News
Tradex offers free PL cover
Motor trade insurer Tradex will be giving free public liability, product and service indemnity cover on its motor trade road risks policies to self-employed operators with no employees and no premises.
Heath Lambert boosts transport division
Heath Lambert Group has announced that Martin Ecott will join the specialist transportation unit within the Project Risks Division.
Run-off vendors are becoming 'increasingly sophisticated'
Vendors of insurance companies in run-off are becoming increasingly sophisticated in the way in which they set about disposing of these businesses, according to run-off specialist Omni Whittington.
FSA’s menu on polarisation is too complex, says AIFA
The director general of the Association of Independent Financial Advisers, Paul Smee, said: “The FSA’s proposed version of the menu is overly complex and there is a danger that it will not be read by consumers. This in turn will not meet the regulator’s…
XL London Market announces new underwriting appointments
XL London Market announced today that XLLM underwriters Colin Sprott and Michael Talbot have been appointed marine deputy underwriter and hull class underwriter, respectively, for Lloyd’s Syndicate 1209.
FSA regulation lacks clarity says Airmic
The lack of clarity about the impact of the FSA regulatory impact on the risk management sector in the UK is proving highly damaging according to Nick Chown, chairman of the Association of Insurers and Risk Managers (Airmic). There is a question about…
XL offers primary D&O liability cover across Europe
XL Insurance Professional plans to offer primary directors & officers (D&O) liability insurance coverage in Europe in addition to its excess coverages, effective immediately.
Legal costs hit 60% mark for EL premiums
Legal expenses are pushing up the cost of liability claims, which are threatening to get out of control, the Association of Insurance and Risk managers conference heard today.
Health Lambert appoints new managing director for Captives Management division
Broker Heath Lambert has announced the appointment of Merise Wheatley as managing director of its Captives Management division.
RIMS contingent heads to London
A group of members of the Risk and Insurance Management Society in America is planning to visit the London market and Lloyd’s in September to address the ‘intense interest’ in the coverage and capacity that it can provide.
Dubai authority joins international regulatory group
The Dubai Financial Services Authority (DFSA) has been accepted as a full member of the International Association of Insurance Supervisors (IAIS).
RSA gets on its bike
This weekend nine members of Royal & Sun Alliance's marketing team are taking place in the London to Brighton sponsored bike ride.
Cobra in RSA tie up
Cobra, the independent commercial broking alliance, has announced that Royal & Sun Alliance has joined its panel with immediate effect.
Lloyd's signs £10m deal with Unisys
Lloyd's has signed an infrastructure managed services agreement with IT provider Unisys, with a potential estimated value of £10m to Unisys over the five year term of the contract.
NAIC works on a unified state-based regulatory framework
The National Association of Insurance Commissioners (NAIC) has submitted a detailed framework document to th US House Financial Services Chairman Michael Oxley, detailing ongoing and proposed steps to create a state-based national system of insurance…
JLT looks to boost reputation through student scholarship scheme
Jardine Lloyd Thompson (JLT) has launched a student scholarship scheme at the University of York to build an interest in insurance amongst students and to build JLT’s reputation among the student community.
CPI teams up with SolaGlas Windowcare to offer glazing service
Countrywide Property Inspections has announced a strategic alliance with SolaGlas Windowcare to offer a rules-based glazing, locks and doors inspection, validation, repair and replacement service.
Helphire announces profits of £35m
Helphire Group has announced gross profits of £35.1m for the year ending 31 March 2004, with pre-tax profits on ordinary activities in the region of £7.1m, an increase of 35%, in comparison to last year’s £5.3m).
Norwich Union in new property outsourcing deal
Land Securities property outsourcing business, Land Securities Trillium, has today agreed a major deal with Norwich Union to manage and improve its core occupational estate.
Underinsurance rife among household art and antique collectors
Many household collectors of art and antiques are under insuring their home contens, according to a new survey by Hiscox and specialist fine art and private client broker, Aon.
Fusion plays Samaritan to policyholders' employees
Fusion claims to have become the first UK insurer to provide both free employee stress counselling and on-line advice for employers as part of all policies.
Cox moves to defend reserves strength
Cox Insurance Holdings has issued a robust statement rejecting recent press reports which cast doubt over its reserves and speculated on the real reasons for the termination of take over talks with insurer Highway.
CMGL Syndicate Management strengthens board
CMGL Syndicate Management Limited, a wholly owned subsidiary of Claims Management Group Limited, has announced three new appointments.
Heath Lambert UK MD given new role
Heath Lambert today announced it has appointed Adrian Colosso as group managing director.