News
UKI Partnerships wins Stroud & Swindon Building Society contract
UKI Partnerships has won the household insurance account for Stroud and Swindon Building Society, available throughout its 22-branch network.
Goshawk FD to resign as insurer records
Lloyd's business accounts for smaller share of business than "might otherwise have been expected"
GE Frankona Re announces restructure
GE Frankona Re has announced that it is streamlining its organizational structure and enhancing its strategy.
Insurance fat cats attacked
Insurance fat cats at groups such as Prudential and Aviva have come under fire from a parliamentary committee for receiving salary increases, while policyholders face shortfalls on certain mortgages of £30bn over the next 15 years.
Brit pumps £1.5m into cricket sponsorship
Brit Insurance has signed a three year deal to sponsor the Oval cricket ground and Surrey County Cricket Club for £500 000 a year. It also has an option for a further two year extension.
Omni Whittington takes management of run-off Syndicate 376
Talbot Underwriting has agreed to transfer the management of Syndicate 376 to specialist run-off agent Omni Whittington Capital Management.
Watson Wyatt establishes German insurance arm
Watson Wyatt is establishing an insurance and financial services consulting team based in Munich.
Partner Re hit by Algerian gas explosion
Bermudian reinsurer Partner Re has announced that it is facing a $27-30m claim from the explosion that wrecked a natural gas plant in Algeria on 20 January this year.
Heath Lambert sees capacity migration
British businesses shouldn't relax just yet according to broker Heath Lambert Group, despite indications that the insurance market may be softening in some areas.
Police investigation underway into Tribune collapse
A Police specialist fraud unit is investigating the collapsed insurance intermediary, Tribune Risk and Insurance Services, Insurance Window can reveal.
Axa loses two heads to Groupama
Phil Bird will be joining Groupama from Axa as director of non-motor and SME underwriting, while Kate Mutter, also from Axa, will be joining Groupama to head the group's sales and agency activities.
Brown retires from XL Capital
XL Capital has announced that Nicholas Brown, chief executive of the company's insurance operations, will be retiring on 1 April this year. He will be replaced by Clive Tobin, who is currently chief executive of XL Insurance Global Risk.
ICOB rules criticised for mirroring EU Directives
The Financial Services Authority's Conduct of Business rules have been criticized for following EU Directives too closely, according to Oliver Lodge, managing director at Beachcroft Wansbroughs Consulting.
XL Capital reshuffles management
XL Capital has announced a series of senior management appointments in its reinsurance operations.
BIBA launches FSA compliance workshops
The British Insurance Brokers' Association has announced a nationwide series of compliance workshops to guide practitioners through the Financial Services Authority application process.
Lime Street heads north
London headquartered insurance recruitment specialist Lime Street opened its first regional office i...
Alan Boswell expands site
Norwich-based broker Alan Boswell is taking an extra 3000 square feet to accommodate new facilities ...
Know your rights: This month - Flexible working
Since last April working parents have held the right to request flexible working. Linda Sohawon explains the legal position
Law firm warns on Indian outsourcing
Law firm Beachcroft Wansbroughs has warned insurers planning to outsource jobs to India of the reput...
European insurance exposure to Parmalat 'nominal' says S&P
The investment exposure of European insurers and their US subsidiaries to Parmalat is nominal, estimated at less than £202m marketwide, Standard & Poor's ratings services said today.
DAS in mortgage tie up
Insurance management consultancy Median's Smartgard mortgage protection offering now includes domestic emergency assistance from DAS as mandatory cover.
Chubb publishes report on aggravated burglary
Chubb Insurance is calling on other UK insurers to provide support and protection for homeowners against the traumatic effects of aggravated burglary. The insurer has published a review of the impact of aggravated burglary in England and Wales today and…
Helphire in Centrus deal
Bath-based accident management specialist Helphire Group has agreed to offer an ongoing service to the customer referred business of fellow accident management company Centrus and its legal expense insurance product, 'Safeguard'.
CIFAS reports increase in fraud prevention
The 240 plus Members of fraud prevention service CIFAS have reported they prevented fraud losses of £487 million by sharing information on fraudsters through the CIFAS data sharing scheme in 2003.