News
Brit shareholders would back improved Apollo bid, claims report
Brit Insurance shareholders would reportedly back an improved bid by Apollo, the US private equity house, if one is forthcoming.
Brokers concerned over Quinn duty of care legal action
Insurance brokers are worried they may not be able to rely on disclaimers given to clients who placed business with Quinn Insurance, according to reports.
DAS takes corrective action on rates
DAS has claimed it is on target to achieve record growth during 2010 as annual premium income rose £19m during the first five months of the year.
CBG issues IPT warning
CBG Group has warned that increasing the level of insurance premium tax is likely to deter customers from buying adequate cover.
Ordnance survey mapping to detect fraud
OS Open Data, Ordnance Survey’s mapping and data portal, allows banks and insurance firms free access to key geographic datasets for the first time.
Cunningham Lindsey combats travel insurance fraud
Cunningham Lindsey has launched a system to combat travel insurance fraud and adding details of almost one million claims to its database.
Aviva appoints CRS chief
Insurance giant Aviva has ended its search for a corporate risk solutions head by announcing Dipak Warren is to lead the division.
Alpha Underwriting launched
Alpha Underwriting has been established to handle corporate travel and personal accident cover.
CII launches London market qualification
The Chartered Insurance Institution has outlined its new award in London Market Insurance.
Questgates adds to property team
Specialist loss adjustor Questgates has made a number of new appointments to its property team.
FSA to investigate Brit buy-out leak
The Financial Services Authority is investigating the leak of Apollo's takeover approach of Brit Insurance.
IUA calls for "well informed" insurance regulator
The International Underwriting Association has called on the coalition government to ensure that there is a strong insurance prudential regulator as part of its shake-up of the financial services industry.
China regulator aims to open more investment channels for insurers
The China Insurance Regulatory Commission (CRIC) is discussing loosening the investment channels of insurance companies, according to newswire the Xinhua News Agency.
XL Re becomes first Bermudan reinsurer to qualify as eligible in Florida
XL Re, the global reinsurance operations of XL Capital has announced that it has received approval from the Florida Office of Insurance Regulation (FIR) to qualify as an “Eligible Reinsurer” in Florida, pursuant to requirements set forth by the Florida…
Brokers Link appoints new CEO
Insurance intermediary network, Brokers Link has named Leonard Battifarano as its new chief executive.
Hoban outlines regulation plans
Mark Hoban, financial secretary to the Treasury, has addressed the House of Commons following George Osborne's Mansion House speach last night on the breaking up of the FSA.
Compliance firm urges industry to work together for regulatory change
Wolters Kluwer Financial Services UK managing director Dean Curtis has urged the financial services sector to pull together to ensure the Chancellor George Osborne’s regulatory changes are effective.
Economy on "road to recovery"
Businesses are starting to enjoy a recovery in markets at home and overseas, according to delegates at the Coface - the country risk conference for the UK and Ireland.
Economy on "road to recovery"
Businesses are starting to enjoy a recovery in markets at home and overseas, according to delegates at the Coface - the country risk conference for the UK and Ireland.
Willis launches distressed assets practice
Willis North America has unveiled a new distressed assets practice aimed at advising clients on the management of risks associated with financially distressed, foreclosed or abandoned properties.
Nexus acquires AVH
Nexus Vehicle Rental, has announced the acquisition of Adapted Vehicle Hire for an undisclosed sum.
UIB appoints group FD
Insurance broker UIB has appointed Keith Anderson to the UIB Holdings Group board as group finance director.
Biba calls for appropriate, proportionate and cost effective regulation
Eric Galbraith, British Insurance Brokers' Association chief executive, said the organisation is pleased its concerns over splitting the regulation for the sector have been taken on board, and that insurance intermediaries appear to be falling under the…
UIB appoints IT head to lead innovation
Insurance broker UIB has appointed Paul Chalk as divisional director for IT with immediate effect.