News
Haircut on bonds could be absorbed by European insurers
A 50% haircut on Greek, Irish and Portuguese sovereign bonds could be absorbed into European insurers’ existing capital resources, according to Swiss Re’s senior economist.
SRA announces January start date for ABS
The Solicitors Regulation Authority will start accepting licensing applications for alternative business structures from 3 January 2012.
Thai floods lead Singapore Lloyd's Syndicate to close to new business
Singapore-based Lloyd’s Syndicate 1965 will no longer be accepting new business following the Thai floods.
Argo looks to Novae for liability head
Argo International has appointed Rupert Taylor as head of International general liability.
Vienna Group appoints head of marketing
The Vienna Insurance Group has appointed Bernhard Fauster head of group marketing with effect from 1 December 2011.
XL names new head of insurance
Greg Hendrick will become chief executive of XL Group’s insurance segment upon the retirement of current insurance head Dave Duclos.
Swiss Re warns of low profits for 2012
Swiss Re’s economists say the insurance industry will not pick up until after 2012.
Pro Sight takes over TSM at Lloyd’s
Pro Sight Specialty Insurance has acquired Lloyd's coverholder TSM Agencies and 100% of the capacity rights to Lloyd's syndicate 1110.
Duo found guilty of £40 000 claims scam
Two friends who claimed against Zurich and Allianz policyholders in ‘slip and trip’ and ‘cash for crash’ scams have each been handed two-year suspended sentences.
Coates named as Dual International CEO
Damien Coates has been appointed chief executive of Hyperion Insurance Group firm Dual International.
Howden eyes Asia with Dallamore hire
Hyperion-owned Howden has signed up Brian Dallamore as an advisor and consultant in Asia, and as a non-executive director of the board that oversees the broker’s retail operations in South East Asia.
Simmons & Simmons expands insurance team
Law firm Simmons & Simmons has added insurance partner Pollyanna Deane to its corporate and commercial group in London.
Argo hires Taylor for international role
Lloyd’s insurer Argo International has hired Rupert Taylor from Novae to head its international general liability division.
Dual strikes Aspen and Pembroke capacity deals
Specialist underwriting agency Dual Corporate Risks has entered into a strategic partnership with Aspen Managing Agency (Syndicate 4711) and Pembroke Managing Agency (Syndicate 4000) to provide additional capacity for directors' & officers' liability.
The Post claims advent calendar – 1 December
To celebrate the countdown to the festive period, we have 24 of the most outrageous, unusual and downright embarrassing claims of the year.
Former Citibank broking boss joins Howden Asian board
Howden Broking Group, the broking arm of Hyperion Insurance Group, has recruited Brian Dallamore as an advisor and consultant in Asia.
Keychoice teams up with Lorega
Loss recovery managing general agent Lorega has linked up with Keychoice to provide commercial loss recovery insurance and services for its 800 plus broker members.
Dual extends D&O through Lloyd’s
Specialist underwriting agency DUAL Corporate Risks has entered into a strategic partnership with Aspen Managing Agency (Syndicate 4711) and Pembroke Managing Agency (Syndicate 4000) to provide additional capacity for directors' & officers' liability.
Buyers queue up for Thai flood-hit Hardy
Hardy Underwriting has said it has had several preliminary expressions of interest in its business after putting itself up for sale following catastrophe losses from the Thai floods.
HBL lowers offer for cat-hit Omega
Omega bidder Haverford has confirmed that it has cut its offer for 25% of the troubled Lloyd’s business to 74p per share.
R&Q buys Lloyd’s HNW MGA Synergy
Randall and Quilter is to buy the high net worth managing general agent Synergy Insurance Services.
Imperial Consultants gains accreditation for in-house claims course
Property claims validation firm Imperial Consultants has gained accreditation from the CII for its in-house claims technicians training course.
Career development: MA names new standards manager
The Lloyd’s Market Association has appointed Ben Baker to the role of professional standards manager, as it prepares to launch its new training academy.
Underwriting Service Awards 2011
The second annual Underwriting Service Awards ceremony took place at the Oval cricket ground, London, with more than 250 underwriters in attendance. The winners were determined by the feedback and views of intermediaries, who place risks on behalf of…