News
Lloyd's insurers look likely to face big payout
Lloyd's property and casualty insurers look likely to face a big payout, following damage caused by ...
Appointment at Sirius Financial Systems
Mark Potter has been made a systems consultant at Sirius Financial Systems. Previously with Misys, M...
Insurers keep eye on Appeal ruling
Insurers will closely monitor developments at the Court of Appeal next week, when a claimant's right...
Appointment at Towergate
Towergate has made Jonathan Walker sales and service managing director. He previously worked in seni...
Layton Blackham reports increased growth
Broker Layton Blackham reported increased growth, improved profitability and profit (before the amor...
Beazley expands its marine underwriting team
Lloyd's insurer Beazley has expanded its marine underwriting team by appointing James Tarran and Chr...
Names move again to try to recoup losses
The long fight for Lloyd's Names to recoup their losses moved to the High Court this week with a gro...
The saga of The Accident Group continues
The saga of failed personal injury firm The Accident Group continued after a new timetable was set f...
HIB to aquire across the UK
Henderson Insurance Brokers is looking to expand into Scotland, the North-west and South-west, it sa...
FSCS pays out £93.2m in GI compensation
General insurance compensation made up nearly half of the Financial Services Compensation Scheme's p...
Appointment at Arthur J Gallagher
Arthur J Gallagher has appointed two non-executive directors to its UK board, Mike Cooper-Mitchell a...
Ace Brandywine sales go through
Ace has announced that the sale of its Ace American Re, Brandywine Re (UK) and Brandywine Re S.A.-N.V. units to Randall & Quilter has closed.
Personal injury victim hails Lords' judgment on damages
A Dorset man could receive up to £5.5m in compensation, after a House of Lords judgment delivered this morning, according to a firm of personal injury solicitors.
OECD slams Russia over slow insurance progress
Just four days after its government abolishing exchange controls on the rouble, the OECD has criticised Russia for failing to open up its insurance markets to foreign investment.
Jim Rush to be made JLT FD after interims
Jardine Lloyd Thompson has announced that immediately following the its 2006 interim results George Stuart-Clarke will stand down as finance director and be replaced by Jim Rush.
2nd ICICI Northern Ireland BPO centre to open
ICICI OneSource, an India-based business process outsourcing company, has announced that its second UK outsourcing centre will open in Londonderry later this year.
Moody’s reviews SCOR ratings for possible upgrade
Moody's Investors Service has announced that it has placed the Baa1 Insurance Financial Strength Ratings of SCOR and its various subsidiaries, as well as SCOR's Baa1 senior and Baa3 subordinated debt ratings on review for possible upgrade.
SCOR buys up Revios
French reinsurer SCOR has bought up Revios for €605m. It plans to combine Revios with SCOR Vie, creating SCOR Global Life and in the process becoming the fourth largest life reinsurer in the world.
Blanc adds to Towergate team
Towergate has announced further strengthening of its retail broking division with a trio of appointments.
FSCS admits few broker claims of "significance" so far
The Financial Services Compensation Scheme, the UK's financial fund of last resort for customers of financial services firms, paid out £201.22m of compensation to consumers in 2005/6, compared to £174.71m in 2004/05.
Primary launches social housing broker
The Primary Group has launched a new broker serving the needs of the social housing market.
Fitch rates RIC
Fitch Ratings has assigned Russian Insurance Centre an International Insurer Financial Strength rating of 'B' and a National IFS rating of 'BBB-(BBB minus(rus))'. The outlook is stable.
Primary arm in new three year deal
Direct Group has struck a 3 year deal to provide an end to end claims administration service for Primary Group subsidiary UKU.
GAB in senior shake up
GAB Robins group chairman Jun Tsusaka has left the role, being repalced by group CEO and president Edward Troy, who will retain the role of CEO.