News
BIBA Welcome Treating Customers Fairly Report from FSA
The British Insurance Brokers’ Association (Biba) has welcomed the Financial Services Authority’s report published today which shows that many firms have made good progress with their treating customers fairly programmes. The FSA had set firms the target…
S&P: SCOR and Converium ratings unchanged by merger deal
Ratings agency Standard & Poors has affirmed both SCOR and Converium’s financial strength ratings at A- following the Converium board’s unanimous acceptance of a revised takeover offer from the French reinsurer.
Russian group pick ex-SVB figure to head London office
Oslo Marine Group, the investment, insurance and leasing group, based in St Petersburg, Russia, has set up a new representative office in London.
AEGIS loses lead power underwriter
Nick Rnjak, the lead power underwriter with AEGIS Energy Syndicate 1225, has left AEGIS.
TCF index launches to support Industry in readiness for new FSA deadlines
TCF Index has launched a dedicated Treating Customers Fairly consultancy. The company launch is twinned with an independent survey that investigated how the financial services industry is progressing with TCF guidelines set down by the Financial Services…
Government to establish national fraud strategic authority
A National Fraud Research centre is to be established in the UK, Lord Goldsmith confirmed today.
Xbroker adds retail product and enhances broker quote system
Xbroker, the on-line comparative quotation system from commercial broker Moorhouse Group is to add retail to its product portfolio and enhance the functionality of the system to meet brokers’ needs.
Lincoln Exceeds ABI Standard CI Definitions
Lincoln Financial will offer six additional definitions to its Critical Illness product over and above those recommended by the Association of British Insurers’ standard critical illness definitions.
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Guy Carp sues three London Integro defectors
Marsh group’s reinsurance broker, Guy Carpenter has filed a complaint in New York alleging breach of contract against three London-based former executives at its GCFac facultative reinsurance division.
Norwich Union joint venture sets out top 10 aim
HSBC Bank and Norwich Union have today announced plans for the creation of a joint venture, under the "HSBC Insurance" brand, that aims to be a top-10 player in the UK general insurance industry.
RSA unveils new broker boss to replace McManus
Royal & Sun Alliance has appointed Paul Donaldson as managing director, Broker. He is currently CEO of RSA Ireland and will take up his new position 1 July, replacing the outgoing Brendan McManus.
SCOR wins Converium with increased offer
Converium's Board of Directors has unanimously welcomed a revised offer from SCOR which values the Swiss reinsurer at approximately CHF 23.2 share.
Converium recommends new Scor bid to shareholders
Converium's board of directors has unanimously welcomed today's revised offer from Scor and has recommended shareholders accept in an announcement this morning. This decision is fully supported by all members of the global executive committee.
Time to test yourself
A selection of questions from various past-CII qualification papers
Star solicitor slams snobbery
An award winning trainee solicitor has urged law firms to consider applicants from less prestigious ...
HSF rolls out stress advice for workers
Cash plan provider HSF has introduced round the clock stress counselling after it cited costs to ind...
XL dedicates scholarship fund to chief exec
Bermuda-based insurance and reinsurance group XL Capital has established a scholarship in memory of ...
Pick of the Week
Anthony Gould, editor in chief, Post Magazine outlines the major general insurance news stories from ...
Head of marine at PWS
Broker PWS is close to recruiting a "high profile" replacement for its former head of marine who def...
Unitas underwriter plan
Unitas Alliance has announced plans to launch an underwriting agency while confirming Perkins Slade ...
Deadline warning for insurers
Insurers and reinsurers were urged to play a full part in the forthcoming consultation on insurance ...
Insurer refocuses structure
Ecclesiastical Insurance has announced that appointments will be made for areas of finance, risk, te...
Appointment at Dual International
Dual International, has appointed Russell Kilpatrick to its board. Mr Kilpatrick is managing directo...