News
Appointment at Medisure
Medisure has appointed Paul Ashcroft as corporate relationship director. Mr Ashcroft will be respons...
Appointment at Markel International
Markel International has appointed Diane Harding as deputy claims manager. Ms Harding joins the comp...
Gurr Johns acquires Tyler and Co
UK-based fine art advisory and valuation business Gurr Johns has acquired specialist loss-adjusting ...
Biba appoints Kelly to the board
The British Insurance Brokers’ Association has appointed Peter Kelly, head of office at Marsh Ltd Belfast, to its board.
Manchester police step up fight against uninsured driving
Greater Manchester Police seized a total of 103 vehicles which were either uninsured, untaxed, or driven without a valid licence last week. The crackdown is the latest move in the force's automatic number plate recognition exercise.
ABI endorses merseyside fraud crackdown
Knowsley Metropolitan Borough Council’s campaign to weed out bogus personal injury compensation claims should become a model for councils throughout the country, the Association of British Insurers said today.
Massive Wilma hit pushes RenRe to first-ever loss
Bermudian (re)insurer RenaissanceRe has reported a fourth-quarter net operating loss of $206.9m due mainly to a $313.9m net negative impact from hurricane Wilma.
Chaucer wins BiB motor agriculture contract
Broker BiB has announced a new underwriting partnership with Chaucer Insurance as part of plans to grow its agricultural motor policy market.
Charman to quit Axis over divorce proceedings
Axis Capital Holdings has reported net income of $90.1m for the year ended December 31, 2005, compared with net income of $495m for the year ended December 31, 2004. The company also revealed chief executive and president, John Charman, would retire in…
Omega rating affirmed
A.M. Best has affirmed its syndicate rating of “A” (Excellent) and the issuer credit rating of “a+” for Lloyd's Syndicate 958, managed by Omega Holdings' subsidiary, Omega Underwriting Agents.
XL Capital results hit by 2005 windstorms
XL Capital has reported a net loss of $821.9m for the quarter ended December 31, 2005, compared with net income of $288m for the same period of 2004.
Hannover Re writes 22% less US storm in overall flat renewal
Global reinsurer Hannover Re said it was “generally satisfied” with this year's treaty renewals in property and casualty reinsurance.
Lloyd's underwriter in signficant disclosure victory
The Court of Appeal today held that Lloyd’s underwriter, Goshawk, was entitled to access placing and claims documents held by brokers, Tyser, which it had previously been shown by the brokers. Last year the English Commercial Court decided that Lloyd’s…
PartnerRe takes $900m 2005 Cat losses in its stride
Bermudian (re)insurer PartnerRe has reported an operating loss of $242.6m for the year ended December 31, 2005, including an estimated $900m in natural disaster losses and $511m for Hurricane Katrina alone.
White Mountains Re gets new CEO
Bermudian (re)insurance group White Mountains, has announced that Tom Hutton is joining the company as President and CEO of White Mountains Re.
GAB culls managers in restructure
Loss adjuster GAB Robins has made a trio of senior staff redundant following Kieran Rigby’s appointment as chief executive. The cuts have been made as part of a restructure aimed at enhancing customer service and improving responsiveness, the company…
Outlaw single premium PPI policies, says Biba
Single premium payment protection insurance policies have been branded “bad value” by the British Insurance Broker’s Association, which is calling for them to be outlawed.
Broker Alan Turner appoints new chief executive
City-based broker Alan Turner has appointed Paul A Turner as chief executive of its operating companies, with immediate effect.
Arc offers identity theft and fraud protection cover
Arc Legal Assistance, the legal costs insurance provider, has launched a new service to protect policyholders against identity theft as new government estimates reveal the crime is costing the UK economy £1.7bn per year.
LCL to advise Alea run-off
LCL Group's specialist Insurance Services subsidiary has been retained by Alea to provide strategic advice and implementation support for the run-off of Alea’s London-based European and US operations.
Oxygen appoints former XL cargo underwriter
London Market startup Oxygen has appointed Guy Landymore from XL London Markets to specialise in the retail cargo market.
Benfield to defend Lloyd's action
Benfield has responded to Lloyd's decision to take action against it over the ongoing Central Fund litigation
Budget forms new business unit
The Budget Group of Companies has announced that recently launched on-line price comparison tool, Comparethemarket.com, will form the Group’s seventh business unit.
Hannover Re $370m Cat securitisation biggest ever
Hannover Re has placed a 3-year catastrophe bond with institutional investors worth some $370m.