News
Appointment at Allianz Cornhill
Allianz Cornhill's commercial division has appointed David Cooper as regional manager of its London ...
Arc Legal Assistance launches policies
Arc Legal Assistance has launched before-the-event legal expenses policies to assist claimants whose...
What the papers said this week
The Times The cost of insurance at Lloyd's of London, which was up 12% in the first half, will rema...
MD role for RSA's Hopes
Royal and Sun Alliance has established a dedicated affinity arm as part of its latest reorganisation...
QBE Insurance to review solicitors it uses
QBE Insurance is conducting a full review of the solicitors it uses in the UK for claims, and will i...
IRM delegates wary of Enron repeat
In a live vote today at the Institute of Risk Management’s annual Risk Forum the 94% of the 350 attendees said that they believe that the legislative changes enacted since the demise of Enron have not been sufficient to stop a similar scandal occurring…
Liberal Democrats stress climate change commitment
Liberal Democrat Shadow Defra minister Chris Huhne yesterday underlined the Party's commitment to tackling climate change, both through mitigation and adaptation.
Max Re Capital Q3 earnings expected to be hit by hedge fund losses
Max Re Capital has announced that third quarter 2006 earnings are expected to be impacted by an estimated $35m reduction in net gains stemming from trading losses in certain hedge fund investments.
Homeserve to deploy claims management system
Property repair specialist Homeserve has selected Guidewire ClaimCenter software for its new claims management operation.
FSA issues alert on illegal motor broker
The Financial Services Authority has issued a consumer alert regarding a North London broker, which claimed to be selling Zurich motor policies without authorisation. The regulator is urging consumers that have bought motor insurance from a company…
Alea announces half year results
Alea has unveiled its first half 2006 results, announcing that it made a loss after tax of $10.7m, down on the profit of $19.5m it made over the same period of 2005.
Premium income down in first half at Hardy
Lloyd's insurer Hardy Underwriting announced its interim results for the half year ended 30 June 2006 today, reporting gross written premium of £58.4m (2005: £65.6m).
Max Re opens aviation unit
Max Re Capital has announced that its subsidiary, Max Re, has increased its product offerings by the formation of a dedicated aviation insurance unit that will operate from the company’s Dublin offices.
AIG elects Willumstad chairman
American International Group (AIG) has announced that its Board of Directors has elected Robert B. Willumstad as chairman, effective November 1, 2006. He succeeds Frank G. Zarb, who has served as Interim Chairman since April, 2005. Mr Zarb remains an AIG…
FSA deliver speech on 'Are we heading towards over regulation?'
John Tiner, chief executive of the Financial Services Authourity (FSA) delivered a speech to the Rendez Vous de Septembre, Monte Carlo conference on 12 September 2006. Mr Tiner’s speech covered the debate on “are we heading towards over regulation?”.
Munich re wins Malaysian ReTakaful licence
Munich Re has become the first foreign reinsurer to be granted a composite license to conduct ReTakaful business from Malaysia
JLT to partner Olympic Delivery Authority on construction
Jardine Lloyd Thompson will act as insurance construction partner to the Olympic Delivery Authority.
Broker Network profit doubles
The Broker Network's profits have doubled for the year up to 30 April 2006.
Cooper Gay appoints Witthun as chairman
Cooper Gay has announced that Frank Witthun has been appointed as a director and non-executive chairman of Cooper Gay Holdings in succession to Michael Jones who has decided to step down after 14 years as chairman.
Alex Forbes hires from Marsh to launch new practice
Alexander Forbes International Risk Services has launched a private equity and corporate acquisitions practice to provide insurance and risk transfer services to businesses undertaking corporate and M&A activity.
Cardif Pinnacle To Hold Regulatory Seminar
Last March, Cardif Pinnacle held a Regulatory Seminar for clients, entitled "The PPI Challenge", which covered key regulatory issues affecting the payment protection industry. The event was such a success that a follow up seminar has been organised for…
London market launches electronic claims processing
The London insurance market has taken a significant step toward reforming its claims processes by making a electronic claims file repository available to all Lloyd's managing agents and brokers.
Principles-based regulation in action: FSA publishes principles for insurer capital adequacy
The Financial Services Authority (FSA) has today published a set of principles that will help firms determine their capital adequacy under the new principles-based approach to regulation.
FSA publishes disclosure web tool to help general insurance firms
The Financial Services Authority (FSA) has launched a 'Build your own disclosure documents' tool to help general insurance firms comply with its disclosure rules. The free online tool will help provide companies with a template based on their…