News
Citizens $440m cover attracts big hedge fund support
Citizens, the Florida state-owned insurer of last resort, is close to seeing a 1st June $440m reinsurance placement completed by reinsurance brokers Benfield, Reinsurance understands.
FSA seeks to improve transparency
The Financial Services Authority has published a discussion paper, which explores the creation of a framework for determining what further information the regulator might publish about firms and industry sectors.
RPC CEO steps back in shake up
Reynolds Porter Chamberlain has appointed corporate partner Jonathan Watmough as full time managing partner. Chief executive Adrian Martin steps back to advise the firm as a consultant. Richard Emanuel joins the firm as chief operating officer.
Liverpudlian broker gains chartered status
Liverpool-based broker Powell Insurance has been awarded chartered status by the Chartered Insurance Institute.
Willis takes Aon exec for US aerospace leadership team
Willis has announced the appointment of Neil Getter to the Willis Aerospace leadership team as executive vice president, Willis of New York, effective immediately.
Aon receives licence from Saudi Arabian Monetary Authority
Aon claims to be one of the first international brokers to be awarded a licence by the Saudi Arabian Monetary Authority, in accordance with the provisions of the kingdom’s Insurance Law 2004.
FSA requests further information on transparency
The Financial Services Authority (FSA) has published a discussion paper exploring the creation of a framework for determining what further information the regulator might publish about firms and industry sectors.
AIG dumped by broker
Insure and Go is to switch its underwriter from AIG to Europ Assistance just weeks after Post revealed that it was uncomfortable with the insurer adding Cuba as a destination to its list of excluded risks.
Gallagher appoints new London boss
Matthew Pike has been promoted to the position of managing director of Gallagher London.
Fresh deal for Open GI
Fresh Insurance has confirmed it is now live with Open GI having completed a full scale transfer of its trading system from previous supplier, CDL.
Markel's retail division introduces advanced online trading
Markel (UK), the retail division of Markel International, has introduced a new and advanced version of its’ online trading platform for brokers.
Biba accepts an aggregator into its membership
The British Insurance Brokers' Assocaition has called for all comparison sites to follow the Gocompare.com model as the comparison site is welcomed into Biba's membership.
Swiss Re wins Brazil licences
Swiss Re America and Swiss Re have obtianed official admitted reinsurer licences from Susep, the Brazilian insurance regulator.
Benfield invests $50m in captial markets vehicle
Benfield Group has made a cash investment of $50m into Juniperus Insurance Opportunity Fund which will be managed by Juniperus Capital.
Hawker resigns as IAG chief executive
Michael Hawker has resigned as chief executive of Insurance Australia Group.
Deloitte appoints former NU internal audit expert
Deloitte has appointed Kevin Patience as a director in its financial services practice.
DFI launches free claims service
Online insurance platform Direct Fleet Insurance has launched a free claim and accident handling service.
Lord Lipsey joins the FSA
The Financial Services Authority (FSA) has appointed Lord Lipsey to take over as chairman of the Financial Services Consumer Panel.
Heath Lambert makes commercial affinity appointment
Heath Lambert’s new commercial affinity and select business division has appointed Richard Woodall as business development executive.
Fortis boosts underwriting team
Fortis has appointed Ron Munro as underwriting development manager.
Omega reports trading success
Lloyd’s (re)insurer Omega says trading in 2008 is strong and in line with directors’ expectations.
Act promts AIG UK to extend D&O
AIG UK has launched a corporate manslaughter entity cover for its private company directors’ and officers’ clients.
IFS School of Finance agrees underwriting partnership with Abbey
The IFS School of Finance and Abbey have agreed a partnership for the training and accreditation of all Abbey's underwriting staff.
Most SMEs failing to protect business, according to research
Some 60% of small and medium sized enterprises in the UK do not have the right form of business protection in place for their ‘key’ staff if they fall sick or die, according to research.