News
BLM converts to LDP model as Kinley made equity partner
Berrymans Lace Mawer's head of policy development, Alistair Kinley, has become the first non-lawyer to join the firm's equity partnership as it converts to a legal disciplinary practice. The LDP is the first new type of practice permitted by the Legal…
Brokers warned networks no panacea
Moves by brokers to mitigate the effect of economic uncertainty by joining networks is likely to increase over the next few years.
Towergate staff join Gallagher
Gallagher International is set to beef up its underwriting operation after attracting a team from Towergate.
FCIM appoints Auto Windscreens as sole supplier
Online motor intermediary First Central Insurance Management has appointed Auto Windscreens as its sole supplier, three months after the glazing repair firm was bought out of administration.
Leader: Imitating excellence
'If it looks too good to be true, it probably is' — arguably the most commonly quoted old adage ascribed to Independent Insurance since its collapse in June 2001 and subsequent imprisonment of three senior directors. But, when those once closest to the…
Ten years on, liquidator admits there was an Indy rescue plan
The joint provisional liquidator of Independent Insurance Dan Schwarzmann has said Pricewaterhouse Coopers is hopeful that a scheme of arrangement can be agreed by the end of the year, a decade after he was first appointed to the beleaguered insurance…
MA Assist seals Plus One repair contract
Insurance repair specialist MA Assist has signed an exclusive deal to provide building repair and validation services for Plus One Services.
First 70 brokers join Zurich Elite 100 club
Zurich has established a club for its top 70 regional commercial brokers.
Lamp lines up ABS targets as Thai operation opens
Gibraltar-based legal expenses and private medical insurer Lamp is targeting $500m (£305m) premium in the first two years of its new Thailand operation.
Ten years on, liquidator reflects on Indy failure - Insurance News Now - 16 June 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories including how ten years on from Independent Insurance going into liquidation, PwC's Dan Schwarzmann is hopeful a scheme of arrangement being agreed by the end of the year.
ABS deadline could be delayed
The 6 October deadline for licensing alternative business structures could be delayed by up to a month, Post has learnt.
Markerstudy acquires repair firm
Markerstudy Group has completed the acquisition of Tonbridge Coachworks Vehicle Repair Group
Belfor rebrands residential business
Global restoration company Belfor plans to rebrand its residential business in the UK as 3R Restoration.
Ex-Guy Carp MD joins BMS board
Former Guy Carpenter managing director Philip Campbell has joined BMS as executive vice president of its US-based operations and a member of its US strategy board.
Lamp lines up ABS targets as Thai operation opens
Gibraltar-based legal expenses and private medical insurer Lamp is targeting $500m (£305m) premium in the first two years of its new Thailand operation.
Belfor rebrands residential business
Global restoration company Belfor plans to rebrand its residential business in the UK as 3R Restoration.
Zurich disposes of UK subsidiary
Zurich has announced that one of its non-core subsidiaries in the UK, Zurich Specialties London, will transfer its run off insurance business to Swiss Re at book value.
New Aviva chair McFarlane claims it has "promising future"
Aviva has confirmed that John McFarlane will become a non-executive director on 1 September 2011.
Zurich disposes of UK subsidiary
Zurich has announced that one of its non-core subsidiaries in the UK, Zurich Specialties London, will transfer its run off insurance business to Swiss Re at book value.
ABI biennial conference: ABI launches 10-point plan
Otto Thoresen, director general of the ABI, has unveiled a 10-point plan aimed at boosting "good customer experience and profitable growth".
FSA refuses to commit to April 2012 FSCS review deadline
Speaking at a meeting held by the All Party Parliamentary Group on Insurance and Financial Services about the future and funding of the FSCS scheme on 14 June, Sheila Nicoll, director of conduct policy at the FSA told MP’s that changes in Europe and UK…
QBE lands further rugby tie-up
QBE has signed an agreement with the Rugby Football Union to become the title sponsor of the Autumn Internationals.
RSA acquires Canadian firm ETFS
RSA Insurance Group has confirmed the acquisition of the insurance assets of Expert Travel Financial Services Incorporated a distributor of travel insurance in Canada.
Italian insurance market exceeds 8% of GDP
The Italian insurance regulator ISVAP has released it annual results for 2010 revealing the market exceeded 8% of gross domestic product for the first time.