News
Outsourcing 25 October: Datamonitor MD to give keynote speech
Martha Bennett, new managing director of Datamonitor will provide the key note speech as Post's Outsourcing conference next week, Wednesday 25 October. E-mail emilie.martin@incisivemedia.com to reserve your place.
Small companies offered regulatory olive branch
Trade and Industry Minister Jim Fitzpatrick has laid regulations that could save small financial services companies some £15.25m a year in total.
JLT completes £53m US sale
Further to the announcement made on 8th September 2006, Jardine Lloyd Thompson has confirmed the sale of its US based Property and Casualty Insurance and Employee Benefits businesses to Alliant Insurance Services was completed after the close of business…
Pleural plaques appeal hearing announced
An appeal to the Law Lords to reinstate compensation for sufferers of asbestos related condition pleural plaques has been set for summer 2007.
Converium in clean break from US with $295m Berkshire deal
Zurich-based reinsurer Converium has signed a definitive agreement to sell its North American operations to Berkshire Hathaway subsidiary, National Indemnity, for $295m, comprising $95m in cash and $200m in assumption of debt.
New reinsurance buyer at XL Insurance
David Duclos, chief operating officer for XL Capital’s ("XL") global insurance operations ("XL Insurance"), has announced the appointment of Robert Andrews as head of its global ceded reinsurance operations.
RSA calls EGM to thrash out US sale
Further to the announcement made on 28 September 2006, Royal and Sun Alliance said today a circular relating to the disposal of its US Operation has today been posted to shareholders.
Freight forwarding firms given regulatory reprieve
The Economic Secretary to the Treasury, Ed Balls, today announced that freight forwarders will be removed from the scope of Financial Services Authority insurance regulation, in a move that will decrease regulation on the industry and help promote its…
Report predicts industrialisation of insurance industry
Large European insurance companies are widely embracing industrial operating models in order to cut costs and improve customer service, according to an Accenture survey of senior executives at 30 of the top 100 insurers in Europe.
Pinnacle exec moves to Sterling
Sterling Insurance has appointed Phil Carr as senior development manager.
Groupama promotes Harris
Groupama Insurances promoted Lynn Harris to the role of head of customer proposition. Ms Harris moves up from her previous position as proposition development manager. She will continue to be based at Groupama’s City head office and will report to…
ABI guidance will improve online and telephone protection insurance applications
The Association of British Insurers (ABI) is taking further steps to help customers of life, critical illness and income protection insurance by putting forward proposals for consultation on new guidance to make applications over the telephone and…
FSA speech - In search of efficient, orderly and fair markets
In a recent speech to the Insurance Institute of London, John Tiner, chief executive, Financial Services Authourity (FSA), recognised the efforts of the market to raise standards, which in turn will help to ensure that London will remain the platform of…
BBC staff warned of potential asbestos exposure
Current and former BBC employees and freelance staff have been warned that they may have been exposed to asbestos when working in three studios at Television Centre between 1990 and 2005.
Wellington to grow marine team
Wellington Underwriting Agencies has today announced the expansion of the Marine reinsurance underwriting team of Syndicate 2020.
Moody’s rates Russian Munich Re subsidiary
Moody's Investors Service has announced that it had assigned a first-time insurance financial strength rating of A2 to Munich Re Life E.E.C.A. (MRL), headquartered in Moscow, Russia. The rating applies to both domestic and foreign currency obligations.
Senior resignations to hit profits at Benfield
Reinsurance broker Benfield has admitted recent senior departures from its facultative solutions team will have an impact on the 2006 full year results of the group.
Marsh turned down Willis bid - reports
Willis made an informal offer to buy rival broker Marsh, but was turned down, according to a newspaper report.
FSA urges firms to act now to help themselves
The Financial Services Authority (FSA) has urged firms to take advantage of the opportunity to save themselves time and effort when preparing for regulatory changes.
DAS secures BT contract
DAS Legal Expenses is to provide legal protection insurance to British Telecoms employees following its successful tender.
FSA speech - Rising to the Challenge
In a recent speech by Sarah Wilson, director, responsible for the Insurance sector, the speaker outlined the Financial Service Authority's (FSA) view on the challenges facing the general insurance sector and the FSA in getting to grips with the new…
FSA speech - In search of efficient, orderly and fair markets
In a recent speech to the Insurance Institute of London, John Tiner, chief executive, Financial Services Authority (FSA), recognised the efforts of the market to raise standards, which in turn will help to ensure that London will remain the platform of…
Axa to launch new TV ad campaign
Axa has announced today a new integrated brand campaign which builds upon its Axa Plan style of advertising.
Equity recruits new claims boss
Equity Insurance has appointed Phil Anderson as its new claims managing director. He will also take up a position in the group's executive committee.