News
RBSI signals SME plans for bank network
Royal Bank of Scotland's commercial broking arm has signed a multi-million pound software deal allow...
UKGI launches indemnity
UKGI has teamed up with Ace Europe and McParland Finn to launch a professional indemnity insurance s...
S&P provides cheer for European insurers
Standard and Poor's expects 2007 to be another good year for European insurers. However, the ratings...
Allianz adds to call centre
Allianz Cornhill Schemes has appointed Mark Saunders as the new manager of its call centre based at ...
Appointment at Zenith Services
Zenith Services has made Andrew Bennett general manager of development, marketing and agency. Mr Ben...
Beazley trading on a high
Lloyd's insurer Beazley's promise of higher profits for the 2006 calendar year saw high volumes of t...
Small players to benefit
The hardening motor market will create new opportunities for smaller players in the sector, accordin...
Lloyd's appoints Gittings
The Lloyd's Market Association has appointed David Gittings as chief executive. Mr Gittings, formerl...
RMS claims first earthquake model for India
Modelling firm, Risk Management Solutions (RMS), has announced the launch of an earthquake modelling package for India.
Bob Screen joins Giles as COO
Former founding managing director of broker Vega has been made chief operating officer of Giles insurance.
International broking giant swoops for Lloyd's broker
Hilb Rogal & Hobbs Company, which claims to be the world’s tenth largest insurance broker, announced today the signing of a definitive agreement to acquire the stock of Glencairn Group, the independent Lloyd’s broker.
Home shopping firm fined £270 000 for TPF breach
The Financial Services Authority has today fined Redcats (Brands) Limited £270,000 for failing to treat its customers fairly when selling payment protection insurance in connection with home shopping products. The regulator found that Redcats did not…
FSA censures vehicle financier over PPI failures
The Financial Services Authority has imposed a public censure on Eastern Western Motor Group Limited for failures relating to its sale of payment protection insurance in connection with vehicle finance agreements.
Government claims victory in meeting road casualty targets
The Government has today announced that it has met its target to reduce road casualties in disadvantaged areas.
Report: 2006 third lowest for insured losses in twenty years
According to preliminary estimates, natural and man-made catastrophes triggered total economic losses of around USD 40 billion, and cost property insurers worldwide USD 15 billion in 2006.
FSA issues Dear CEO letter on contract certainty
The Financial Services Authority (FSA) has issued a Dear CEO letter setting out its view of the progress made by the general insurance industry towards finding a solution to the issue of contract certainty.
FSA publishes its regulation Simplification Plan
The Financial Services Authority (FSA) has published its Simplification Plan that outlines how it has improved – and how it will continue to improve – the regulation of the financial services industry.
Harbor Point launches $250m retro vehicle
Class of 2005 Bermudian reinsurer Harbor Point has announced the formation of New Point Re, a retro sidecar company capitalised at $250m.
Primary outlines "corrective action" after downgrade
Primary Insurance Company, the Dublin based insurer for the Primary Group, has outlined the remedial action it plans to take after been rated B following a review by ratings agency AM Best.
Catlin gets Wellington greenlight
Catlin has announced announce that its offer for Wellington is being declared unconditional as to acceptances and that all required regulatory approvals have been received.
Zurich decides on Endsleigh future
Zurich today announced today the signing of an agreement for the purchase of all remaining shares in the broker Endsleigh.
Primary Insurance Company receives downgrade
A.M. Best has downgraded the financial strength rating to B (Fair) from B++ (Very Good) and the issuer credit rating (ICR) to “bb+” from “bbb”of Primary Insurance Company Limited (Ireland). The under review status of the ratings applied in June 2006 has…
Mapfre Italian acquisition sees rating unchanged
Standard & Poor's Ratings Services said today that its ratings and outlook on entities of the Spanish Sistema Mapfre insurance group are unaffected by its acquisition of 50% of the agency-based motor operations of Società Cattolica di Assicurazione …
Former Alea chief Cane to take the reins at Whittington
Whittington Group, the insurance investor and services provider, has announced that Stephen Cane has been appointed chief executive Europe to lead the group’s strategic growth in the UK and Continental Europe.