News
ILAA and CILA reconcile over training techniques
Bosses at the Chartered Institute of Loss Adjusters and the Independent Loss Adjusters Association have vowed to "build bridges" with a view to sharing training and education initiatives.
Vijay Raghaven promoted to CEO of Ace Arabia
Ace Group today made several appointments to its Middle East and North Africa team.
XL to write political and trade credit risks via Lloyd's platform
XL Group has received approval from Lloyd's to write political and trade credit risks using the Lloyd's platform via XL Group's Lloyd's Syndicate 1209.
Burton to head Coface's Asia Pacific platform
Richard Burton has been appointed manager for Coface's Asia Pacific platform.
Aviva and Broker Network "mutually agreed" that arrangement could not work
Speaking to Post following the news that Aviva has decided to end an arrangement with Broker Network as its preferred partner, David Skinn, head of broker performance management at Aviva, stressed that this does not change its relationship with member…
Ex-Willis man Mikrut takes up JLT Re executive VP role
JLT Reinsurance has appointed Henry Mikrut as executive vice president.
Fondiaria-Unipol merger suffers further setback
Jonella and Paolo Ligresti, two of the principal owners of Italian insurer Fondiaria-SAI, have refused to agree to conditions necessary to waive a mandatory bid on minorities in a planned merger with rival Unipol, threatening to scupper the deal,…
Generali on negative watch after CEO change
Ratings agency Standard and Poor's has placed Italy's Generali on negative watch following the removal of Giovanni Perissinotto and his replacement with Zurich head of general insurance Mario Greco.
Olympics Countdown: Q&A with Corinna Lawrence
Beazley-sponsored fencer Corinna Lawrence talks to Post about inspirational siblings, her second life as a private tutor and her green belt in taekwondo.
Willis appoints Latin America reinsurance CEO
Willis Group Holdings has appointed Antonio Tosti to the newly-created role of chief executive of Willis' Latin America reinsurance business.
FSA to end client exposure and abolish unclear risk transfer agreements
The Financial Services Authority is to publish a consultation on changes to its client money rules around risk transfer by the end of this month, in a bid to abolish ambiguous insurer agreements.
CHOs slam decision to refer motor market to Competition Commission
Credit hire operators have called for resources to be redirected to improving the Association of British Insurers-backed general terms of agreement rather than towards an investigation by the Competition Commission into the "dysfunctional" motor…
Law report: Solicitors did not have to advise on surgery
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: Costs case underscores need for explicit settlement withdrawal
Law reports contributed by national law firm Berrymans Lace Mawer.
Law report: Ability to pay must be considered
Law reports contributed by national law firm Berrymans Lace Mawer.
Market moves: Broking steps up the recruitment push
This week the recruitment space belonged to the broking community, which saw major moves across the sector. In the past seven days, Willis, Lorica, Giles and Lockton all named new senior staff.
Omega shareholders approve £164m acquisition by Canopius
Omega shareholders have backed Canopius' bid to buy the business meaning the acqusition could go through in July.
"Strong likelihood" of redundancies as Covea scraps aggregator plans
MMA Holdings has confirmed that it will not be launching an aggregator platform as it "does not fit" with its core UK business and plans for future growth.
Norton Rose bolsters French practice with new appointments
Global law firm Norton Rose has recruited Hogan Lovell's Bénédicte Denis as a corporate partner in its Paris office.
CILA could play regulatory role if Insurance Mediation Directive is passed
The Chartered Institute of Loss Adjusters could change its remit to become a regulator if leaked European regulation to oversee the industry is introduced, according to its president Simon Burley.
Hyperion sets sights on US consolidators after £95m buy
Hyperion chief executive David Howden has vowed to make a swift return to the acquisition trail following its £95m takeover of Lloyd's broker Windsor last Friday - the group's largest deal to date - thus creating a "credible alternative" to the new wave…
Broker Network and Aviva end deal
Aviva has decided to end an arrangement with Broker Network as its preferred partner following a breakdown in the relationship.
Property rebuilding costs continue to slow
The annual rise in the UK's index of house rebuilding costs is continuing to slow down, according to the Building Cost Information Service of the Royal Institute of Chartered Surveyors.
LIC investigated over Rs10m death benefit scam
The Life Insurance Corporation of India is being investigated for alleged "serious financial irregularities" in a scheme designed to provide insurance for the country's rural poor.