News
Prime Minister Brown welcomes Indie verdict
The fallout from the Independent trial reached the House of Commons this afternoon with Labour MP Barry Gardiner raising the issue during Prime Minister's Question Time.
California inferno destroys thousands of properties
Wildfires that have destroyed thousands of properties and claimed at least three lives are continuing to ravage southern California.
Post pick of the week with special Indie Trial report
Post editor Jonathan Swift rounds up this week’s major news in the general insurance industry including an outside broadcast from Southwark Crown Court as the three Independent Insurance directors are sentenced and taken down. Other stories include:…
Zurich personal lines boss joins RBSI
RBS Insurance has unveiled its new Director of home underwriting, Martin Hall.
Go Compare welcomes clampdown on "fronting"
Aggregator Go Compare has welcomed the financial ombudsman’s efforts to raise awareness of the practice known as "fronting".
Indie Trial sketch: Dennis Lomas
Dennis Lomas was, according to the judge “well in the know,” contrary to what his defence tried to prove for the past five months. And consequently he will have to serve half of a four-year sentence in prison. Olivier C Laurent reports .
Indie Trial sketch: Philip Condon
Philip Condon, found guilty of only one charge of conspiracy to defraud, received the shortest sentence today when the judge sent him to prison for three years, writes Olivier C Laurent .
Indie Trial sketch: Michael Bright
A stony-faced Michael Bright learnt today that he would spend the next three and a half years of his life behind bars. The former Independent Insurance chairman and managing director was sentenced to seven years for fraudulent trading, the judge telling…
Firstassist appoints operations manager
FirstAssist Services appointed Yvonne McCallum as operations manager, rehabilitation and sickness absence management.
MIB police helpline gains national roll out
The Motor Insurers Bureau police helpline has been rolled out nationally 4 months ahead of schedule.
Indie bosses get 14 years
Former Independent Insurance chairman and managing director Michael Bright was sentenced to seven years for fraudulent trading at Southwark Crown Court this morning.
Chaucer hails Marsh appointment coup
Chaucer Syndicates has appointed Andrew Voke as head of marine, with responsibility for the continued development of the marine division of Chaucer Syndicate 1084.
Global insurance giant begins new CEO hunt
XL Capital has announced that Brian M. O’Hara, president and CEO of XL, has informed the board of directors of his decision to retire as President and CEO in mid-2008.
Indie: a potted history
The Serious Fraud Office has published its version of the collapse of Independent Insurance following today's guilty verdicts against the three former directors. It follows below:
Indie trial: SFO statement
In an official statement issued this afternoon, the Serious Fraud Office outlined the verdict in the trial of the three former directors of Independent Insurance.
Indie trial on film
>In the wake of today's verdict at Southwark Crown Court in the trial of the three former directors of Independent Insurance here is a small film. Watch it now
Integro boosts London operation with Willis swoop
Integro has appointed Guy Bessis as managing principal with the firm’s newly established international insurance and reinsurance unit in London. he has been charged with developing business from Continental Europe and South Africa and developing Integro…
Townsley to head the Association of Friendly Societies
Andrew Townsley, chief executive of Sheffield Mutual Friendly Society has been elected president of the Association of Friendly Societies. He was previously vice president.
IRM in Malay tie-up
The Malaysian Insurance Institute and the London-based Institute of Risk Management have agreed to promote IRM's risk management professional programmes in Malaysia.
Broker Network snubs approach, but remains open to improved offer
Broker Network has snubbed a recent approach to buy the company, strongly believed to have been made by Axa and Towergate.
Markel reveals Nordic expansion plans
Markel International has announced its plans to open for business in Sweden in its first move into the Nordic markets.
Willis proposes sex discrimination settlement with $8.5m fund
Willis has announced that the federal court in New York has given preliminary approval to the settlement of a class action suit filed against the company in 2001 that raised issues of gender discrimination in compensation and promotion during the period…
ABI accuses Whitehall of nationalising travel insurance scheme
The Association of British Insurers has criticised the Department for Transport's decision to scrap Air Travel Organisers’ Licensing bonds in favour of a flat £1 levy on holidays, the ATOL Protection Contribution.
The Indie Trial Verdict
Michael Bright, Denis Lomas and Phillip Condon are sentenced at Southwark Crown Court.