News
Seven arrested after staged accident investigation
City of London Police deployed 80 officers in the North London area today and arrested 7 people, six men and one woman, as part of an investigation into a large-scale insurance fraud and money laundering.
ATE insurer appoints new executive
DAS Legal Expenses hasd hired Zoey White for its ATE insurer department, as a solicitor account executive.
Organisations in the insurance sector lose staff as they fail to meet expectations
Resignation rates are higher in the insurance sector than the national average, for the year to January 2006, as organisations fail to meet the needs of their staff. A survey of 22,480 individuals shows that despite an increase in earnings, insurance…
Insurers slammed over cancer exclusions
People with a history of cancer feel forced to cancel their holidays because they are unable to purchase travel insurance, according to new research published today.
Former CNA underwriters join Beazley in new regional drive
Lloyd's insurer Beazley today announced the expansion of its marine underwriting team with the appointment of James Tarran and Chris Riley, to set up a marine underwriting presence in the North of England, based in Leeds and Manchester, respectively.
S&P announces positive outlook on Munich Re ratings
Standard & Poor's Ratings Services has revised its outlook on Munich Reinsurance and its core operating entities to positive from stable. In addition, the 'A+' counterparty credit and insurer financial strength ratings on Munich Re and related core…
Clyde & Co in US expansion
Clyde & Co has announced its entry into the US legal market by opening offices in New York and Los Angeles. This follows the firm’s expansion into China with an office in Shanghai in February of this year and Moscow last July.
Open GI attains Microsoft Gold Standard
Open GI, the broking software house, has announced it has achieved a Gold Certified status in the Microsoft Partner Program, which provides it with extra access, training and support.
RI3K to cut electronic prices
RI3K has announced an 80% price cut for underwriters using its electronic marketplace.
New WTC legal battle
World Trade Center developer Larry Silverstein and the Port Authority of New York and New Jersey are suing insurers to demand that they pay up on the buildings destroyed in the September 11 attacks.
Moody’s affirms Generali rating
Moody's Investors Service has announced that it had affirmed the Aa3 insurance financial strength rating and A1/A2/A3 debt ratings of Assicurazioni Generali. The rating actions follow Generali's announcement that it intended to acquire Toro Assicurazioni…
Layton Blackham acquires in West Midlands
Layton Blackham has announced the acquisition of Cox Hepburn Insurance Services.
AWAC hires Morgan for ceded reinsurance
Bermudian (re)insurer Allied World Assurance Company (AWAC) has announced that Susan Morgan has joined as its senior vice president, ceded Reinsurance. In her new position, Ms Morgan will analyze AWAC's global book of business and purchase reinsurance…
UKI lays off 100 staff
Royal Bank of Scotland Insurance’s subsidiary UKI Partnerships has made around 100 staff redundant, following a review of the company’s operations.
Powell takes on LMA motor role
David Powell has been appointed motor manager at the Lloyd’s Market Association. Mr Powell joins LMA from the Association of British Insurers and takes over the role from Roger Jones, following his retirement.
Loss adjuster amalgamates offices
Cunningham Lindsey's loss adjusting services operations in Birmingham and Leicester have amalgamated and moved to a single space, located at Birmingham Business Park, Solihull, adjacent to Birmingham International Airport.
Kiln in massive catastrophe expansion for 2007
RJ Kiln, the Lloyd's managing agency wholly owned by Kiln plc, has said it aims to increase its overall capacity by 25% on 2006, bringing total capacity to over £1 billion for 2007.
Fitch affirms Mapfre ratings
Fitch Ratings has affirmed its Insurer Financial Strength rating of 'AA-' (AA minus) on Mapfre Mutualidad, the Spanish motor insurer and parent company of the Mapfre insurance group.
Loss adjuster recruits former GAB COO to develop UK network
Loss adjuster MYI Limited has recruited Trevor Latimer as director, UK Operational development.
Towergate brings in new finance director
Towergate has announced the appointment of Ian Patrick as group finance director. Patrick's most recent position was group finance and operations director at Highway Insurance.
Catlin to underwrite kidnap and ransom
Catlin has formed a crisis management underwriting team that will write product recall and kidnap and ransom coverages from 1 July 2006.
UIA implements compliance solution
UIA has deployed a new customised marketing resource management solution to improve marketing efficiency and help keep marketing campaigns in line with financial regulations. The deal was signed with Be the brand experience, a services provider firm.
Football league's claim against Hammonds fails
The Football League’s £140m High Court negligence claim against law firm Edge Ellison has failed.
Government praised but asbestos concerns remain says APIL
Swift action by the Government to reverse last month’s controversial House of Lords ruling has been praised by personal injury lawyers.