News
Appointment at LCL Group
LCL Group has made Simon Daniel, formerly underwriting director and senior underwriter at QBE Re, ma...
Zurich targeting 20
Zurich Muncipal is set to target 20 specialist brokers to help it develop its third-sector business....
Appointment at RK Harrison
RK Harrison has made two appointments to its board. Barnaby Rugge-Price has been appointed to the bo...
Carole Nash strengthenes its board
Carole Nash has strengthened its board with the elevation of four senior managers, including the pro...
Appointment at Lovells
Philip Gore-Randall is still a director of Aon UK, and has not left the broker to take up the non-ex...
Appointment at Lloyd's Market Association
David Powell has become motor manager at the Lloyd's Market Association. He joins from the Associati...
Appointment at MYI
Trevor Latimer has been made a director of UK operational development at MYI. Previously with GAB Ro...
FSCS to protect customers of Monarch Insurance Services
The Financial Services Compensation Scheme (FSCS) is stepping in to protect customers of Monarch Insurance Services, 72 Kingswood Road, Goodmayes, Ilford, Essex IG3 8UD, who may have lost money after the firm went out of business.
MPs blast high premiums for disease sufferers
A group of MPs have tabled an early day motion in the House of Commons demanding travel insurers reduce premiums for people who have suffered serious diseases.
Infrassure ratings upgraded by AM Best
AM Best has upgraded the financial strength rating to A- (Excellent) from B++ (Very Good) of Infrassure (Switzerland) and assigned an issuer credit rating of “a-”. The outlook for both ratings is stable.
Kiln and JLT launch network risks policy
Lloyd’s syndicate Kiln and JLT Risk Solutions have launched a comprehensive first party insurance policy to reimburse financial loss arising from accidental or malicious incidents to computer networks, software and data.
Process of giving financial advice: FSA says firms need to improve
The Financial Services Authority (FSA) conducted 'thematic' work to examine the process by which advice on investment products is given by firms to customers. The work has found many examples of good practice but, in an unacceptable number of firms, the…
FSA sets deadline for firms falling behind with 'treating customers fairly'
The Financial Services Authority (FSA) has today given firms that have failed to make satisfactory progress in integrating the 'Treating Customers Fairly' (TCF) principle into their business until March 2007 to demonstrate that they are taking the…
Cashman leaves Cooper Gay & Cashman
Michael Cashman, the chief executive of Cooper Gay & Cashman, is leaving the company.
Broker doubles limit
RIAS, the over 50s specialist insurance provider, has increased its sum insured limit for buildings insurance from £400 000 to £1m. The increased limit will be provided free of charge from 1st August to all existing and new RIAS home insurance customers.
Aon predicts new PI entrants
New entrants in the solictors' professional indemnity market could make their mark on the 1 October renewals a leading broker has predicted.
Premierline Direct planning UK expansion drive
Broker Premierline Direct, has declared aggressive plans for expansion in the UK SME market.
Fitch issues rating for SCOR’s subordinated debt issue
Fitch Ratings has assigned SCOR's proposed undated deeply subordinated debt issue an expected Long-term 'BBB-' (BBB minus) rating. The amount issued is expected to be of around €350m. SCOR is the mother company of the SCOR group.
ABI joins London Mayor on climate change report
The Mayor of London was today joined by Jane Milne from the Association of British Insurers, a member of the London Climate Change Partnership, to launch a report examining how other world cities are adapting to climate change and which makes…
DAS cheers legal reform as profits roll in
DAS UK Holdings, the parent company of DAS Legal Expenses has announced a record profit before tax of £12.1 million (2004 restated £4.9 million). £8.9 million of profit arose in respect of changes to the design of the defined benefits pension scheme.
Fitch affirms Everest Re ratings
Fitch Ratings has affirmed all ratings related to Everest Re Group, including the 'A+' Issuer Default Rating (IDR) and 'A' senior debt rating of intermediate holding company, Everest Reinsurance Holdings, (Everest Holdings), the 'A-' trust preferred…
Heritage reports float details
The board of Heritage Underwriting Agency has officially announced its intention to float on AIM.
Chubb in Irish launch
Chubb Europe has launched its luxury motor insurance product, Masterpiece Motor, into Ireland.
Guy Carp hails resilient Lloyd’s market
Guy Carpenter has praised the strength, stability and adaptability of Lloyd’s in its fourth annual report on the (re)insurance market.