News
Broker declares SME "next battleground" for direct insurers
RG Ford has become the first broker to sign up to Open GI’s new quote and buy solution for SME business two weeks after its launch at British Insurance Brokers' Association conference.
FSA consults on competence
The Financial Services Authority has today published proposals to strengthen its requirements on competence for individuals carrying out retail activities, while placing more emphasis on standards of ethical behaviour.
LMG outlines next phase of electronic endorsement pilot
London Market Group has announced that its electronic endorsements pilot is moving into the next phase.
Cunningham Lindsey helps convict travel claim fraudster
Cunningham Lindsey said its specialist fraud investigations team has helped bring a prolific travel insurance fraudster to justice.
Captive insurers urged to participate in Solvency II
The Federation of European Risk Management Associations and the European Captive Insurance and Reinsurance Owners’ Association has urged captive insurers to participate in Solvency II.
Cooper Gay delivers warning on D&O
Dan Barton, managing director of professional risks at Cooper Gay, has said many international companies with subsidiaries spread across the globe do not have adequate controls in place to ensure they remain both compliant and sufficiently protected…
Captive insurers urged to participate in Solvency II
The Federation of European Risk Management Associations and the European Captive Insurance and Reinsurance Owners’ Association has urged captive insurers to participate in Solvency II.
Crawford names first-ever MD for Home brand
Claims specialists Crawford & Company has appointed Aviva’s Greg Gladwell to the newly-created position of managing director for Crawford Home.
Cornish Mutual confirms new deputy chairman
Ian Pawley has taken up the role of deputy chairman with South West insurer, Cornish Mutual, having been a board member since November 2008.
QBE offers E&O in Canada
QBE has been granted service company status by Lloyd’s to provide errors and omissions insurance to SME's in Canada.
Willis: Oil rig losses to push up rates
The Deepwater Horizon and Aban Pearl drilling rig losses, which have left energy insurers with a $795m (£542m) bill, will cause rate increases and destabilise the market, Wills has claimed.
Bridle completes purchase of AHS Insurance
Engineering intermediary Bridle Insurance has acquired Welsh broker Associated Householders Services.
Brokers Griffith & Armour and Miller seal international tie up
Assurex Global, the international network of independent insurance brokers, has added three new brokers to its international partnership ranks: Griffiths & Armour and Miller Insurance Services, both of the United Kingdom, and Associated Insurance…
Macquarie named as adviser for Quinn Insurance sale
The High Court has granted Quinn Insurance's administrators permission to appoint Macquarie Capital Europe to advise on the prospective sale of the group.
Brokers Griffith & Armour and Miller seal international tie up
Assurex Global, the international network of independent insurance brokers, has added three new brokers to its international partnership ranks: Griffiths & Armour and Miller Insurance Services, both of the United Kingdom, and Associated Insurance…
Macquarie named as adviser for Quinn Insurance sale
The High Court has granted Quinn Insurance's administrators permission to appoint Macquarie Capital Europe to advise on the prospective sale of the group.
Quinn administrators costs approved by High Court
The High Court has approved the costs to date incurred by the two joint administrators appointed to run the Quinn Insurance group, according to reports from Ireland.
First Central opens new sales centre
First Central Insurance Management, the service provider for online motor insurer 1st Central, has opened a new sales centre accommodating 80 members of staff.
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".
Guy Carpenter appoints global CEO of analytics, capital markets, specialty and advisory
Guy Carpenter has named Bill Kennedy as global CEO of analytics, capital markets, specialty practices and advisory, effective from 1st July 2010.
J P Morgan Securities fined £33.32m by FSA
The Financial Services Authority has fined J P Morgan Securities £33.32m for failing to protect client money by segregating it appropriately.
Lloyds TSB welcomes “important” Hastings deal
Lloyds TSB Corporate Markets has confirmed its intention to back the Hastings management team.
Capita Managing Agency gains Lloyd’s approval
Capita Managing Agency has been approved by Lloyd’s to manage live syndicates, including Syndicate 2232, capitalised by Allied World Assurance, which starts underwriting on 30 June.
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".