News
Quinn given hope over UK insurance return
The Financial Regulator has offered Quinn Group some hope that it may be allowed to reopen for insurance business in the UK, albeit in a limited capacity.
Offshore insurers deny cutting rates to win ex-Quinn business
Two unrated offshore insurers said to be among the key beneficiaries of Quinn¹s problems in the UK have hit back at suggestions they are underpricing risks to win commercial business previously underwritten by the Irish firm.
Allianz hires new household operations manager
Allianz has appointed Gary Coton as household operations manager responsible for handling all UK household claims.
Finsure MD steps down ahead of run-off
Royal Bank of Scotland’s Finsure Premium Finance has parted company with managing director Trevor Brittain ahead of its closure next year.
XL Capital next Bermuda acquisition target - analysts
Analysts predict that XL Capital will be the next reinsurance acquisition target emerging from the island.
RFIB adds two in "talent" push
Lloyd’s insurance and reinsurance broker RFIB has announced the appointments of Charles Vermont as a broker in its specialty division and Jeannette Smith as associate division director to its North American division.
Capita confirms Sureterm acquisition
Capita Group has bought specialised motor insurance broker, Sureterm Direct.
Libs to give mutuals dedicated minister and create local stock exchanges
In order to sustain jobs and promote growth, the Liberal Democrats today said it planned to set up an Infrastructure Bank to direct private finance to essential projects such as new rail services and green energy, building the environmentally sustainable…
Matthews named new FSSC chairman
Trevor Matthews has been appointed as chairman of the Financial Services Skills Council.Mr Matthews is chief executive of Friends Provident and immediate past president of the Chartered Insurance Institute.
20 years ago: Cross-border motor fund extension
The European Parliament has proposed that national motor insurance guarantee funds should be extended to cover situations in which the person responsible for an accident is known to disclose their insurer.
30 years ago: Computer lawsuit is delayed
Lawsuits between Lloyd's underwriters and South Western Bell Telephone Company in the US over computer leasing risks are unlikely to be tried until later this year.
50 years ago: Priest's son declined full motor cover
A clergyman of the Church of England has expressed distress that, having bought his 21-year-old son a sports car, it now appears that insurers are disinclined to grant cover in respect of passengers.
Lloyd's hosts Tower Hamlets public speaking competition
Lloyd's hosted the final of the annual Tower Hamlets public speaking competition where Year 10 students gathered to give their views on the topic 'Social networking sites: harmful or empowering?'.
BGL supports local charity
BGL Group has donated £6000 to homeless shelter Theresa's Day Centre in Peterborough, as part of its commitment to supporting the local community.
CII rolls out free new employee starter pack
The Chartered Insurance Institute has introduced free induction packs for companies looking to recruit staff who are new to the insurance sector.
CILA fends off conflict of interest criticism
The Chartered Institute of Loss Adjuster has defended its decision to strengthen its member guidance on conflicts of interest against accusations it may be acting outside its remit as a professional standards body.