News
Singapore-based insurer completes solvent scheme transfer
Whittington has announced the completion of a Solvent Scheme of Arrangement for a Singapore-based insurer Lion City Run-Off (formerly the Offshore Insurance Fund business of The Insurance Corporation of Singapore).
GHL announces internal promotions
GHL Insurance Services the appointed UK service provider to Gibraltar based insurers Link and Zenith has announced number of internal promotions as part of its ongoing product rationalisation process.
Lloyds TSB appoints Lozano for institutional insurance business
Lloyds TSB Corporate Markets has appointed Gabriela Lozano as a relationship manager in the institutional insurance arm of its Financial Institutions team.
Loss adjusting CEO resigns
The Axis board has announced that Peter Shortland the chief executive has resigned from the company.
Staff were scared says Bright
The finger of blame shifted to Michael Bright’s senior management today, but the former boss acknowledged how their fear of him may have led to them keeping their actions secret, compounding Independent’s woes. Ralph Savage reports .
Former Standard Life CEO Bell passes away
Former Standard Life chief executive Scott Bell CBE has died aged 65.
Moody's: US sub-prime crisis has limited impact on European insurers
The current crisis in the US sub-prime market and the related uncertainty surrounding structured vehicles will not have a direct material impact on European insurers.
New car catastrophe product from AA Warranty
AA Warranty has launched fully comprehensive car ‘catastrophe’ cover designed to appeal to motorists who only want cover for expensive mechanical breakdown.
SSP transacts first live policy on i-market
IT provider SSP has transacted its first live policy – through its integrated imarket panel currently in pilot phase with a small number of brokers.
Aon warns UK broadcasters on reputational damage
Aon has warned the broadcasting and telecommunication sector about the impact on their reputation subcontractors can have.
Carvill teams up with energy derivatives broker TFS
Reinsurance broker Carvill and Tradition Financial Services (TFS) Energy, an inter-dealer broking of over-the-counter (OTC) and exchange-traded physical and derivative products, have announced an agreement to form an insurance derivatives brokerage…
Broker strikes 17th deal
Woodstock Insurance Brokers has announced its 17th acquisition.
Legal expenses insurers in tie up
Bristol-based legal expenses provider Arag has secured a strategic tie-up with ATE in an effort to broaden its penetration into the after- the-event legal expenses market.
Collapse cost Bright's £59m fortune
Michael Bright’s defence continually pointed to the huge personal fortune he had tied up in Independent, as the former chairman took the stand today, writes Ralph Savage .
NU promises 100 more on-site account execs
Norwich Union is to increase its Broker Onsite Underwriting Service with a further 100 business account executives over the next 18 months.
Aon boosts north of the border team
Aon has strengthened its Scottish unit by making five new appointments to its property and public sector teams.
Bright points finger at Rutter on first day on the stand
Michael Bright broke down in court today as he recalled driving himself and his senior management “mad” in the years leading up to Independent’s collapse. Ralph Savage reports .
Novae Syndicates announces reshuffle
Lloyd's (re)insurer Novae Syndicates has announced several management changes to its Syndicate 2007 - following the decision of active underwriter Alan Hicks to retire later this year.
Belfor launches Cutty Sark restoration work
Belfor UK has been appointed to help the specialist conservation of the Cutty Sark, after it was damaged by a fire in May.
GHL set to transfer renewal rights
GHL Europe has revealed it will transfer the renewal rights of the fleet motor products underwritten by its Gibraltar-based insurer Link Insurance Company to Lloyd’s motor insurance syndicate 1231 – managed by Jubilee Managing Agency.
Jubilee to take over Link fleet products
GHL Europe, the holding company for the European businesses of Caribbean-based financial services group Guardian Holdings, has announced its intention to transfer the renewal rights of the fleet motor products currently underwritten by its Gibraltar…
Marsh strikes deal with broker
Marsh has agreed to work with worldwide diamond trade insurance broker Driesassur NV. The working relationship is formed with Marsh’s Specie Practice, which delivers insurance services and advice concerning valuable property, precious metals and stones…
Partner Re to consolidate $1bn reinsurer in Dublin
Bermuda headquartered global reinsurer Partner Re has announced that its subsidiary Partner Reinsurance Europe based in Dublin, will be the principal reinsurance carrier for its business underwritten in France, Ireland, Switzerland and Canada from…
Insurance entrants getting younger
The average age of those gaining an entry level qualification in the insurance industry has fallen y...