News
Harbor Point applies for FSA branch license - sources
Class of 2005 Bermudian and US reinsurer Harbor Point has applied to the Financial Sercvices Authority for a branch license for Harbor Point Re UK, it's London representative office, Reinsurance understands.
Perkins Slade names new MD
Having recently announced that the company had discontinued its investigation of finding a merger partner Perkins Slade today announced its management succession plan.
Power companies undervaluing property by up to 30% says Willis
In an industry that is being squeezed to maximum capacity by unprecedented demand and skyrocketing equipment, commodities and labour costs, under-insurance could prove disastrous for power companies when the time comes to make a claim.
Marsh boosts renewable energy team
Marsh has made several appointments in its renewable energy practice in London.
Outsourcing firm promotes two
Health insurance outsourcing partner EMR Europe has promoted two of its Folkestone-based team to the new role of assistant healthcare manager, writes James Burke.
CII launches podcast service
The Chartered Insurance Institute has launched a series of podcasts as a guide to navigating the regulatorty demands of Treating Customers Fairly.
XL placed on negative creditwatch by S&P: report
Credit ratings agency Standard & Poor's has placed XL Capital on negative credit watch because of uncertainty surrounding reinsurance and agreements with bond insurer Security Capital Assurance Ltd, a report from the Associated Press has said.
3XD agrees new rates
3XD has agreed new commission terms with Brit Insurance allowing it to increase the levels of commission paid on its mortgage payment protection policy to 30% of the monthly premium excluding insurance premium tax.
EMC first casualty of US Mid-West flood losses
Des Moines-based EMC Insurance Group has said that the heavy floods and recent tornado in Iowa has forced management into a profit warning.
Willis director of underwriting set to retire
Malcolm Lambert director of underwriting and compliance officer at Willis Management (Isle of Man) has announced he is taking early retirement.
Florida to pay Buffett $224m for $4bn bond option - reports
Florida politicians have turned to Warren Buffett in a deal which will see Berkshire Hathaway commit to buying $4bn in bonds issued by the Florida Hurricane Catastrophe Fund should claims hit more than $25bn this hurricane season, various reports from…
CFS unveils new executive team
The Co-operative Financial Services has revealed its new executive team structure following the decision taken by Stephan Pater, CFS chief operating officer, to leave the business in August this year.
Zurich confirms Fareham, Birmingham and Cardiff to be most impacted by job cuts
Zurich has today outlined the exact details of how many people it expects to make redundant as part of its change programme announced four week ago.
Crawford strengthens construction and engineering teams
Crawford and Company has added two senior employees to its construction and engineering team.
Allianz commissions climate change report
Allianz and the World Wildlife Fund have commissioned an independent report examining the climate performance of the G8 nations according to nine criteria, such as comparing emission trends since 1990 and examining each country’s progress against their…
Ariel poaches senior property reinsurance underwriter from Arch
Ariel Re said that it has managed to secure the services of US property reinsurance underwriter Myles Orchard, who comes across from Bermudian reinsurance rival Arch Re.
Ariel Re appoints new chairman
Bermudian reinsurer Ariel Re has appointed George Rivaz as its chairman, while appointing Tom Hulst as his successor as president of the company.
ABI: £5m worth of insurance claims uncovered a week
Figures released today by the Association of British Insurers show that last year insurers uncovered 24 000 fraudulent motor insurance claims worth £260m, or £5m every week. The number of dishonest motor claims detected has risen by 70% over the last…
Plan for compulsory medical liability insurance questioned
The European Commission has published a proposal on cross-border healthcare, aimed at enhancing the rights of European Union citizens when receiving medical treatment in other EU countries.
EC discrimination proposal could outlaw some products, warns CEA
The European insurance body the CEA has warned discrimination proposals could see some insurance products outlawed.
Willis acquisition of HRH passes first hurdle
Willis has announced that the US Federal Trade Commission has cleared review of Willis' pending acquisition of Hilb Rogal and Hobbs under the Hart-Scott-Rodino Antitrust Improvements Act by granting early termination of the waiting period.
Riding high
As part of Lockton UK's community programme, associates from across the firm have been participating...
City tackles climate change
The City of London Corporation launched its 'City climate pledge' last week in an effort to help com...
Time to test yourself
A selection of questions from various past-CII qualification papers