News
Heath Lambert appoints strategic development director
Jim Lorimer has been appointed strategic development director for Health Lambert Insurance Services, in addition to his existing position as chief information officer for the group as a whole.
Grant promoted to group executive at RMS
Matthew Grant has been appointed group executive of global client development at Risk Management Consulting.
Hiscox appoints Michael Gould as new COO
Hiscox has announced the appointment of Michael Gould to the role of chief operating officer, effective 9 June 2008.
Arch Europe names Weatherstone as new chairman and CEO
Arch Europe, the European arm of Bermudian (re)insurer Arch, said it has appointed James Weatherstone as its president and chief executive. Current Arch Europe chief executive Robert Van Gieson will become its chairman.
IFEX lists 2nd event US storm contracts, hints at possible 3rd event market
Catastrophe futures exchange IFEX has announced that announce that the Chicago Climate Futures Exchange (CCFE)will list IFEX 'Second Event’ US Tropical Wind Event Linked Futures from today.
FOS name and shame will not be welcomed says Eversheds
The much anticipated Financial Ombudsman Service review, published by Lord Hunt, has taken steps to address concerns on complaints handling. However, recommendations to introduce a name and shame system will not be welcomed by financial institutions,…
Kennedys promotes six to partnership
City law firm Kennedys, has promoted six senior assistants to its partnership, five to its UK practice and one to its Hong Kong practice.
Solaglas Windowcare invests in its vehicle fleet
Emergency glazing repair and replacement company Solaglas Windowcare has announced it intends to replace its entire vehicle fleet, as part of an ongoing expansion programme.
Endurance sees reinsurance premiums down a third in Q1
Bermudian (re)insurer Endurance saw net premiums written of $640m .6m in the first quarter of 2008, an increase of 20% over the same period a year earlier as the agricultural premiums written in the insurance segment by recently acquired agricultural…
DAC boost sinsurance team with hire from competitor
International law firm Davies Arnold Cooper has boosted its insurance practice with the hiring of partner Hermes Marangos from Clyde and Co.
Validus Q1 net income jumps on Talbot addition
Validus, the Bermudian (re)insurer reported net income for the quarter ended 31 March, 2008 rose to $66.5m, compared with $56.7m, for the quarter ended 31 March, 2007.
Groupama achieves highest Investors in People award
Investors in People has awarded Groupama Insurances the highest standards across many areas of evaluation under the new IIP accreditation framework.
DAS launches web-based household law system
DAS Legal Expenses Insurance Company has launched a new web-based service that will give policyholders free access to what it claims is a wealth of legal information and document building tools.
Odyssey Re Q1 jumps
Odyssey Re, the US reinsurer, said first quarter net income shot up to $249.0m, compared to $86.6m, for the quarter ended March 31, 2007.
Heads roll at XL Capital Assurance
SCA has announced that XL Capital Assurance, SCA's wholly owned financial guarantee insurance subsidiary, has named Adam Bergonzi, 44, as chief credit officer effective immediately.
Aon Q1 net income rises 2%
Aon Corporation, one of the world's biggest brokers, said net income increased 2% to $218m, compared to $213m for the prior year quarter.
Travelers tipped for NIG as AIG stalls
Travelers has emerged as one of the frontrunners for NIG, Post understands.
Willis appoints Lane to board of directors
Willis Group Holdings has appointed Jeffrey Lane to its board of directors and as a member of the compensation committee.
Equity acquires in East Anglia
Equity Insurance Group has expanded its presence in East Anglia through the acquisition of Ramsey broker, Abbs and Warren Insurance Brokers.
Equity joins Countrywide's strategic partner panel
Equity Red Star has formed a strategic partnership with independent broker network, Countrywide, as it looks to increase its market share.
Two former Carole Nash executives launch broker consultancy
Two former Carole Nash executives have launched a consultancy firm to advise the insurance industry on key issues including compliance, quality improvement and human resources.
New placing guidelines for European subscription markets gain EC blessing
The European Commission has approved in principle a new set of guidelines for (re)insurance intermediaries involved in coinsurance and subscription market business, which would see clients consulted before placement on the best structures available,…
CDL signs deal with Quotes 2 Me
CDL has signed a deal with insurance portal Quotes 2 Me to supply its aggregation services.
Broker Network welcomes two new members
Welcoming two new members The Broker Network has announced that upwards of 20 brokers are currently completing application procedures with a view to becoming associate members of TBN, following the launch of the proposition in April 2008.