News
IUA warns of "dearth" of regulators
A lack of qualified staff could undermine government plans to reform UK financial regulation, the International Underwriting Association has warned.
UK insurers warned about new 20% EU tax hit on outsourcing
The UK insurance industry has today been warned it is set for increased costs on outsourcing as other EU countries force through the removal of the VAT exemption on outsourced claims handling.
XL Insurance appoints liability underwriter for Ireland
XL Insurance, the global insurance operations of XL Group, has appointed Brendan Carberry as liability underwriter in Dublin.
Willis strengthens group mining practice
The broker has drawn together US, UK and international mining experts to serve global clients.
Ascot reduces underwriting capacity
Ascot Underwriting has confirmed that Lloyd’s has approved its 2011 capacity of £600m.
Lord Young report fuels compensation culture hysteria
Legal expenses insurer, Arag, said that Lord Young’s report on Health & Safety has missed the perfect opportunity to debunk the compensation culture myth once and for all.
IUA warns of "dearth" of regulators
A lack of qualified staff could undermine government plans to reform UK financial regulation, the International Underwriting Association has warned.
UK insurers warned about new 20% EU tax hit on outsourcing
The UK insurance industry has today been warned it is set for increased costs on outsourcing as other EU countries force through the removal of the VAT exemption on outsourced claims handling.
XL Insurance appoints liability underwriter for Ireland
XL Insurance, the global insurance operations of XL Group, has appointed Brendan Carberry as liability underwriter in Dublin.
Willis strengthens group mining practice
The broker has drawn together US, UK and international mining experts to serve global clients.
Hardy: "opportunistic" Beazley offer undervalues business
Hardy has hit responded to Beazley's offer by commenting that the proposal "substantially undervalues the company".
Markel swoops for Talbot bloodstock and livestock business
Markel International has expanded its bloodstock and livestock business with the acquisition of the renewal rights of the bloodstock and livestock book currently written by Talbot Underwriting.
Chedid Re forms Lloyd's partnership
Chedid Re and Price Forbes & Partners have entered an association agreement for the insurance and reinsurance placement of upstream and downstream hydrocarbon energy business.
Transactor revenue rises 22%
Transactor Global Solutions has reported a 22% growth in annual turnover for the year ended March 2010, to £4.5m compared to £3.7m in 2008/9.
Chedid Re forms Lloyd's partnership
Chedid Re and Price Forbes & Partners have entered an association agreement for the insurance and reinsurance placement of upstream and downstream hydrocarbon energy business.
Marsh: new technologies and environment a concern for risk managers
New technologies and environmental responsibility in the power sector were the issues of greatest concern to risk managers at a major power conference, held recently in Istanbul.
MMA appoints director commercial underwriting
Paul Hodgson, formerly MMA’s head of underwriting, commercial has been promoted to the newly-created role of director, commercial underwriting.
Biba demands a more proportionate and cost effective approach to insurance broker regulation
The British Insurance Brokers’ Association has formally responded to the HM Treasury consultation paper on a new approach to regulation.
CII welcomes Gibraltar affiliate
The Gibraltar Insurance Institute has been accepted as an affiliate institute of the Chartered Insurance Institute.
CII welcomes Gibraltar affiliate
The Gibraltar Insurance Institute has been accepted as an affiliate institute of the Chartered Insurance Institute.
Brit appoints new directors
Brit Insurance, has confirmed the appointment of four new board directors to its two main underwriting platforms: Brit Insurance Limited and Brit Syndicates Limited.
Kazakh insurance group recovering with 67% growth after restructure, notes Fitch
Fitch Ratings has assigned Kazakhstan-based non-life insurance group Amanat Insurance a 'B' Insurer Financial Strength (IFS) rating and a National IFS 'BB(kaz)' rating. The Outlooks are Stable.
Markerstudy confirms new retail head
Markerstudy has confirmed that Russell Bence, former head of sales, has been promoted to head its retail division.
Foil forms sector focus teams
The Forum of Insurance Lawyers has revised its special interest groups in a bid to strengthen its areas of sector focus and engage more effectively with members, insurers and self-insurers.