News
PWS hails "good progress"
London Market broker PWS has reported that post-tax profits rose 32% to £2.5m for the year ended 30 ...
Appointment at Marsh
Marsh has restructured its UK retail placement practice, appointing Ron Hayes as practice leader. Mr...
Survey puts contracts under scrutiny
A contract certainty survey was sent out to members of the British Insurance Brokers' Association th...
£200m VAT bill still looms
UK insurers have been warned they could still face the estimated £200m tax bill on outsourced servic...
Oval has bought corporate insurance business of Sheafmoor Brokers
Oval has bought the majority of the corporate insurance business of Sheafmoor Brokers in Sheffield, ...
Broker Arthur J Gallagher makes Sarah Dalgarno a director
Broker Arthur J Gallagher has made Sarah Dalgarno director of compliance and risk management. Ms Dal...
Allianz waits for its rivals
Allianz Cornhill will not raise its personal rates until it sees a general move in the market, despi...
Appointment at Goodhealth
Derry Andrews, previously managing director of Goodhealth's UK private medical insurance operation, ...
Asian opportunity could go both ways
Lloyd's syndicates should avoid the emerging Asian market if they want to make profits, Catlin Under...
JLT defectors have to wait 12 months
Three senior executives who defected to Aon from Jardine Lloyd Thompson's industry risks division wi...
Fraud fight
The Irish insurance industry has launched a mass-media anti-fraud campaign, including the above TV a...
Arch to raise another $125m
Bermudian (re)insurer Arch is to raise $125m via an underwritten public offering of preferred stock.
CMIB boss to stay at NFU Mutual
CMIB managing director Neil McKenzie is set to stay at NFU Mutual and not transfer with the broking business to Towergate.
SVB Holdings to become Novae tomorrow
SVB today said the High Court had made an order sanctioning the scheme of arrangement dated 28 March 2006 between SVB and the holders of its scheme shares confirming both the reduction of capital provided for by the scheme and the cancellation of the SVB…
NFU Mutual to redeploy staff after selling broker arm to Towergate
NFU Mutual today confirmed the sale of Country Mutual Insurance Brokers to the Towergate Partnership.
Towergate seals CMIB deal
Towergate has bought Country Mutual Insurance Brokers from NFU Mutual. The deal was finally sealed late last night.
PICC licenses AIR’s cat modeling for earthquake risk in China
AIR Worldwide Corporation (AIR) has announced that PICC Property and Casualty Company (PICC) has licensed CLASIC/2 and CATRADER, AIR’s catastrophe risk management systems, to manage earthquake risk to residential, commercial, and industrial exposures in…
Scor comes out blazing in 1st quarter
French reinsurer Scor has revealed blistering 1st-quarter growth and increased profits, boosted by increased non-life premium income and higher investment returns.
Nigel Forrest takes on Birmingham Institute presidency
The Birmingham Insurance Institute BII held its AGM recently and inaugurated a new president, Mr Nigel Forrest of Teceris.
TUC welcomes talks to speed up asbestos compensation
The TUC has welcomed the announcement from Work and Pensions Secretary John Hutton MP that he is to look at ways of speeding up compensation for mesothelioma victims and their families.
Imagine names President and CEO
Specialist Bermuda-headquartered (re)insurer, Imagine Group has announced the appointment of Gregory Morrison as its president and chief executive officer, pending approval of the Bermuda Department of Immigration.
Lancashire happy despite missing plan income target
Class of 2005 Bermudian start-up, Lancashire, has reported favourable underwriting conditions in across most of its chosen specialist short-tail business segments, although it said will undershoot on the income projections it produced at the time of its…
Chanchu weakens
Typhoon Chanchu has been downgraded to a category two hurricane and is no longer in danger of hitting Hong Kong.
Oval restructures its divisions
Broking consolidator Oval has abolished its separate insurance broking and financial services operating boards, and appointed its first ever group managing director, who will be in charge of both divisions.