News
Allianz wins Wembley pitch
Allianz Engineering has been selected to provide inspection services and machinery breakdown cover for the new Wembley stadium.
Lloyd's insures Ugly Betty's smile
Lloyd’s has insured the smile of America Ferrara, star of the hit television show Ugly Betty, for $10 million. The policy was bought by teeth-whitening product Aquafresh White Trays as part of a promotion involving the celebrity which aims to raise money…
Clark quits adjuster Crawford
Jonathan Clark, senior vice president of quality and compliance at Crawford and Company, has been recruited by the UK Financial Services Compensation Scheme to become director of claims for the organisation.
Grant Thornton sets initial dividend at 100% for UIC
Grant Thornton's financial markets group claimed it has set the first ever initial dividend for an insolvent insurer at 100%.
Allianz 1st quarter results: “Attractive despite increased weather losses”
Allianz revealed a first quarter profit before tax of £ 48.6m for 2006 a fraction below last years figure of £48.7m. Net written premium had increased by £13.1m to £290.9m over the same period and the insurer’s combined ratio has improved to 96.1%, down…
BUPA recruits former senior Skandia executive
BUPA Individual Protection has appointed Chris Pollard as chief underwriter.
Insurers reach agreement over medical agency fees
Medical reporting organisations and insurers have reached an agreement that should finally put an end to disagreements about the recoverability of medial agency fees, and bring greater certainty about the amounts payable.
Biba welcome Treating Customers Fairly Report from FSA
The British Insurance Brokers’ Association has welcomed the Financial Services Authority’s (FSA) report published today which shows that many firms have made good progress with their treating customers fairly (TCF) programmes. The FSA had set firms the…
BIBA Welcome Treating Customers Fairly Report from FSA
The British Insurance Brokers’ Association (Biba) has welcomed the Financial Services Authority’s report published today which shows that many firms have made good progress with their treating customers fairly programmes. The FSA had set firms the target…
S&P: SCOR and Converium ratings unchanged by merger deal
Ratings agency Standard & Poors has affirmed both SCOR and Converium’s financial strength ratings at A- following the Converium board’s unanimous acceptance of a revised takeover offer from the French reinsurer.
Russian group pick ex-SVB figure to head London office
Oslo Marine Group, the investment, insurance and leasing group, based in St Petersburg, Russia, has set up a new representative office in London.
AEGIS loses lead power underwriter
Nick Rnjak, the lead power underwriter with AEGIS Energy Syndicate 1225, has left AEGIS.
TCF index launches to support Industry in readiness for new FSA deadlines
TCF Index has launched a dedicated Treating Customers Fairly consultancy. The company launch is twinned with an independent survey that investigated how the financial services industry is progressing with TCF guidelines set down by the Financial Services…
Government to establish national fraud strategic authority
A National Fraud Research centre is to be established in the UK, Lord Goldsmith confirmed today.
Xbroker adds retail product and enhances broker quote system
Xbroker, the on-line comparative quotation system from commercial broker Moorhouse Group is to add retail to its product portfolio and enhance the functionality of the system to meet brokers’ needs.
Lincoln Exceeds ABI Standard CI Definitions
Lincoln Financial will offer six additional definitions to its Critical Illness product over and above those recommended by the Association of British Insurers’ standard critical illness definitions.
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Guy Carp sues three London Integro defectors
Marsh group’s reinsurance broker, Guy Carpenter has filed a complaint in New York alleging breach of contract against three London-based former executives at its GCFac facultative reinsurance division.
Norwich Union joint venture sets out top 10 aim
HSBC Bank and Norwich Union have today announced plans for the creation of a joint venture, under the "HSBC Insurance" brand, that aims to be a top-10 player in the UK general insurance industry.
RSA unveils new broker boss to replace McManus
Royal & Sun Alliance has appointed Paul Donaldson as managing director, Broker. He is currently CEO of RSA Ireland and will take up his new position 1 July, replacing the outgoing Brendan McManus.
SCOR wins Converium with increased offer
Converium's Board of Directors has unanimously welcomed a revised offer from SCOR which values the Swiss reinsurer at approximately CHF 23.2 share.
Converium recommends new Scor bid to shareholders
Converium's board of directors has unanimously welcomed today's revised offer from Scor and has recommended shareholders accept in an announcement this morning. This decision is fully supported by all members of the global executive committee.
Time to test yourself
A selection of questions from various past-CII qualification papers
Star solicitor slams snobbery
An award winning trainee solicitor has urged law firms to consider applicants from less prestigious ...