News
Fraud team defects to rival law firm to expand
Law firm Halliwells has launched a bespoke fraud unit with the recruitment of a ten person team from...
EDI figures rising
During its financial year ended 31 May 2007, Open GI systems were used to write 2.2 million policies...
Indie auditor blasts top brass for key audit postponement
Former finance director Dennis Lomas repeatedly postponed an audit of the company’s London Market business despite the protestations of Independent’s internal auditor, writes David Jetuah .
S&P chief warns industry over boom and bust cycle
The insurance sector is at a critical point, with the move to greater transparency, increased use of the capital markets, and new regulation all meaning there is great potential for change.
Post pick of the week
Anthony Gould, editor in chief, provides a run down of the major stories reported in Post Magazine this week including: Axa chief Peter Hubbard sets £90m target for UK broker profit; CII set to sell off its Aldermanbury head office; Broker Giles triples…
Guy Carp appoints new Bermuda chief
Guy Carpenter has named Kevin Fisher as the new head of its Bermuda office, as well as announcing the expansion of office capabilities and resources in the Bermuda reinsurance market.
Dubai to host 2008 World Insurance Forum
The World Insurance Forum has announced the Dubai International Financial Centre will host its next global summit, to be held in March, 2008.
CII members call for standards framework
An independent report commissioned by the CII Group from Deloitte and Touche, submitted to the FSA two months ago and made public today, shows its members strongly advocate a framework to raise standards for the public benefit and encourage…
Mondial enters personal lines motor sector with online offering
Roadside assistance provider, Mondial UK, has launched an instant online motor insurance product in partnership with specialist short-term insurance company, Dayinsure.com.
Reinsurance giant in 2012 pledge
Munich Re is aiming for climate-neutral global reinsurance activities by 2012, setting new climate-protection standards for business operations in the international insurance sector.
Mondial enters personal lines motor market
Roadside assistance provider, Mondial UK, has announced a new partnership with specialist short-term insurance company, Dayinsure.com, to launch an instant online motor insurance product.
RAA hails US Non-admitted and Reinsurance reforms
The US House of Representatives has unanimously approved H.R. 1065, the Nonadmitted and Reinsurance Reform Act of 2007, which is designed to streamline the regulation of US nonadmitted insurance and reinsurance.
Broker in private equity firm warning
Almost half of private equity firms believe they will face an increased level of lawsuits over the next two years, according to a survey by Marsh.
Lloyd’s and Benfield agree risk modelling deal
Benfield has signed a five-year agreement to provide a range of risk modelling and consulting services to Lloyd’s syndicates.
London upholds Bermuda BHC gagging order — no hearing until August at earliest
The highest court for Bermudian judicial matters, the Privy Council in London, has imposed a reporting ban pending resolution of the appeal of the Attorney General and the Commissioner of Police in their request for a gagging order against various…
Aon report highlights low levels of captive ownership
Aon's latest attempt to drum up interest in alternative risk transfer has seen the global broker claim there is huge opportunity in captives, with 47% of the world's biggest firms still not owning one. According to a report from the company today the…
Recent floods more severe than Carlisle, warns adjuster
GAB Robins has established a disaster response centre in Brighouse to deal with the extremely high volume of claims being notified across all the affected areas due to the recent floods. With further claims expected in the coming days it has based an…
Miller appoints boss for North American broking
Lloyd's broker Miller has announced that John Eltham has been appointed head of North American broker business.
Crawford faces flood of claims
Over the last two days, Crawford & Company has received 1,500 cases due to the extraordinary weather incident that has rocked the UK.
Floods set to cost businesses £50m on top of property insurance claims
UK businesses will be hit for £50m due to the recent severe flooding, according to a business analyst at Grant Thornton.
Bupa signs Whitbread contract
Bupa Health Insurance has been appointed to provide private healthcare to around 1500 Whitbread team members for the next three years.
HSBC indicates insurance aspirations with senior hire
HSBC Bank have appointed Christen Schnor as head of insurance with responsibilities for the UK, Turkey, the Middle East and Malta.
Policyfast Delivers Courier Product
Policyfast have announced a further addition to its range of products available to brokers on-line in the shape of a courier facility
SPPS launches remote monitoring technology
Crack and level monitoring specialist SP Property Services (SPPS) has launched new remote monitoring technology – subBOX - that will measure building or structural movement.