News
Trade credit launch
Broker Alexander Forbes has launched a new trade credit insurance and surety practice. The operatio...
Appointment at Exeter Friendly Society
Exeter Friendly Society has bolstered its sales team by appointing Linda Baker to the newly created ...
Reputational rumour risk
Environmental Claims
Axa Insurance renews liability adjusting arrangement
Axa Insurance has renewed its current liability adjusting arrangement with sole provider Cunningham ...
ELD insurability needs greater legal clarity
Environmental Claims
Risk defence is quashed
A group of Lloyd's reinsurers has lost its appeal against a £100m claim after failing to convince a ...
Appointment at Oval
Naresh Patel has joined Oval Risk Services in Leicester as a managing consultant specialising in bus...
Appointment at Alexander Forbes
Alexander Forbes has expanded its corporate risks and international business in Birmingham with the ...
Appointment at Europ Assistance
Charles Walckenaer has been appointed managing director of Europ Assistance UK and Ireland. Mr Walck...
Lancashire IPO underwriters exercise options
In a sign that its London AIM market debut has been well received by investors, Bermudian start-up Lancashire has announced that it has received notice from Merrill Lynch, acting on behalf of the managers to the placing that it has exercised rights to…
Allianz Cornhill produces interactive risk management guide
Allianz Cornhill Commercial has produced an interactive CD which offers motor trade policyholders guidance on reducing the risks they face. The CD allows brokers to download an electronic copy of the Allianz Cornhill risk management guide.
$1bn Validus Re opens for business
New Bermudian start-up Validus Re has announced its formal launch. The company has raised an initial $1bn in equity capital and has received a rating of A- (Excellent) from AM Best.
Yes car credit blames insurance as it folds
Provident Financial's Yes Car Credit business has closed, with the company blaming reduced sales of insurance products following Financial Services Authority regulation, and competition from motor dealers for sub-prime finance customers.
Lloyd's chief announcement set for New Year
The search for a new chief executive at Lloyd's is down to the final eight candidates.
2006 positive news for insurers, says Swiss Re
Swiss Re has predicted positive underwriting results for the primary non-life and life sectors in 2006. Non-life primary premium rates are, the reinsurer said, expected to grow above inflation in 2006.
SSP restructures board
SSP has announced a restructuring of its board, effective from 1 January 2006. It follows the recent acquisition of Sectornet.
ABI appoints chief economist
The Association of British Insurers has appointed Rebecca Driver as director of research and chief economist.
Finance industry anti-terror excercise highlights areas of concern
The Tripartite Authorities - Her Majesty's Treasury, the Financial Services Authority and the Bank of England - are today publishing the results of a survey of the UK financial sector's ability to cope with major operational disruption, such as a…
Converium names new CEO
Inga Kristine Beale has been appointed as the new CEO of Converium. A British citizen, she is currently CEO and chairman of the Board of Management of GE Frankona, as well as the leader of GE Insurance Solutions' Property & Casualty reinsurance business…
Amlin: Bermuda operation rated
Amlin has confirmed that its new Bermuda reinsurance operation has been assigned a financial strength rating of A- (Excellent) with a stable outlook by rating agency AM Best.
JLT Re to start trading 1/1
UK based (re)insurance broker, JLT has announced that JLT Reinsurance Brokers has received approval from the FSA to commence trading from 1st January 2006. Alan Griffin has been appointed chairman and chief Executive with immediate effect, reporting to…
Product recalls rise by 16%
The number of product recalls in the UK has shot up 16% over the last year according to research by Reynolds Porter Chamberlain, the City law firm.
New chief executive for Atrium
Atrium Underwriting plc has announced today that Nick Marsh is moving into a new role as director of corporate underwriting. He will also be director of underwriting review for the wholly owned managing agency subsidiary, Atrium Underwriters Limited.
FSCS declares 17 in default
The Financial Services Compensation Scheme has declared 17 firms in default, giving clients the right to claim up to £48 000 compensation.