News
Cornhill reenters cricket sponsorship
Twenty-seven years after Cornhill Insurance became cricket’s first major financial sponsor, Allianz Cornhill has announced that it will become the first commercial sponsor of an initiative designed to regenerate competitive cricket in state schools.
Esure looks to enter new markets in online push
Esure has launched a new multi-million pound advertising campaign to help increase its share of the UK’s internet business. Esure - which has over one million policyholders - currently transacts 70% of its business online.
Lutine Lineslip Regatta: last call
The popular Lloyd's Yacht Club Lutine Lineslip Regatta, supported by Post Magazine, which sets sail next month, is almost fully booked, but any aspiring sailors can still come on board - if they act quickly.
Lloyd's broker announces cheaper premiums in Irish push
Howden Architects' Insurance Services, a division of Lloyd’s broker Howden UK, has formally launched in Ireland, promising to bring cheaper premiums to Ireland's 450 architects.
Berries steps up as NU rejigs
Norwich Union has announced the second tier of its senior management structure after it finalised the top level two weeks ago.
QBE expands trade credit book
Following the appointment of Jeremy Hughes as Portfolio Manager of its Trade Credit team in London, effective 4 April 2005, QBE Insurance has expanded its products to include credit and surety solutions, incorporating whole turnover.
Kinnect awarded double gong
Kinnect, the electronic platform which securely exchanges risk data and wordings between brokers and underwriters, has won two awards from international standards body ACORD.
MIB predicts new laws could lead to 50 000 more prosecutions
A new crackdown on uninsured drivers could result in an additional 50 000 successful prosecutions during the next 12 months, the Motor Insurers' Bureau predicted today.
AA waives away motor price war fears
Claims that car insurance premiums have been substantially rising over the past year have been dismissed by the AA.
Hiscox opens broker roadshows
Hiscox brokers across the UK will this week take part in a series of road shows staged by the specialist insurer.
New business push by Sectornet
Insurance broking systems provider Sectornet has promoted Ian Gibbard to the role of Business Development Manager.
Moscow Re announces 2004 profit
Moscow Reinsurance has announced that it achieved record financial results for the year ended 31 December 2004.
IUA admits Arch Europe and appoints Markel COO to board
Arch Insurance Company has become the first new member of the International Underwriting Association (IUA) since the market body announced its new business agenda.
Far Eastern appointment for Heath
Heath Lambert has appointed Michael Haynes as managing director of its operations in Hong Kong.
Woman fraudster sentenced to four months in jail
43-year-old Sandra Stevenson of Cawthorne Close, Kirkby, who made a false claim against Knowsley Metropolitan Borough Council, was found guilty of attempted deception by a magistrate’s court and sentenced to four months imprisonment this week.
Kramer steps down at Ace
Don Kramer, executive, office of the president & chief executive officer has retired from Ace.
Schoen resigns from Axis
Axis Capital Holdings has confirmed that Scott Schoen has stepped down from its Board of Directors. Mr Schoen's resignation follows the sale last week of all remaining Axis Capital common shares owned by Thomas H Lee Partners and related entities.
Heath Lambert wins St Martins account from Willis
Heath Lambert Property Portfolio has been appointed broker for the UK operations of St Martins Property Corporation after tendering for the account against existing broker Willis.
LMA appoints new chairman of Market Processes Committee
Ewen Gilmour, chief executive of Chaucer Holdings, has been appointed chairman of the Market Processes Committee of the Lloyd’s Market Association.
Risk management body issues paper about brokers
The International Federation of Risk and Insurance Management Associations has published a position paper regarding the role of the broker from the perspective of risk managers.
KWELM payouts increase again
Creditors of the insolvent London-based KWELM insurance companies will receive an average additional 11 per cent payout across the five companies, according to the eleventh annual report for 2004 issued today. The average payment will be 64 per cent.
Outsourcers get VAT reprieve from Customs
HM Customs & Revenue has confirmed it will consult various insurance industry sectors on the contraversial issue of VAT charges for outsourced services.
RK Harrison is tenth Jelf acquisition
Broker Jelf group has announced increased turnover in the six months up to 31 March by 20% to £4.9m (2004: £4.1m). In addition the firm has announced its tenth acquisition, taking on the Taunton-based operations of RK Harrison.
Lloyd's worldwide development head points to global challenges
The world insurance market is facing a series of challenges, according to James Sutherland, the head of development and strategies worldwide at Lloyd’s of London.