News
FSA discussion feedback
Providers and distributors of financial products have differing but interlocking responsibilities fo...
IUA elects Riley to board
The International Underwriting Association has elected Stephen Riley as its chairman. Mr Riley is an...
Firms' compliance threat
Following the Law Society's announcement last week of a clampdown on solicitors' failure to comply w...
Appointment at Plexus Law
Plexus Law has recruited solicitor Angela Armar to its employment team in London. Ms Armar joins the...
Ace launches on I-market
Ace Europe has launched professional indemnity as its first I-market product, which it claimed is on...
Rural brokers join forces
Specialist rural broker Lycetts is combining with Hydra House, the holding company for Hamilton and ...
Equity scores with football chief's broker
Equity Insurance has acquired Burton upon Trent-based broker Ben Robinson Insurance Consultants.
Axa wins John Lewis affinity account
Axa has reached agreement with the John Lewis Partnership to provide a range of insurance products for its customers. These products will be sold through Greenbee, the new direct services company from the John Lewis Partnership.
Merricks given Bila presidency
Walter Merricks, the chief financial services Ombudsman, has agreed to serve as president of the British Insurance Law Association. In an announcement today, Lord Justice Rix, a judge of the Court of Appeal with considerable experience in insurance law,…
Ecclesiastical recruits new CEO from Ernst and Young
Michael Tripp has been appointed to succeed Graham Doswell as Ecclesiastical's new group chief executive. Mr Tripp will officially take up Board and executive responsibilities on 1st January 2007, subject to regulatory approval.
MVRA opens membership to Smart repairers
Motor repair trade body MVRA has opened its membership to 'Smart' repairers. This is the first time that a major trade body has recognised this growing sector of the vehicle repair industry and the move is seen as an important step in legitimising its…
Beazley raises £150m in debt, opens French office
Beazley Group has announced it has conditionally agreed to raise £150m of Lower Tier Two long term subordinated debt, through the issue of Fixed / Floating Rate Subordinated Notes due 2026. The proceeds of the Issue will be used to replace an existing…
Cunningham Lindsey makes a wave of recruits
Cunningham Lindsey has announced a wave of recruits to its Specialist Adjusting Network as part of its recruitment and expansion drive.
AMG rebrands
AMG is celebrating the first anniversary of its £62m Management Buy-Out in October 2005, with the launch of a new brand and logo.
John Lewis launches new financial services company
The John Lewis Partnership has launched Greenbee - its new direct services company which will offer a range of financial, travel and leisure services.
R3 Group acquires Naafi Financial
R3: Group has acquired NAAFI Financial from Close Brothers Military Services Limited.
AIG buys US marine business from Arch
AIG has announced that one of its wholly owned subsidiaries has purchased the US Ocean Marine business from Arch Insurance Company.
Scottish Re completes new deal
Scottish Re Group has announced that subject to finalization of customary treaty terms, it has completed a reinsurance transaction with an independent third party that will provide the Company with additional liquidity of up to $120m.
Swiss Re promotes US chief to head Financial Services
Swiss Re has announced that Roger Ferguson will assume the leadership of Financial Services and become Member of the Executive Committee with immediate effect.
Court ruling boost for Hank Greenberg
The former chief executive of the American International Group, Maurice “Hank” Greenberg, has, according to the New York Times, won the right to see memos that were turned over to the New York attorney general, Eliot Spitzer, before the state accused Mr…
Aon Insurance Managers appoints Clive James as managing director
Aon has today announced the appointment of Clive James to Group Managing Director of Aon Insurance Managers Global, the captive management division of Aon Captive Services Group.
First Assist Group disbands as Ablett steps down as CEO
First Assist is to split into three independent businesses from 1 January 2007 with the parent group disbanding and group chief executive Tim Ablett stepping down.
Oval appoints new chairman
Broker consolidator Oval has appointed Oliver Stocken as its new chairman.
Marsh and Aon see falling PI rates
Brokers Marsh and Aon have both reported falling professional indemnity premium rates, as solicitors' renewal deadline of 1 October passed.