News
Meehan takes new customer experience director role at Axa
Axa Insurance has appointed former Smart and Cook and Venture Preference boss Paul Meehan as customer experience director from September, as part of a restructure.
Marsh recruits duo for Manchester base
Marsh has appointed Iain Brown and Shirley Sutcliffe as senior placement brokers in its national marine broking centre, based in Manchester.
Kennedys opens new office
Kennedys opened a new office in Singapore today.
$200m ACR Retakaful MEA granted Bahrain licence
The Central Bank of Bahrain has granted a licence for the establishment of ACR Retakaful MEA an Islamic reinsurer, the Bahrain News Agency has reported.
THB reports interim profit rise
Lloyd's broker THB has reported a turnover (fees and commissions) up 30% to £19.4m for the six months and up 12% in the year ended 30 April 2008.
Heath Lambert launches new Homeline Solutions product
Heath Lambert Group has launched a household policy under its Homeline Solutions brand. The policy has been designed to cater for those specialist risks normally rejected by many insurers.
RAA: US reinsurers produced 93.5% combined ratio in 2007
The Reinsurance Association of America has released figures that show the US-domiciled reinsurance industry returning a 93.5% combined ratio for 2007
BMA appoints NAIC's Walter Bell to board
The Bermuda Monetary Authority has appointed Walter Bell to the BMA board of directors.
Axis Capital appoints chief investment officer
Axis Capital, the Bermudian (re)insurer, said that it has appointed Dean Benner as its chief investment officer, effective immediately.
First Assist secures new legal provider deal
First Assist Legal Protection has been appointed by the Prison Officers Association (Scotland) as its new legal protection provider.
Ironshore confirms Pembroke agreement
Ironshore has confirmed it has signed a sale and purchase agreement with Chaucer Holdings and the management of Pembroke for the £17m cash purchase of Pembroke Managing Agency, which manages Lloyd's Syndicate 4000.
Critical Illness payments increase during 2007, says NU
During 2007 Norwich Union (NU) further increased the total number of critical illness payments by 4.7%, from 80% in 2006 to 84.7%. According to the insurer’s latest Critical Illness Claims Report, figures have also revealed a reduction in non-disclosure…
Direct billing scheme called a 'success'
Mobile Doctors, the UK provider of medical evidence, has provided an update on its Medical Reporting Organisations Agreement, which was established 12 months ago following discussions between medical reporting companies, solicitors and third party…
Axiom appoints Lloyd's leader
Mark Elliott has been appointed as a main board director of Axiom and head of its Lloyd’s division.
RSA in new solicitors PI push
RSA today launched its new solicitors package, offering tailor-made professional indemnity insurance to medium sized solicitor firms.
Ironshore buys into Lloyd's through Chaucer's Pembroke
As predicted by Reinsurance , Lloyd’s insurer Chaucer has announced the sale of its shareholding in Pembroke JV Limited to Bermudian insurer Ironshore for £14.9m ($29.8m) in cash.
Lloyd's insurer in £14.9m disposal
Chaucer has sold its shareholding in Pembroke JV to Ironshore for a cash consideration of £14.9m, subject to a pound for pound adjustment to the extent that net assets at completion differ from £0.5m.
Post Claims Club Annual Dinner
A quick snapshot of what you missed at the Claims Club's annual dinner at Lords cricket ground along ...
Integro, Amber Partners introduce hedge fund investor cover
Integro, the complex risk insurance broker, and Amber Partners (Bermuda), the hedge fund operational due diligence firm, have introduced insurance coverage designed to protect sophisticated investors from hedge fund losses due to fraud, allegations of…
Oval fills new national broking role
Oval has appointed Matthew Collins to the new role of national broking director.
Broking group shares jump 66.67% on acquisition news
Broker holding company Brightside shares have risen 66.7% today.
Thomas Miller agrees sale to ARM
Alternative Risk Management, the independent captive manager in Guernsey, has announced that it has agreed terms with Thomas Miller for the acquisition of the latter’s Guernsey company.
FSA admits 20% of firms will miss TCF deadline
The Financial Services Authority has today it expects one fifth of all firms to fail to hit the December deadline for demonstrating that they are consistently treating their customers fairly.
FSA admits target failure in 2007/08 annual review
The Financial Services Authority failed to hit 4 of the 100 targets it set itself for 2007/08, it admitted today with the publication of its annual review.