News
Colemont recruits finance director
Colemont Insurance Brokers today announced that Chris Sturgess has joined the company as finance director.
Indie trial judge sets out timetable
The trial of three former directors of Independent Insurance started today at Southwark Crown Court, London. Judge Rivlin QC confirmed that the trial was scheduled to run until the third week of September with a holiday break between 25 July and 13…
Insurer rules out RSA bid
The chief executive of Finnish insurer Sampo has ruled outr a bid for Royal and Sun Alliance claiming it has no interest in returning to the UK insurance market.
Consolidator reports 118% jump in turnover
Listed broker Jelf this morning reported its turnover was up 128% to £17.1m for the six months ended 31 March.
Chubb launches insurance solution for financial institutions
Chubb Insurance has launched MasterPackage Infinity, a ‘one-stop-shop’ package to cover all the needs of Financial Institutions.
Capita CMGL wins two contracts
Capita has been appointed to provide claims validation services for Bridge Re, the Bermudian vehicle created to underwrite property catastrophe retrocessional reinsurance business.
Euro insurance conference reveals fraud concerns
Gerard de la Martiniere, President of the Comite Europeen des Assurances and Karel Van Hulle, Head of Unit, Insurance & Pensions Financial Institutions, European Commission, were welcomed to the FUEDI General Assembly in Gent, Belgium on Friday 25th May.
Former Argenta MD joins Axiom
Axiom, the outsourcing and consulting (re)insurance specialists advising on and managing insurance business processes and exposures, has appointed Tim Riddell as managing director of its London Insurance Market Financial Reporting division.
Aon and Heath Lambert reach settlement
Aon and Heath Lambert today announced they have reached a settlement of all of the litigation relating to former Aon Newcastle employees. The employees defected to Heath Lambert in the first quarter of last year. Details of the settlement remain…
Broker Hendersons re-signs Yorkshire cricket sponsorship
Henderson Insurance Brokers has confirmed its continuing support of Yorkshire County Cricket Club. Following its successful association with the Headingley-based team in 2006, it has agreed to become an Official Partner for the forthcoming season.
LitComp first year profits touch £1m
Legal expenses insurer LitComp has announced its unaudited year end results with an anticipated net profit of £800 000.
EMB opens Japanese operation
EMB, the international non-life actuarial consultants, has opened a subsidiary in Tokyo. EMB Japan will offer a full range of actuarial services to the country’s general insurers and reinsurers.
Fortis appoints partnerships director
Fortis has appointed Ian Wardle as partnerships director in charge of its affinity partnership development strategy.
Evolution and Axa in tie-up for property owners insurance
Commercial underwriting specialist Evolution Underwriting has signed a binding authority arrangement with Axa Insurance for the provision of Property Owners Insurance to its panel of brokers. The two new contracts were launched on 1 April covering both…
$195m Greenlight IPO lapped up by investors
Greenlight Re, the Cayman-based specialty property and casualty reinsurer formed in November 2005, has successfully floated on the Nasdaq with strong investor demand lifting the shares well above the placing price.
Tradex launches High Net Worth Homefleet product to brokers at Biba
Motor trade insurance specialist Tradex Insurance Company (Tradex), has launched HOMEFLEETä, a new high net worth motor product, to the UK broker market, at the British Insurance Brokers’ Association (Biba) conference.
Ace targets private firms with enhanced D&O cover
In a move targeted at small and medium size private companies, ACE European Group has extended its Directors and Officers (D&O) coverage to provide protection for the company itself, in addition to executives and business owners.
Yorkshire company launches new insurance scheme
A Yorkshire Insurance-broker is expanding its operations, with the launch of a new insurance policy for care homes nationwide.
Atkinson Smith acquire new scheme
Broker Atkinson Smith has expanded its operations nationally with the acquisition DMS Self-build, a specialist scheme for insuring self-build projects.
Biba attracts 2800 to conference and names 2008 venue
The British Insurance Brokers’ Association conference was the most successful one ever, according to a Biba spokeswoman.
Insurers win fight to limit Ombudsman redress payments to £100k
The High Court has today confirmed that the Financial Ombudsman Service does not have the power to make a binding award requiring a redress payment in excess of £100,000.
Liability specialist Sigma promotes North East manager
Sigma Claims Solutions, a specialist liability adjusting company, has recently promoted Greig Birrell to the newly created position of regional manager (North East).
THB and Arag aim for £1m premium after tie up
Broker THB Risk Solutions and legal expenses insurer Arag have announced a strategic alliance that will see Arag’s products distributed to THB’s network of 1,200 retail broker partners.
Catlin sees continued downward pressure on rates in 2007
Bermuda-based Lloyd’s and international specialty (re)insurer Catlin has issued a trading statement highlighting increased competition for business across classes, but stating overall satisfaction with rating adequacy and the potential margins on offer.