News
DfT dismisses concerns
The government will be nationalising a sector of insurance that has "worked well for a long time" if...
THB buys Cardinus
Broking and risk management group THB has acquired health and safety specialist Cardinus. THB has pa...
Appointment at Chubb
Chubb Insurance has recruited Andy Baker as Leeds branch development manager. He has more than 14 ye...
Claims system rolled out
Lanes Assistance Services has launched a live reporting system that instantly uploads information an...
Appointment at Miller
Victoria Barrett has joined Miller Insurance as a broker and associate director of its professional ...
Appointment at Molten
Molten has made Raphael Young principal consultant and head of insurance for Asia. He will manage pr...
What the papers said this week
The New York Times Judge Alvin Hellerstein of the Federal District Court in Manhattan has set a...
Broker makes swoop for bank's insurance division
Welsh broker Protectagroup has boosted its fledgling commercial business with a swoop for Julian Hod...
Allianz loses out as XL builds team
XL Insurance has poached Stefan Bramwell from Allianz Engineering in a bid to boost its construction...
C&G blames abnormal loss for negative outlook
Congregational and General has blamed "industry-wide losses" after its outlook was revised by Standa...
BGL Group moves quickly to replace outgoing Zeidler
The BGL Group has moved to replace Phil Zeidler as managing director of its affinity outsourcing bus...
Condon takes the stand
Former Independent Insurance deputy managing director Philip Condon finally took the stand today admitting that he wasn’t always sure whether Independent’s practices regarding reserves were “acceptable,” writes Jamie Dunkley .
Allianz unveils provider after fraud pilot
Questgates has been retained by Allianz Insurance following a pilot and detailed review of its motor fraud suppliers.
Lloyd's third members' agency given approval
Start up Lloyd’s members agency Alpha Insurance Analysts has today received approval from Lloyd’s and the FSA.
Axa acquires ICAS International
AXA UK has acquired 100% of the share capital of ICAS International, a provider of employee support and well-being services.
Post pick of the week
Jonathan Swift, editor of Post Magazine provides a run down of the major news reported in tomorrow’s issue of insurance industry weekly Post Magazine, including: insurance duo close in on £1bn GWP; Axa blow as it losdes 700 000 policies to rival AIG:…
Industry guidance key role in principles-based regulation
The Financial Services Authority's (FSA) new framework for recognising industry guidance has come into effect – which the regulator said was an important step in the move towards Principles-Based Regulation.
Lloyd's insurer announces Bermuda plan
Lloyd's insurer Canopius has announced plans to launch a new platform in Bermuda.
Highway looks at ways to "embrace aggregators" as investment returns boosts profit
Highway this morning reported a profit before tax of £11.8m (2006: £7.5m) on gross written premiums of £131.2m (2006:£119.3m) for the first six months of 2007.
Kiln to reduce capacity by 14% after reporting £17.2 mprofit
Lloyd's insurer Kiln today reported a profit after tax of £17.2m (2006: £16.3m) on gross written premium of £241.3m (2006: £230.8m) for the first six months of 2007.
RSA recruits new CEO from Ace
Royal & Sun Alliance Insurance has appointed Scott Pickering as chief executive for Asia & Middle East. He will be based in Dubai and report to Paul Whittaker, CEO of emerging markets for R&SA.
Prosecution says handwritten note implicates Bright
The prosecution turned to Michael Bright’s knowledge or lack thereof over the reinsurance contracts, E, F and H that underpin the second charge he faces, one he faces alone, writes Martin Friel.
Ecclesiastical announces 2007 interim results
Ecclesiastical has revealed its 2007 interim results with gross written premium at £201.8m – up £6.1m on 2006.
Felix to cost less than $200m says RMS
Insured losses from Hurricane Felix , which hit the border of Honduras and Nicaragua, are likely to be less than $200m, according to modelling firm Risk Management Solutions (RMS)