News
JP Morgan sponsors new transformer Ocean Re
A new (re)insurer, Ocean Re, has been licenced in Bermuda and will act as a so-called 'transformer' c...
RenRe to build reserves with securities offering
Bermudian reinsurer RenaissanceRe (RenRe) has filed another shelf registration statement with the Sec...
Arig loss totals $88.3m in 2001
The Arab Insurance Group (Arig) made a $88.3m loss in 2001, compared with a $90.9m loss the previous ...
ART unlikely to fill gap in terrorism cover
Alternative Risk Transfer (ART) products are unlikely to offer solutions to the shortage of terrorism...
Appointment at Crutes.
Legal executive David Foster rejoins Crutes as part of the general insurance litigation and police t...
Euro shake-up to cost billions.
UK insurers have been criticised for failing to help shape the future of European industry regulatio...
Call to allow brokers power over commission.
As insurers move to cut commission, Kevin Pallett calls for a more flexible and fairer approach to broker remuneration, rather than the current one-size-fits-all solution.
Room Solutions has appointed Peter Miller ...
Room Solutions has appointed Peter Miller as head of international business development to spearhead...
On good authority.
The recent imposing of new regulations by the FSA has put the delegated authority sector under the spotlight. The need for compliance and quality controls has had a direct impact on the recruitment and training of staff within these schemes, says Lesley…
Axa down despite commercial rise.
Axa has defended its losses in UK personal lines revenue as part of its on-going strategy to streaml...
Cunningham Lindsey's Specialist Adjusting Network ...
Cunningham Lindsey's Specialist Adjusting Network was called to the scene of the explosion on Old Py...
One voice not enough for all.
The proposed ABI/BBA merger raises questions over how the smaller players will get their voices heard, says Steve Devine.
Towergate vows to retain Folgate book.
Underwriting group Towergate said this week it is confident of retaining Folgate Insurance's books o...
No-fault insurance fraud ...
No-fault insurance fraud costs New York drivers $1bn (£700m) a year, insurance superintendent Gregor...
Appointment at Horizon Portfolio Management.
Steve McCann joins Horizon Portfolio Management as claims director. He has more than 20 years' exper...
On-line reinsurance platform Inreon opens in Hong Kong
Online reinsurance trading platform Inreon has opened an office in Hong Kong as part of its expansion...
NU unveils pay-as-you-go pilot.
UK insurers have shown little willingness to follow Norwich Union's lead in unveiling plans this wee...
Appointment at Aon Consulting.
Aon Consulting has taken on Eileen Imrie as a senior consultant in its executive benefits practice. ...
Hiscox extends delegated power.
Lloyd's insurer Hiscox is to extend the underwriting authority its high net worth brokers have throu...
Groupama taken off market as management team goes.
Groupama UK was last week taken off the market by its French parent, following a failure to find a b...
Appointment at Claimsplus.
Claimsplus has made Gary Vickery head of supply management, with responsibility for managing the com...
ClaimEx launches nationwide adjuster alliance.
Chartered loss adjuster ClaimEx has formed The Claim Experts Network, which, it said, is the first n...
Appointment at GastonWhybrew.
Richard Whybrew and Keith Gaston have set up their own property and subsidence law practice. Togethe...
DVT not a new phenomenon.
With regard to Economy Class Syndrome (Deep Vein Thrombosis): In 1789, Count Leopold Berchtold wrote...