News
People moves – 3 February 2011
A round-up of people moves and new appointments in the industry, as featured in the 3 February 2011 edition of Post.
FSCS increases broker levy fees
The Financial Services Compensation Scheme has increased its total levy on insurance brokers from £61m to an estimated £93.5m for 2011/12.
Hannover Re "satisfied" with reinsurance renewals
Hannover Re has said it is “satisfied” with the outcome of the 1 January treaty renewals in non-life reinsurance.
Hannover Re "satisfied" with reinsurance renewals
Hannover Re has said it is “satisfied” with the outcome of the 1 January treaty renewals in non-life reinsurance.
Horwich Farrelly wins credit hire case
Insurance litigation firm, Horwich Farrelly has won a case against unenforceable credit hire agreements.
Mapfre revenue tops €20bn
Spanish insurer Mapfre has announced revenue on €20.4bn for 2010 (£17.3bn) – an increase of more than 8% on 2009.
Mapfre revenue tops €20bn
Spanish insurer Mapfre has announced revenue on €20.4bn for 2010 (£17.3bn) – an increase of more than 8% on 2009.
UK brokers call for FSA talks – Insurance News Now – 2 February 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories, including how some UK brokers are calling for a meeting with the FSA to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
Law Society invites members and stakeholders to consider ARP replacement
The Law Society has issued an invitation to its wider membership and other stakeholders to consider an alternative structure that might replace the Assigned Risk Pool.
Danish tunnel project selects risk management partner
The Danish government-owned company Femern has created to buildan 11-mile fixed link between Denmark and Germany has used Risk Decisions’ Predict software to assess the impact of the different risks on the construction cost of the link.
Danish tunnel project selects risk management partner
The Danish government-owned company Femern has created to buildan 11-mile fixed link between Denmark and Germany has used Risk Decisions’ Predict software to assess the impact of the different risks on the construction cost of the link.
Accident Exchange extends credit agreement with Morgan Stanley
Accident Exchange has reduced its debt liability by £50m in a deal wthat it claims provides a significant financial footing for the business.
Alleanza Toro assigned 'AA' financial strength and counterparty credit ratings
Standard & Poor's Ratings Services has assigned its 'AA-' long-term counterparty credit and insurer financial strength ratings to Alleanza Toro SpA, an operating company of Italy-based insurance group Generali. The outlook is stable.
Alleanza Toro assigned 'AA' financial strength and counterparty credit ratings
Standard & Poor's Ratings Services has assigned its 'AA-' long-term counterparty credit and insurer financial strength ratings to Alleanza Toro SpA, an operating company of Italy-based insurance group Generali. The outlook is stable.
Former counsel to Lloyd’s joins Serle Court chambers
Julian Burling, previously counsel to Lloyd’s, has joined commercial and chancery chambers Serle Court.
RFIB launches Russian broker
Lloyd’s of London broker RFIB has established a new retail broker in Russia.
RFIB launches Russian broker
Lloyd’s of London broker RFIB has established a new retail broker in Russia.
Crawford names Marc Godfrey to manage GTS operations in Brazil
He will be based in Sao Paulo and will report to Mauricio Alonso, senior vice president and regional managing director for Latin America, and also work with Bill Johnstone, senior vice president for GTS – Americas.
Defaqto launches 2011 star ratings
Research firm Defaqto has published its financial product star ratings for 2011.
Property Risks appoints new sales boss
Let property insurance and tenant referencing provider Property Risks has named Alan Holton as national sales manager.
Cooper Gay launches European risk management unit
Cooper Gay has today launched a European Markets operation - an integrated trading unit that aims to provide clients with a consistent and timely service for their risk protection needs.
Cooper Gay launches European risk management unit
Cooper Gay has today launched a European Markets operation - an integrated trading unit that aims to provide clients with a consistent and timely service for their risk protection needs.
Allianz teams up with Mercedes GP Petronas Formula One team
Allianz said the partnership underlines its commitment to road safety, Formula One and the automotive industry.
CMS warns of cost of “twin peak regulation”
Law firm CMS Cameron McKenna has claimed that insurance companies will be hit hard by the Financial Services Authority’s Annual Funding Requirement due to the cost of the change in regulator.