News
UIB appoints North African region representative
United Insurance Brokers appointed Ali Belamri as a new representative for the North African Region.
DWF hails staged accident victory
Six men suspected of conspiring to cause accidents at roundabouts in Leeds have had their claims for compensation thrown out of court. They have also been ordered to pay the legal costs of their cases following a successful defence by law firm DWF on…
AIG opens Newcastle office
AIG UK opened its first new office for several years in Newcastle this month.
Boobier joins PB MapInfo
Former Royal and Sun Alliance property claims network manager Tony Boobier has joined Pitney Bowes MapInfo as EMEA Strategic Industry Manager.
Markel revamps D&O policy
Markel International has launch a new and improved directors’ and officers’(D&O) policy wording.
Ex head of compliance at UBS joins KPMG
KPMG Forensic has recruited Brian Dilley as a partner within its anti-money laundering and financial services practice. Mr Dilley joins from UBS Investment Bank where he spent three years, latterly as a managing director and global head of AML compliance.
Arista continues south-western push
Arista Insurance, the commercial lines underwriting operation has appointed Tracey Vivian as senior underwriter at its Bristol branch.
'87 storm repeat would cost £7bn
Risk management solutions says the impact of a 1987 strength windstorm on Britain today could cost between £4bn and £7bn across Europe.
RPC signs up reinsurance clients for online contracts service
City law firm Reynolds Porter Chamberlain has signed up reinsurers Glacier Re and Hiscox for its new “ReWord” internet service that allows reinsurers to cut the time they spend checking reinsurance contracts and identifies legal risks.
IT is continuing problem says report
Escalating IT costs are the biggest concern for insurance managers, according to a research report by Straight Marketing on behalf of esist Insurance Technology. The report claimed that because of cost over-run, failures to deliver on time and inability…
Markel announces revamped D&O wording
Markel International has relaunched its directors and officers' policy with a new wording. The re-launch follows recent legal changes that have further heightened the risk exposure for directors of UK companies.
Isle of Man launches captive review
The Isle of Man government has launched a strategic review to find ways of improving the competitive edge of its captive insurance industry.
Heath Lambert launches Quarry scheme
Heath Lambert Group has launched a business insurance facility for members of The Quarry Products Association.
Biba brands aggregator report's claims "irresponsible"
The Resolution Foundation has called for a voluntary code of practice for price comparison websites after it pointed out the risks of sites potentially misleading customers. However, The British Insurance Brokers Association claimed that Resolution was…
Aegis takes on Squires for marine liability account
Aegis London, the UK-based subsidiary of Aegis has appointed Tom Squires as marine and energy casualty underwriter. Mr Squires is expected to take up his post with Aegis London on 1 December this year.
Biba announces 2008 conference theme
The British Insurance Brokers’ Association has announced that Influencing Tomorrow will be the theme for its 30th annual conference and exhibition to be held at the SECC in Glasgow between Wednesday 30 April and Friday 2 May 2008.
GHL appoints development executives
GHL Insurance Services UK has expanded its business development and agency teams with two new internal appointments.
Broker Network value soars on approach
Broker Network share price has jumped almost 10% today following news it has had a bid approach.
Axiom appoints CEO
Run off consultancy Axiom has hired Tim Riddell as its chief executive officer with effect from 1st December 2007. He is currently managing director of Axiom’s Financial Reporting Services Team having joined from Argenta Syndicate Management Limited in…
Towergate refuses to comment on Broker Network speculation
A spokesman for Towergate told Post that the consolidator would not comment on the latest speculation regarding a possible acquisition of Broker Network.
NIG fears uninsured SME technology risk explosion
The UK’s broadband explosion is having a major impact on the behaviour of the country’s SMEs but large numbers are failing to manage the risks this new reliance on technology creates.
Hiscox cancels pioneering Panther sidecar
Lloyd's and Bermuda specialit (re)insurer Hiscox has revealed that Panther and its Lloyd's Syndicate 33 have agreed that the quota share deal between Panther Re and Syndicate 33 covering the 2007 year of account will not be renewed for 2008.
Broker Network confirms bid approach. Towergate and Axa in the frame
Broker Network's share price has risen 3.9% (18.50 pence) so far this morning after confirming it had had a bid approach. Among the companies linked with the company are Axa and Towergate.
Typhoon Krosa losses swell up to $600m says AIR
Typhoon Krosa has caused up to $600m in insured losses across Taiwan and China, according to catastrophe risk modelling company AIR Worldwide.