News
New term for FSA's Independent Complaints Commissioner
Sir Anthony Holland has been reappointed as the Independent Complaints Commissioner for the Financial Services Authority (FSA) for a second term, beginning on 3 September 2007.
Cooper Gay acquires CRS teams
Cooper Gay has acquired the reinsurance and terrorism broking teams of CRS. The teams transferred to Cooper Gay on 1 September 2007.
Broker Network unveils buy number 20
Broker Network has completed its twentieth acquisition, Sullivan Garrett.
Guy Carp appoints corporate finance specialist
Reinsurance broker Guy Carpenter has announced that it has appointed Paul Lumbis as managing director of corporate finance, Europe. Mr. Lumbis will be responsible for leading the firm’s European corporate finance business, with a particular emphasis on…
RSA survey supports claims of burgeoning compensation culture
A new insurer survey supports claims there could be a growing litigious culture in Britain With 40% of people admitting that they would be prepared to sue a lawyer or financial adviser if they received bad advice.
Broker buys bank's general insurance business
Protecta Group has acquired Hodge Insurance Brokers, the general insurance subsidiary of Julian Hodge Bank, in a multi-million pound deal.
Willis accuses Marsh executive of employee poaching
Willis has accused a UK chief executive at rival broker Marsh of involvement in a conspiracy to poac...
McConachie adds risk job to Lancashire CFO role
Bermudian (re)insurer Lancashire has appointed Neil McConachie as chief risk officer of the group. T...
Dean spares reinsurers
Insured losses from Hurricane Dean are likely to range between just $0.75bn and $1.5bn, according to...
UK Flood costs - UK floods not of 1947 scale claims RMS
Despite the widespread devastation caused by this summer's UK floods, the damage is not yet as costl...
Floridian insurers denied rate requests
The Florida Office of Insurance Regulation has denied the rate requests of three companies for not s...
AIR: Typhoon Sepat won't produce large losses
Modelling specialist AIR Worldwide has said it does not expect Typhoon Sepat, which hit Taiwan on 18...
Former Indie boss breaks down in dock
Former boss of UK (re)insurer Independent Michael Bright has taken the witness stand to defend again...
Aon buys classic car specialist
Aon has announced an agreement to acquire specialist vehicle insurance broker, Firebond. Established...
Singapore-based insurer completes scheme transfer
Whittington has announced the completion of a Solvent Scheme of Arrangement for a Singapore-based in...
JLT signs Arab trading agreement
Arab Commercial Enterprises and Jardine Lloyd Thompson are establishing a joint-venture company in S...
Marsh: Sub-prime crisis could lead to claims increase
Marsh has warned the European financial services sector, including insurance companies, that they ma...
Carvill teams up with energy derivatives broker TFS
Reinsurance broker Carvill and Tradition Financial Services (TFS) Energy, an inter-dealer broking of...
Partner Re to consolidate $1bn reinsurer in Dublin
Partner Reinsurance Europe, based in Dublin, a subsidiary of Bermudian reinsurer Partner Re, is to b...
Ascot opens Texas office in Houston
Ascot Underwriting is opening its first US office in Houston, Texas. The business has been incorpora...
Markel to open Singapore office
Markel International has announced plans to open an office in Singapore before the end of the year. ...
Scor gains control of Converium
French insurance company Scor has gained formal control of Converium. Scor closed the deal on 8 Augu...
Guy Carpenter chair defects to Aon
Geoff Bromley has stepped down as chairman of Guy Carpenter's European and Asia Pacific operations t...