News
Indie bosses get 14 years
Former Independent Insurance chairman and managing director Michael Bright was sentenced to seven years for fraudulent trading at Southwark Crown Court this morning.
Chaucer hails Marsh appointment coup
Chaucer Syndicates has appointed Andrew Voke as head of marine, with responsibility for the continued development of the marine division of Chaucer Syndicate 1084.
Global insurance giant begins new CEO hunt
XL Capital has announced that Brian M. O’Hara, president and CEO of XL, has informed the board of directors of his decision to retire as President and CEO in mid-2008.
Indie: a potted history
The Serious Fraud Office has published its version of the collapse of Independent Insurance following today's guilty verdicts against the three former directors. It follows below:
Indie trial: SFO statement
In an official statement issued this afternoon, the Serious Fraud Office outlined the verdict in the trial of the three former directors of Independent Insurance.
Indie trial on film
>In the wake of today's verdict at Southwark Crown Court in the trial of the three former directors of Independent Insurance here is a small film. Watch it now
Integro boosts London operation with Willis swoop
Integro has appointed Guy Bessis as managing principal with the firm’s newly established international insurance and reinsurance unit in London. he has been charged with developing business from Continental Europe and South Africa and developing Integro…
Townsley to head the Association of Friendly Societies
Andrew Townsley, chief executive of Sheffield Mutual Friendly Society has been elected president of the Association of Friendly Societies. He was previously vice president.
IRM in Malay tie-up
The Malaysian Insurance Institute and the London-based Institute of Risk Management have agreed to promote IRM's risk management professional programmes in Malaysia.
Broker Network snubs approach, but remains open to improved offer
Broker Network has snubbed a recent approach to buy the company, strongly believed to have been made by Axa and Towergate.
Markel reveals Nordic expansion plans
Markel International has announced its plans to open for business in Sweden in its first move into the Nordic markets.
Willis proposes sex discrimination settlement with $8.5m fund
Willis has announced that the federal court in New York has given preliminary approval to the settlement of a class action suit filed against the company in 2001 that raised issues of gender discrimination in compensation and promotion during the period…
ABI accuses Whitehall of nationalising travel insurance scheme
The Association of British Insurers has criticised the Department for Transport's decision to scrap Air Travel Organisers’ Licensing bonds in favour of a flat £1 levy on holidays, the ATOL Protection Contribution.
The Indie Trial Verdict
Michael Bright, Denis Lomas and Phillip Condon are sentenced at Southwark Crown Court.
Posner takes new role
UK Underwriting has appointed Howard Posner as chairman of the company and its subsidiary companies, including Acumus Insurance Solutions and TPS (Insurance Admin Services).
Novae appoints Gibson as Scotland and NI manager
Novae Insurance Company has appointed John Gibson as regional manager for Scotland and Northern Ireland.
Morton moves to Aon from JLT claims role
Aon Global has appointed Alan Morton as director responsible for claims advocacy.
Henderson reports brokerage up 23%
Henderson has revealed its 12 month financial results with brokerage up 23% on the previous year.
Oval profits up £300 000
Oval has released results for the year ending 31 May 2007 showing revenues rising sharply with a 27% increase, but profits growing only 6.5%.
UK Poultry Farmers Could Lose £30m at Next Bird Flu Outbreak
UK poultry farmers stand to lose as much as £30m in a major outbreak of avian flu due to EU regulations affecting government compensation. The regulations mean there is a potentially significant gap between the compensation received for slaughtered birds…
Amlin appoints ex-Farmers boss Feinstein as non-exec
Amlin Martin Feinstein, as an independent non-executive drector of Amlin, to take effect on 1 December 2007.
Norwich Union adds child CI cover
Norwich Union (NU) has revealed that it is to extend children’s critical illness cover to all CI policies.
Iprism and Go-Compare launch commercial aggregator
Online SME insurance comparative quote facility Iprism has launched a white label service and announced its first client is insurance comparison website, Gocompare.com. Both parties claim the partnership marks the first time that a commercial insurance…
Reshuffle boost for Venture Preference
Venture Preference - Axa’s broker subsidiary - has announced its first four senior appointments since the purchase of Stuart Alexander, Layton Blackman and Smart and Cook.