News
Ferma still calling for more broker remuneration transparency
The Federation of European Risk Management Associations has told the European Commission that the level of transparency of broker commissions is still “not entirely satisfactory,” more than two years since Ferma proposed a code of practice for brokers.
Silverstein and insurers agree $2bn 9/11 settlement
A groundbreaking $2bn settlement of claims arising from the destruction of the New York World Trade Center on 11 September 2001 has been reached between its leaseholder and seven insurance companies.
BIBA on film
silent tribute to the opening day of the British Insurance Brokers’ Association annual conference, providing a little insight into what it is all about – networking, networking, networking. Watch it now at: http://www.postonline.co.uk/public/showPage…
Charman loses appeal against £48m divorce settlement
John Charman has lost his appeal to overturn the £48m divorce settlement awarded to his ex-wife.
III puts latest 9/11 paid loss at $37bn
The Insurance Information Institute has released updated estimates of the amount insurers have paid (adjusted in 2006 dollars) in property, life, and liability claims for losses related to the events of Sept. 11, 2001 in New York, Virginia and…
RSA bids £584m for Codan shares
Royal & Sun Alliance has made a £584m offer to the remaining shareholders of Scandinavian insurer Codan in which it holds a 72% stake. However, reports have indicated some pension fund investors are unhappy at the price offered by RSA for the equity.
Amlin: Rates have peaked, global competition strong
Lloyd’s and Bermuda specialty (re)insurer Amlin has said that US Catastrophe pricing is down from the extremes provoked by the devastating hurricane losses of 2005 and that competition in international reinsurance markets is strong.
Scor reveals net income of €76m
French reinsurer Scor has announced profits of €76m ($102.1m) for the first quarter of 2007.
No offer update as D&G profits rise 11.3%
Domestic and General has reported record financial results for the 2006 with revenues up 10% to £304.6m and operating profit before investment return up 11.3% to £23.6m.
D&G's deputy head steps down from board
Takeover target Domestic and General has announced that its deputy CEO is stepping down from the board to concentrate on building the firm's international business. John Ritchie, who is also formerly group finance director, will step down from the board…
Investment bank merger creates heavyweight for insurance M&A market
Fox-Pitt, Kelton and Cochran Caronia Waller have agreed to merge and create a leading global specialist investment bank focused on the financial services industry. Following completion of the transaction, the combined firm will be known as Fox-Pitt,…
Biba: report on EU regulation launched
European Union insurance mediation streamlining has had mixed results, according to a new report commissioned by the City of London Corporation launched at today’s British Insurance Brokers’ Association (BIBA) conference in London.
Iprism hopes for £100m premium through commercial portal
Underwriting agency Iprism has unveiled an SME comparative quote facility for UK brokers.
Arag launches quick quote system
Arag Legal Expenses is launching its commercial quick quote system for UK brokers at today's British Insurance Brokers' Association conference.
Post journalist named general insurance writer of the year
Post's news editor Ralph Savage was named as the general insurance writer of the year at last night's headlinemoney Awards 2007 held in London. Lynn Rouse, deputy editor, and Jonathan Swift, editor of Post, were second and third respectively.
Institute elects youngest everFellow
The Insurance Institute of Peterborough has announced that Caroline Ford of Budget Insurance has, at...
Time to test yourself
A selection of questions from various past-CII qualification papers
Bright analyst off to Munich
Christopher Phillimore, a 34-year-old underwriting analyst from Ecclesiastical Insurance, has been s...
UK given wake-up call
The UK's skills envoy has warned UK businesses they must wake up to the changing nature of working p...
Pick of the Week
Anthony Gould, editor in chief of Post, provides a run down of the major news in the sector this week...
BIBA Conference 2007
A silent tribute to the opening day of the British Insurance Brokers' Association annual conference, ...
Appointment at Arista
Arista has recruited James Sawkins as senior underwriter, and Esther Lavender-Jones and Claire McCal...
Sigma builds in Scotland
Sigma Claims Solutions has hired Stuart Main as branch manager in Glasgow. Mr Main, previously a sen...
Appointment at Bupa
Bupa Individual Protection has made Chris Pollard chief underwriter. Mr Pollard, who previously work...