News
FSA plans to extend scope of regulation.
The Chartered Insurance Institute's Society of Fellows' inaugural Breakthrough Lecture, supported by Post Magazine, saw three different speakers throw down the gauntlet to the insurance industry. Anthony Gould reports on last week's proceedings, which…
Database on track.
A database of individually insured drivers, designed to combat the problem of uninsured drivers, is ...
Appointment at Bartlett & Co.
Leeds-based Bartlett & Co has made Ian Roberts a director. He joined the broker in 1994 and spent 15...
RI3K gets to work on poor cash flow.
Poor cash flow in the reinsurance industry is being attacked by the RI3K Exchange, which was launche...
Profits rise at Fortis
Belgo-Dutch bancassurer Fortis has posted an increase in net operating profit for the first three qua...
Cost of regulation too high?
Writing as an employee of a recently accepted member of the General Insurance Standards Council, I w...
Doubts over Bermuda rush.
The chief executive of a leading reinsurer has described the recent stream of companies setting up r...
Appointment at QBE Insurance.
QBE International Insurance has taken on Edward Rawnsley, who will be working on the launch of a com...
E-djuster puts UK arm on hold.
Canadian-based e-djuster, the software provider for content assessment and claims handling solution...
Appointment at Aspen.
Aspen, the firm of actuaries and pension consultants, has made Malcolm Pearce a member of its board ...
Lloyd's US payouts.
Lloyd's has confirmed that it has completed the transfer of over $2bn to its trust funds in the US n...
MBI at Stackhouse Poland
Three insurance brokers have bought Hampshire-based insurance broker, Stackhouse Poland. Jeremy Car...
American Re boost.
Munich Reinsurance has decided to inject more than $1bn (£700m) in additional capital in to its US s...
Allianz ups terror cost estimates.
German insurer Allianz has increased its estimate of claims resulting from the US terrorist attacks ...
Shelter Mutual withdraws 529 commitment.
US insurance group Shelter Mutual has withdrawn its commitment to Lloyd's syndicate 529, just over a...
Trio to set up new insurer.
Mike Slack, group chairman of intermediary Roadrunner, is in talks with two similar-sized intermediar...
L&G to raise funds.
Legal & General Group is seeking to raise £500m, as well as transfer the ownership of fund managemen...
Axa targets brokers.
Axa Insurance is to try and match broker needs through the expansion of its business-risk.com site. ...
PRO to handle run-off.
Swiss Re has established a new Lloyd's managing agency to handle run-off business. PRO Syndicate ...
CSM on track.
Cox Syndicate Management has said discussions regarding Crowe syndicate 963 are progressing satisfac...
Helphire losses.
Credit hire firm Helphire which has recorded a net loss of £1.1m for the six months to the end of Se...
Da Vinci in the frame.
Renaissance Re's new Bermudian-based venture Da Vinci Reinsurance started accepting binding business...
Life sector is poorly regulated.
The life insurance industry is poorly regulated and too focused on independent financial advisers, s...
Director Pexton quits Cox.
Richard Pexton, board director and underwriting director of Cox Commercial Division, has quit the co...