News
RSA entices former Allianz overseas property team
Royal and Sun Alliance has appointed a new team of overseas property investor specialists. The team of four brings extensive experience of the property investor market, and will have a particular focus on handling the multi-national needs of clients.
Scottish Re $600m rescue prompts positive agency response
Troubled Life reinsurer Scottish Re has announced a $600m equity infusion to stave off its liquidity crisis prompting an immediately positive reaction from ratings agency Standard & Poors (S&P) and more guarded encouragement from Fitch.
St Paul appoints active underwriter for Syndicate 5000
St. Paul Travelers has announced that Steve Eccles has taken over as the Active Underwriter for Syndicate 5000.
New bosses hired at First Assist
FirstAssist Insurance Services, created following the separation of the FirstAssist Group into specialist companies, has appointed its managing director and head of sales for its speciality insurance business.
Aquilo enters exclusive takeover talks
Aquilo plc has announced that it has entered into exclusive negotiations with a major UK plc in relation to the disposal of the business of Aquilo Motor Services Ltd, a subsidiary of the company.
Financial Institution rates falling says Willis
Insurance premiums for the UK’s financial institutions are continuing to fall, according to the Willis Index tracking this coverage area for the third quarter of 2006.
Sidley Austin expands London insurance operation
Sidley Austin has announced as part of the expansion of its London Insurance Practice, Dorothy Cory-Wright will join the London office to establish and head an insurance contentious litigation practice.
Sterling completes office move
Sterling Insurance Group has moved its entire Folkestone operation to larger premises in West Malling, Kent.
Boardroom shake-up at Aascent Finance
Aascent Finance has announced a new senior management structure with immediate effect.
Allianz Cornhill staff charity raises £60 000
The annual Allianz Cornhill fundraising campaign has raised £60,000 for the Association of Children’s Hospices.
Brit further expands cricket associations
Brit Insurance Holdings has today strengthened its links with English cricket by becoming the Official Insurance Partner of English Test Match Grounds in a four-year sponsorship deal.
Zenith boosted by Budget hire
Insurer Zenith Services UK has appointed Andrew Bennett as general manager - development, marketing & agency.
RSA seals Eastern European joint venture
Royal & Sun Alliance has signed a framework agreement with Direct Insurance Financial Investments (DIFI), to form a joint venture to access markets in Eastern Europe and Russia. The JV will own Link4, the market leading direct insurance operation in…
Southern expansion for Brokerbility
The Brokerbility Group is expanding its operations in the south following the addition of Surrey based Clear Insurance Management, which will form the cornerstone for the development of a new region in the South East.
Jelf moves to integrate its business in Reading
Following its recent acquisition of Goss Group Ltd, Jelf Group plc is consolidating its operation in Reading, bringing the Group’s extensive portfolio of services and expertise under one roof.
MMA boosts regional business with hires
MMA Insurance has announced an expansion to its nationwide commercial business development team with the appointment of four new key positions.
Zurich sets up business unit in Central and Eastern Europe
Zurich has established a new business unit, Central and Eastern Europe, to better capitalize on the growth opportunities in these markets.
FSA sets out costs and benefits of MIFID
The Financial Services Authority (FSA) today published a paper setting out its assessment of the overall costs and benefits for the financial services industry of implementing the Markets in Financial Instruments Directive (MiFID) in the UK.
Insurance boss contests £48m payout
Former Ace and Axis boss John Charman, ordered to pay his former wife £48m in what has been descibed as the biggest divorce award in British legal history, has been given permission to take his case to the Court of Appeal.
Landmark judgement sees care costs linked to earnings index
Judgement has been handed down in the case of Thompstone v Tameside & Glossop Acute Services NHS Trust, where Swift J ordered an earnings-linked periodical payment. This is the first time the indexation argument has been run and so is a landmark decision…
Apil president warns insurers over third party capture
Injured people should not be pursued and pressured by third party insurers who offer them upfront cash to “deal direct,” the president of the Association of Personal Injury Lawyers warned today.
Treasury requests evidence in travel insurance review
Today, the Economic Secretary to the Treasury, Ed Balls, launched the Travel Insurance Review public call for evidence and highlighted the need for travel insurers to be clear and transparent about consumers’ cover in the event of a terrorist incident.
Highway appoints motor products manager
Highway has appointed Scott Greenhill in the newly-created role of motor products manager.
General insurers use Watson Wyatt's investing nous
Watson Wyatt’s growing investment consulting business has been strengthened through the addition of six new business mandates to provide various investment consulting services to the non-life insurance sector and include Beazley, Brit Insurance,…