News
Highway appoints motorcycle repairer network
Highway Insurance has appointed a specialist supplier to operate a dedicated motorcycle damage repair network for its motorcycle customers. The news follows last year’s introduction of both private car and commercial vehicle approved repairer networks at…
Lloyd's specialist enters Irish market
Lloyd's insurer Sportscover today announced its launch into the Irish market, teaming up with broker and fellow sports specialist O’Driscoll O’Neil.
Indie Trial: Claims manager had no power to sanction reserve hike ban
Former Independent group claims manager, Patricia Clarkson, told the court today that she didn’t have the power or the authority to sanction a ban on reserve increases for the insurer’s liability claims, writes Martin Friel . To see full story and to…
Prosecution: Claims manager had no power to sanction reserve hike ban
Former Independent group claims manager, Patricia Clarkson, told the court today that she didn’t have the power or the authority to sanction a ban on reserve increases for the insurer’s liability claims, writes Martin Friel .
Rehab code to be unveiled at government seminar next week
New standards of practice for vocational rehabilitation practitioners will be announced next week to promote high quality professional support for people wishing to return to work following illness or injury.
Lloyd's debt issue massively oversubscribed
Lloyd's has successfully set the terms for the issue of £500 million of Tier 1 subordinated debt, revealing the issue has been several times over subscribed.
Ace Tempest Re CEO comes to London in global reshuffle
Ace Tempest Re, the reinsurance division of Ace, has announced today a series of executive appointments in its Bermuda, Europe and US operations.
RSA strikes 5 year claims deal
Direct Group's property claims & administration service has been selected for a five year contract as the sole provider of a completely outsourced schemes solution to Royal & SunAlliance.
Construction and cleaning insurance specialist snapped up by Ink
Rayleigh-based Ink Underwriting Agencies has snapped up local commercial insurance brokerage Mill Hall Commercial Insurance.
Giles outlines plan to double underwriting business following deal
Giles Insurance Brokers has acquired Rayleigh companies Ink Underwriting Agencies and PDT Insurance Consultants.
Anderson switches sides in EMB move
Duncan Anderson, until recently global non-life leader at Watson Wyatt, has joined EMB as a partner.
Fortress purchase of Alea goes unconditional
Bermudian (re)insurer in run-off Alea has announced that its acquisition from private equity and hedge fund manager, Fortress Investment has been declared unconditional.
MPs call for national staged accident action plan
Two MPs have bought an early day motion expressing concern over a lack of a national campaign to combat induced motor accidents. Nigel Evans MP for Ribble Valley and Andrew George MP for St Ives have signed the motion.
Lomas' defence questions orders not to disclose info to auditors
Mukel Chawla, representing former finance director Dennis Lomas, cross-examined Colin Hawes today about his testimony that Mr Lomas had asked him not to disclose certain information to the internal auditor, writes Olivier C. Laurent .
London market insured McLaren F1 prize
The surprise success of Formula 1 (F1) racing driver rookie Lewis Hamilton has had London's contingency market buzzing after it emerged his McLaren F1 team's lead sponsor has covered win bonuses through an insurance policy.
Indie Trial: Condon's defence highlights thorough approach
On his third day on the stand, Colin Hawes, ex-deputy divisional claims director of Independent’s London Market operation, was questioned by Gareth Rees QC representing Philip Condon about the defendant’s role in monitoring claims reports and the…
Hawes recounts Condon's plea to stay in 2000
During his cross-examination, Colin Hawes, ex-deputy divisional claims director of Independent’s London Market operation, recounted a meeting in Leadenhall Market with Philip Condon in the second part of 2000, writes Olivier C Laurent .
Condon's defence highlights thorough approach
On his third day on the stand, Colin Hawes, ex-deputy divisional claims director of Independent’s London Market operation, was questioned by Gareth Rees QC representing Philip Condon about the defendant’s role in monitoring claims reports and the…
Lancashire secures $49m+ contingent equity facility
Bermudian (re)insurance start-up, Lancashire Holdings has announced that it has entered into a short-term contingent equity arrangement to provide it with at least $49m in funds at its discretion.
Aspen Re chooses Zurich for new European hub
Bermudian-parented reinsurer Aspen Re has unveiled plans to open a major European hub office in Zurich trading under the name Aspen Re Europe.
Post pick of the week
Anthony Gould, editor in chief of Post provides a run down of the major news stories in this week’s issue of Post Magazine including: insurers near breakthrough in battle against whiplash fraud; F1 hero Hamilton’s insurance; Former Axa boss joins Broker…
State Farm to place Jumbo $4bn Cat bond
US insurance giant State Farm is to place just over $4bn in catastrophe bonds through a vehicle called Merna Re.
Capita underwriting manager joins rival
Arc Legal Assistance has appointed Sarah Dyer to the newly created position of underwriting manager.
GAB looks to Matthews for UK business
Neil Matthews as joind loss adjuster GAB Robins as business development manager for the UK. He joins from Close Premium Finance where he was national new business manager.