News
LMA issues Egypt alert
The situation in Egypt is being monitored by underwriters and their security advisers.
Biba slams FSCS over “ridiculous” levy
The British Insurance Brokers’ Association has warned intermediaries to begin to preparations for a potential 50% increase in Financial Services Compensation Scheme levies for 2011/12.
Marsh forms alliance with Maplecroft
Marsh said it has formed a strategic alliance with Maplecroft to enable clients to grow with greater confidence in emerging markets.
JLT welcomes bribery act delay
JLT’s D&O liability team has welcomed the delay to implementation of the Bribery Act due to the level of debate and uncertainty that surrounded aspects of the act.
Treasury committee calls for right not rushed regulation
The Treasury Committee has today published its report on the government's proposals for financial regulation, calling for more time to get it right.
BCIS offers free pilot
ReAssess, a new tool to help insurers more accurately assess their reinsurance needs has been launched by The Building Cost Information Service of the Royal Institution of Chartered Surveyors.
Aviva enhances outsourcing agreement with nine year HP deal
Hewlett-Packard today announced Aviva has signed a nine year messaging contract based on Microsoft Business Productivity Online Suite designed to improve productivity and enhance collaboration across all of Aviva's global regions.
Markel International sees six point hit on underwriting due to major losses
Markel International has reported gross written premiums of $709.0m for the year ended December 31, 2010, compared to $641.20m for the same period of 2009.
Willis and Atlas join forces in PCC first
The Global Captive Practice of Willis Group Holdings and Atlas Insurance PCC (Protected Cell Company), have become the first in the insurance industry to use PCC technology to underwrite UK statutory motor liability from Malta.
Willis and Atlas join forces in PCC first
The Global Captive Practice of Willis Group Holdings and Atlas Insurance PCC (Protected Cell Company), have become the first in the insurance industry to use PCC technology to underwrite UK statutory motor liability from Malta.
Ex-LSE deputy CEO appointed boss of new regulator CPMA
The Government has announced that Martin Wheatley will become chief executive designate of the Consumer Protection and Markets Authority. He will be formally appointed to the post of chief executive once the new body has been established at the end of…
QBE halts share trades as it is linked with $2bn US acquisition
QBE Insurance is in talks to buy US insurer Balboa from Bank of America , according to reports.
Axa managers face redundancy claims report
More than 50 people face redundancy at Axa's Ipswich office, according to reports.
Munich Re unveils profit estimate for 2010
On the basis of preliminary estimates, Munich Re achieved a consolidated result of €2.43bn for 2010 (2009: €2.56bn), despite substantial major losses, it announced this morning.
Munich Re unveils profit estimate for 2010
On the basis of preliminary estimates, Munich Re achieved a consolidated result of €2.43bn for 2010 (2009: €2.56bn), despite substantial major losses, it announced this morning.
Brightside still on target despite life arm difficulties
Brightside's broking chairman has insisted the group is on target to meet its general insurance business plan, despite admitting its life offering is "not at the level it had hoped for".
Fraud team to expand at Horwich Farrelly
Insurance litigation specialist Horwich Farrelly aims to expand its team of fraud specialists in the next 12 months to meet increased demand.
Former UKDN employee lied
A former UK Drainage Network employee has been forced to retract claims that the company handed over shares to land a fulfilment contract, after admitting the allegations were false.
Editor's comment: Cullum's Advent calendar
The transfer deadline day, 31 January, saw a host of football clubs scrambling over themselves to secure deals to improve their stock ahead of the final push for safety, promotion, Europe or silverware.
Kitchener quits Apil to join law firm
Association of Personal Injury Lawyers chief executive Denise Kitchener is poised to leave the organisation after 18 years to take up a role at law firm Pattinson and Brewer.
Romero opens second office as plan revised
Leeds-based Romero Insurance Brokers has expanded its Yorkshire foothold with the opening of its second office in Halifax in a bid to get its growth plans back on track.
CFC launches 'unambiguous' recruitment product
Underwriting agency CFC is targeting a share of the £30m gross written premium recruitment insurance market, after launching an "unambiguous" product aimed at the sector.
Nationals call for FSA talks as Towergate seals £200m deal
Chief executives from some of the UK's largest brokers have called for a meeting with the Financial Services Authority to discuss concerns over the increasing level of intervention in compliance issues by the regulator.