinity, to its board with effect from July 2009.
Insurecom unveils updated TAM broker software
Insurance software company Insuruecom has released a new version of its TAM broker software.
MGA absorbed as it looks to break £100m barrier
The Hyperion Insurance Group's Miami-based subsidiary, VK Underwriting has moved to become part of its global specialist underwriting agency, Dual International.