News
Helm set for rebrand
Stuart Alexander has announced plans to rebrand Ashford-based broker Helm, which it acquired in Marc...
SA Meacock joins platform
SA Meacock and Co has become the latest managing agent to join Lloyd's rapidly-growing China platfor...
Countrywide network grows
The Countrywide network has extended its partner broker initiative to cover commercial business. The...
Bright sold houses to pay back £4m loan
Michael Bright had no choice but to sell four of his properties after Independent Insurance’s collapse in 2001, reports Olivier C Laurent .
AA's Sinclair quits in Saga shake-up
The deal between AA and Saga which was signed off last night has seen Kevin Sinclair, managing director of AA Insurance resign from the firm.
Watson Wyatt's role questioned
An expert witness testifying for Dennis Lomas questioned Watson Wyatt’s actuarial work in the years leading to Independent’s collapse, Olivier C Laurent reports.
AA/Saga disputes union claims
AA/Saga has reacted to the GMB Union's complaints over union representation, claiming it does not have 1800 members inside the AA and that private equity bosses did not make a deal with staff earlier this year. The GMB union announced plans earlier today…
Costello made GIMRA chair
GIMRA (General Insurance Market Research within AURA) has appointed Kerry Costello as its new chair, taking over from Carl Wong who has held the post for the past 2 years. Ms Costello has been Vice-Chair for the past 12 months.
Post pick of the week
Jonathan Swift, editor of Post Magazine outlines the main news stories in this week’s issue including: RSA and Munich Re take the lead in Olympics deal; NIG queries rival insurer motives; MID set to become proof of motor insurance; Beleaguered Erinaceous…
Allianz plots move for Oval stake
Allianz has been linked with a move for stake in consolidator Oval.
Post office insurance team recruits four new managers
Post Office Financial Services has announced four new appointments to its insurance team.
Brit in Gibraltar move
Brit Insurance is to put in place a small team of senior underwriters to work in Gibraltar. Subject to approvals they will develop the reinsurance business of a dedicated cell in a newly formed and independently owned protected cell company, to be known…
Life after Independent
Independent Insurance has been branded many things throughout the four months of this Serious Fraud Office Trial, but the over-riding consensus has always been that it was an innovative firm.
Gallagher Re appoints Bermuda head
Gallagher Re has announced the appointment of Graham Wood as team leader of its Bermuda-based operations.
Countrywide in commercial broker move
The Countrywide network has extended its partner broker initiative to cover commercial business.
Crawford launches environmental pollution cleanup business
Crawford & Company UK has announced the launch of Crawford Environmental Pollution Claims Services, a direct response to increasing environmental legislation, specifically, the Environmental Liability Directive .
Bush Administration threatens veto for TRIA extension
The Bush Administration has issued a statement calling for serious amendments to the latest extension of the Terrorism Risk Insurance Act (TRIA) Federal terrorism backstop legislation making its way through the US Congress or it would recommend the…
Insurers face up to $200m Humberto losses
Insured wind losses from Hurricane Humberto could reach $200m, catastrophe risk modelling company AIR Worldwide has estimated.
Omega bet on US pays off in first half
Lloyd’s, Bermuda and US (re)insurer Omega Underwriting has unveiled interim results showing profit before tax up 119% to $20.4m (2006: $9.3m) on a benign combined ratio of 82% (2006: 86%).
Butterworth leaves Liberty for start up
Pembroke Managing Agency has appointed Liberty Syndicates chief operating officer Mark Butterworth as managing director with effect from 1 November 2007.
Bupa UK Insurance profits fall by £9m
Bupa has reported revenue from continuing operations was up 10% to £2.1bn in the first half of 2007 with the health insurer producing an underlying surplus before tax of £172.4m, up 23%.
Evolution appoints business development executive
Evolution Underwriting has appointed Angie Mugford as business development executive.
Atrium profits increase to £23.8m
Atrium has announced its final set of numbers before delisting and completing its acquisition by Ariel, with a profit before tax of £23.8m for the first half of the year (30 June 2006: £7.9m).
St Pauls to beome Travelers in the UK
St Paul Travelers has confirmed its intention to adopt the Travelers trading name and red umbrella logo of its US parent in February 2008.