News
Brokerbility buys BiB
Brokerbility Group is expanding its operations with the addition of Darlington-based broker BiB, whi...
Looking back
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance ne...
PTA may be scrapped
Pension term assurance (PTA) looks set to be scrapped from 1 April next year, the Pre-Budget Report has revealed.
Ascot ups capacity for 2007
Lloyd's specialist (re)insurer Ascot Underwriting has announced plans to increase capacity on Syndicate 1414 from £550 million this year to £625 million in 2007 – a rise of just over 13.5%.
Broker makes first acquisition since 1957
K Drewe Insurance Brokers has made its first acquisition in its fiftieth year of trading.
FSA – Response to Practitioner Panel Report
The Financial Services Authority (FSA) last week responded to the latest survey of regulated firms by the independent Financial Services Practitioner Panel.
ABI dissatisfied with Pre-budget plans on GI tax treatments
The Association of British Insurers has said more discussions are required with the Treasury over plans to change the tax treatment of general insurers' reserves.
Aspen launches alternative to credit default swap
Aspen Insurance today announced the completion of an insurance policy which has characteristics similar to a credit derivative. The policy is for up to $420 million of reinsurance receivables, in a transaction with Deutsche Bank, an AA rated investment…
UK's first claim for compensation following a diesel spill fatality
The UK’s first known claim for compensation for the death of a motorcyclist caused by spilt diesel on the road, has been submitted by personal injury lawyer, Andrew Campbell.
Catlin to promote "affordable" terrorism cover
Catlin Insurance Company Bermuda has developed an insurance and reinsurance product it said will provide affordable coverage for acts of nuclear, chemical, biological or radiological terrorism.
Liberty Syndicates to cut capacity by £187m
Liberty Syndicates today announced that its capacity for the 2007 underwriting year will be £725 million, down from £912 million in the 2006 underwriting year.
Brokerbility expands into North East
Following the addition of Surrey based broker Clear Insurance Management, the Brokerbility Group is expanding its operations again with the addition of Darlington-based broker BiB.
MPs highlight teenager road death stats
An early day motion has been tabled in the House of Commons, with a number of MPs expressing concern at the level of deaths among drivers aged 16-19.
IFB publishes 'crash for cash' statistics
National statistics released today by the Insurance Fraud Bureau highlight the scale of staged and induced motor accident fraud across the UK and the direct risk to public safety.
Oxygen in FI push
Oxygen Insurance Brokers is launching a new management risk practice to focus on commercial and financial institutional clients.
NFU Mutual announces £87.5m IT outsourcing contract
NFU Mutual has signed a €130m (£87.5m), ten year IT outsourcing contract with Atos Origin. The contract covers the outsourcing of all data centres and desktops to Atos Origin, with 78 jobs transferring from the insurer to the supplier.
Marsh appoints South as UK chief executive
Marsh has announced that Martin South is to fill the new role of chief executive officer of its UK operations. He will report to Alex Moczarski, CEO of Marsh, Europe Middle East and Africa.
THB sells regional retail business to Towergate.
THB Group has today completed the sale of its provincial retail operations to insurance intermediary group Towergate. The specialist insurance broker said the deal will complement investment from the group's bankers as it looks to grow the specialist…
Bermuda platform Syncro behind ICAT-Chaucer deal
It has emerged that Syncro, a Bermuda-domiciled financial platform which was established earlier this year {link}, was used for the recent transaction which saw ICAT Holdings set up a Lloyd’s syndicate for 2007 .
Higos makes tenth acquisition
Higos Insurance Services acquired Sharp Insurance of Newbury bringing the west country firm to a total of ten acquisitions in just four years.
AIRMIC publishes SME buying guide
AIRMIC has published a 28-page guide to buying business insurance. The booklet, which is illustrated with cartoons, is aimed mainly at small and medium-sized firms that lack specialist expertise in this area. Its purpose is to help firms acquire cover…
Glacier Re poaches senior underwriter from Swiss Re
European reinsurer Glacier Re has appointed Mario Ciancarelli as Senior Underwriter with immediate effect.
Arista to launch Arag legal expenses lines
Arista Insurance, the new commercial lines insurer launched earlier in the year by Charles Earle, has signed an agreement with Arag Group to provide Arista with a legal expenses insurance product.
Heritage underwriting director joins from Lloyd's Japan
Heritage Underwriting Agency has appointed James Sardeson as Underwriting Director. Mr Sardeson will join the group's board and he will also become a member of the group executive.