News
RPC hires insurance restructure specialist
Reynolds Porter Chamberlain has appointed Pinsent Masons' insurance restructuring specialist Miriam Bartlett as a partner. She will work within the regulatory and brokers team in RPC’s insurance division.
Banks snare intermediary share of home insurance market
The market share of intermediaries in home insurance is falling rapidly as banks and building societies in the UK take an increasing share, according to a new report from Defaqto.
Johnson announces DTI ministers' roles
Secretary of State Alan Johnson today announced the responsibilities of the new Ministerial team at the Department of Trade and Industry.
Appointment at GLP
General Legal Protection has appointed Sheri Scruton as customer services director following the retirement of Janet Aveyard at the end of April.
Merger talks confirmed
Old Mutual has confirmed that it is in preliminary discussions with Scandanavian insurance group Skandia concerning a potential transaction.
Highway bemoans £400 000 merger distraction
Highway has reported itself to be pleased with its first quarter perfomance given the “difficult market conditions and the distraction of merger talks”.
Risk management veteran to head Willis Re’s analytics research
Willis Re, the reinsurance unit of Willis Group Holdings, has strengthened its analytical capabilities, with the appointment of Yakov Lantsman as senior vice president to lead Willis Re Analytics Research and Development.
AIG facing 401(k) lawsuit
American International Group (AIG) is facing a class-action lawsuit that alleges that the insurer led employees to invest in the company's 401(k) savings plan while concealing improper activities that drove down the value of AIG stock in the plan.
RSA rating unchanged after Q1 meets expectations: AM Best
A.M. Best has commented that all ratings of Royal & Sun Alliance Insurance Group plc (R&SA) (United Kingdom) and its main subsidiaries are unchanged by the first quarter 2005 reported earnings as they were in line with A.M. Best’s expectations. The…
PruHealth slams low-cost PMI model
The rash of reduced-cost private medical insurance (PMI) policies coming on to the market is confusing and short-changing consumers according to Shaun Matisonn, chief executive of PruHealth.
NAIC looks at finite reinsurance
The National Association of Insurance Commissioners (NAIC) is taking steps to amend disclosure requirements for insurers that utilize reinsurance with limited risk transfer features, also known as finite reinsurance.
RSA's Haste warns about chasing volume
Andy Haste, group chief executive of Royal & Sun Alliance Insurance today heralded its first quarter results as “a strong start to the year, with good performances from all our core businesses”. However, he warned that in an effort to remain profitable…
RSA better than expected first quarter
Royal & Sun Alliance has recorded pre-tax operating profits for the three months to March of £160m, a 95% increase on the same period last year. Analysts had forecast about £117m. Net written premiums were £1.5b, compared to £1.2bn for the same period…
Steve McGill to head up Aon business
Aon has appointed Steve McGill, former JLT CEO, as CEO of a new global large corporate business unit aimed at the largest global corporations.
Brokers to get online help
Broker software specialist Insurecom has launched a new online training service in collaboration wit...
Time to test yourself: A selection of questions from various past-CII qualification papers
Whether studying for Chartered Insurance Institute exams or just want to test yourself, see how you do
FSA warns about the dangers of offshoring
The Financial Services Authority has warned insurers with offshore hubs about spiralling staff attri...
Appointment at Aspen Insurance
Aspen Insurance UK has appointed David Whiter as senior underwriter for aviation insurance. Mr White...
What the papers said this week
Former AIG boss Maurice Greenberg has threatened to sue the insurer in an attempt to recover a Van G...
Appointment at Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer has appointed insurance specialist Ali Sallaway as a partner. Ms Sall...
Bryan Insurance acquired
Broker News in brief
PwC sells troubled broker's business
The provisional liquidator of Whiteley Insurance Consultants has sold the troubled broker's ongoing ...
Alec Finch acquires Oakley
Broker News in brief
Appointment at Intech Solutions
Intech Solutions has appointed two business analysts to its solutions delivery team: Rebecca Mursell...