News
Scor makes senior appointments
Philippe Trainar and Frieder Knüpling join Scor's executive committee; Michel Dacorogna is appointed deputy chief risk officer and Norbert Pyhel heads up the Cologne Hub
Quinn disputes figures and claims of "pre-emptive" and "aggressive" regulator
The Quinn Group has come out fighting, disputing the Financial Regulator's assumption that the UK business is currently unprofitable and that its decision to stop it underwriting will be "immensely damaging" unless reversed.
Hurst-Bannister: Costs key to London’s competitiveness
London Market Group chairman Barnabas Hurst-Bannister has called on the London insurance market to reduce process costs to maintain its position at the centre of the industry.
Quinn disputes figures and claims of "pre-emptive" and "aggressive" regulator
The Quinn Group has come out fighting, disputing the Financial Regulator's assumption that the UK business is currently unprofitable and that its decision to stop it underwriting will be "immensely damaging" unless reversed.
Towergate outlook changed from 'stable' to 'negative', says Moody’s
Moody's Investors Service today also affirmed the B2 Corporate Family Rating of the broker.
Hurst-Bannister: Costs key to London’s competitiveness
London Market Group chairman Barnabas Hurst-Bannister has called on the London insurance market to reduce process costs to maintain its position at the centre of the industry.
Endurance names new CUO
Bermuda property and casualty (re)insurer names Joan deLemps as CUO after former CUO David Cash took over the CEO’s reigns from March.
Biba “delighted” at e-certificates announcement
The British Insurance Brokers’ Association said it is delighted that following years of negotiation with the Department for Transport, that the legislative changes which enable the electronic delivery of motor insurance certificates to customers are…
Giles to make first Lloyd's acquisition
Giles Insurance Brokers is in negotiations with Cooper Gay to acquire its FSJ business unit, Post has learnt.
Post in print 1 April: Quinn sends ripples through the market
Post reporter Leigh Jackson outlines some of the major stories from this week's issue of Post Magazine.
Market awaits Law Society verdict on Quinn
Lockton has warned that thousands of UK law firms could be impacted if the Law Society de-lists Quinn Insurance as an approved insurer after the company fell into the hands of administrators on Tuesday.
US puts further pressure on the UN for Iran sanctions
US President Barack Obama said on Tuesday he wanted tougher U.N. sanctions in weeks against Iran over its nuclear program. This follows proposed US sanctions including (re)insurance
Garwyn appoints commercial manager
Garwyn has appointed commercial claims management specialist Rob Hill as commercial manager responsible for the development and expansion of Garwyn’s client base.
New regulations challenge UAE firms to improve risk management
Firms in the United Arab Emirates could fall foul of new corporate governance rules and corporate discipline regulations unless they adopt a more systemic approach to managing risk, according to Marsh.
Aviva issues asbestos warning
Aviva is urging property owners to observe safety regulations after a company was prosecuted for exposing building workers to asbestos.
A$650m of Australian storm claims lodged
Claims have been rolling in from the storms that hit the Western Australian state capital or Perth on 22 March
Catastrophe claims will hit reinsurers’ Q1 results hardest: Willis Re
Willis Re’s April renewals report says $16bn catastrophe tab to make the first quarter of 2010 the worst ever for natural peril losses.
Marsh promotes Ricardo Brockmann to CEO of Latin America and Caribbean
The current CEO of Marsh Mexico is to replace Thomaz Menezes who has decided to leave the company to pursue other opportunities.
Invicta completes second acquisition
Invicta Insurance Services has acquired Kent-based Lowe Insurance in its second acquisition in two weeks.
Market ripe for mergers & acquisitions
There are clear opportunities in the current market for deals involving the buying and selling of UK insurance broking businesses, particularly in the medium-size sector, according to accountant and consultant Moore Stephens.
Central Bank deems Quinn Insurance sale a "reasonable prospect"
The head of financial regulation at the Irish Central Bank has said there is a “reasonable prospect that the administrator will look to put it [Quinn Insurance] up for sale” after the Financial Regulator instructed Quinn Insurance to stop writing new…
Incoming CILA president Homewood joins MYI board
Niche commercial loss adjuster MYI has continued its strategy of aggressive recruitment by announcing the expansion of its UK executive board with the appointment of Andrew Homewood as an executive director.
Former QBE CEO steps down as chairman
At a board meeting of QBE yesterday chairman John Cloney announced his retirement effective 4 July 2010.
Central Bank deems Quinn Insurance sale a "reasonable prospect"
The head of financial regulation at the Irish Central Bank has said there is a “reasonable prospect that the administrator will look to put it [Quinn Insurance] up for sale” after the Financial Regulator instructed Quinn Insurance to stop writing new…