News
Ageas strengthens commercial broker team
Ageas has appointed three new broker account executives to cover the North east, East and West Midlands, and South west.
Channel Syndicate appoints property division head
Lloyd’s Channel Syndicate 2015 has appointed David Leathem as head of its property division.
THB adds to London market team
Insurance broker THB has recruited three new staff to the motor fleet and commercial units of its London market offering
Manslaughter decision to spark health and safety reviews
The first conviction under the Corporate Manslaughter Act will cause companies to review their health and safety procedures, law firm Plexus Law has claimed.
CFC sees operating profit rise 26%
Specialist lines MGA, CFC has recorded a gross premium income rise to £36 million for the year ending September 2010.
Fitch revises Aviva's outlook to stable
Fitch Ratings has revised Aviva’s outlook to stable from negative and affirmed its long-term issuer default rating at 'A'.
Fitch revises Aviva's outlook to stable
Fitch Ratings has revised Aviva’s outlook to stable from negative and affirmed its long-term issuer default rating at 'A'.
Clyde & Co expands Asia team
Clyde & Co has announced Michael Cripps is to join the company’s global corporate insurance practice as a partner.
Willis Networks increases membership
Six new members have joined Willis Networks.
Mitsui strengthens Lloyd’s team
Mitsui Sumitomo at Lloyd’s has made five appointments to it’s corporate, mid-market and regional distribution teams.
Chartis names new head of UK operations
Chartis has named Kate Roy head of UK operations. Ms Roy’s remit will include delivering a consistent approach across the different operational functions in the UK, as well as leading the service proposition and driving operational compliance.
Lloyd's welcomes regulatory clarity
Lloyd's has welcomed clarity on the future of its regulatory structure following publication of a government report today.
BLM: Corporate manslaughter fine a “warning shot”
Law firm Berrymans Lace Mawer has claimed that the fine levied in the UK’s first conviction under new corporate manslaughter regulation is a “warning shot” for businesses.
Lloyd's to be dual-regulated by PRA and FCA under new financial regime
The Government today outlined its view that Lloyd’s and Lloyd’s managing agents should be dual-regulated firms with the Prudential Regulatory Authority responsible for prudential regulation (including the activities of ensuring the adequacy of members’…
Government admits insurance firms pose less "systemic" risk
In outlining its plans for the replacement of the Financial Services Authority today the Government has given the strongest sign yet that it will differentiate between the insurance industry and other higher risk sectors.
Achilles lowers Brit deal acceptance threshold
Achilles offer for Brit Insurance has been declared unconditional after the private equity consortium lowered the threshold for acceptance on its offer from 95% to 80% of issued share capital.
More details published on regulatory regime
A new approach to financial regulation: building a stronger system provides further detail on the government’s proposals to reform the framework of financial regulation in the UK.
Engineering firm fined £385 000 in corporate manslaughter case
Cotswold Geotechnical has been fined £385 000 after being found guilty in the first trial under the new corporate manslaughter legislation.
Towergate secures bid to insure NICEIC
Following a tender process in 2010, Towergate has been appointed to provide insurance services to NICEIC, the UK electrical contracting industry’s independent voluntary accreditation and regulatory body.
Groupama UK profit rises 70%
Double-digit premium rate growth in private motor supported a 4.6% revenue growth for Groupama Insurances to £470.9m in 2010 (2009: £450.3m).
Groupama UK profit rises 70%
Double-digit premium rate growth in private motor supported a 4.6% revenue growth for Groupama Insurances to £470.9m in 2010 (2009: £450.3m).
Cobra names professional risks manager
Cobra London Markets has appointed Mark Crisp as manager of its professional risks division.
Government rebrands broker regulator before launch
The government is to rename the Consumer Protection and Markets Authority as the Financial Conduct Authority and give it the power to ban products or limit their distribution for up to 12 months.
“Augmented reality” campaign for Aviva brokers
Marketing agency Balloon Dog has provided Aviva with an augmented reality campaign designed to raise awareness of the insurer’s product offering in the technology sector.