News
FSA to end audit requirements for small firms
The Financial Services Authority has announced that it will remove audit requirements from regulated small firms and appointed representatives.
Broker Clear acquires Kempster Lobo
Clear Insurance Management has completed its 5th broker acquisition - City based Kempster Lobo (Insurance Brokers).
Montpelier Re publishes Q2 figures
Montpelier Re Holdings has reported comprehensive income for the quarter ended June 30, 2006 of $63.2m, compared with $110.6m for the same quarter last year.
NIG makes distribution appointments
NIG has appointed Martin Kelsh and Tim Griffiths as strategic account managers.
IGI in legal expenses push
Specialist UK general insurer, IGI Group has secured an £5 million legal fee funding facility aimed at personal injury solicitors to drive its after-the-event legal expenses business.
Global insurer in UK regional push with former Cornhill broker boss
Endurance has appointed Mark Hadfield to the role of business development manager in its UK property business to focus on running the broker interface and developing the company’s regional portfolio.
Marsh shares rise on bid speculation
Shares of broker Marsh & McLennan have risen more than 5% amid speculation that all or part of the company might be a takeover target.
Aspen posts $101m Q2 profit
Aspen Insurance Holdings has reported a net profit of $101.8m for the three months ended June 30, 2006.
XL Capital posts Q2 profit
XL Capital has reported net income available to ordinary shareholders for the quarter ended June 30, 2006 of $377.1m, compared with net income of $135.9m, for the quarter ended June 30, 2005. Net income excluding net realized gains and losses for the…
JLT takeover talk scotched by analyst
Broker JLT has been tipped to report less than encouraging first half results next week, with prospect of it being taken over hampered by its pension deficit. The company recently held merger talks with rival Heath Lambert which came to nothing.
Aeolus blows into Bermuda
A new reinsurance company is springing up on Bermuda, with the launch of Aeolus Re.
Claims firm to hire 75 staff
Motor claims management company Broker Assistance has outlined plans to hire between 65 and 75 emplo...
Repairer teams with CII
Property repair specialist Multiassistance has teamed up with the Chartered Insurance Institute to c...
FSB issues heatwave guidance
Guidance to help employers cope with the heatwave across the UK has been published by the Federation...
Winners and losers: Post Magazine's monthly round-up of job cuts and gains
WINNERS Somerset-based broker Higos Insurance Services made its eighth acquisition in three years w...
Office romances are on the rise in the UK
More than half of the UK's bosses believe that it is not an abuse of power to have a relationship wi...
Crawford to double with SLS buy
Crawford and Company is looking to double its liability team, with the acquisition of Specialist Lia...
Bill may slow down insurer legal deals
Insurers and lawyers have expressed concern that plans to allow outside ownership of law firms could...
Fortis targets the mobile generation
Fortis UK has acquired the majority shareholding in mobile phone insurance specialist Text2Insure in...
Sail away
In celebration of its 50th Anniversary, K Drewe Insurance Brokers sponsored the GP14 Class Dinghy Na...
Appointment at RGL
RGL has made Adrienne Kouwenhoven head of its new office in Singapore, which will evaluate claims in...
Drug demands could lead to bankruptcies
Patient demands for hugely expensive cancer drugs could bankrupt some private medical insurers, a le...
Motor insurer Sheilas' Wheelers steps up its marketing campaign
Women-only motor insurer Sheilas' Wheels this week stepped up its marketing campaign by launching a ...
Group of MPs tables early day motion
A group of MPs has tabled an early day motion in the House of Commons, demanding travel insurers red...