News
Willis announces 4% cut to global workforce
Up to 125 jobs could be lost in the UK following Willis' announcement that it is axing 4% of its glo...
QBE completes acquisition
QBE's acquisition of Greenhill Underwriting Group has been completed. Greenhill is a UK-based underw...
Appointment at JTW Reinsurance Consultants
JTW Reinsurance Consultants has appointed Dan Grigg to the post of senior reinsurance consultant. He...
Carole Nash Insurance Consultants secures record profits
Diversification has seen broker Carole Nash Insurance Consultants secure record profits for the year...
Appointment at Herbert Smith
Herbert Smith has appointed a new management team following the retirement of senior partner Richard...
Network Holdings acquires Wyndale Insurance Brokers
Broker Network Holdings has completed the acquisition of Bury-based Wyndale Insurance Brokers. It is...
Names outperforms market
Lloyd's results for 2002 have revealed Names outperfomed the market, with profits 29% above Lloyd's ...
Appointment at Keelan Westall
Nicky Pepper has joined Keelan Westall as sales director. Prior to this, she worked for Morgan Stanl...
XL unveils fresh $50m US liability capacity in London
XL Europe has announced the formation of a new $50,000,000 gross line US liability underwriting unit based in London and has appointed former Zurich London chief underwriting officer, Glenn Burles to head up theunit.
School arsons on the rise
New figures released today by Zurich Municipal, show that the cost of fires in schools increased by 13% in 2004 compared to the previous year. Related costs incurred as a result of school fires cost £83 million last year and have increased by more than…
Fraud database nails first cheat
The Association of British Insurers today revealed the national database launched earlier this year to combat motor insurance fraud has claimed its first cheat.
Appointment at Axiom
Specialist insurance services and consulting organisation Axiom Consulting Limited has appointed Andy Hale as senior client manager, corporate clients, accounting services.
Palace asbestos claimant awarded £200k damages
A widow of an asbestos victim who worked at Buckingham Palace has been awarded nearly £200,000 in compensation in a High Court ruling today (4th May 2005). Roberta Pyle, associate and industrial disease specialist at law firm Eversheds, commented:
Aviva/RAC deal approved
Aviva has confirmed is bid to buy motoring giant RAC has been declared unconditional.
Machell to head up RAC
Aviva today announced that Simon Machell, former Norwich Union customer services director, will become the RAC’s managing director.
SEC broadens finite reinsurance probe
New York-based specialty insurance company Assurant has said that it has been subpoenaed by the Securities and Exchange Commission (SEC) as part of the agency's investigation into finite reinsurance and insurance.
RSA: McIntyre in as Boyle goes
Royal & Sun Alliance has today confirmed that Bridget McIntyre will become UK chief executive and a main board director subject to regulatory approval. Her appointment follows UK chief executive Duncan Boyle's decision to retire from RSA after 32 years…
Oxygen woo duo
London market intermediary Oxygen today announced the appointment of a new life team for its agency operation.
Broker Network completes acquisition of Wyndale
Broker Network Holdings has completed the acquisition of Wyndale Insurance Brokers, of Tottington, Bury, Lancashire.
Marsh bemoans softening market as income falls by two thirds
Marsh and McLennan today reported its net income was $134m for the first quarter of 2005 (2004: $446m).It added consolidated revenues totaled $3.2bn, and that the results include pretax charges for restructuring, employee retention, incremental…
Aon finalises transparency model
The IUA has given its backing to prospective additions to London market placing slips to promote transparency.
FWH takes on the Co-operative Bank insurance service
Folgate Warren Hill (FWH) Risk Solutions has announced a partnership with The Co-operative Bank.
QBE completes Greenhill acquisition
The Financial Services Authority has given approval for QBE’s acquisition of Greenhill Underwriting Group, with the transaction completing at close of business on 29 April.
Carole Nash secures 64% profit increase
Diversification has seen Carole Nash Insurance Consultants secure record profits for the year ended October 31, 2004.